Tax Law Wahala: Fed Gov Suspend New Tax Guidelines

Omo, the wahala don start for Nigeria as Federal Government don pause the implementation of new tax laws wey just enter on January 1, 2026. Taiwo Oyedele, wey be chairman of Presidential Tax Reform Committee, yarn this one for Lagos during a 2026 Economic Outlook organised by dem Chartered Accountants. Na true talk be say, dem no fit issue guidelines till dem confirm the final versions of the laws, talk say na National Assembly dey hold all the printed copies. E be like say dem want use am check wetin dem pass for law and wetin dem publish.

Oyedele come talk say, dem discover say some gazetted versions of di laws wey the people dey see different from wetin the National Assembly approve. Di laws wey dey cause dis palava na National Revenue Service (Establishment) Act, Joint Revenue Board of Nigeria (Establishment) Act, Nigeria Tax Administration Act, and Nigeria Tax Act. Dem don pull pepper for this matter since December when lawmaker Abdussamad Dasuki raise hand complain say wetin him see no be wetin him vote for.

Na as him dey yarn all dis correct matter, dem don raise eyebrows but Oyedele no gree make am jam di core provisions like dem tax rates or filing deadlines. He clear say dem no need panic, because dis changes no go affect wetin really matter. Abeg, make we no forget say misinformation fit cause market crash like we see last November when fake news carry N4.6 trillion waka for Nigerian stock market. Di man don even accuse some group wey dey collect money to protest against di tax reforms, na serious matter o!

For di ICAN event, different experts come dey shout say make una engage well and use technology to help implement di reforms. Dr. Chinyere Almona dey talk about how centralised monitoring go matter, while Segun Ajayi-Kadir dey shout say we need policies wey go make everybody fit benefit without leaving competitiveness behind. Dem dey see say economy dey stabilize but poverty dey still too high. Mohammed Hayatudeen even talk say we need to implement di tax laws well to see wetin go fit change for di people.

ICAN President, Mallam Haruna Nma Yahaya, come make am clear say accountability no be wetin dem go just dey talk, e dey important for economy to grow. Him highlight say Nigeria GDP don dey grow, but inflation still dey wahala di people. E call on professionals to bring forward solutions wey go fit help plus governance and strengthen institutions wey go make di economy beta.

Na so di story be for this tax law wahala. E be like say government wan really find solution, but dem suppose balance am well make sure say everybody dey benefit. So we go dey watch as more updates go dey come out. Na soso gist wey go keep us up to date!