President Bola Tinubu, on Tuesday in Abuja, said colonial-era tax laws impoverished Nigerians through fragmentation, multiplicity, and inconsistencies, and assured that the new reforms will deliver greater prosperity and inclusivity. President Tinubu emphasised that the new tax system is designed to be people-centred and investment-friendly, thereby advancing the nation’s...
Tax Reform bills
Presidential Fiscal Policy & Tax Reforms Committee has dismissed reports alleging that the Honourable Minister of State for Finance, Taiwo Oyedele, admitted errors in Nigeria’s newly introduced tax laws, describing the claims as misleading and a distortion of his remarks. In a press statement issued on April 11, 2026,...
Students from four secondary schools in Plateau State engaged in debates on tax reform, corruption and civic responsibility during a competition organised by the Plateau State Internal Revenue Service (PSIRS) as part of activities marking the 2026 Taxpayers Month in Jos. Participants from Government Secondary School Anglo-Jos, Government Secondary...
The recent 10-point statement by Zacch Adelabu Adedeji, Executive Chairman of the Nigeria Revenue Service (NRS), offers a glimpse into a forward-thinking roadmap for the agency. It represents a fundamental pivot from aggressive enforcement to strategic “taxing of prosperity, not poverty.” At its core, the mandate collapses the old,...
Vice President Kashim Shettima, has said the implementation of new tax reforms will eliminate the burden of multiple levies and charges on small businesses and low-income earners in Nigeria, thereby helping to reduce poverty. Shettima noted that the planning and implementation of the tax reforms were carefully designed to improve...
President Bola Ahmed Tinubu today received Nigeria’s newly appointed Tax Ombudsman, John Nwabueze, at the State House, Abuja, as his administration advances far reaching reforms to strengthen tax administration and revenue governance. The establishment of the Office of the Tax Ombudsman is a key pillar of President Tinubu’s economic...
Independent Media and Policy Initiative (IMPI) has said that the tax reforms which have since come into operation are bound to improve Nigeria’s economic buoyancy in 2026 and beyond. In a statement signed by its Chairman Dr Omoniyi Akinsiju, the think tank insisted that the country’s revenue mobilization drive...
Executive Chairman of Cross River Internal Revenue Service (IRS), Edwin Okon, has disclosed that the newly signed tax reform bill by President Bola Tinubu is aimed at reducing the burden of majority of Nigerians . Okon said the tax reform is also targeting the poor and vulnerable in the...
Many bank customers have frowned at the 7.5 per cent Value Added Tax(VAT) on selected electronic banking services, saying taxes are becoming too much for citizens. Some of them who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, appealed to the Central Bank of Nigeria...
Nigeria Tax Act 2025 (NTA 2025) policy signed into law on June 26, 2025, effective from January 1, 2026, shall commence on January 19, 2026. With the implementation, if you send money through your mobile banking app, use USSD codes like *737# or *919#, or rely on fintech platforms...
Nigeria Revenue Service (NRS) has dismissed widespread claims suggesting that the Nigeria Tax Act recently introduced Value Added Tax (VAT) on banking services, describing such reports as misleading and inaccurate. In a statement issued on Thursday, the tax authority said VAT has not been newly imposed on banking fees,...
The Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria has commended the Kogi State Government for domesticating the Harmonised Taxes and Levies (Approved List for Collection) Law as part of Nigeria’s ongoing tax reforms. This was contained in a Facebook post by the chairman of the committee,...
We welcome all perspectives that contribute to a shared understanding and successful implementation of the new tax laws. We acknowledge that a few points raised by KPMG are useful, particularly those related to implementation risks and clerical or cross-referencing issues. However, the majority of the publication reflected a misunderstanding...
The essay you circulated is rhetorically powerful, but its “simplicity” is achieved by subtracting the very provisions that determine the outcome. That is not clarity; it is selective accounting. Let’s dismantle the argument on its own terms calmly, sequentially, and with arithmetic that actually follows the law. 1) The...
House of Representatives, under the leadership of the Speaker, Rt. Hon. Abbas Tajudeen, has released the four tax reform Acts duly signed into law by President Bola Tinubu, to Nigerians for public record, verification, and reference. Speaker Abbas, in concert with the Senate President, Godswill Akpabio, directed the immediate...
Former presidential candidate and ex-Governor of Anambra State, Mr. Peter Obi, has strongly criticised the Federal Government’s taxation policies, warning that Nigeria cannot achieve prosperity by placing heavier financial burdens on already struggling citizens. In a statement shared on his X handle, Obi argued that genuine economic transformation begins...
President Bola Ahmed Tinubu has declared that 2026 marks the start of a stronger and more resilient phase of economic growth for Nigeria, assuring citizens that recent reforms are yielding results and that greater benefits lie ahead for ordinary Nigerians. In his New Year goodwill message to the nation...
Peoples Democratic Party (PDP) has renewed its call for the suspension of the commencement date of the newly enacted Tax Act, citing what it described as serious discrepancies between the harmonised version approved by the National Assembly and the gazetted law. In a statement issued on Tuesday by the...
President Bola Ahmed Tinubu has reaffirmed that Nigeria’s newly enacted tax laws will commence as scheduled, with the remaining provisions taking effect from January 1, 2026, despite ongoing public debate around some aspects of the reforms. In a statement issued on the implementation timeline, the President noted that the...
National Assembly has directed the re-gazetting of key tax legislation and the issuance of Certified True Copies to address observed discrepancies between enacted laws and the versions published in the official gazette. House spokesman Akin Rotimi and Clerk to the National Assembly, Kamoru Ogunlana, confirmed the decision in separate...