The Nigerian government has distance itself from a report suggesting that there was an error in the country’s new tax law.
While the report was attributed to the Minister of State for Finance, Taiwo Oyedele, a statement shared on Sunday, described the report as misleading, emphasizing that it did not reflect what the minister actually said.
According to the statement, some media outlets wrongly claimed that Oyedele said Nigerians should wait for the outcome of a legislative probe. The government clarified that this process had already been completed, and the approved tax laws have been officially published since January 2026.
The minister explained that the new tax laws are already showing positive results.
The statement also highlighted key benefits of the new tax laws, including:
Small businesses are exempt from paying tax.
Low-income earners have higher tax-free limits
Basic needs like food, education, healthcare, transport, and rent are not taxed.
A Tax Ombud has been introduced to protect taxpayers.
Oyedele said the new laws are better than the old ones but admitted that no law is perfect. He added that the government will continue to work with stakeholders to fix any issues through future updates.
The public was advised to ignore misleading reports and rely on official sources for accurate information about the tax reforms.
