No errors in new tax laws - Taiwo Oyedele - Politics

No errors in new tax laws - Taiwo Oyedele - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › No errors in new tax laws - Taiwo Oyedele (5697 Views)

No errors in new tax laws - Taiwo Oyedele by ogododo(op): 9:20am On Apr 12

”𝐅𝐀𝐊𝐄 𝐍𝐄𝐖𝐒 𝐀𝐋𝐄𝐑𝐓: “𝐓𝐀𝐈𝐖𝐎 𝐎𝐘𝐄𝐃𝐄𝐋𝐄 𝐅𝐈𝐍𝐀𝐋𝐋𝐘 𝐀𝐃𝐌𝐈𝐓𝐒 𝐄𝐑𝐑𝐎𝐑𝐒 𝐈𝐍 𝐓𝐇𝐄 𝐍𝐄𝐖 𝐓𝐀𝐗 𝐋𝐀𝐖𝐒”

Our attention has been drawn to misleading media reports claiming that the Honourable Minister of State for Finance, Mr. Taiwo Oyedele has "finally admitted errors in the new tax laws." These publications misrepresent the Minister's statements, falsely alleging that he urged Nigerians to await the outcome of a "legislative probe", a process that has long been concluded and the gazetted copies certified by the National Assembly published since early January 2026.

This twisted narrative is unhelpful as it risks distorting public understanding and misleading the very people the reforms were designed to benefit.

The Minister, during a recent fireside chat at the NBA SLP conference in Lagos, highlighted the early positive impact of the new tax laws, including thousands of informal businesses now seeking CAC registration daily while the number of individuals registered for tax purposes nationwide has increased from barely 10 million before the reform to over 100 million.

These impressive results stem from the robust design and progressive nature of the new laws, which include:

- Exemption of small companies from tax.

- Increased exemption thresholds for low-income earners.

- Tax exemptions on basic consumption items like food, education, healthcare, transportation, and rent.

- Introduction of the Tax Ombud to protect taxpayer right.

The Minister contrasted the transformative changes in the new laws with the regressive provisions in the old laws. He however emphasised that no law is perfect. Therefore, ongoing stakeholder engagement is essential to identify and address any errors or gaps for appropriate legislative updates through Finance Bills as part of a continuous improvement process.

We urge members of the public to disregard sensational headlines and twisted narratives and rely exclusively on official sources and credible media organisations for accurate information regarding the tax reform and other government policies.

God bless Nigeria!

-𝑷𝒓𝒆𝒔𝒊𝒅𝒆𝒏𝒕𝒊𝒂𝒍 𝑭𝒊𝒔𝒄𝒂𝒍 𝑷𝒐𝒍𝒊𝒄𝒚 & 𝑻𝒂𝒙 𝑹𝒆𝒇𝒐𝒓𝒎𝒔 𝑪𝒐𝒎𝒎𝒊𝒕𝒕𝒆𝒆

https://www.facebook.com/share/p/18dD3MY752/

11 Likes 2 Shares

Re: No errors in new tax laws - Taiwo Oyedele by Galactics(m): 9:43am On Apr 12

Rather it is you Taiwo that is fake.

17 Likes 3 Shares

Re: No errors in new tax laws - Taiwo Oyedele by iwaeda: 10:26am On Apr 12

If there are no error, why is LRS, FRS can't start implementing it. So Channels TV was lying too. Anything they denied is true. grin

20 Likes 2 Shares

Re: No errors in new tax laws - Taiwo Oyedele by donleo92(m): 1:15pm On Apr 12

Make una dey play oooooh grin

Why should I be paying tax self huh

?

I keep asking that question ⁉️ undecided

I pay for my own medical healthcare
I pay for my own water
I pay for my own security ( compound and street security)

I pay for my kids school fees

I pay for my own transportation fare.

I buy petrol the exact price, because of the removal of fuel subsidy

I even pay for electricity that I dont see

I pay for outrageous house rents..

So where is the government coming in?? undecided

E be like thunda won fire this man embarassed

39 Likes 4 Shares

Re: No errors in new tax laws - Taiwo Oyedele by njokuuche77(m): 1:15pm On Apr 12

Make una no dey carry us play for this country abeg

5 Likes

Re: No errors in new tax laws - Taiwo Oyedele by Gotocourt: 1:17pm On Apr 12

Emilokan is after my life angry

8 Likes

Re: No errors in new tax laws - Taiwo Oyedele by SamuraiXXX: 1:18pm On Apr 12

Galactics:
Rather it is you Taiwo that is fake.

No matter how fake he is, he is better than 10 of you put together

8 Likes 1 Share

Re: No errors in new tax laws - Taiwo Oyedele by yesloaded: 1:19pm On Apr 12

Funny incompetent people

Somersault policies everywhere

5 Likes 2 Shares

Re: No errors in new tax laws - Taiwo Oyedele by helinues: 1:19pm On Apr 12

You are confused. Keep that confusion to yourself

43 Likes

Re: No errors in new tax laws - Taiwo Oyedele by anonimi: 1:19pm On Apr 12

Galactics:
Rather it is you Taiwo that is fake.

As fake as the balablu town hall propagandist liar who employed him huh

A-looter Propaganda Congress, APC leaders must be doing competition for the prize of most fake person. grin

https://www.youtube.com/watch?v=Bn29b0SkCWU?si=CDJ5qVKBEd3lR4zj

38 Likes 1 Share

Re: No errors in new tax laws - Taiwo Oyedele by alanto: 1:19pm On Apr 12

Oppositions are not serious. They are wasting their time on propaganda instead of holding meetings that means they spend more time online than offline and that's not good for local politics.

