President Bola Ahmed Tinubu has dissolved the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties, bringing to an end the operations of a body established more than two decades ago to oversee the disposal and management of federal assets.
The decision comes as the Federal Government continues implementing a series of fiscal reforms, including the enforcement of a Green Tax on certain imported vehicles and the reallocation of savings from fuel subsidy removal and foreign exchange reforms to social intervention programmes.
In a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Presidency said all responsibilities, pending matters and legal obligations previously handled by the committee have been transferred to the Office of the Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN).
The statement added that former officials of the committee have been directed to immediately cease representing the Federal Government on matters relating to the alienation of government properties.
According to the Presidency, the move is intended to streamline government operations, reduce overlapping responsibilities and improve the management of federal assets.
Meanwhile, the Nigeria Customs Service has begun implementing the Green Tax introduced under the 2026 Fiscal Policy Measures.
The tax applies to imported vehicles based on engine capacity, with higher rates imposed on larger-engine vehicles. Passenger vehicles with engines below 2.0 litres are exempt, while vehicles with engines between 2.0 and 3.9 litres attract a two per cent surcharge. Vehicles with engines of 4.0 litres and above are subject to a four per cent surcharge.
The government has maintained that electric vehicles, mass transit buses and locally assembled vehicles will remain exempt, while import duties on passenger vehicles have also been reduced as part of broader fiscal adjustments.
While the Federal Government says the reforms are designed to improve efficiency and strengthen public finances, analysts say their success will ultimately depend on implementation.
For the dissolution of the Presidential Implementation Committee, questions remain over how seamlessly ongoing property transactions, legal disputes and asset management responsibilities will be transferred to the Office of the Attorney General without creating administrative delays or disrupting existing processes.
Similarly, the Green Tax has sparked debate over its practical impact. Although the levy primarily targets higher-engine imported vehicles, stakeholders say it remains to be seen whether the policy will achieve its environmental objectives, generate significant revenue or simply increase the cost of vehicle imports.
There are also concerns about how Customs authorities will ensure consistent enforcement and prevent abuse during implementation.
The Federal Government has also stated that savings from the removal of fuel subsidies and foreign exchange reforms are being channelled into social intervention programmes and infrastructure development. However, policy experts say greater transparency will be required to demonstrate how those savings are being utilised and whether they are delivering measurable benefits to Nigerians.
As implementation of the reforms progresses, observers say public confidence will depend not only on the policies themselves but also on effective execution, accountability and regular disclosure of their outcomes.