The Federal Government has inaugurated a technical committee to review Nigeria’s recently implemented tax reforms and develop recommendations for incorporation into the proposed Finance Bill 2027.
The committee was inaugurated in Abuja by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, who described the initiative as an opportunity to improve the effectiveness of the country’s tax framework based on practical implementation experience.
The newly constituted sub-committee is chaired by the Permanent Secretary of the Ministry of Finance and co-chaired by Albert Folorunsho, Chairman of the Tax Advisory Committee. Membership includes more than 20 representatives drawn from government institutions, professional associations, organised private sector groups and leading accounting firms.
According to Oyedele, the committee has been tasked with identifying implementation challenges, unintended consequences and areas requiring clarification within the 2025 Tax Acts. The review will also focus on simplifying compliance requirements and improving Nigeria’s attractiveness to investors.
Among the key issues slated for examination are Value Added Tax thresholds, withholding tax provisions, capital gains taxation and concerns relating to multiple taxation. The committee has been given six weeks to complete its assignment and submit recommendations.
The tax laws under review include the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act and the Joint Revenue Board (Establishment) Act, all of which came into effect on January 1, 2026.
Oyedele stressed that the review should not be interpreted as an attempt to reverse the reforms. Rather, he said the process is intended to strengthen the laws by addressing practical concerns identified by taxpayers and stakeholders since implementation began.
The minister disclosed that government received 134 submissions from members of the public and stakeholders. Many of the submissions reportedly focused on issues such as compliance complexity, multiple taxation concerns and taxpayer rights.
Meanwhile, the inauguration coincided with a protest by a coalition of civil society organisations, market women, students and youth groups outside the Ministry of Finance headquarters. The demonstrators called for reduced borrowing, greater transparency in public finance management and increased investment in social services.
The review exercise reflects the government’s effort to balance revenue generation with economic competitiveness and taxpayer confidence. The recommendations that emerge from the committee’s work are expected to play a significant role in shaping the next phase of Nigeria’s tax reform agenda and broader fiscal policy direction.
