30 results
- 1 Oct 2024
Withholding Tax Regulations Gazetted, to be Published Today – Oyedele
Taiwo Oyedele, chairman of the Presidential Taskforce on Fiscal Policy and Tax Reforms Committee, on Tuesday disclosed that the Withholding Tax Regulations 2024 has been gazetted. Taiwo Oyedele,…
- 28 Jan 2024
Oyedele Makes a U-Turn, Says FG Not Recruiting ‘Area Boys’ to Collect Taxes
Taiwo Oyedele, chairman, Presidential Committee on Fiscal Policy and Tax Reforms, has said the Federal Government is not recruiting ‘area boys’ to collect taxes. Taiwo Oyedele, chairman, Presidential…
- 5 Jul 2026
FG Denies N8 Trillion ‘Shadow Budget’, Says IMF Quoted out of Context
Taiwo Oyedele, minister of Finance and Coordinating minister of the Economy, has said there are no secret expenditures or shadow budgets as insinuated. Taiwo Oyedele, minister of Finance and…
- 15 Feb 2026
No VAT on Land, Buildings and Rent Under New Tax Law — Oyedele
Taiwo Oyedele, chairman of the Presidential Fiscal Policy and Tax Reforms Committee, says land, buildings and rent are now fully exempted from Value Added Tax under the Nigeria Tax Act 2025. He…
- 26 Jun 2025
Households Earning ₦250,000 Or Less Monthly Won’t Pay Tax – Oyedele
Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has said that under the new tax laws, Nigerian households earning ₦250,000 or less per month are classified as…
- 2 Nov 2021
Nigerians Pay One of Highest Tax Rates Worldwide – Oyedele
Taiwo Oyedele, fiscal policy partner and Africa tax leader at PwC, has said that Nigerians pay one of the highest tax rates in the world although the government only gets a fraction of it. This is…
- 6 Nov 2025
Tax Ombudsman is to Protect Businesses from Harassment—Oyedele
Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has said that the creation of a new office of the Tax Ombudsman (OTO) is to protect businesses from harassment.…
- 23 Dec 2025
Oyedele Dismisses Claims Bank Accounts Without TIN Will Be Frozen
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has dismissed reports that bank accounts not linked to a Tax Identification Number (TIN) will be frozen or…
- 12 Apr 2026
Finance Minister Did not Admit Errors in New Tax Laws – PFPTRC
Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC) has dismissed reports claiming that Taiwo Oyedele, minister of State for Finance, admitted errors in Nigeria’s new tax laws. Taiwo…
- 22 Dec 2025
Oyedele Warns Delay in Tax Reforms Will Keep 98% of Workers Overtaxed
Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has cautioned that failure to implement Nigeria’s new tax laws by January 1, 2026, would leave the vast majority…
- 3 Dec 2024
Oyedele: Majority of Nigerians Approve Tinubu's Tax Reform Bills
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR), says that 90% of Nigerians support the tax reform bills introduced by the Tinubu administration.…
- 22 Jul 2026
FG Says Rumours, Fear, Can Crash Banks
Mr Taiwo Oyedele, minister of Finance and Coordinating Minister of the Economy, has warned that fear, rumours and misinformation could trigger instability in the banking sector if not properly…
- 25 Jun 2026
FG Proposes Africa-Wide Payment Card without Conversion through US Dollar
Taiwo Oyedele, minister of Finance and coordinating minister of the Economy, has said that Africa’s payment ecosystem should move beyond traditional systems that rely on third-party currencies for…
- 18 May 2026
FG Unveils Free Tax Dispute Resolution Platforms for Nigerians
Federal Government on Monday unveiled digital platforms under the Office of the Tax Ombud, enabling Nigerian taxpayers to resolve tax-related disputes free of charge as part of efforts to improve…
- 15 Jan 2026
FG Halts Tax Guidelines Amid Uncertainty Over Final Laws – Oyedele
Federal Government has suspended the issuance of implementation guidelines for the new tax laws due to lingering doubts about their final version, Taiwo Oyedele, Chairman of the Presidential Tax…
- 21 Jun 2026
FG Moves to End Double Taxation
