‎Many Nigerians in the diaspora have raised certain questions regarding the new tax reform laws and the possible implications. ‎

The Federal Inland Revenue Service (FIRS), yesterday highlighted the benefits of the new tax law put in place by the Federal Government listing the inherent gain to include strengthening of tax compliance and a boost to the revenue generation of the President Bola Ahmed Tinubu administration.

The Federal Government’s major tax reform laws, enacted on June 26, 2025, have officially been published in the government’s Gazette, marking a significant milestone in the country’s fiscal policy framework.

No ₦500 Fuel Surcharge in January 2026 — Taiwo Oyedele The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has dismissed reports suggesting that Nigerians will begin paying a ₦500 surcharge on fuel purchases starting January 2026. Oyedele, in a statement...

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, disclosed that the country currently spends less than 50 per cent of its revenue on debt servicing.

The chairman of the senate committee on appropriations, Solomon Adeola, says Nigerians earning N800,000 or less annually will no longer pay personal income tax under the new tax reform laws signed by President Bola Tinubu.