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Tag: Taiwo Oyedele

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Oyedele anticipates early passage of tax reforms bill

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, expressed his expectation that the Nigeria Tax Reform Bill would be enacted into law by the end of the first quarter of 2025. He also predicted that national discussions on the bill would intensify as the country approaches its implementation later […]

News

90% of workers to pay lower taxes – Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated that over 90% of workers in both the public and private sectors would pay lower taxes if the proposed tax reforms are implemented. Oyedele shared this insight on Monday via his X handle, where he educates the public on […]

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VAT proceeds won’t be mismanaged, says Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, reassured Nigerians on Wednesday that VAT proceeds would not be mismanaged by sub-national governments. He clarified that the proposed tax reform bills currently before the National Assembly include clear guidelines on how the funds should be spent. Oyedele made this disclosure […]

News

Tax reform bills to eliminate subnational levies – Oyedele

The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has disclosed that the proposed tax reform bills will remove all subnational consumption levies, except Value Added Tax. Oyedele in an explainer released on Monday clarified that the bills aim to simplify existing tax laws and resolve ongoing complexities. He also addressed concerns regarding the […]

News

Tax reform bills right move, says Oyedele

The new tax reform bills currently under consideration in Nigeria’s National Assembly propose to stop revenue collection by federal agencies, including the Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Customs Service. This was disclosed by the Chairman of the Presidential Tax Committee, Taiwo Oyedele, in an interview with Channels TV on Friday. Oyedele explained […]

News

Proposed VAT reform provides 0% tax on intellectual property, exports – Oyedele

The Presidential Fiscal Policy and Tax Reforms Committee has proposed a 0% VAT rate on intellectual property and services as part of a broader initiative aimed at stimulating Nigeria’s export sector. This proposal is among seven key changes suggested in the new VAT regime designed to overhaul the country’s tax system. This was disclosed in […]

News

Nigeria can increase revenue without imposing more taxes – Taiwo Oyedele

The Chairman of Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele believes that Nigeria can greatly increase its revenue without imposing additional taxes. Rather he suggests better tax administration and the use of technology to solve the anticipated N20 trillion tax shortfall. This was disclosed in a live interview on Channels Television’s “Politics […]

FG urges govs to justify use of subsidy removal savings
Economy

Tinubu’s tax committee chair demands diesel VAT suspension

The chairman of the presidential committee on tax policy and fiscal reforms, Taiwo Oyedele, has stated that the value-added tax on automotive petrol oil, popularly known as diesel, should be suspended. According to Channels Television, Oyedele stated that President Bola Tinubu’s directive to suspend the VAT will mitigate the negative economic effects of the elimination of gasoline subsidies. “What […]

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