It’s KPMG’s errors, invalid conclusions – Nigerian govt defends tax laws amid fresh concerns
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 […]
Fire guts FIRS Headquarters ahead of New Tax laws rollout
A fire outbreak has reportedly affected the headquarters of the Federal Inland Revenue Service (FIRS), raising concerns just as Nigeria prepares for the rollout of new tax laws. The incident occurred at the Abuja office complex, drawing the attention of emergency responders and government officials. According to initial reports, firefighters arrived promptly to control the […]
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 […]
My wife held daily vigils for me during tax bill controversy – Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms Taiwo Oyedele
Taiwo Oyedele, who leads the Presidential Committee on Fiscal Policy and Tax Reforms, shared how his family was affected emotionally during the period of backlash over Nigeria’s new tax laws. He said that while the reforms brought challenges, the hardest part for him was seeing how it impacted his wife and family. He spoke about […]
President Tinubu signs four tax reform bills into law
President Bola Tinubu has approved four new tax laws to help bring Nigeria’s tax system together and make it work better. These laws aim to fix the many scattered tax rules across the country. The purpose of the new laws is to stop repeated charges, make the tax system clearer, encourage investors, and ensure that […]
Rent, public transportation, renewable energy will be exempted from VAT – President Tinubu announces 0% VAT for essential goods and services
President Bola Tinubu recently shared some important news about taxes that will make life easier for many Nigerians. He announced that rents, public transportation, and renewable energy will no longer have to pay Value Added Tax (VAT). This means these services will be cheaper for everyone. The President made this announcement during his speech celebrating […]
Full text of President Tinubu’s 2nd year anniversary statement
”Fellow Nigerians, as we mark the second anniversary of our government, I appreciate your strength and fearless spirit. Two years ago, you gave me the important duty to lead our country during tough times. Together, we have faced these difficulties with courage and determination.” ”The economic situation I found when I took office needed a […]
How tax reforms bill will make housing affordable to Nigerians – Presidency
The Nigerian government has shared how the new Tax Reforms Bill will help make housing more affordable for citizens. According to Taiwo Oyedele, who leads the Presidential Fiscal Policy and Tax Reforms team, the bill will reduce taxes on the building and real estate sectors. He explained this during a construction industry forum in Abuja. […]
Tinubu Submits Four Tax Reform Bills to House of Representatives
President Bola Tinubu has introduced four new tax reform bills to Nigeria’s House of Representatives, requesting their speedy approval. The President’s message, delivered by Speaker Abbas Tajudeen during a plenary session on Thursday, highlighted that the bills were developed in line with his administration’s goals of improving Nigeria’s financial systems. The first of the proposed […]