By FIDELUS ZWANSON New Tax Act Under Scrutiny as KPMG Flags Gaps, Ambiguities Background: A Major Fiscal Reset NIGERIA’S Tax Act 2025, scheduled to take effect on January 1, 2026, is one of the most sweeping fiscal reforms in recent years. Designed to expand the tax base, increase revenue, […]
Reform Myths, Politics & Economic Opportunity Misinformation as a National Security Risk TAXATION became a trending crisis on 1 January 2026, not because of new levies, but new lies. Viral claims that banks would freeze personal accounts or unilaterally debit 25 per cent of deposits were false. Taiwo Oyedele, Chairman of the Presidential Tax Reform […]
ALIKO Dangote has explained that the high price of cement in Nigeria is largely due to multiple taxes and levies imposed on local production. In an interview with Business Insider Africa, the Dangote Industries president said regulatory costs significantly inflate domestic cement prices. Dangote said cement exported from Nigeria is cheaper because exporters are exempt […]
By MAHMOOD MALIK MUSA (M. M. M.) IBRAHIM NEF Says Tax Data Deal Endangers Sovereignty THE Northern Elders Forum has issued a stern warning over the FIRS–France tax data MoU, describing it as a strategic misstep capable of weakening Nigeria’s economic autonomy. Addressing the Federal Government and National Assembly, the forum said the agreement opens […]
By TAYO TAIWO (T. T.) OLUWOLE THE founder of Achievers University, Owo, Prof. Bode Ayorinde, has appealed to President Bola Tinubu and the National Assembly to exempt the education sector from taxation, warning that imposing taxes on schools and universities would hinder national development. Speaking at the 15th convocation and 18th foundation anniversary of […]
By FIDELUS ZWANSON NIGERIA’S latest VAT distribution for October 2025 has revealed sharp disparities between what the six geo-political zones contributed and what they received, according to FAAC data compiled by TheCableIndex. The South-West remained the highest contributor, generating ₦333.01 billion but receiving ₦91.88 billion, amounting to just 27.59 percent of its input. The South-South […]
By FIDELUS ZWANSON NIGERIA’S banks, insurance companies, pension fund administrators, and other financial institutions contributed a total of ₦203.24 billion in Value Added Tax (VAT) during the first half of 2025, marking a 37% increase from the ₦148.18 billion recorded in the same period last year. This surge, according to the National Bureau of Statistics […]
By OBIOMA TORI THE Presidential Committee on Fiscal Policy and Tax Reforms has clarified that Nigerians do not need a Tax Identification Number (TIN) to operate personal bank accounts, unless those accounts are used for business transactions. Committee Chairman, Taiwo Oyedele, made the clarification during a weekend briefing in Abuja, explaining that tax authorities can […]
By BUNMI BUSOLA How Nigeria Built a Tax System Few Understand but Everyone Depends On IN every functioning nation, taxation is the engine that drives development. It builds roads, powers hospitals, funds education, and keeps government institutions alive. Yet in Nigeria—Africa’s largest economy and most populous nation—the tax system remains a puzzle to many citizens, […]
By FATIMA HUSSAINI TAXATION in Nigeria did not begin with colonialism—it has always been part of the country’s governance culture, long before the arrival of British authorities. From the levies imposed by pre-colonial kingdoms to the highly centralised tax systems introduced under British rule and the complex, often chaotic frameworks of today, Nigeria’s tax story […]