90% of Nigerians Support Tax Reform Bills, Says Taiwo Oyedele

Babatunji Wusu –

• Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, revealed that 90% of Nigerians support the current tax reform bills.
• A survey conducted by Oyedele’s team, involving over 3,000 participants, showed high approval rates, with 100% support from in-person attendees and 92% from online participants.
• The tax reform bills include over 200 provisions aimed at unlocking Nigeria’s economic potential, despite opposition from state governors.
• President Bola Tinubu submitted four major tax reform bills to the National Assembly, with plans for structural changes in Nigeria’s tax system.

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR), announced that an overwhelming 90% of Nigerians support the tax reform bills currently under consideration by the National Assembly. This support comes from a survey involving over 3,000 participants, both online and offline. Among in-person attendees, the approval rate was 100%, while online viewers showed a 92% approval rate, and even those who followed updates without direct participation expressed 76% support.

Oyedele stressed that the reform bills, which contain over 200 provisions, are designed to unlock Nigeria’s economic potential and should not be derailed by a few controversial provisions that can be addressed in discussions.

In September, President Bola Tinubu presented four key tax reform bills to the National Assembly, including the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill. These bills aim to overhaul the country’s tax system, streamline administration, and resolve disputes. Despite opposition from state governors, who have called for broader consultations, President Tinubu has maintained his stance on pushing the reforms forward.