Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has revealed he's receiving death threats over the implementation of Nigeria's new tax laws. "Reforms are hard, and tax reforms are even harder. You need courage. I receive threats simply for trying to fix a broken system," Oyedele stated.
The new tax laws, which took effect on January 1, 2026, aim to streamline revenue sources, simplify tax compliance, and improve the ease of doing business. However, Oyedele notes that the reforms face obstacles, including widespread mistrust of government, poor tax compliance culture, and limited understanding of fiscal exchange among citizens.
The reforms introduce significant changes, including a more progressive Personal Income Tax regime, increased Capital Gains Tax rates, and expanded taxable income to include digital assets. While these changes aim to boost revenue and promote economic growth, critics argue they may worsen economic hardship for Nigerians.
Former Anambra State Governor Peter Obi has faulted the revised tax laws, warning they risk deepening public distrust and worsening economic hardship. Obi cited 31 critical problem areas identified by KPMG, including drafting errors and policy contradictions.
Kaduna State Governor Uba Sani has urged Nigerians to support the tax reform laws, describing them as critical for sustainable national development. Sani emphasized the reforms would simplify tax compliance, reduce confusion, and improve the ease of doing business.
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