…and not those of the majority”. The unions are calling for across-the-board wage raises, tax reforms and better learning conditions for young people and have complained about police restrictions on certain protests. Protesting in the city of Lyon, winegrower Martin Thiberge said he wanted to take part in demonstrations…
…describing the developments as significant milestones in the implementation of Nigeria’s tax reforms. The board congratulated the Delta State Government following the signing of the Delta State Tax Harmonisation Bill into law by Governor Sheriff Oborevwori. It also commended the Ondo State House of Assembly for the suc…
…for Kano, Jigawa and Katsina, disclosed this during a stakeholders' engagement and tax reform sensitisation programme in Kano.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!NRS explains automatic bank debit rulesAbdullahi addressed growing concerns surrounding bank transactions, person…
…including petrol subsidy removal, foreign exchange liberalisation, fiscal restructuring, tax reforms and recapitalisation of the banking sector, represent significant changes to our economic policy framework. “These measures were necessary to address distortions that weakened public finances and constrained the efficie…
…strengthen transparency and policy predictability and expand access to finance. “Our tax reforms seek to build a modern, equitable system that finances development and gives businesses certainty. This discipline must guide our investments in all sectors of the economy, including energy, agriculture and solid minerals.…
…of ordinary Nigerians," Agbese declared. "She knows there is no fuel tax in the tax reform laws, yet she continues to package falsehoods as fact just to frighten the people and position herself as some kind of saviour."He went further, saying: "For her to claim every Nigerian will lose 25 per cent of their earnings is…
…levies and inconsistent enforcement could erode public confidence in Nigeria’s ongoing tax reforms. He urged revenue authorities to protect taxpayers’ rights and ensure the implementation of the new tax laws did not impose unlawful burdens on individuals and businesses. Nwabueze spoke on Friday at a stakeholders’ engag…
…with repayment tied to graduation and subsequent gainful employment. He also pointed to tax reforms designed to support small and medium-sized enterprises, noting that qualifying businesses could benefit from tax relief and exemptions under certain provisions. According to him, such measures could ease the financial bu…
…However, the Presidency has repeatedly dismissed such concerns, insisting that the tax reforms are designed to protect middle- and low-income earners. The APM presidential candidate said his administration in Oyo State had increased the state’s internally generated revenue without raising taxes, adding that his propose…
…by 2035, as established at COP29,” Oyedele said. He also called for international tax reforms to address tax avoidance, profit shifting and illicit financial flows, which reduce the resources available to governments for development. “On international taxation, we called for reforms to address profit shifting, tax avoi…
…less than half its 2024 level. The minister said that on public finances, Fitch expects tax reforms to increase non-oil revenue relative to GDP, while government debt is projected to average 32 per cent of GDP between 2026 and 2028. The projected debt ratio is significantly below the 56 per cent median for countries ra…
…transporting goods and services. Oyedele said the move would be pursued under the 2025 tax reform laws. 5. More direct support for vulnerable Nigerians The government said it would increase cash transfers to vulnerable households as part of efforts to cushion the effect of higher fuel prices. It will also provide subsi…
…closer to communities and responding more directly to their needs. He also said tax reforms were being pursued to make the system fairer, reduce the burden on low-income earners and small businesses, and strengthen enterprise. On education, the Senate President highlighted the Nigerian Education Loan Fund as an interve…
…and that’s exactly what Mr President and council have directed today.” The former tax reform tsar said the Attorney-General of the Federation and his own office had been directed to work with other relevant agencies to address the matter holistically, spanning its administrative, accounting and governance dimensions. H…
…local government autonomy, police reforms, the Nigerian Education Loan Fund (NELFUND), tax reforms, and extensive road infrastructure projects across the country and the Federal Capital Territory. “While these reforms have come with short-term challenges, we believe they are difficult but necessary steps towards a more…
…Annual Conference. The event, themed “Building on the Gains of Recapitalisation, Tax Reform and Fintech Revolution,” will hold at Orchid Hotels, Dreamworld […] The post Bank recapitalisation, tax reform, fintech top agenda as industry leaders gather in Lagos for FICAN conference appeared first on Tribune Online.
…devise strategies to ensure that our debt levels are sustainable.” He noted that recent tax reforms could play a critical role in easing borrowing pressures if properly implemented.
…the sharp increase to the digitisation of the tax system, the enactment of four new tax reform laws, the transformation of the revenue service and an executive order aimed at closing loopholes in the tax system. The NRS, in an internal report on the state of the Nigerian economy obtained by The PUNCH on Sunday, insiste…
As Nigeria advances tax reforms, stakeholders are advocating an independent Tax Ombud, stronger professional collaboration and greater institutional transparency to foster taxpayer confidence, improve compliance and strengthen revenue administration. CHIMA NWOKOJI in this report examines various shades of opinions in t…
…through the Federation Account,” he said. He also defended the administration’s tax reforms, saying they were intended to protect low-income earners and small businesses while improving tax compliance among higher-income individuals and profitable companies. “The objective of the tax reforms is not merely to increase c…
…made by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, saying the claims do not hold up against publicly available data.In a statement released on Sunday, August 2, by his senior special Assistant on public communication, Phrank Shaibu, Atiku took aim at several key arguments Oy…
…and thst the assignment was critical to the successful implementation of the Tax Reform Acts, which came into effect on January 1, 2026. Mr. Raymond Omachi, the Permanent Secretary of the Ministry of Finance was named the Chairman of the committee. The minister described the reforms as the most far-reaching overhaul of…
…enterprises could not access affordable financing. He also reaffirmed MAN’s support for tax reforms that modernise tax administration and improve revenue generation but opposed the retroactive application of the 2025 Nigeria Tax Laws, noting, “Our position remains unchanged. We support reforms that modernise tax admini…
…through industrialisation and value addition; optimising public revenue through tax reforms and simplified compliance; and promoting inclusion through investments in education, vocational training, women, youths, persons living with disabilities, and small businesses.” Oyedele disclosed that the government would begin…
…Financial Shelter in Nigeria’s Changing Tax Landscape”, Olaolu said the 2025 Nigerian tax reforms had reinforced the relevance of cooperative societies by preserving tax exemptions on members’ savings, loans, dividends and surplus funds. According to him, registered cooperative societies remain largely shielded from ag…