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Nigeria: Govt Debunks Reports of Errors in New Tax Laws, Defends Reform Gains

The committee said media reports misrepresented Oyedele’s remarks, noting that tax registrations have risen from 10 million to over 100 million.

  • The Presidential Fiscal Policy and Tax Reforms Committee dismissed misleading media reports on Sunday claiming Honourable Minister Taiwo Oyedele admitted errors in Nigeria's new tax laws.
  • Reports mischaracterized Oyedele's remarks at the NBA SLP conference in Lagos, where he showcased early positive impacts of the fiscal reforms rather than admitting to errors.
  • Data showcased by Oyedele indicated individuals registered for tax purposes increased from 10 million to over 100 million, while thousands of informal businesses now seek CAC registration daily.
  • Clarifying his remarks, the Tax Reforms Committee stated Oyedele emphasized "no law is perfect," advocating ongoing stakeholder engagement to address gaps through future Finance Bills.
  • A legislative probe of the tax law concluded in early January 2026, and officials urged the public to disregard "the twisted narrative" and rely on official sources.
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Business Post Nigeria broke the news in on Saturday, April 11, 2026.
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