By Jemimah Wellington, JKNewsMedia Correspondent ECONOMIC REFORMS are set to lift Nigeria’s growth rate to 4.4 percent in 2026 and 2027, driven by new tax laws, prudent monetary policies, and other measures, the World Bank (WB) has said. The bank disclosed this projection in its Global Economic Prospect (GEP)report released in January 2026. I...
By Joke Kujenya PLANS TO begin implementation of Nigeria’s new tax laws on January 1, 2026, will proceed as scheduled despite mounting opposition and public debate, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR), Taiwo Oyedele, has said. Oyedele spoke on Friday in Lagos while briefing journalists after a ...
By Jemimah Wellington, JKNewsMedia Correspondent PUBLIC ANXIENTY around Nigeria’s ongoing tax reforms drew a firm rebuttal on Friday as claims that government agencies plan to remove money directly from citizens’ bank accounts were described as false and dangerous. Speaking at a media workshop on the new consolidated tax law, the Chairman of t...
By Joke Kujenya MAJOR CHANGES to Nigeria’s tax structure are expected from January 2026 as the Presidential Committee on Fiscal Policy and Tax Reforms confirmed that about 98 percent of Nigerians would either be exempted from the Pay-As-You-Earn (PAYE) tax or have their rates reduced to the lowest minimum. Chairman of the Committee, Mr. Taiwo...
By Joke Kujenya EFFORTS TO foster credible, fact-based public engagement on Nigeria’s ongoing tax reforms have received a major boost as the Presidential Fiscal Policy and Tax Reforms Committee introduced the Excellence in Tax Reform Reporting Award. Dubbed a new initiative that aims to recognise and reward journalists and digital influencers...
By Jemimah Wellington, JKNewsMedia Correspondent THE MANUFACTURERS Association of Nigeria (MAN) has commended government efforts to modernise tax administration through the enactment of the Nigeria Tax Act 2025, while warning against a proposed introduction of a Tax Stamp System for excisable goods. In a statement signed by its Director Gener...
By Ajibola Olaide, JKNewsMedia Reporter — Zero tax for small businesses maintained, capital gains tax repealed, and FIRS set to become Nigeria Revenue Service THE FEDETRAL GOVERNMENT has retained the company income tax (CIT) at a flat rate of 30 percent for all companies except small businesses, under new provisions of the Nigerian Tax Act [&...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s TAX system has entered a new era following the signing of four major reform bills into law at the Presidential Villa in Abuja. Designed to simplify, unify, and modernise tax administration across the country, the legislation marks a critical shift in fiscal governance. The bills tagged...
By Jemimah Wellington, JKNewsMedia Reporter CONCERNS OVER Nigeria’s proposed tax reform bills have prompted the National Economic Council (NEC) to call for a broader consultation before the legislation moves forward in the National Assembly. The bills, which aim to streamline Nigeria’s complex tax system, were created to improve compliance, re...
By Joke Kujenya FRESH FISCAL Policy unveils sweeping tax reforms as part of extensive measures aimed at overhauling Nigeria’s fiscal landscape, presented by the Presidential Committee through excise modifications. At a workshop in Lagos on Thursday, Committee Chairman Taiwo Oyedele, presented a strategic plan designed to simplify the tax...
