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

Nigeria-flag Nigeria-flag
Forgotten Dairies11 hours ago

The National Anthem We Sing And The Nation We Live -By Joel Praise

The difficult questions remain. Are we united enough to demand accountability across party and region? Are we honest enough to...

Nigeria flag Nigeria flag
Forgotten Dairies11 hours ago

Two Children Are Enough in Today’s Nigeria -By Goodness Matilda Omonkhomion

Having only two children gives parents a better chance to provide quality education, good healthcare, balanced meals and enough attention...

Demand Surges For Weight Loss Drug Ozempic Demand Surges For Weight Loss Drug Ozempic
Forgotten Dairies15 hours ago

Wellness Is The New Weight Loss -By Enwelikwu Chidinma Gift

Nigeria also faces another challenge: unhealthy eating habits. Fast-food restaurants continue to increase, while affordable fruits and vegetables remain scarce...

Tetanus Disease - Nail Tetanus Disease - Nail
Forgotten Dairies16 hours ago

Tetanus: The Preventable Disease That Still Threatens Both Animals and Humans -By Dr. Moris Umoru

Tetanus is a disease that modern science has given us the tools to prevent, yet it continues to cause avoidable...

Northern Nigeria Northern Nigeria
Forgotten Dairies18 hours ago

Beyond the Northern Security Trust Fund Board -By Sani Danaudi Mohammed

Finally, let this be the moment the North chooses production over palliative. ₦1bn a month per state will help, but...

Nigeria flag Nigeria flag
Forgotten Dairies18 hours ago

THE PARADOX OF STABILIZATION: Bridging the Gap Between Policy and Reality in Modern Nigeria -By Mathias Mayor

Nigeria possesses an incredibly resilient population and a rapidly expanding digital economy driven by innovative youths. However, resilience is a...

Bauchi Bauchi
Forgotten Dairies1 day ago

Performance Over Politics: Why Bauchi Voters Must Demand Accountability in 2027 -By Yasir Shehu AdamPerformance Over Politics: Why Bauchi Voters Must Demand Accountability in 2027 -By Yasir Shehu Adam

Supporters of the current administration may point to projects or initiatives they believe have benefited the state. Critics, however, argue...

Peter Obi, Atiku and Tinubu Peter Obi, Atiku and Tinubu
Forgotten Dairies1 day ago

2027: Nigerians Must Vote With Wisdom, Not Promises -By Yasir Shehu Adam

In Northern Nigeria, insecurity remains one of the greatest concerns. Despite government efforts, many communities still experience attacks by armed...

Ibrahim Mustapha Pambegua Ibrahim Mustapha Pambegua
Forgotten Dairies1 day ago

Ghost Agency: Beyond The ICPC Probe -By Ibrahim Mustapha Pambegua

The President must go beyond mere directives and ensure that the findings of the investigation are fully implemented. This is...

Hajia-Hadiza-Mohammed Hajia-Hadiza-Mohammed
Forgotten Dairies1 day ago

Marwa And The Transformation Of NDLAE -By Hajia Hadiza Mohammed

And just like great achievers, Marwa was modest in savoring his successes…He recognized the enormity of work that need to...