Connect with us

Economy

‘Altered’ Tax Laws: FG Defends January Implementation, Says Delay Will Harm Economy -By Muhammad Abdullahi Bashir

The controversy began when Hon. Abdulsamad Dasuki, a member of the House of Representatives, claimed discrepancies between the versions of the tax laws debated in the National Assembly and those later gazetted by the government. This sparked calls from civil society organisations and prominent political figures — including Atiku Abubakar and Peter Obi — for the suspension of the rollout until the discrepancies are resolved.

Published

on

Tax Law - Tinubu and FIRS

The Federal Government of Nigeria has firmly defended the scheduled implementation of its newly signed tax reform laws from January 1, 2026, insisting that any delay would worsen the nation’s economic challenges. The comments come amid intense national debate over allegations that parts of the tax legislation were altered after approval by the National Assembly — a claim the government has dismissed as unsubstantiated.

At the centre of the government’s defence is Mr. Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. Speaking on Channels Television’s The Morning Brief, Oyedele warned that postponing the implementation of the tax laws beyond January 1 would continue to burden workers and businesses under the existing, flawed tax regime.

“The implication of not implementing the new tax laws … is that the bottom 98 per cent of workers remain overtaxed,” Oyedele said, adding that businesses would miss out on exemptions and simplified compliance structures under the reforms.

According to officials, the four cornerstone pieces of legislation — the Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service (Establishment) Act, and Joint Revenue Board (Establishment) Act — are intended to modernise Nigeria’s tax framework, centralise administration under the strengthened Nigeria Revenue Service, and broaden the tax base.

The controversy began when Hon. Abdulsamad Dasuki, a member of the House of Representatives, claimed discrepancies between the versions of the tax laws debated in the National Assembly and those later gazetted by the government. This sparked calls from civil society organisations and prominent political figures — including Atiku Abubakar and Peter Obi — for the suspension of the rollout until the discrepancies are resolved.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending Contents

Topical Issues

Leo Igwe Leo Igwe
Africa7 hours ago

Dog Poop: Community Held Hostage By Fear, Paranoid, and Superstition -By Leo Igwe

The matter was reported to the community head and tabled at the village meeting. I attended the meeting for the...

Uba Sani Uba Sani
Africa10 hours ago

An Open Letter To The Governor Of Kaduna State: His Excellency, The Governor of Kaduna State, Senator Uba Sani – “UNDER YOUR WATCH” -By Timothy Dokpesi Adidi

The people of Gonin-Gora should be visited infrastructurally, especially in the areas of good roads and solar lights. Your Excellency,...

Donald Trump Donald Trump
Africa11 hours ago

Bad News For Nigerian Terrorist Sympathizers: Trump Can Deploy The US Military On Foreign Soil Without Congressional Approval For Up To 90 Days! -By Joe Dauda

So please be smarter next time. Even if you are a secret supporter, pretend that you do not like the...

Africa14 hours ago

When Leadership Misunderstands Corruption: Justice Monica Dongban-Mensem -By Prof. John Egbeazien Oshodi

Her words determine whether people sleep believing justice is possible, or whether they whisper to themselves that truth has no...

EFCC Chairman - Ola Olukoyede EFCC Chairman - Ola Olukoyede
Africa14 hours ago

When Olukoyede Becomes the Target, The Real Battle Is No Longer Just Political — It Becomes A Moral Test Before God, And A Quiet Assault On EFCC -By Prof. John Egbeazien Oshodi

Public frustration with EFCC over perceived selective enforcement is understandable. But the truth is more complex. The chairman operates within...

IGP Egbetokun IGP Egbetokun
Forgotten Dairies1 day ago

Nigeria Police And The Fight Against Fake News: Preparing For The 2027 General Election -By Adewole Kehinde

The Nigeria Police must therefore be prepared not just physically, but digitally and intellectually, to manage this new frontier of...

Nigeria flag Nigeria flag
Africa2 days ago

Nigeria Burning the Candle at Both Ends -By Fadila Adamu Bashir

Yet, amid the growing strain, Nigeria still holds the tools for a different future. The same land scarred by extraction...

FUEL FUEL
Africa2 days ago

Effects Of Fuel Subsidy On The Economy And Society: A Critical Analysis -By Sa’adatu, Ahmad Gajere

Despite these challenges, an outright removal of the fuel subsidy without adequate safeguards could worsen poverty and hardship. Therefore, any...

Oluwafemi Popoola Oluwafemi Popoola
Africa2 days ago

2026, Wike and the Politics of Premonition -By Oluwafemi Popoola

What intrigues me, therefore, is not whether Wike will defect or stay, fight or negotiate. Those are surface dramas. The...

Africa2 days ago

NNPC’s $1.42bn, N5.57trn Debt Write-Off and Test of Nigeria’s Fiscal Governance -By Blaise Udunze

There is also a broader national implication. At a time when Nigerians are being asked to accept higher taxes, reduced...