The chairman of the presidential committee on fiscal policy and tax reforms, Taiwo Oyedele says Nigeria’s tax reforms remain incomplete without crucial adjustments, including lowering corporate tax rates and addressing regulatory overreach. Oyedele on Saturday posted a lecture he gave at his 50th birthday on X, titled ‘Designing Tomorrow: Policy Blueprint and Lessons for the Future’. He advocated for the …

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele came prepared. As a Professor of Practice at Babcock University, he knows his onions. He only just celebrated his fiftieth birthday and delivered what appeared to be an impossible task for his master, President Bola Tinubu. At first, it appeared like mission impossible. Many, especially northern senators …

The Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji has said that new tax laws would take effect from 1 January 2026, under a renamed agency — the Nigeria Revenue Service. In the same breath, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele said that under the new tax laws, …

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele has reiterated the need for nationwide consultations on the proposed tax reforms, despite opposition from some northern governors. Last Sunday on Arise News, Oyedele countered claims that the committee had not consulted with stakeholders, particularly governors. He revealed that four scheduled meetings with governors’ forums …

The Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr. Taiwo Oyedele has said that four tax reform bills, which President Bola Tinubu submitted to the National Assembly would empower Nigerian youths to play a key role in the digital economy space. On his X handle , Oyedele said that the changes to the income tax laws were …

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele has said that reports he is proposing an increase in Value Added Tax (VAT) rate have been quoted out of context. At a policy exposure and impact assessment session, organised by the committee on Wednesday, Oyedele had said: “We need to adjust the VAT rate …

Value Added Tax (VAT) will be increased from the present 7.5 per cent, if the Federal Government accepts the position of the Presidential Committee on Fiscal Policy and Tax Reforms. At a policy exposure and impact assessment session, organised by the committee on Wednesday, its chairman, Mr. Taiwo Oyedele said: “We need to adjust the VAT rate upward. We would …

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians that the ongoing plan by the Federal Government to introduce new foreign exchange rules will reflect the true value of the naira. He also said the plan which would include a crackdown on illicit currency trading, would result in naira closing its gap …

The Presidential Committee on Fiscal Policy and Tax Reforms, led by Taiwo Oyedele, on Tuesday had audience with President Bola Tinubu at the State House. The import of the visit was a presentation to the President on current status of the committee’s assignment since its inauguration on 8th August 2023. The committee tagged its presentation ‘Quick Wins’ and sought the …

President Bola Tinubu on Friday approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms. He appointed the Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers, Mr Taiwo Oyedele, as committee chairman. Friday’s development comes barely 24 hours after the President signed four Executive Orders, suspending the five per cent excise tax on telecommunication services and …