Federal government has started new efforts to improve tax collection in the Federal Capital Territory (FCT) and stop the problem of multiple taxation. Mr. Taiwo Oyedele, minister of Finance and…
- 17 Dec 2024
MTN is Largest Contributor to VAT Pool, Pays N200Bn Monthly—PFPTRC
Taiwo Oyedele, chairman, Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC) has disclosed that MTN Nigeria contributes over N200 billion in Value Added Tax (VAT) monthly, making it the…
- 1 Jan 2025
90 Percent of Workers to Pay Lower Taxes in Tax Reforms- PACFTR
Taiwo Oyedele, chairman, Presidential Advisory Committee on Fiscal Policy and Tax Reform (PACFTR) has said that contrary to speculations, individuals earning about N1.7 million or less per month will…
- 3 Sept 2024
Tinubu’s Tax Comittee Mulls Hike in VAT by 2.5 Percent
Tinubu’s Tax Comittee Mulls Hike in VAT by 2.5 PercentThe Presidential Fiscal Policy and Tax Reforms Committee, chaired by Taiwo Oyedele, has announced plans to propose a law to the National Assembly…
- 9 May 2024
Presidential Committee Recommends another Hike in VAT
Presidential Committee on Fiscal Policy and Tax Reforms has recommended an upward review of the Value Added Tax (VAT) from the present 7.5 per cent. Taiwo Oyedele, chairman of the committee, also…
- 17 Nov 2025
FG Lists Bank Charges Nigerians Will Stop Paying from January 2026
Nigerians won’t have to worry about the payment of five common bank charges again, as from January 2026, when the new tax laws come into effect. This was made known by Taiwo Oyedele, chairman of the…
- 22 Oct 2024
Google, CEOs, and Government Leaders Commit to Driving Nigeria's Digital Economy @NES30
To advance Nigeria's digital economy and support businesses facing economic headwinds, Google brought together top CEOs, government officials, and industry leaders at the 30th Nigerian Economic…
- 4 Feb 2018
FG, Foreign Countries Share Data On Overseas Bank Accounts
The Federal Government of Nigeria and some foreign countries, including the United Kingdom Government, have commenced the Automatic Exchange of Tax Information (AETI), particularly on overseas assets…
- 12 Jun 2026
UK, Nigeria Launch £15m Growth Programme to Accelerate Economic Transformation
The UK Minister for Africa and International Development, Baroness Jenny Chapman, has concluded a two-day visit to Nigeria, during which she announced a new £15 million Growth Programme, deepened…
- 26 Oct 2023
FG May Allow Fintechs Participate in Forex Trading
Federal government is reportedly considering opening up the official foreign exchange market to fintech firms such as Opay, PalmPay, PiggyVest and others. The fintech firms will be allowed as…
- 9 Sept 2024
VAT Not Raised To 10 Percent Says Edun, Finance Minister
Wale Edun, minister of Finance and Coordinating Minister of the Economy has debunked reports making the rounds that the rate for Value-Added Tax (VAT) has been increased from 7.5% to 10%. Wale Edun…
- 30 Jun 2026
Debt Alert: FG Opens $5bn Foreign Facility, Takes $1.5bn First Tranche
Federal Government has confirmed that it has accessed the first $1.5 billion from its $5 billion financing facility with First Abu Dhabi Bank (FAB), marking the initial drawdown from the arrangement.…
- 11 Jan 2026
Tax Reforms Panel Rejects KPMG’s Critique of New Laws
Presidential Fiscal Policy and Tax Reforms Committee has dismissed key elements of KPMG’s recent analysis of Nigeria’s new tax laws, accusing the firm of misunderstanding policy intent and framing…
- 23 Sept 2024
FEC Approves Bill to Amendment Company Income Tax
Federal executive committee (FEC) has approved the economic stabilisation bill seeking amendment of tax policies, according to Wale Edun, minister of finance and coordinating minister of the economy.…
- 7 Jun 2026
FG’s Debt Repayment Exceeds Budget by N1.9tn as Revenue Falls Short
Federal Government’s debt repayment obligations exceeded the 2025 amended budget allocation by N1.90 trillion in the first nine months of the year, according to the latest Budget Implementation…