Nigeria’s states are poised to receive a substantial increase in revenue beginning in 2026, driven by sweeping reforms to the country’s Value Added Tax distribution formula. Mr. Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, announced on Tuesday that states could collectively earn over N4 trillion annually once these changes take […]
President Bola Tinubu’s new tax reforms, set to take effect in January 2026, have stirred debate after his chief tax adviser, Taiwo Oyedele, stated that all Nigerians, including those engaged in prostitution, would be liable to pay tax. Mr. Oyedele, who chairs the Presidential Committee on Fiscal Policies and Reforms, told members of the Redeemed […]
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