tax reform

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...

The Digest: A major tax reform is set to change the amount of money working Nigerians take home. According to Daily Trust, a new Personal Income Tax system starts in January 2026, raising the tax-free income threshold and introducing different rates based on earnings. Rooted in the Storm. Key...

The Digest: The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Dr. Taiwo Oyedele, has announced that 98% of Nigerians will see their personal income taxes slashed or eliminated. According to Vanguard, this policy aims to protect low earners of economic hardship...

The Digest: The Federal Government confirmed that income earned by commercial sex workers or "runs girls" will be subject to taxation under the new fiscal reforms. Taiwo Oyedele, Chairman of the Presidential Tax Reform Committee, stated that the new laws do not differentiate between income...

The Digest: The Federal Inland Revenue Service (FIRS) has announced a list of essential goods and services now exempted from Value Added Tax (VAT) under President Bola Tinubu's new tax reform laws. FIRS Executive Chairman Zacch Adedeji confirmed the exemption of four major sectors during an...

The Digest: The Nigerian government is significantly expanding its tax net to include remote workers, Nigerians in the diaspora, and social media influencers, as part of its major fiscal policy and tax reforms. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax...

The Digest: Amid widespread debate and public concern, the Nigerian government's new 5% surcharge on fuel and diesel has become a key topic. This list breaks down the most important aspects of the tax, from its legal history to its intended purpose and the public reaction it has generated...

The Digest: Nigeria’s new tax reform, signed into law by President Bola Tinubu, introduces several key changes, including a broad list of VAT-exempted items. The new legislation, effective as of January 2026, targets a range of essential goods and services, providing tax relief across various...

The Digest: Nigeria is set to implement a sweeping tax reform, effective in 2026, mandating banks to report all customer accounts with monthly transactions exceeding N5 million to tax authorities. This directive marks a significant Fiscal Shift aimed at enhancing transparency, improving...