Oyedele Projects N1tn Annual Property Tax Revenue for Lagos Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that it was possible for Lagos State to generate up to N1tn annually from property tax if the potential in the sector...

FG Clarifies New Capital Gains Tax Rules Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has provided clarity on the newly approved Capital Gains Tax (CGT) framework, set to take effect from January 1, 2026. The reform, which has sparked debates...

No Immediate Plan to Implement 5% Fuel Tax, Says Edun The Federal Government has no immediate plan to implement the 5 percent Petroleum Products Tax as contained in the Tax Administration Act, 2025. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,...

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 Reform: Nigerians pay N1.5trn Despite N15trn Generated Income - Oyedele The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, Dr. Taiwo Oyedele, has said that personal income tax revenue amounted to just N1.5trn, despite declared incomes totalling N15trn by...

Taiwo Oyedele Lists Tax Reform Benefits for Nigerians The Chairman of the Presidential Committee on Fiscal Policy and Tax Reform, Taiwo Oyedele, has unveiled a comprehensive roadmap aimed at transforming Nigeria’s tax system for the benefit of all. These reforms, captured in the new tax...