FG Risks Losing $10m World Bank Loan Over Audit Failures The federal government is expected to forfeit $10 million from a World Bank credit due to audit shortcomings, delays in launching a national budget portal, and slow implementation of a revenue assurance system. The fund is...

FIRS, RMAFC Form Committee to Enhance Tax Compliance    The Federal Inland Revenue Service (FIRS) and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) have inaugurated a joint technical committee to strengthen tax revenue monitoring and boost fiscal sustainability across Nigeria’s three tiers of government. The inauguration...

Tinubu's Tax Bills and the Issues Left Unresolved By Umar Farouk Bala In just two brisk days—Wednesday, May 7, and Thursday, May 8, 2025—the Nigerian Senate passed the 2024 Tax Reform Bills, acting swiftly on the executive’s request. But in that speed, something vital may have...

FIRS, NGF Partner to Enhance Economic Growth, Boost Revenue   As part of the efforts to boost revenue and economic growth across the federation, the Federal Inland Revenue Service (FIRS) and the Nigerian Governors’ Forum (NGF) are partnering to improve on policy harmonisation and capacity building...

FIRS, Flutterwave Collaborate on Digital Tax Platform   The Federal Inland Revenue Service (FIRS) has integrated Flutterwave’s payment technology to enable seamless digital tax collection, making the fintech company one of the few supporting the government’s efforts to modernise tax payments. Flutterwave disclosed this in a statement...

Tax Reform Bills: NITDA, TETFUND to Remain as Reps c’ttee Proposes Major Changes The House of Representatives Committee on Finance has proposed major changes in the tax reform bills sent to the National Assembly by President Bola Ahmed Tinubu. Daily Trust reports that the committee modified...