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
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
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
