NEWS

Tinubu Won’t Introduce New, Impose Higher Tax Rates In Nigerians- Oyedele 

The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, stated that under President Tinubu’s leadership, the committee has no intention of introducing new or raising existing tax rates in Nigeria.

Oyedele, in a post on his X account where he addressed common inquiries regarding the Presidential Fiscal Policy and Tax Reforms Committee, emphasized that the committee’s goal is to alleviate the tax burden on individuals and businesses.

His words: “We do not intend to introduce new taxes or impose higher tax rates. Rather, our mandate is to reduce the number of taxes and levies while harmonising revenue collection to reduce the burden on the people and businesses. 

“The objective is to avoid taxing investment, capital, production or poverty. We plan to review and re-enact the major tax laws in a holistic manner thereby limiting the necessity for frequent changes through annual finance acts.”

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