…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.…

…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…

…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…

…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…

…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.

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…

…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…

…the removal of petrol subsidy, exchange rate liberalisation, tighter monetary policy and tax reforms. According to the Bank, the reforms have begun to improve macroeconomic indicators. Economic growth increased from 3.5 per cent in the first half of 2024 to 3.9 per cent during the corresponding period of 2025, foreign…

…introduced through the Kwara State Internal Revenue Service, is part of broader tax reforms aimed at improving revenue collection, eliminating multiple levies and making it easier to do business in the state. In a statement issued on Tuesday, the Executive Chairman of KW-IRS, Shade Omoniyi, announced that the digital p…

…including the removal of petrol subsidies, exchange rate unification and comprehensive tax reforms, noting that the next phase was ensuring that Nigerians experienced their benefits. “We want to move from reform to results,” he said. The minister acknowledged that the reforms had imposed immediate costs on households,…

…The FOOG Director-General also commended intervention programmes for small businesses, tax reforms and social investment initiatives aimed at cushioning the effects of economic reforms on vulnerable Nigerians. She maintained that President Tinubu’s experience and leadership had enabled him to take difficult but necessa…

…housing delivery requires sound fiscal policies, innovative financing mechanisms, tax reforms and a conducive investment environment. "The housing sector remains one of the strongest drivers of economic growth. It has the capacity to stimulate manufacturing, create millions of jobs, deepen financial inclusion and attra…