The federal government has dismissed as false a viral video claiming that Nigeria’s new tax laws will only commence in 2027 and that a 25 per cent tax has been imposed on funds meant for building materials and other transactions. This was contained in a separate clarification by the Presidential Fiscal Policy and Tax Reforms …
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has revealed that Nigeria’s ongoing tax reforms have exposed him to threats against his personal safety. Oyedele disclosed this on Tuesday in Abuja while speaking at a governance colloquium organised to mark the 50th birthday of Hajiya Hadiza Bala Usman, Special …
The Presidential Fiscal Policy and Tax Reforms Committee has rejected most of the observations made by KPMG on Nigeria’s newly enacted tax laws, describing the advisory firm’s conclusions as largely flawed and based on misinterpretation. The committee, chaired by renowned tax expert Taiwo Oyedele, conveyed its position in a response issued on Saturday to KPMG’s …
As Nigeria ushers in 2026, the nation operates under a landmark fiscal framework, the 2025 Tax Reform Laws. Designed to modernize the tax system, broaden compliance, and strengthen national revenue, these reforms have generated both optimism and anxiety. A wave of misinformation circulating online has raised fears that the new system could allow authorities to …
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has clarified that the new tax law is intended to support rather than harm the aviation industry. His clarification follows a recent claim by the Chief Executive Officer of Air Peace, Allen Onyema, that the reform will hurt the industry. Contrary to misconceptions, …
The Nigerian government has reaffirmed its commitment to the implementation of the new tax laws, which will take effect on January 1, 2026, despite concerns raised by the House of Representatives over alleged discrepancies between the gazetted versions and those passed by lawmakers. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax …
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has stated that the National Assembly has the constitutional authority to suspend the planned implementation of Nigeria’s tax reform laws set for January 2026. In an interview on Channels Television on Monday, Oyedele responded to allegations that parts of the tax laws passed …
Social media users have begun to raise concerns that landlords will hike rents because of a provision in the new tax law. Their worries bordered on the provision of the 20 per cent relief on annual rent and up to ₦500,000 relief the new tax law provides. In a Facebook post, a social media user …
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that Africa must remove disincentives to investment to grow revenue. He emphasised this in a post on his X handle on Monday, October 13, to explain what he meant by "The True Cost of Tax". He suggested that it is …
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, Mr Taiwo Oyedele, has said Nigeria would have collapsed economically if President Bola Ahmed Tinubu had not embarked on the key economic reforms around subsidies and the floating of the naira. Oyedele, who made the claims while speaking at the Interactive …
