Minister of Foreign Affairs Yusuf Tuggar claims Governor Bala Mohammed is using his criticism of President Tinubu’s tax reforms to advance his 2027 presidential ambitions. Tuggar accuses Mohammed of lacking sincerity and using the platform to launch his campaign. The controversy highlights...
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy, urges Nigerians to stop saying "May Nigeria never happen to you," suggesting instead, "May Nigeria work for me." He believes the worst economic challenges are behind us, highlighting the positive impact of recent reforms...
Nigeria receives a $1.5 billion loan from the World Bank to support fuel subsidy removal and tax reforms. The loan, disbursed in two tranches, strengthens the government's economic stabilization efforts. It follows a series of reforms, including deregulating the fuel market and submitting a tax...
Doyin Okupe has called opponents of Nigeria's tax reform bills enemies of the country, emphasizing that the reforms are pro-poor and aim to reduce corruption. He urges the swift passage of the bills, which seek to make tax systems more equitable and sustainable.
Doyin Okupe, a former...
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...
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...
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...
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...
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...
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...
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...
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...
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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