Tag: Tax Reform Bills

Oyedele Criticizes Nigerian Tax Laws: “Not Conducive for Growth”

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Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, stated that Nigeria’s current tax laws are detrimental to economic growth. Speaking at Agusto & Co.’s economic roundtable, Oyedele explained that the tax system is overly burdensome, with numerous taxes and taxing agencies targeting businesses of all sizes, both formal and informal. He illustrated this point with an anecdote about a small business owner who felt the system was “feasting” on businesses, and he challenged the audience to a social experiment to demonstrate the excessive scrutiny businesses…

Christian Leaders Raises Concern Over Politicisation Of Tax Reform Bills

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Christian Leaders Raises Concern Over Politicisation Of Tax Reform Bills

Northern Christian Leaders have raised concerns over the prevalence of multiple and outdated taxation, which has significantly hindered Nigeria’s ability to attract foreign investments over the years, as potential investors are deterred from establishing their businesses in the country due to the existing tax framework. Former Speaker of the House of Representatives, Yakubu Dogara, observed this in his address on Thursday during a town hall meeting in Kaduna, which convened Christian leaders to discuss and formulate a stance on the tax reform bills proposed to the National Assembly by President…