The Digest:
The chairman of Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has dismissed reports of a paused rollout of new tax guidelines, calling the narrative “fake news” and attributing the delay to a procedural legislative check.
Key Points:
Tax...
The Digest:
Presidential Tax Reform Chairman Taiwo Oyedele has insisted that “few changes” made to the newly enacted tax laws will not alter their core provisions, even as allegations of discrepancies between the gazetted versions and what was passed by the National Assembly deepen public...
The Digest:
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that he faces personal threats for leading Nigeria’s contentious tax overhaul
Key Points:
Taiwo Oyedele states he receives threats for leading Nigeria’s tax reform efforts.
He...
The Digest:
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has issued a strong rebuttal to a recent analysis by KPMG Nigeria, stating the firm "does not understand" the policy intent behind the newly enacted Nigeria Tax Act (NTA). He challenged the...
The Digest:
The Federal Government has moved to allay public fears over the newly implemented tax laws, assuring Nigerians that their personal bank accounts will not be monitored or debited based on transaction descriptions.
Key Points:
Oyedele clarified that “no tax man in the world has...
The Digest:
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has confirmed the Federal Government will proceed with implementing new tax legislation on January 1, 2026, despite recent controversies.
Key Points:
Oyedele stated the rollout is on...
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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...
The Digest:
Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has projected that Lagos State could generate up to N1 trillion in annual revenue from property taxes if the system is fully optimized.
Key Points:
Taiwo Oyedele stated Lagos could generate N1...
The Digest:
Taiwo Oyedele has asserted that there are no discrepancies between the tax laws passed by the National Assembly and the officially gazetted versions. Speaking on Channels Television, Oyedele dismissed the controversy as fueled by unauthorized drafts and called for patience as a...
The Digest:
With 11 days until Nigeria's new tax regime takes effect, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has moved to calm public anxiety, clarifying that bank accounts will not be blocked from January 1, 2026, solely due to the lack of...
The Digest:
The Federal Government has announced that approximately one-third of Nigeria’s workforce will be exempted from paying personal income tax starting in January 2026, as part of a sweeping reform aimed at creating a fairer, more inclusive fiscal system.
Key Points:
Workers earning...
The Digest:
Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has attributed public anxiety over upcoming tax reforms to a critical lack of awareness, not new punitive measures. His clarification seeks to calm fears by separating longstanding law from fresh...
The Digest:
Taiwo Oyedele has clarified that the new tax laws will mandate banks to report accounts with a quarterly turnover of N25 million to the tax agency. According to the committee chairman, this raises the reporting threshold from the previous N10 million and is not a new power for...
The Digest:
Taiwo Oyedele, Chairman of the Presidential Tax Reforms Committee, has firmly dismissed fears that the government can directly debit personal bank accounts. According to his statement, such claims are false, dangerous, and could trigger harmful economic panic.
Key Points :
Taiwo...
The Digest:
The Federal Government has announced that all taxable Nigerians must possess a Tax Identification Number to operate bank accounts starting January 2026. According to reports, the policy exempts students and dependents while reinforcing compliance under the new Nigerian Tax...
The Digest:
The Presidential Fiscal Policy and Tax Reforms Committee has unveiled a list of 20 prominent content creators chosen to spearhead public education on Nigeria's new tax reforms. Selected from over 8,591 nominations, the creators will undergo special training to deepen their...
The Digest:
The Presidential Tax Committee has clarified that Tax Identification Numbers are not required for strictly personal bank accounts. According to Leadership Newspapers, Chairman Taiwo Oyedele explained the rule targets business transactions, exploring how authorities will use BVN...
The Digest:
Taiwo Oyedele, Chairman of the Presidential Committee on Tax Reforms, has detailed a new intelligence-driven system that will aggregate data from bank accounts, travel, and utilities to identify tax evasion.
Key Points:
The system will aggregate data from bank accounts, travel...
The Digest:
Millions of Nigerians will receive significant financial relief starting January 2026 as five frequently applied bank charges are set to be abolished under the Federal Government’s sweeping tax reform agenda. According to fiscal policy chairman Taiwo Oyedele, the changes are part...
The Digest:
Taiwo Oyedele, Chairman of the Presidential Tax Committee, has revealed that Nigeria has partnered with over 100 nations under the Common Reporting Standards to gather data on remote workers and citizens with foreign assets for tax enforcement.
Key Points:
Nigeria has...