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Senate Completes Passage of Landmark Tax Reform Bills

The Senate has passed the remaining two tax reform bills — the Joint Revenue Board Establishment Bill 2025 and the Nigeria Tax Bill 2025 — completing the legislative process for all four executive-sponsored tax proposals. The bills were adopted following clause-by-clause consideration in the Committee of the Whole and third reading on the Senate floor. […]

Senate Approves Two Major Tax Reform Bills, Vows to Conclude Remaining Today

The Senate has passed two of four major tax reform bills, marking a significant step in the ongoing overhaul of Nigeria’s tax administration framework. The two bills include one that seeks to repeal the Federal Inland Revenue Service (Establishment) Act, and another to establish the Joint Revenue Board (Establishment) Bill 2025 alongside the Nigeria Revenue […]

Senate Begins Consideration of Tax Reform Bills Today

The Senate will today begin consideration of the Tax Reform Bills submitted months ago by President Bola Tinubu, following the presentation of a report by the Senate Committee on Finance. Senate President Godswill Akpabio made the announcement during Tuesday’s plenary, shortly after Committee Chairman, Senator Sani Musa, laid the report before the chamber. Akpabio urged […]

Senate Pledges Practical Tax Reforms to Strengthen Economy

The Chairman of the Senate Committee on Finance, Senator Sani Musa, has reassured Nigerians that the ongoing public hearing on four proposed tax reform bills is an inclusive process designed to deliver practical and constitutionally sound legislation. Speaking in an interview ahead of the hearing, Senator Musa emphasised that all stakeholders, including those with dissenting […]

ACF Canvasses Retention of 7.5% VAT, Proposes Key Tax Amendments

The Arewa Consultative Forum (ACF) has recommended the retention of the 7.5% Value Added Tax (VAT) rate in the proposed Tax Reform Bills. In a detailed submission to the National Assembly, the ACF outlined its observations and recommendations on the Executive Tax Reform Bills, which aim to overhaul Nigeria’s tax laws significantly. The recommendations stem […]

Senate Holds Public Debate on Nigeria’s Tax System Overhaul

The Senate has commenced a two-day public hearing on proposed tax reform bills, bringing together key stakeholders from the nation’s economic and financial sectors. Among those in attendance are the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji; the Group Chief […]

Tinubu Praises NGF’s Bold Endorsement of Tax Reform Proposals

President Bola Tinubu has lauded Nigerian governors for their endorsement of the Tax Reform Bills, describing their support as a “bold and commendable step.” The Nigeria Governors’ Forum (NGF) on Thursday endorsed the contentious bills, a decision welcomed by advocates of tax reform. Following the development, presidential spokesperson Bayo Onanuga expressed the President’s appreciation for […]

Tax Reforms Will Deliver Dividends of Democracy, Akpabio Assures Nigerians

Senate President Godswill Akpabio has reassured Nigerians that the passage of proposed tax reform bills will deliver tangible benefits and strengthen democracy once signed into law by President Bola Tinubu. In his New Year message, Akpabio urged citizens to embrace hope and unity as the nation implements critical reforms. He stated, “The reforms introduced by […]

Minimum Wage Earners to Get Full Tax Exemption in Proposed Bill

The Chairman of the Presidential Advisory Committee on Fiscal Policy and Tax Reform, Mr. Taiwo Oyedele, has clarified that under the proposed Tax Amendment Bills, individuals earning up to ₦1.7 million annually (approximately ₦141,000 per month) will pay lower Pay As You Earn (PAYE) tax. Workers earning the new minimum wage and slightly above it […]

State Governors Debate Tax Bills Amid Growing Opposition

The Nigeria Governors’ Forum (NGF) convened an in-person meeting at its Secretariat in Abuja on Wednesday night to discuss pressing issues, including the controversial tax reform bills. Fifteen governors, primarily from the All Progressives Congress (APC), were present at the meeting. Notable attendees included Governor Alex Otti of Abia State (Labour Party) and Governor Chukwuma […]

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