tax reforms

  1. Reuben Abati Reveals No Pre-Submitted Questions in President Tinubu’s Media Chat

    Nigeria Reuben Abati Reveals No Pre-Submitted Questions in President Tinubu’s Media Chat

    Reuben Abati, who moderated President Bola Tinubu’s recent media chat, revealed no questions were pre-submitted or vetted. The President discussed key national issues, including fuel subsidy removal, tax reforms, and cabinet changes, expressing confidence in his administration's future despite...
  2. Akpabio Commends Tinubu’s Tax Reforms, Vows National Assembly Support

    Nigeria Akpabio Commends Tinubu’s Tax Reforms, Vows National Assembly Support

    Senate President Godswill Akpabio commended President Tinubu's groundbreaking tax reforms while promising National Assembly support for their passage. He highlighted significant achievements, including revenue growth, infrastructure development, and security improvements. Akpabio urged ministers...
  3. Sanwo-Olu Clarifies Misconceptions on Lagos' Role in Tax Reforms

    Nigeria Sanwo-Olu Clarifies Misconceptions on Lagos' Role in Tax Reforms

    Lagos Governor Babajide Sanwo-Olu refutes claims that Lagos will benefit the most from proposed tax reforms. He stresses the need for a collective effort to ensure the reforms unlock opportunities for all states, addressing misconceptions and emphasizing the urgency to improve Nigeria's low...
  4. Opposition Forces Suspension of Tax Reforms Debate in Nigeria’s House of Representatives

    Nigeria Opposition Forces Suspension of Tax Reforms Debate in Nigeria’s House of Representatives

    The Nigerian House of Representatives has indefinitely suspended the debate on the controversial Tax Reforms Bills after intense opposition from lawmakers and governors, particularly from the northern states. Concerns about regional disparities and the potential negative impact on northern...
  5. Tinubu’s Tax Reforms Bills: Key Facts Every Nigerian Should Know

    Nigeria Tinubu’s Tax Reforms Bills: Key Facts Every Nigerian Should Know

    President Bola Ahmed Tinubu's administration is pushing forward transformative tax reforms designed to reshape Nigeria’s fiscal structure. Following the Senate's approval of the second reading for four major tax reform bills, the nation is poised for significant changes. Here are 10 critical...
  6. Rowdy Scenes as Senators Clash Over Tinubu’s Tax Reform Bill

    Nigeria Rowdy Scenes as Senators Clash Over Tinubu’s Tax Reform Bill

    A heated debate erupted in the Nigerian Senate as the controversial Tax Reform Bill was discussed without prior inclusion on the Order Paper. Senator Ndume challenged procedural lapses, sparking a shouting match. Despite objections, the FIRS chairman addressed the chamber, highlighting divisions...
  7. Taiwo Oyedele Advocates for Fair VAT Distribution Amid Northern Governors' Opposition

    Nigeria Taiwo Oyedele Advocates for Fair VAT Distribution Amid Northern Governors' Opposition

    Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy, responded to Northern Governors' opposition to the proposed derivation model for VAT distribution. He argued for a fairer system that considers the location of consumption, emphasizing the need for equitable revenue sharing...
  8. FG Eyes VAT Hike to 10% as Part of Major Tax Reforms

    Nigeria FG Eyes VAT Hike to 10% as Part of Major Tax Reforms

    The Nigerian government plans to increase value-added tax (VAT) from 7.5% to 10%, as revealed by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. The proposal aims to enhance tax revenue while concurrently reducing personal income tax for low earners and...
  9. Tax Relief for Small Businesses as Nigeria Overhauls Withholding Tax System

    Nigeria Tax Relief for Small Businesses as Nigeria Overhauls Withholding Tax System

    Nigeria introduces sweeping tax reforms exempting small businesses, manufacturers, and farmers from withholding tax to alleviate financial strain. The changes also include reduced rates for low-margin businesses and measures to curb tax evasion. The Federal Government has announced significant...
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