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The Digest:
Tax reform chief Taiwo Oyedele has revealed that Nigeria has fewer than 10 million active individual taxpayers, a figure he argues should be the baseline for Lagos State alone. Speaking at the Tax Reform Summit 2026, Oyedele emphasized the critical need for improved data, property tax expansion, and harmonized laws to unlock sustainable revenue and broaden the nation's narrow tax base.
Key Points:
Sources: Vanguard News, Tax Reform Summit 2026
The Digest:
Tax reform chief Taiwo Oyedele has revealed that Nigeria has fewer than 10 million active individual taxpayers, a figure he argues should be the baseline for Lagos State alone. Speaking at the Tax Reform Summit 2026, Oyedele emphasized the critical need for improved data, property tax expansion, and harmonized laws to unlock sustainable revenue and broaden the nation's narrow tax base.
Key Points:
- Nigeria has less than 10 million active individual taxpayers nationwide.
- Taiwo Oyedele said this number should be the target for Lagos State alone.
- He stressed that credible data is essential for effective revenue mobilization.
- Oyedele highlighted property tax as a key underutilized revenue stream.
- He projected Lagos could generate ₦1 trillion yearly from a 0.5% tax on two million properties.
- The tax reform committee’s model harmonization law has been adopted by Ekiti, Zamfara, Anambra, and Kano.
- Oyedele urged Lagos to lead in legal and administrative tax reform implementation.
Sources: Vanguard News, Tax Reform Summit 2026
