Tax reform
2 days ago
Bauchi State governor, Bala Mohammed, on Thursday, said President Bola Tinubu's tax policies is “anti-northern” Nigerian and threatened that the region would show its "true colours." According to him, the Tax Reforms Bills are aimed at favouring just a section of the country and shortchanging northern Nigeria, threatening that "we would show our true colour,…
4 days ago
A political science scholar at the Lead City University, Ibadan, Prof. Akeem Amodu, on Tuesday, lauded President Bola Tinubu for standing firm on his tax reforms. Amodu was reacting to the media chat where Tinubu said there was no going back on tax reforms. The professor said the elimination of fuel subsidies had freed up…
10 Dec
The Students’ Wing of the Coalition of Northern Groups (CNG-SW) on Tuesday commenced protests against the proposed Tax Reform Bill by the Federal Government, describing it as a significant threat to education and development in Northern Nigeria. They also highlighted the adverse impact on organisations like the Tertiary Education Trust Fund (TETFund) and the National…
8 Dec
Taxation has long been a sensitive issue in Nigeria. With a system that’s often criticised as complex, inefficient, and inequitable and has left many citizens feeling burdened and frustrated. Widespread tax evasion, poor compliance, and a general lack of trust in the system have only deepened the divide between the government and the people. But…
7 Dec
Amidst the controversy surrounding the tax reform bills before the National Assembly, the National Orientation Agency (NOA) has said, the bills are meant to entrench fairness, equity and justice in the tax regime of the country. NOA also said the reforms would entrench fiscal federalism in the country. NOA Director General, Mallam Lanre Issa-Onilu, stated…
7 Dec
The Minister of Information and Orientation, Mohammed Idris, and former lawmaker, Senator Shehu Sani, have urged Northerners to support the Tax Reform Bills before the National Assembly, stressing their potential to boost the economy of the North and Nigeria as a whole. Minister Idris stated that the nation's tax administration system was long overdue for…
7 Dec
The Federal Government has said that despite its eagerness to fundamentally reform Nigeria’s governance and fiscal systems, the President Bola Ahmed Tinubu administration will never do anything to undermine the ideals of participatory democracy. The Minister of Information and National Orientation, Mohammed Idris, made this known at a national discourse on tax reform held in…
6 Dec
The National Orientation Agency (NOA) has urged Nigerians to shun the get-rich-quick syndrome, which is fast eroding the moral fabric of the society. The agency further urged Nigerians to reject shortcuts to wealth and embrace integrity, hard work, and the opportunities provided through government initiatives to make life better for the citizens. Director General of…
5 Dec
The Senate appeared to have succumbed to a tsunami of pressure yesterday as it suspended further action on President Bola Tinubu’s controversial Tax Reform Bills. The decision followed widespread public backlash and strong opposition from northern governors, who described the proposals as “anti-democratic.” Deputy Senate President Jibrin Barau announced the resolution during plenary, stating that…
4 Dec
Respected Niger Delta leader and former National Head of Surveillance, Independent Petroleum Marketers Association of Nigeria (IPMAN), Prince Emmanuel Botu, also known as Olotu, has thrown his weight behind the tax reform bills currently before the National Assembly. Botu believes the proposed tax reforms are a forward-thinking move to modernize Nigeria's fiscal framework, which would…
3 Dec
The new Nigeria Tax Reform Bills before the National Assembly will repeal over 50 taxes that constitute nuisance to Nigerian taxpayers. Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, stated this in his post on his X handle on Tuesday. The new tax bills have generated a lot of controversy…
3 Dec
The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified a post challenging a proposed increase in the rate of Value Added Tax (VAT) which he shared on X in 2019. In the post, Oyedele said VAT rate increase will lead to higher inflation, interest rate hike, and more unemployment, adding…