37 Likes 1 Share

Re: No errors in new tax laws - Taiwo Oyedele by SamuraiXXX: 1:20pm On Apr 12

Gotocourt:
Emilokan is after my life

If you let them take your life na you loose grin

2 Likes 1 Share

Re: No errors in new tax laws - Taiwo Oyedele by alanto: 1:22pm On Apr 12

helinues:
You are confused. Keep that confusion to yourself

Is there a video where he admitted that there were errors in the gazetted tax law? Or is it someone he told that told someone that told someone?

28 Likes 1 Share

Re: No errors in new tax laws - Taiwo Oyedele by helinues: 1:23pm On Apr 12

alanto:
Is there a video where he admitted that there were errors in the gazetted tax law? Or is it someone he told that told someone that told someone?

They have asked him some questions repeatedly which the answers are inconsistent.

How has he been able to tax the agberos and the Oloshos?

28 Likes

Re: No errors in new tax laws - Taiwo Oyedele by PDPdestroyer(m): 1:25pm On Apr 12

Obidients no go d!e better, all these fake news won’t make your Obi president, no matter how hard you try

1 Like 1 Share

Re: No errors in new tax laws - Taiwo Oyedele by emkz: 1:25pm On Apr 12

Those shouting of errors should point out the errors.

There have been too many lies about the tax reforms.

Rotimi Amaechi lied that those involved in transactions of 100 million naira would forfeit 25 million naira to government. Peter Obi claimed Tinubu wanted to tax poverty.

These are the people who want to rescue Nigeria. Liars and unreading politicians.

25 Likes 1 Share

Re: No errors in new tax laws - Taiwo Oyedele by morikee: 1:29pm On Apr 12

helinues:
You are confused. Keep that confusion to yourself

Lol the man is just confusing himself he has been inconsistent

1 Like

Re: No errors in new tax laws - Taiwo Oyedele by davidtemi(m): 1:34pm On Apr 12

Confused people
God go punish everyone of you

Re: No errors in new tax laws - Taiwo Oyedele by Choiceone1: 1:36pm On Apr 12

ogododo:
https://www.facebook.com/share/p/18dD3MY752/

They have threaten him to withdraw the statement I think

1 Like

Re: No errors in new tax laws - Taiwo Oyedele by israelmao(m): 1:39pm On Apr 12

Too much confusion is going under APC government.A house built on foundation of lie can never stand the test of time.

2 Likes

Re: No errors in new tax laws - Taiwo Oyedele by Galactics(m): 1:39pm On Apr 12

SamuraiXXX:
No matter how fake he is, he is better than 10 of you put together

I didn't ask for your life story.

2 Likes

Re: No errors in new tax laws - Taiwo Oyedele by franchasofficia: 1:39pm On Apr 12

Confused man.

If no other reason, Nigerians need to vote Tinubu out because of this anti-people tax he brought.

What Nigerians don't even know is that Tinubu did not remove only petrol subsidy

Tinubu removed all the subsidies that kept Nigerian economy stable.

He removed subsidy on electricity tariff and increased tariff in what they tagged band a, b, c, d, e, etc even as electricity supply worsened.

Tinubu removed subsidy on tertiary education in Nigeria and school fees was increased abnormally and he then cunningly introduced his so called student loan to cover it up.

Tinubu increased land use charge especially in Lagos. This was part of the reason for increase in house rents because landlords now pay more money to Lagos state government for building house in Lagos than before so they need to realize the money from tenants.

Tinubu introduced indirect taxes via bank extra charges on transfers Nigerians do hourly on their accounts. Go and check how many alerts you receive when you transfer ordinary 1000 naira to another account.

He increased import duty on vehicles even when Nigeria does not manufacture vehicles. Same on building materials which made building house in Nigeria now for the billionaires only.

Nigerians were still struggling to survive all these wicked levies and taxes he went and brought his new tax law to tax poverty in Nigeria comparing us with UK and France, etc when over 65% of Nigerians are living in abject poverty and being supported by the few financial buoyant family members and relatives Tinubu decided to overtax to raise more money for his government to steal.

Honestly I feel scared imagining Tinubu winning a second term, Nigerians will see hell fire live!

The kind of taxation and poverty that will befall Nigeria will shock the world

3 Likes

Re: No errors in new tax laws - Taiwo Oyedele by gbadexy(m): 1:40pm On Apr 12

So when is it taking effect. The whole thing is so hazy.

Re: No errors in new tax laws - Taiwo Oyedele by honestivo(m): 1:42pm On Apr 12

Govt without transparency, you go explain tire

Re: No errors in new tax laws - Taiwo Oyedele by judewrites: 1:42pm On Apr 12*

Taxes aren't meant for self enrichment but to boost standard of living for citizenry....

Na wa o 🤷‍♂️.

Re: No errors in new tax laws - Taiwo Oyedele by Leepeak(m): 1:49pm On Apr 12

Do ur jobs
Nigeria support you

Re: No errors in new tax laws - Taiwo Oyedele by PheelzAlmighty: 1:50pm On Apr 12

If you understand the problem Nigeria is in, you will just bathe and sleep.

Re: No errors in new tax laws - Taiwo Oyedele by Samirana360(m): 1:55pm On Apr 12

There won't be error anywhere
.. Do u know when tinubu started planning this sh*t?

Re: No errors in new tax laws - Taiwo Oyedele by PACIONS(m): 1:55pm On Apr 12

Happy Sunday everyone 🙏
May God bless your week with peace, progress, and testimonies.
Let’s build a better future together.
Support Hon. Ogunfeyitimi Tope Joshua (2027)
Abeokuta North deserves better.

1 2 Reply

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