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Tag: Tax

Economy

Old tax laws made Nigerians poor – Tinubu

President Bola Tinubu has said that colonial-era tax laws contributed to economic hardship in Nigeria, arguing that fragmentation, multiplicity and inconsistencies in the old fiscal framework weakened national prosperity. This was disclosed in a statement titled,” Old tax laws made Nigerians poor, new systems will create opportunities and prosperity, says President Tinubu”signed by Bayo Onanuga, […]

Business

Finance minister did not admit errors in new tax laws — FG

The Presidential Fiscal Policy and Tax Reforms Committee has dismissed reports claiming that the Minister of State for Finance, Taiwo Oyedele, admitted errors in Nigeria’s new tax laws. In a statement posted on Sunday via Oyedele’s X handle, the committee described the reports as “misleading” and a misrepresentation of the minister’s comments. “Our attention has […]

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