Abuja, Nigeria – June 27, 2025 — Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has issued a clarification regarding recent public discourse on Nigeria’s new tax exemption threshold. In a statement released on Thursday, Oyedele addressed what he described as a misinterpretation of his earlier comments, noting that the
Lagos, Nigeria – June 2025Billionaire businessman and Chairman of Geregu Power Plc, Femi Otedola, has lauded the Federal Government’s recent tax reform initiatives, describing them as a major step toward improving Nigeria’s business climate and attracting long-term investments. Reacting to the signing of the new tax laws by President Bola Ahmed Tinubu, Otedola stated that
Abuja, Nigeria – June 27, 2025 —Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has expressed a deep sense of fulfilment following President Bola Ahmed Tinubu’s recent signing into law of four key tax reform bills, which he described as a major turning point in Nigeria’s economic policy framework.
ABUJA – In a massive move that rewrites Nigeria’s money rules, President Tinubu yesterday signed four major tax reform bills into law. Forget dry policy talk; this shake-up aims to hit the streets, affecting everyday Nigerians hustling to earn, save, or grow their businesses. Here’s the breakdown: 1. SMALL BUSINESSES CATCH A BREAK!Listen up, traders,
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has announced that Nigerian households earning ₦250,000 or less on a monthly basis will be exempted from paying personal income tax, in what he described as a major step towards easing the financial pressure on low-income earners across the country. Speaking
Let’s be honest, talk about “tax reform” usually sounds like a headache waiting to happen, full of complicated terms that don’t seem to apply to everyday life. However, the government has introduced new changes that are actually designed to directly impact you, and it’s important to understand them in simple terms. This is a straightforward
ABUJA, NIGERIA — June 26, 2025 President Bola Ahmed Tinubu is expected to sign into law four transformative tax reform bills today, Thursday, at the Presidential Villa in Abuja, marking a significant milestone in Nigeria’s ongoing drive to modernise its revenue system and improve the ease of doing business. According to a statement released by
Abuja, June 18, 2025 – The Federation Account Allocation Committee has disclosed the disbursement of a total sum of ₦1.659 trillion to the three tiers of government for the month of May 2025, reflecting a marginal decrease from the ₦1.681 trillion shared in April. Despite the slight decline in overall allocation, Value Added Tax (VAT)
Abuja, June 19, 2025 – Nigeria is set to usher in a new era of fiscal policy as a comprehensive tax regime, anchored on a series of Tax Reform Bills recently passed by the National Assembly, awaits final approval from the Presidency. If signed into law, the new framework will come into force in January
The National Assembly has officially transmitted a set of tax reform bills to President Bola Ahmed Tinubu for his assent, marking a significant step in the administration’s drive to overhaul Nigeria’s tax system. The proposed legislation seeks to amend several key tax laws, including the Companies Income Tax Act, the Value Added Tax Act, and
