Presidential Tax Committee Denies Suspension of New Tax Law Guidelines The Nigerian Presidential Committee on Fiscal Policy and Tax Reforms, led by Taiwo Oyedele, has denied claims that the Tinubu administration paused implementation guidelines for new tax laws. Oyedele called the report “Fake News,” explaining that delays in issuing guidelines stem from difficulties accessing the final printed copies of the laws from the Government Printer. Social media reactions were mixed, with users demanding clarity on VAT, tax timelines, and warning against retrospective liabilities. The committee emphasized ongoing legislative review and transparency. #NigeriaTax #FiscalPolicy #TaiwoOyedele #TaxLaws

Altered Tax Act Sparks Constitutional Crisis for President Tinubu, Warns Dr. Nasiru Aminu Dr. Nasiru Aminu raises alarm over alleged unconstitutional alterations to the Nigeria Tax Bill by the Executive under President Tinubu. Originally transmitted to the National Assembly in October 2024, the bill, covering the Tax Administration Act, Revenue Service Act, and Joint Revenue Board Act, was reportedly modified without legislative approval. Key changes include alterations to tax administration powers, reporting requirements, appeal processes, and enforcement provisions, undermining legislative oversight and constitutional checks and balances. The author warns that if the President knowingly assented to a doctored bill, it could trigger personal accountability, ministerial resignations, and even impeachment proceedings. #NigeriaTaxAct #Tinubu #ConstitutionalCrisis #LegislativeOversight #TaxReform

Nigerian Government to Make Tax Identification Number Mandatory for Bank Accounts From January 2026 The Federal Government has announced that all taxable Nigerians must have a Tax Identification Number (TIN) to operate a bank account starting January 1, 2026. The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, confirmed the policy, noting that it applies only to individuals and businesses that earn income. Students and non-earners are exempt. Backed by the Nigerian Tax Administration Act taking effect next month, the requirement strengthens the tax reform laws President Tinubu signed in 2025 aimed at improving revenue collection, protecting low-income households, and expanding disposable income for workers. #TINRequirement #NigeriaTaxReforms #BankingPolicy