Issues · Economy
Presidential Committee on Fiscal Policy and Tax Reforms (Oyedele committee) submitted recommendations in late 2024. Proposed VAT rate increases, harmonisation of multiple taxes, removal of nuisance levies. Tax-to-GDP ratio target: 18% by 2026 from ~10.8% baseline.
In Tinubu's words“We will not impose more taxes on those already taxed. We will bring more into the net.”
Renewed Hope Agenda, fiscal chapter; presidential statement on tax reform, Oct 2024.
Policy position
Implement the Oyedele recommendations through executive bills sent to NASS. Raise VAT incrementally; offset by removing dozens of overlapping federal/state levies. Broaden the tax net rather than raise rates on already-taxed formal sector.
More in Economy
