₦airaland Forum

1144AK:
Don't mind them, they should join public service.... Dem go understand..... When you tell them to become independent reporters for budgIT, Dem go run....

deji17:
Active individual taxpayers in Nigeria less than 10 million  —  Taiwo Oyedele


https://www.google.com/amp/s/www.vanguardngr.com/2025/12/active-individual-taxpayers-in-nigeria-less-than-10-million-taiwo-oyedele/amp/

Manny21:
To encourage people to pay taxes, fix the economy and improve purchasing power. Guard against profligacy and fight corruption unselectively. Don't allow people to have the impression that someone somewhere is ready to steal their sweat in the form of taxes they paid to sponsor luxurious lifestyle of his family and side chicks

tito44:
It's funny how this man becomes the most hated human in Nigeria. Carrying bad energy and bad name for tinubu's govt.

Maybe they should start with telling us what they expended all the revenue Nigeria generated for the past years. Quick to throw out numbers when it suits them.

deji17:
Active individual taxpayers in Nigeria less than 10 million  —  Taiwo Oyedele


https://www.google.com/amp/s/www.vanguardngr.com/2025/12/active-individual-taxpayers-in-nigeria-less-than-10-million-taiwo-oyedele/amp/

Vision101:
As soon as oil was discovered Nigerians forgot about tax. It was easy life all the way. I remembered when I was a little child in the 60s in East Central state my father even in the village were paying tax. The tax collectors used to block the road to collect tax. The villagers were paying bicycle rate.

deji17:
Active individual taxpayers in Nigeria less than 10 million  —  Taiwo Oyedele

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that Nigeria has fewer than 10 million active individual taxpayers, underscoring the country’s narrow tax base and the urgent need for data-driven reforms at subnational levels.

Oyedele made the assertion on Tuesday while delivering a keynote address at the Tax Reform Summit 2026 in Lagos, themed “From Reforms to Results: The Lagos Implementation Roadmap, Creating a Tax Environment that Works for All.”

The summit was convened by the Office of the Special Adviser on Taxation and Revenue in collaboration with the Lagos State Treasury Office.

According to Oyedele, improving the quality of data for fiscal and economic planning is critical to expanding the tax net, particularly in Lagos State.

He said reliable databases covering property registers, individual taxpayers and fiscal operations were essential for effective revenue mobilisation.

“In Nigeria today, the number of active individual taxpayers is under 10 million for the whole country. I think that is the number we should have for Lagos State alone, and we need to make that possible,” he said, adding that meaningful tax reform cannot be achieved without credible and comprehensive data.

Oyedele also highlighted the significant revenue potential of property taxation, describing it as one of the most stable but underutilised sources of income for states and local governments. He said Lagos could generate up to ₦1 trillion annually from property tax if the sector’s potential is fully harnessed.

He explained that if just two million properties in Lagos were taxable, with an average value of ₦100 million and a modest tax rate of 0.5 per cent, the state could raise ₦1 trillion yearly.

According to him, such revenue could be reinvested in infrastructure and public services, creating a cycle of growth and increased property values.

The tax reform committee chairman stressed that success in property taxation depends on proper property enumeration, accurate valuation, transparent administration and predictable enforcement.

He also called on Lagos State to lead by example in adopting harmonised tax laws and strengthening legal frameworks for collaboration among revenue-collecting agencies.

Oyedele disclosed that a model tax harmonisation law drafted by the committee and the Joint Revenue Board had already been adopted by states such as Ekiti, Zamfara, Anambra and Kano, urging Lagos to follow suit.
https://www.google.com/amp/s/www.vanguardngr.com/2025/12/active-individual-taxpayers-in-nigeria-less-than-10-million-taiwo-oyedele/amp/