FIRS Generated N21.6trn Revenue in 2024, Targets 25trn – Adedeji   The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji has announced that the service generated a total of N21.6 trillion in revenue for the 2024 fiscal year, surpassing its initial target...

FG Reforms: Tinubu Appoints Board Chairmen for 43 Federal Agencies, Parastatals   President Bola Tinubu has made key appointments, naming board chairpersons for 43 federal agencies and parastatals, as well as a secretary to the board of the Civil Defence, Immigration, and Prisons Services. The President, according...

Nine Major Facts About Tinubu's Controversial Tax Bills President Bola Ahmed Tinubu submitted four tax reform bills to the National Assembly on September 3, 2024. These bills—the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board...

Governors Back Tax Reforms, Endorse New VAT Sharing Formula After weeks of intense debate, governors from Nigeria's 36 states and the Presidential Tax Reform Committee have finally reached an agreement on how to share the Value Added Tax (VAT). The governors, at the end of their...

FG Begins New Withdrawing Tax Policy  The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July 2024 and published in the Official Gazette in October, the revised regulations became...

Tax Burden Reduced for 90% of Public, Private Sector Workers - Oyedele   The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has maintained that over 90 per cent of workers in the public and private sectors would be paying lower...