tax reform

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: Former presidential candidate Peter Obi has condemned Nigeria’s new tax laws, calling them a form of “extortion” that lacks clarity, public consultation, and a clear social contract, revealing a deepening disconnect between policy and public trust in a system already straining...

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 Nigeria Labour Congress has issued a stern demand for the immediate suspension of the newly enacted tax laws, warning the Federal Government of potential industrial unrest if implementation continues. NLC President Joe Ajaero criticized the laws as regressive, exclusionary, and...

The Digest: Nigeria's new tax laws that took effect on January 1, 2026, represent a major fiscal overhaul designed to simplify and broaden the revenue base, but their implementation has been clouded by significant misinformation and public panic that requires urgent clarification. Key Points...

The Digest: Former Vice President Atiku Abubakar has called the newly gazetted tax reform law a “nullity” and accused the government of forging legislation, after the Senate confirmed that the published version does not match what was passed by the National Assembly. In a strongly worded...

The Digest: Air Peace Chairman Allen Onyema has warned that Nigeria’s new tax provisions could force domestic airfares beyond ₦1 million and risk collapsing local airlines within months. In an interview with ARISE NEWS, Onyema criticized what he called “multiple and overlapping” charges...

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...

# 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: 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: As the January 1, 2026, enforcement date for Tax Identification Number (Tax ID) compliance approaches, widespread confusion has prompted official clarifications to dispel myths and outline the new requirements. The policy, anchored in the Nigerian Tax Administration Act 2025, aims...

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 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: 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 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: The National Orientation Agency (NOA) has moved to calm public fears, explicitly stating that the Federal Government will not make automatic tax deductions from citizens' personal bank accounts. The agency attributed the widespread anxiety to a misinterpretation of the new tax...