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Amid growing public concern over Nigeria’s recently introduced tax reforms, the Chartered Institute of Taxation of Nigeria (CITN), Abuja District, has moved to clarify how the changes apply to bank transactions, income thresholds, and exemptions. Speaking during an interview on ARISE News on Tuesday, the district chairman, Ben Enamudu, stated that the reforms do not…
Nigeria’s newly renamed revenue authority is set to operate under a restructured framework that brings together previously dispersed tax functions, as the Federal Government moves to streamline revenue collection and oversight. The Executive Chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, disclosed this during a televised interview monitored in Abuja. The changes follow…
Former Anambra State Governor, and 2023 Presidential candidate, Peter Obi, has cautioned that Nigeria risks worsening poverty and weakening national cohesion if it implements a tax system that overburdens citizens. In a statement posted on X (formerly Twitter), Obi stressed that genuine economic growth cannot be achieved through policies that make people poorer. He emphasised…