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Tag: Tax reforms

Seven banks paid N392.53bn in taxes in first half of 2024
Opinion

CITN warns of risks over Nigeria’s tax laws

The Chartered Institute of Taxation of Nigeria has warned that the country may face significant governance and legal risks following allegations of inconsistencies between tax reform bills passed by the National Assembly and the versions subsequently gazetted. In a position paper released on Wednesday and signed by its 17th President and Chairman-in-Council, Innocent Ohagwa, the […]

featured News

Tinubu lacks power to suspend new tax laws — Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated that President Bola Tinubu lacks the constitutional authority to suspend the recently enacted tax laws. Oyedele made the clarification amid mounting calls on the Federal Government to pause the implementation of the laws, following controversies surrounding their passage and […]

Opinion

Delay in tax laws will hurt workers, businesses — Oyedele

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has cautioned that postponing the implementation of Nigeria’s newly signed tax laws beyond January 1, 2026, could worsen the tax burden on workers and businesses nationwide. Oyedele’s warning follows growing controversy over claims that the versions of the tax laws recently gazetted differ […]

Opinion

Arewa youth assembly rejects new tax law

The Arewa Youth Assembly has rejected the recently gazetted tax law introduced by the Federal Government, citing concerns over alleged discrepancies between the version passed by the National Assembly and the one officially published. In a statement signed by its Speaker, Mohammed Salihu Danlami, the Assembly described its stance as “firm and unambiguous,” noting that […]

Policy and Regulations

Reps probe allegedly altered tax reform laws

The House of Representatives officially formed an Ad-Hoc Committee on Thursday to investigate reported inconsistencies between the tax reform bills passed by the National Assembly and the official gazetted version currently being distributed to government agencies. This development follows a motion raised during Wednesday’s plenary by Abdussamad Dasuki, the representative for Kebbe/Tambuwal Federal Constituency of […]

featured Finance

Tax reforms: FG won’t debit your account, Oyedele tells Nigerians

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, moved to quell public anxiety yesterday regarding the ongoing tax reforms. He strongly dismissed trending social media claims that the government intends to deduct money directly from citizens’ bank accounts, calling such warnings “false, dangerous and capable of destabilising the economy.” Speaking […]

Seven banks paid N392.53bn in taxes in first half of 2024
featured News

No tax ID, no bank account from January 2026 — FG

The Federal Government has announced a directive stating that, effective January 1, 2026, all taxable Nigerians will be required to obtain a Tax Identification Number or Taxpayer Identification Number in order to operate a bank account within the country. This information was disclosed by the Chairman of the Presidential Committee on Fiscal Policy and Tax […]

Bill for tax crimes commission passes second reading
Business

NEPZA requests 10-year tax relief for free-zone operators

The Nigeria Export Processing Zones Authority has urged the Federal Government to grant a 10-year tax relief to all operators within the Special Economic Zones. The authority warned that failure to implement this transitional relief could undermine investor confidence and trigger disruptions across the free-zones ecosystem. This appeal comes barely one month before the scheduled […]

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