The Nigerian Senate has reaffirmed its commitment to advancing the Tax Reform Bills, dismissing claims of suspension. Senate President Akpabio emphasized the chamber’s independence and focus on public interest, confirming that the bills are moving forward with consultations and thorough reviews...
Taiwo Oyedele argues that Nigerian university lecturers should earn N5 million per month, far exceeding their current N400k salary.
On December 4, 2024, Taiwo Oyedele sparked a wave of discussion by proposing that Nigerian university lecturers should be paid N5 million monthly, instead of the...
The Nigerian Senate has suspended deliberations on controversial tax reform bills after public outcry and political tension. The suspension is aimed at addressing disagreements, particularly over the VAT-sharing formula. A 10-member committee will engage with key officials to resolve the...
Nigeria’s tax reform bills propose the phasing out of special tax privileges for TETFUND, NASENI, and NITDF by 2029, redirecting funds to the Student Loan Fund. Critics warn this will impact educational and scientific infrastructure. The proposed changes face significant opposition across...
Daniel Bwala, President Tinubu's Special Adviser on Policy Communication, defends the proposed tax reform bills, asserting they will benefit the poor in northern Nigeria. Despite opposition from northern governors, Bwala dismisses fears that the reforms will harm the region and suggests...
Governors in Nigeria are softening their opposition to President Tinubu's Tax Reform Bills after clarifications on the proposed VAT distribution model. The new model aims for fairer revenue sharing and economic inclusivity while addressing concerns about multiple taxation and public agency...
The House of Representatives erupted in chaos after Rep. Akin Rotimi's controversial comment endorsing the tax bills sparked opposition from lawmakers. Speaker Tajudeen Abbas intervened, clarifying that the remark was personal. Rotimi retracted the statement and withdrew the report, highlighting...
Bishop Kukah supports Nigeria's controversial tax reform bills, arguing they will curb financial recklessness among the elite. He urges the government to communicate reforms effectively to alleviate poverty and foster development. Kukah calls for better fiscal management, urging swift action to...
Taiwo Oyedele, chairman of the Presidential Fiscal Policy and Tax Reforms Committee, explains that the new tax reform bills aim to foster inclusive growth and ease the burden on low-income earners. The reforms seek to overhaul Nigeria’s outdated tax system, addressing revenue leakages and...
Senator Seriake Dickson confirmed the National Assembly's commitment to passing tax reform bills despite opposition. He emphasized correcting revenue allocation anomalies and urged stakeholders to participate in public hearings. Dickson highlighted the reforms’ potential to ensure fairness and...
The presidency has clarified that the proposed tax reform bills will not harm the northern region or benefit only Lagos and Rivers. Bayo Onanuga emphasized that the reforms aim to improve Nigeria’s economy and quality of life, with no impact on key agencies like TETFund, NASENI, and NITDA.
The...
Peter Obi has called on the federal government to conduct public hearings on proposed tax reform bills. Emphasizing inclusivity and transparency, Obi stressed the importance of public trust and deliberation in policymaking to ensure effective and sustainable tax reforms that benefit all regions...
Northern governors have urged President Tinubu to delay tax reform bills, citing concerns over regional imbalances that favor Lagos and Rivers States. Borno Governor Zulum highlighted the need for deeper consultations, emphasizing the North's support for Tinubu while advocating for equitable...
Atiku Abubakar urges the National Assembly to reconsider the Tax Reform Bills and make public the National Economic Council's resolutions. He calls for transparency, fairness, and inclusivity in the legislative process, ensuring the reforms benefit all Nigerians. The bills have faced significant...
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