Keep up with the latest news and be part of our weekly giveaways and airtime sharing; follow our WhatsApp channel for more updates. Click to Follow us

Nigeria’s minister of state for finance, Taiwo Oyedele, has acknowledged that Nigeria’s new tax reform laws contain errors.

However, he assured that corrective actions are already being implemented to address the identified issues.

Oyedele made this known while speaking recently at the 2026 annual conference of the Nigerian Bar Association (NBA).

According to a statement from the Presidential Fiscal and Tax Reforms Committee on Friday, he admitted that inconsistencies emerged during the law-making process due to procedural lapses.

Oyedele urged Nigerians to await the outcome of the legislative probe into the alleged discrepancies.

He admitted, “That errors occurred due to manual processes and multiple stages of review” in the drafting and legislative process.

He assured, however, that the issues would be addressed through a proposed finance bill aimed at correcting them.

“What we need is a more transparent and reliable legislative process where every version of a law is publicly available,” he said.

Oyedele emphasized that the enforcement of the tax reforms would not be arbitrary, noting that the policy was based on transparency, fairness, and clear intent.

“If policies can change overnight, it sends the wrong signal to investors. Consistency is critical,” he stated.

Recall that on December 17, 2025, Abdussamad Dasuki, a member of the House of Representatives from Sokoto State, had alleged that the versions of the tax laws in circulation differed from what lawmakers passed.

His revelation caused confusion, leading the national assembly to set up a committee to address the discrepancies.

ZINGTIE reports that the new tax laws took effect on January 1, 2026, after the signing of the tax bills on June 26, 2025.

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post.