Tinubu met what can be described as a foamy economy – Akpabio
Senate President Godswill Akpabio has said that Bola Ahmed Tinubu inherited what he described as a “foamy economy” when he assumed office in 2023. Akpabio made the remark in Abuja during the inauguration of a committee for the ruling All Progressives Congress. According to Akpabio, the current administration met serious economic challenges and had to […]
Tax law: Insisting on Jan 1 implementation insult to Nigerians, rule of law – Adeyanju to Tinubu
Human rights activist, Deji Adeyanju, has criticised the Federal Government for insisting on implementing the new tax law from January 1. He described the decision as disrespectful to Nigerians and a violation of the rule of law, especially as the law is still being debated and challenged in some quarters. Adeyanju said that forcing the […]
Tax law rollout: Nigerians should exercise caution – Budget Office
The Budget Office of the Federation has advised Nigerians to be careful as the new tax laws begin to take effect across the country. The office said while the reforms are meant to improve revenue and strengthen the economy, people and businesses should take time to understand how the changes affect them before making financial […]
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 […]
Finance ministry defends Tinubu’s $21.5bn borrowing request, says it won’t lead to automatic debt increase
The Nigerian Finance Ministry has said that President Bola Tinubu’s recent plan to borrow $21.5 billion from outside the country does not mean Nigeria’s debt will automatically go up. On May 27, President Tinubu asked the National Assembly for permission to borrow $21.5 billion. He also requested to issue government bonds worth about N758 billion. […]
Ndume Questions the Urgency to Pass Tax Reform Bills
Senator Ali Ndume has raised serious concerns about the rush to pass the tax reform bills currently being debated in Nigeria’s National Assembly. He believes the process is too hasty and lacks proper consultation, raising suspicions about the intentions behind the push. The bills, sent to the National Assembly by President Bola Tinubu on October […]
Northern Nigerian Governors Oppose Tinubu’s Tax Reform Bill
Recently, northern Nigerian governors raised concerns over a new tax reform bill sent to the National Assembly by President Bola Tinubu’s administration. The governors, led by Muhammadu Inuwa, Gombe State Governor and Chairman of the Northern Governors’ Forum, released a statement on Monday rejecting specific changes proposed in the bill. The tax reform bill, submitted […]