Nigerian Tax Reforms Face Threats, Oyedele Warns of Deep-rooted Challenges

Oyedele, head of the presidential committee on fiscal policy tax reform, reveals receiving threats for pushing tax reforms in Nigeria at a government colloquium. He highlights challenges like low public trust, weak compliance, and limited understanding of tax issues.

The Nigerian tax revenue lags behind other countries, necessitating urgent reforms. The Federal Government has initiated new tax laws effective from January 1, 2026, focusing on the Nigeria Tax Act 2025 and related legislations.

Oyedele emphasizes the need to address the lack of tax culture and misconceptions about the reforms.