Abuja, Nigeria | September 16, 2025 Former Speaker of the House of Representatives, Yakubu Dogara, has described President Bola Tinubu’s tax reforms as the most ambitious overhaul of Nigeria’s fiscal framework in decades.Speaking on Tuesday during the maiden Distinguished Parliamentarian Lecture at the National Assembly Complex in Abuja, Dogara urged the government to prioritize transparency
The Federal Government has clarified that the 5% fuel surcharge included in the recently signed Nigeria Tax Administration Act 2025 is not a new tax and will not be automatically implemented in 2026.Finance Minister and Coordinating Minister of the Economy, Wale Edun, explained during a press briefing in Abuja that the surcharge was first introduced
Nigeria’s newly enacted Tax Reform Acts are designed to stimulate investment, enhance revenue generation, and promote equity within the tax system, according to tax policy expert Uzoma Kelechi. Speaking at a virtual capacity-building workshop organised by the Tax Justice and Governance Platform in partnership with the Civil Society Legislative Advocacy Centre, Kelechi described the reforms
Ijagun, Ogun State | August 25, 2025 Acting Chairman of the Federal Character Commission (FCC), Kayode Oladele, on Monday praised President Bola Tinubu’s administration for what he described as significant progress in stabilising Nigeria’s fragile economy. Speaking at the maiden Eminent Personality Forum of the Association of Nigerian University Professional Administrators held at Tai Solarin
In a significant policy announcement aimed at reshaping Nigeria’s fiscal landscape, President Bola Ahmed Tinubu has formally disclosed a newly signed tax reform law expected to take effect from January 2026. The law, according to the President, is designed to ensure fairness in the country’s tax system by shielding low-income earners from excessive financial burdens
News Report – July 23, 2025 Airline operators in Nigeria have warned that passengers should prepare for a hike in ticket prices beginning January 2026, as the federal government rolls out a new tax regime that includes the reinstatement of Value Added Tax (VAT) on air transport services. According to the operators, the proposed fiscal
News Report – July 23, 2025 In a significant shift to revamp its corporate tax landscape, the Federal Government of Nigeria has officially scrapped the controversial Excess Dividend Tax (EDT), marking the end of a longstanding policy that has drawn criticism from businesses and tax professionals for years. The removal of the EDT forms a
Lagos, July 9, 2025 — The Corporate Accountability and Public Participation Africa (CAPPA) has warned that Nigeria is forfeiting more than ₦200 billion each year due to its underwhelming sugary drink tax, emphasizing the urgent need for reform to address health and economic costs. Presenting at a public health symposium in Lagos, CAPPA’s Executive Director, Akinbode Oluwafemi,
Starting from January 2026, all financial institutions operating in Nigeria will be mandated to report customer accounts with monthly transactions of ₦5 million and above to the Federal Inland Revenue Service (FIRS), as part of the Federal Government’s effort to enhance transparency and widen the tax net. This directive, which comes under the evolving tax
Abuja, Nigeria – June 30, 2025 The Federal Government has officially unveiled sweeping tax and Value Added Tax (VAT) reforms, set to take effect in 2026, aimed at reducing the tax burden on low-income earners, increasing transparency in financial transactions, and restructuring VAT distribution across the three tiers of government. The reforms, announced through the
