President Bola Tinubu is focused on going through with the tax reform bills despite a barrage of criticism from the public, especially, from the North. Tinubu also turned down the advice of the National Economic Council (NEC) to withdraw the tax reform bills with the president optimistic that they would be successful. With the bills…

Despite sectional misgivings, the deepening of ethnic fault lines, and widespread mistrust in his reforms, Nigeria’s President Bola Tinubu’s push for a new tax regime may provide lifelines to businesses in the country’s north, according to a new report. Officials have argued that Nigeria’s tax system needs to be reformed, asserting that it has, over…

The Colleges of Education Academic Staff Union (COEASU) has cautioned the Federal Government against implementing the tax reforms, saying it is aimed at phasing out the funding of the Tertiary Education Trust Fund (TETFund).

The Southern Caucus of the House of Representatives yesterday dismissed claims of a rift between southern and northern lawmakers over the contentious tax reform bills proposed by President Bola Ahmed Tinubu’s administration.

Lanre Issa-Onilu, the Director-General, National Orientation Agency (NOA), says the proposed tax reform bill will bring progress and yield positive results to Nigerians. He stated this at the inauguration of a nationwide sensitisation campaign on five critical national issues, on Thursday in Gombe. The campaign, themed: “Promoting Awareness, Ethical Values and National Development,” is designed…

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has stressed the urgency of passing the Tax Reforms Bills, stating that they are crucial to addressing the struggles faced by most Nigerians. In an interview with Arise News on Wednesday, Oyedele responded to concerns raised by Borno State Governor, Professor Babagana…

Former Minister of Communications and Digital Economy, Isa Ali Ibrahim Pantami, has called on the National Assembly (NASS) to suspend legislative action on the 2024 Nigeria Tax Administration Bill. Pantami said that several sections of the bill make him uncomfortable, primarily because they lack clear definitions, conflict with the constitution, and have potential for regulatory…

The federal government has been accused of mismanaging over 60 taxes and levies collected across the country. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, made these allegations during a Senate plenary session on Wednesday. Oyedele claimed that despite collecting over 60 taxes and levies, the government has little…

The Northern Elders' Forum (NEF) on Saturday reaffirmed its rejection of the Tax Reform Bill, describing it as a policy “conceived in bad faith” and warning that it threatens national cohesion. The group criticised the manner of its implementation, alleging that key stakeholders, including members of the National Economic Council, were sidelined during the process.…

With a total of N668.291 billion collected in October 2024 as value-added tax (VAT), as against the N583.675 billion collected in September, the revenue available for sharing to the three tiers of government in October rose to N1.411 trillion. This amount is higher than the N1.298 trillion that was shared in September by N113 billion.…

As the National Assembly considers the proposed Tax Reform Bills, the Parliamentary Monitoring Group (PMG) says that President Bola Ahmed Tinubu means well for all segments of the country with the initiative. PMG, led by Dr. Adebayor Lion Ogorry, in a statement, called on both chambers of the National Assembly to give the Tax Reform…

Chairman, House of Representatives Committee on Downstream Petroleum, Hon. Ado Alhassan Doguwa, has said the National Assembly would not hastily pass the Federal Government's tax reform bill. Doguwa stated that while many believe in the ingenuity of President Tinubu's Tax Reforms for the good of Nigerians, there is a need to critically evaluate public concerns…