The National Assembly has directed the Clerk to re-gazette the Acts and issue Certified True Copies of the versions to both chambers

On alleged alterations, Oyedele welcomed the National Assembly’s position, saying the Federal Government will work with the lawmakers to address concerns

NLC has urged Nigerians to reject any tax law that “was distorted or falsified”, emphasizing the importance of inclusivity and fairness

Oyedele explained that even members of the executive arm, including himself, only had access to the versions presented to President Bola Tinubu for assent.

Nigeria’s opposition movement on Wednesday warned that the Federal Government’s proposed tax regime could worsen the country’s deepening social and economic crisis, accusing the administration of imposing harsh fiscal policies on citizens already overwhelmed by poverty, insecurity, and rising living costs.

Amid rising public anxiety over the ongoing tax reforms, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, yesterday dismissed fears that the government plans to deduct money directly from bank accounts, insisting that such claims are “false, dangerous and capable of destabilising the economy.”

With a few weeks to the January 1 rollout of the 2025 Nigeria Tax Act, there is growing concern among the nation’s business community, industry experts, and other stakeholders that the new tax regime could trigger unprecedented capital flight and undermine Nigeria’s investment climate.

President Bola Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC).

By Dele Sobowale Ask anybody, including the best educated and most erudite, about the Nigerian economy, and the response will probably be subjective summary based on personal and political bias long ingrained. Members of political parties have made up their minds in advance of any event regarding the economy. For some, President Tinubu can do no […]

Adebayo argued that Tinubu’s tax policy would worsen the hardship of Nigerians already grappling with rising living costs.

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said the proposed 5% fuel surcharge (tax) will not be implemented until there is a significant improvement in key economic indicators, particularly an appreciation of the naira or a fall in global crude oil prices. Speaking at the Haulage and Logistics […]

The House of Representatives has inaugurated an Ad-hoc Committee to investigate alleged unlawful tax deductions from the earnings of civil and public servants, as well as multiple bank charges imposed on customers’ accounts across the country.

An estimated 98 per cent of Nigerians will either stop paying tax or have their tax rate under the Pay As You Earn (PAYE) category crashed to its barest minimum when the new tax law goes into force in January 2026.

Oyedele dismissed the widespread belief that Nigeria’s revenue problem could be solved by targeting the informal sector.

Nigeria stands at the edge of a fiscal revolution. For decades, the country has struggled under the weight of a tax system that is tangled