President Bola Tinubu has approved the establishment of the National Tax Policy Implementation Committee to oversee the coordinated rollout of the administration’s new tax reforms. This was contained in a statement signed by the President’s aide, Bayo Onanuga, on Friday. The committee will be chaired by Mr Joseph Tegbe, a Fellow of both the Institute…
The Chairman of the Presidential Committee on Tax Reforms, Taiwo Oyedele, has shed more light on how Nigeria’s incoming tax intelligence framework will monitor financial behaviour to identify tax evasion. Speaking on The Micon Podcast, Oyedele explained that the new system will aggregate multiple data points to build a clearer picture of individuals’ financial activities….
The Northern Elders’ Forum (NEF), on Saturday, November 23, reaffirmed its rejection of the Tax Reform Bill. NEF described it as a policy “conceived in bad faith”, adding that it threatens national cohesion. The group criticised the manner of its implementation, alleging that key stakeholders, including members of the National Economic Council (NEC), were sidelined…
Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, says Nigeria’s budget is too small to fund meaningful development. Oyedele spoke on Monday at an interactive session organised by the house of representatives on the tax reform bills The fiscal policy expert said the budgets of African countries like Kenya and…
President Bola Tinubu has kicked against the recommendation of the National Economic Council (NEC) to withdraw the tax reform bills generating controversy. The Northern Governors’ Forum had opposed the bills, saying they were against the interest of the region. After its meeting on Thursday, NEC recommended that the bills should be withdrawn for more consultation….
The National Economic Council (NEC) has recommended the withdrawal of the Tax reforms bill already at the National Assembly. The NEC headed by Vice-President Kashim Shettima has governors as members. Speaking to state House Correspondents after a NEC meeting, on Thursday, Governor Seyi Makinde of Oyo State said following the controversies that arose as a…
The Northern Governors Forum has kicked against the proposed Tax Reform Bill that was forwarded to the National Assembly. It stated that the proposed tax bill is against the interests of the North and other sub-nationals. In a communique read by the chairman of the forum and Governor of Gombe state, Mohammed Yahaya, the governors…
The Federal Government has announced the exemption of 63 items from Value-Added Tax (VAT), as part of its latest fiscal reforms. This was revealed by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, via a post on X (formerly Twitter) on Friday. The exemptions are outlined in the official…