Development expert, Michael Ale, has emphasized the need for Nigerians to prioritize tax compliance as a vital solution to the country’s persistent challenges, including underdeveloped social infrastructure, economic stagnation, and lack of meaningful development. In a Democracy Day statement released to journalists in Ado-Ekiti on Thursday, Ale urged citizens to recognize the importance of paying […]

The Federal Inland Revenue Service (FIRS) has introduced a new standardized tax Standard Operating Procedure (SOP), aimed at enhancing clarity, consistency, and transparency in Nigeria’s tax administration. This initiative forms part of a wider national tax reform agenda designed to streamline operations and improve public trust in the revenue system. Covering more than 300 FIRS

The federal government is poised to forfeit $10 million from a $103 million World Bank loan under the Fiscal Governance and Institutions Project (FGIP), following inadequate audits, missed deadlines, and unmet reform targets. Although there have been some improvements in revenue generation and data transparency, key milestones remain unachieved as the June 30 deadline approaches.