Minister of State for Finance, Taiwo Oyedele, has acknowledged the existence of errors in Nigeria’s new tax laws, stating that a finance bill is being proposed to address the identified gaps.
- +Taiwo Oyedele admits errors in tax laws, proposes finance bill
Oyedele, who was also Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, made this known while speaking at the 2026 Annual Conference of the Nigerian Bar Association Section on Legal Practice, according to a post shared on the Committee’s official X handle on Friday.
Oyedele, who was also Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, made this known while speaking at the 2026 Annual Conference of the Nigerian Bar Association Section on Legal Practice, according to a post shared on the Committee’s official X handle on Friday.
He noted that the reforms are guided by principles of transparency, fairness, and clear policy intent, rather than arbitrary enforcement.
Oyedele emphasised the importance of policy intent in interpreting and implementing tax laws.
In a statement posted on X, the Committee said:
In December 2025, a member of the House of Representatives, Hon. Abdulsammad Dasuki (PDP, Sokoto), had raised concerns over alleged discrepancies between the newly gazetted tax reform laws and the versions passed by the National Assembly.
According to him, his review of the gazetted copies of the tax laws revealed material differences from what was debated, harmonised, and approved by the House of Representatives and the Senate.
The disputed laws form part of a broad tax reform package recently passed by the National Assembly and signed into law, with implementation scheduled to commence from January 2026.
Oyedele further highlighted key features of the new tax framework and the rationale behind them.
These measures are intended to create a more equitable and business-friendly tax environment.
In June 2025, President Bola Ahmed Tinubu signed four major tax reform laws aimed at improving tax administration and compliance.
