The Federal Government has commenced a six-week review of Nigeria’s tax reforms, less than a year after the new tax laws came into effect.
The review is being led by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, through the Presidential Fiscal Policy and Tax Reforms Committee. The exercise is designed to identify implementation gaps, clarify provisions and address unintended consequences that have emerged since the reforms took effect in January 2026.
The government said the review will examine several areas of the tax system, including Value Added Tax thresholds, withholding tax, capital gains treatment and issues surrounding multiple taxation. Findings from the exercise are expected to contribute to the proposed Finance Bill 2027.
The review comes as businesses and taxpayers continue to adjust to the changes introduced under Nigeria’s recent tax reform programme. The government has maintained that the exercise is not intended to reverse the reforms but to identify areas where clarification or adjustment may be necessary based on how the laws are working in practice.
The review is also expected to provide an opportunity for government officials and stakeholders to examine areas where the implementation of the new tax framework may be creating difficulties for businesses or taxpayers.
The outcome could influence further amendments to Nigeria’s fiscal framework as the government prepares the 2027 Finance Bill. The process will therefore be closely watched by businesses, investors and individuals affected by the country’s changing tax rules.
For the Federal Government, the broader objective remains to create a tax system that can generate sustainable revenue while supporting economic activity and improving compliance.
