In September 2024, optimism surged when Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, announced plans to eliminate Value Added Tax (VAT) on public transportation. The news was widely welcomed—not only by everyday commuters, but also by advocates of tax justice and economic equity. The proposed VAT exemptions were expansive, covering […]

In a strategic move to enhance financial standards and deepen sector-specific expertise within Nigeria’s evolving aviation industry, the Institute of Chartered Accountants of Nigeria (ICAN) has officially inaugurated its specialized Aviation Chapter. This newly established platform is designed to unite ICAN members with experience and interest in aviation finance, creating a dynamic space for professional

The Federal Inland Revenue Service (FIRS) has rolled out an ambitious recruitment initiative aimed at boosting its in-house workforce to 80% by the end of the current administration. This strategic move is designed to reduce dependence on external consultants and foster a more capable, self-reliant institution. A Key Pillar of the 2025 Strategic Roadmap This

Finance Minister Enoch Godongwana has defended the government’s decision to raise the Value Added Tax (VAT) rate by 0.5%, arguing that delaying or suspending the increase would have “severe and far-reaching” consequences for South Africa’s economy. In an affidavit submitted to the Western Cape Division of the High Court, Godongwana responded to legal challenges from