Oyedele Urges Implementation of New Tax Laws by 2026 to Prevent Worker Suffering

Oyedele, chairman of the Presidential Fiscal Policy Tax Reform Committee, emphasizes the urgent need to implement new tax laws by January 1, 2026, to prevent workers from bearing the brunt of overtaxation and businesses facing multiple tax burdens. He highlights concerns about the negative impact on the bottom 98% of workers, potential tax exemptions for small unprofitable businesses, and the continuous taxation on essential items like food leading to price hikes.

Oyedele calls for the cancellation of the new tax laws unless key issues are addressed, prompting the committee to seek amendments from President Bola Tinubu to ensure fair tax compliance and revenue collection.