The Chairman of the Nigeria Economic Summit Group (NESG), Mr. Niyi Yusuf, and the CEO of Emerging Africa Capital, Mrs. Toyin Sanni, have urged the federal government to curb its borrowing and enhance tax collection efforts. They made these remarks during the Vanguard Economic Discourse held yesterday, where key stakeholders gathered to deliberate on the […]

The National Assembly is poised to pass the long-anticipated harmonised tax reform bills, with a final decision expected by Tuesday, following the resolution of all previously disputed provisions. This legislative breakthrough represents a major advancement in the Federal Government’s drive to modernise Nigeria’s tax regime and align it with global standards. Hon. James Faleke, Chairman

The Chairman of the Joint Tax Board (JTB), Dr. Zacch Adedeji, has called on board officials to organise traders and artisans into formal groups before integrating them into the tax system. Dr. Adedeji, who also chairs the Federal Inland Revenue Service (FIRS), made this appeal during the 157th meeting of the JTB held in Ibadan

Mrs. Folorunso Alakija, the Group Managing Director of Rose of Sharon Group and Executive Vice Chairman of Famfa Oil, has expressed concern over the federal government’s proposed increase in Value Added Tax (VAT) from the current 5% to 7.5%. She voiced her concerns during an interview with THISDAY at the graduation ceremony of 67 students

Real estate stakeholders have expressed optimism that once the Tax Reform Bill is enacted, real estate transactions will be exempt from Value Added Tax (VAT). This assurance was further reinforced by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, who stated that the bill is designed to benefit low-income earners and

The Institute of Chartered Accountants of Nigeria (ICAN) has recently taken a significant step to reinforce the importance of strict adherence to ethical standards within the accounting profession. This was clearly emphasized during the inauguration of the Ako Jaya District Society, an event that marks a crucial milestone in bridging the gap between ICAN’s national

Change is a constant feature of national development, and reforms whether in taxation, fiscal policy, monetary systems, banking, agriculture, healthcare, education, or information and communication technology are essential components of progress. What remains crucial is our collective ability to evaluate these reforms with objectivity and optimism. This article, in that light, explores Nigeria’s tax reform

Let’s talk about taxes. Yes, those taxes. The ones that make your eyes glaze over when you hear words like “deductions,” “withholding,” or “audit.” But stay with me -because taxes might be more important to your life than you think, and they’re definitely not the villain we love to hate. What Are Taxes, Really? At

Taxation is a fundamental pillar of economic development. It provides governments with the revenue needed to fund public services, build infrastructure, and support social programs. In Nigeria, the 2017 National Tax Policy (NTP) was introduced as a strategic framework to reform and guide the country’s tax system, aligning it with national economic goals. The policy

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has revealed that Nigeria collects only 30% of its potential tax revenue—leaving a massive 70% shortfall, among the highest globally. Speaking on the theme “Taxation for Development: Policies, Law and Implementation” at the 27th Annual Tax Conference of the Chartered Institute of