The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has explained the essence of the tax reform bills proposed by President Bola Tinubu. Oyedele said the essence of the tax reform bill is not to generate revenue. Speaking during the Tax Reform Bills Town Hall meeting on Monday, he said…
On Thursday, Tinubu’s proposed tax reform bills made significant progress, successfully passing their Second Reading in the Senate despite some lawmakers’ objections. Senate Leader Michael Opeyemi Bamidele, who led the debate on the Executive Bill, characterized the legislation as a crucial step towards overhauling Nigeria’s tax system. He stated, “These bills are designed to simplify…
The National Economic Council, which includes members of the Nigerian Governors Forum, has recommended that the presidency withdraw the Tax Reforms Bill from the National Assembly. This request is based on the necessity for broader consultations and consensus among stakeholders. Oyo State Governor Seyi Makinde stated that this recommendation was part of the resolutions made…
Petroleum marketers have indicated that President Bola Tinubu has taken the advice of Aliko Dangote, the President of Dangote Group, by fully removing the petrol subsidy. Billy Gillis-Harry, President of the Petroleum Products Retail Outlets Owners Association (PETROAN), shared this insight during an interview with journalists. His comments followed the recent increase in fuel prices…
The presidency has clarified that President Bola Tinubu has not requested Yemi Cardoso to step down from his role as the Governor of the Central Bank of Nigeria (CBN). Bayo Onanuga, the Special Adviser to the President on Information and Strategy, issued a statement refuting claims that Tinubu had ordered Cardoso’s resignation. In a post…
