NRS Academy inaugurates curriculum review committee on national tax education reform
The Nigeria Revenue Service has launched a Curriculum Review Committee through the NRS Academy to improve taxation education in Nigerian institutions. The committee was inaugurated on February 24, 2026, at the academy in Durumi to support a more modern tax administration system. Speaking during the inauguration, the Director of the academy, Adeolu Akinyemi, said the […]
Geopolitical Zones‘ Contribution To VAT Pool & Received Without Lagos & Rivers
Data from 2025 shows a clear picture of how Nigeria’s six geopolitical zones contributed to the Value Added Tax (VAT) pool and what they received back—after removing Lagos and Rivers from the calculation. The figures highlight wide differences between what regions generated and what they eventually got through federal allocation. This has again brought the […]
Everybody must file tax returns by March 31 – Nigerian govt
The Federal Government has reminded Nigerians that filing annual tax returns is compulsory for everyone, with a firm deadline of March 31. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, stressed that both individuals and employers must comply with the law, regardless of income level or employment status. Oyedele […]
Mahdi Shehu goes hard on new tax law
Mahdi Shehu, a well-known public affairs analyst, has strongly criticised Nigeria’s newly introduced tax law, describing it as harmful to ordinary citizens and small businesses. According to him, the law places more financial pressure on people who are already struggling with the high cost of living. Shehu warned that poorly designed tax policies could worsen […]
Nigerian Senate passes 2026–2028 MTEF
The Nigerian Senate has approved the Medium-Term Expenditure Framework (MTEF) covering the 2026 to 2028 fiscal years. The MTEF serves as a key planning document that guides government spending, revenue targets, and borrowing plans over a three-year period. Lawmakers passed the framework after reviewing reports from relevant committees. During the debate, senators highlighted the importance […]
Borrow responsibly – Debt Management Office instructs states
The Debt Management Office (DMO) has urged Nigerian states to borrow responsibly and ensure that loans are tied to clear development goals. The agency warned that unchecked borrowing could put pressure on state finances and limit the ability to fund essential services. According to the DMO, loans should only be taken when absolutely necessary and […]
Food prices remain high despite fourth inflation decline – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern that food prices in Nigeria remain high even though inflation has dropped again. Figures from the National Bureau of Statistics show that headline inflation fell to 21.88 percent in July 2025, compared to 22.22 percent in June. This is the fourth straight decline, […]
NEITI Endorses 2024 Tax Reform Bill, Says It’ll Modernize Nigeria’s Tax System
The Nigeria Extractive Industries Transparency Initiative (NEITI) has officially endorsed the 2024 Tax Reform Bill, which is currently being reviewed by the National Assembly. This endorsement is a key milestone in Nigeria’s journey to improve its tax system and fiscal policies. NEITI shared its views in a memorandum signed by its Executive Secretary, Dr. Ogbonnaya […]
Tinubu’s team uncoordinated, suffering economic illiteracy – Ex-presidential candidate, Adebayo
Prince Adewole Adebayo, former presidential candidate of the Social Democratic Party (SDP), has strongly criticized President Bola Tinubu’s economic team, calling it uncoordinated and lacking economic understanding. In a recent interview, Adebayo expressed concerns over the country’s current economic direction and pointed out key mistakes made by the administration. Adebayo took issue with the Finance […]
Senate Forms Committee to Review Tax Reform Bills
The Nigerian Senate has created a committee to review tax reform bills sent by President Bola Ahmed Tinubu. Senator Abba Moro (PDP, Benue South) leads the team, which is expected to identify and resolve issues within the proposed reforms before public hearings are held. During the plenary session on Wednesday, Deputy Senate President Barau I […]