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Tag: Tax reforms

featured Finance

Oyedele dismisses claims of errors in new tax reform laws

The Minister of State for Finance, Taiwo Oyedele, has dismissed reports claiming he admitted to errors in Nigeria’s new tax reform laws, describing the publications as “misleading” and a misrepresentation of his remarks. In a statement by the Presidential Fiscal Policy and Tax Reforms on Sunday, Oyedele clarified that his comments at a recent Nigerian […]

featured Policy and Regulations

12 states have enacted tax harmonisation law — Oyedele

At least 12 states in Nigeria have enacted the tax harmonisation law, which is regarded as a vital component of the comprehensive tax reform initiative launched by President Bola Tinubu’s administration. During a speech in Abuja on Thursday, Taiwo Oyedele, who serves as the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms […]

featured Finance

Mixed reactions trail January salary rise from tax law

Some workers have expressed mixed and largely underwhelming reactions to recent changes in their take-home pay following the implementation of new Personal Income Tax reforms, with many stating that the increases are marginal and insufficient to meaningfully alleviate economic pressures. The new tax reform laws introduce several adjustments to the Personal Income Tax regime. Individuals […]

News

Death threats won’t stop tax reforms, Oyedele insists

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that he has received threats to his life due to his involvement in the implementation of Nigeria’s far-reaching tax reform agenda. Oyedele made the revelation in Abuja while speaking at a governance colloquium organised to commemorate the 50th birthday […]

featured Finance

Tax reforms: NRS is more than branding, says chairman

Nigeria’s newly established Nigeria Revenue Service has said that its emergence as a replacement for the defunct Federal Inland Revenue Service represents a major overhaul of the country’s revenue administration framework rather than a mere change of name. The Executive Chairman of the NRS, Dr Zacch Adedeji, made this known during a television interview monitored […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
featured Politics

Tax: PDP accuses Tinubu of putting revenue above Nigerians’ welfare

The Peoples Democratic Party has accused the administration of President Bola Ahmed Tinubu of prioritising revenue generation over the welfare and well-being of Nigerians following the Federal Government’s insistence on commencing the new Tax Act on January 1, 2026, despite alleged discrepancies in its gazetted provisions. The opposition party renewed its call for the suspension […]

Opinion

FG can implement tax laws despite lawmakers’ objection – Expert

An economic expert at Bayero University, Kano, Professor Kabiru Isah Dandago, has stated that the Federal Government can lawfully proceed with the implementation of the newly signed tax reform laws despite objections raised by some members of the House of Representatives. Professor Dandago made this assertion during an exclusive interview with Daily Post, where he […]

featured Finance

New tax ID portal to go live January 2026 — JRB, NRS

The Joint Revenue Board, formerly known as the Joint Tax Board, alongside the Nigerian Revenue Services, previously called the Federal Inland Revenue Service, have announced the launch of the Nigerian Tax ID Portal. The organisations disclosed that the portal will officially go live on January 1, 2026, marking a major step in the ongoing tax […]

Domestic airfares increased by 95% in 12 months – NBS
Aviation featured

NCAA denies multiple taxes behind high domestic airfares

The Nigerian Civil Aviation Authority has dismissed claims that domestic airfares are inflated due to multiple taxes, insisting that airlines do not pay the alleged levies and attributing the increase in ticket prices to the forces of demand and supply. The clarification was made by the Director of Public Affairs and Consumer Protection at the […]

featured Finance

50 exemptions, reliefs for Nigerians in new tax reform

Nigeria’s new tax reform laws, scheduled to take effect from 1 January 2026, introduce wide-ranging reliefs and exemptions aimed at easing the financial burden on low-income earners, average taxpayers and small businesses. The reforms outline 50 key exemptions and incentives covering personal income tax, company income tax, value added tax, capital gains tax, stamp duties […]

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