The Nigeria Civil Aviation Authority (NCAA) has dismissed claims that the rise in domestic airfares during December was due to government taxes. Michael Achimugu, NCAA’s Director of Public Affairs and Consumer Protection, stated that the increases were driven purely by market forces and festive travel demand. According to Achimugu, the December fare hikes were limited…
The Nigerian Civil Aviation Authority (NCAA) has rejected claims that domestic airfares are high due to multiple taxes, stating that airlines do not pay the alleged levies and that ticket prices are primarily driven by demand and supply. In a statement posted on X on Sunday, Michael Achimugu, Director of Public Affairs and Consumer Protection,…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially inaugurated the National Tax Policy Implementation Committee (NTPIC) on behalf of the Federal Government. A statement from the Ministry of Finance noted that the move represents a significant milestone toward establishing a modern, transparent, and technology-driven tax system that can enhance…
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has introduced 50 new tax exemptions and relief measures aimed at reducing the financial burden on low-income earners, average taxpayers, and small businesses. The measures are part of Nigeria’s new tax reform laws, set to take effect on January 1, 2026. In…
President Bola Tinubu has officially abolished the 5% excise duty on telecom services, permanently removing the tax to reduce the financial burden on Nigerians and boost digital growth. NCC boss Aminu Maida confirmed the move on Tuesday, noting that what was once a suspension is now law. He quoted the President as saying: “We cannot…
The Federal Government has launched a national Electronic Fiscal System (EFS) to modernise tax administration, reduce evasion, and improve transparency in revenue collection. The Federal Inland Revenue Service (FIRS) confirmed that the platform, featuring an e-invoicing solution called the Merchant-Buyer System (MBS), officially went live on August 1, 2025, after a successful pilot phase that…
The National Economic Council (NEC) has expressed reservations about President Bola Tinubu’s forwarding of the Tax Reform Bill to the National Assembly. The measure was sent to NASS based on the findings and suggestions of the Presidential Committee on Fiscal and Tax Reforms, which the President established to increase the nation’s revenue generation. The NEC…
