As the National Assembly considers the proposed tax reforms bills, the Citizens Network for Peace and Development in Nigeria (CNPD) has rejected the Nigeria Governors Forum's (NGF) proposed VAT sharing formula, which allocates 50% based on equity, 30% based on derivation, and 20% based on population. CNPD's National Coordinator, Mr Okorie Ikechukwu Raphael, at a…

The presidency on Friday cautioned Gov. Bala Mohammed of Bauchi State over his sustained criticism of the Tax Reform Bills before the National Assembly. Mr Sunday Dare, Special Adviser to the President, Media and Public Communication, in a statement, said attempts to stampede or abort the tax Reform Bills must be regarded as undemocratic and…

The Governor of Bauchi State, Bala Mohammed, has said the Coalition of Northern Groups (CNG) has supported his recent remarks on the "controversial tax reforms and other policies" of the Federal Government. Mohammed said he received the support when the coalition paid him a condolence visit over the loss of his stepmother, Hajiya Hauwa Duguri.…

A former Ogun State Commissioner for Local Government and Chieftaincy Affairs, Jide Ojuko, has said the economic reforms of President Bola Tinubu will help revive the country. Speaking at a press briefing held at the headquarters of Iganmode Club in Ota on its 50th-anniversary celebrations, Ojuko stated that relief will follow the initial challenges presented…

Tax reforms have been in the news as Mr Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms,

Vice President Kashim Shettima has said the ongoing reforms initiated by the administration will create employment opportunities for the youth population and provide greater opportunities in the various sectors of the economy. Shettima underscored the inevitability of skills acquisition among the young demographic in Nigeria, noting that the nation can no longer afford to keep…

In a seemingly desperate move to raise revenue from new sources, the Federal Government has disclosed that it will tax illicit funds brought into the country.

Earlier this year, the Presidential Committee on Tax Reform, chaired by Taiwo Oyedele, proposed four separate bills to modernise the country’s tax system and align it with global best practices.

The controversy surrounding the Tax Reform Bill pending before the National Assembly may not end anytime soon, as House of Representatives member from Kano State, Dr Mustapha Ghali, insists that the country is not ripe for implementation of the new tax administration. 

On Monday night, Nigerians gathered nationwide to watch President Bola Ahmed Tinubu's media chat and listen to him respond to questions on the controversial tax bills, fuel subsidy removal, inflation and others. This media chat was the first of its kind since Tinubu became Nigeria's President in 2023. While addressing journalists in Lagos, he said…

President Bola Tinubu has affirmed that his administration’s tax reforms will remain in place. He made this declaration on Monday night during his first presidential media chat in Lagos State. The tax reform bills, currently under consideration by the National Assembly, have sparked controversy and faced resistance, particularly from Northern leaders, prompting lawmakers to initiate…

The President of the Senate, Senator Godswill Akpabio, has lauded President Bola Tinubu’s groundbreaking tax reform initiatives. Speaking at the presentation of the 2025 Appropriation Bills, Akpabio emphasised that the four key tax reform bills would play a pivotal role in strengthening Nigeria's fiscal structure and driving sustainable economic growth. The tax reforms, which include…