The Federal Government has dismissed a recent report by global consultancy firm KPMG that raised concerns about Nigeria’s tax framework, describing the claims as based on “errors and invalid conclusions.” Government officials said the report does not correctly reflect the intent, structure, or impact of the country’s current tax reforms.

According to the government, the tax laws were designed to improve transparency, widen the tax net, and make the system fairer for businesses and individuals. Officials insist that the reforms are meant to reduce loopholes, strengthen revenue generation, and support long-term economic stability, not to create confusion or discourage investment as the report suggested.

The Ministry of Finance stated that the conclusions drawn by KPMG failed to consider local economic realities and the phased implementation approach being used by the government. Authorities added that consultations were held with stakeholders before the reforms were introduced, and feedback is still being welcomed to fine-tune the process.

The government reaffirmed its commitment to creating a predictable and business-friendly tax environment, assuring investors and citizens that Nigeria remains open for business. It urged analysts and organisations to engage constructively rather than spread what it described as misleading interpretations of national policies.