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BREAKING: Tax reform here to stay — Tinubu

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NAIJA NEWS: BREAKING: Tax reform here to stay — Tinubu [New Naija News] » Naijacrawl
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President Bola Ahmed Tinubu has reaffirmed his unwavering commitment to implementing the controversial tax reform bills, despite significant pushback from various quarters, particularly Northern leaders.



Critics argue the reforms could worsen economic challenges in the region.

Speaking during a presidential media chat in Lagos, Tinubu made it clear that the reforms are here to stay, describing them as a crucial step to enhance economic stability.

“The tax reform is not just necessary; it is pro-poor and designed to expand the tax net, ensuring more people contribute their fair share,” Tinubu stated. “A true leader acts decisively and at the right time, no matter the resistance.”

The president’s remarks highlight his resolve to prioritize economic policies he believes will benefit the nation in the long run, even amidst widespread controversy.

Stay tuned as this debate over Nigeria’s tax reforms continues to evolve.

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Ojo Sunday Victor is a graduate of Ladoke Akintola University of Technology, Ogbomoso, where he earned a Bachelor's degree in Accounting (B.Sc). He is a versatile professional with expertise in content writing, specializing i... Read More

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Naija News

Nigerians will pay more tax - Tinubu's Aide

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NAIJA NEWS: Nigerians will pay more tax - Tinubu's Aide [New Naija News] » Naijacrawl
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In a development that does not sit well with many Nigerians, the Chairman of Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said the Committee is coming up with reforms to ensure that Nigerians who are supposed to pay tax fulfill that obligation as the tax gap stands at about 75 per cent.He also stated that the government was working to ensure that personal income tax reduces for Nigerians earning below N1.5million monthly after the Econ...
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Naija News

FG mulls review of N6trn annual tax waivers to increase revenue

Victorious

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NAIJA NEWS: FG mulls review of N6trn annual tax waivers to increase revenue [New Naija News] » Naijacrawl
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The federal government would review its tax waivers, which totaled N6 trillion, according to Taiwo Oyedele, the Chairman of the Presidential Tax Reform Committee.When Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, unveiled the eight-point agenda of the Bola Ahmed Tinubu-led government's rekindled hopes on Friday in Abuja, Oyedele revealed this.According to him, the move aligns with the committee’s mandate to revamp Nigeria’s tax sector...
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Naija News

Details of Nigeria’s new tax laws on vehicles, alcohol, telecommunication

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NAIJA NEWS: Details of Nigeria’s new tax laws on vehicles, alcohol, telecommunication [New Naija News] » Naijacrawl
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Tax expert Taiwo Oyedele has described the new tax laws in Nigeria as President Muhammadu Buhari’s “parting tax gift” to the people.Oyedele is the Fiscal Policy Partner and Africa Tax Leader at PricewaterhouseCoopers (PWC).The federal government recently introduced new Fiscal Policy Measures (FPM) via a circular signed by the Minister of Finance, Budget, and National Planning, Zainab Usman.In an analysis on Twitter, Oyedele gave a breakdown of the new laws and the h...
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