Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has revealed that he has received threats due to his role in implementing Nigeria’s tax reforms.
He explained that the resistance comes from entrenched interests benefiting from loopholes and inefficiencies in the current tax system.
Oyedele stressed that the reforms aim to simplify tax administration, widen the tax net, ensure fairness, and increase government revenue, without unduly burdening ordinary citizens or small businesses.
He highlighted Nigeria’s low tax-to-GDP ratio as a major barrier to national development, limiting funds for infrastructure, healthcare, education, and social services.
Related News:
Tinubu’s Proposed Tax Scheme: Another Heavy Burden on the Masses
Nigeria’s New Tax Law Brings Fairer System and Stronger Revenue
Oyedele acknowledged concerns about introducing reforms during economic hardship but argued that delaying changes would worsen long-term fiscal challenges and continue reliance on borrowing.
He urged constructive engagement, calling on critics to focus on facts rather than misinformation, and emphasized transparency and accountability throughout the reform process.
Despite the threats, Oyedele reaffirmed his commitment to the reform agenda, insisting personal intimidation would not derail efforts to overhaul the tax system.
He highlighted that the reforms are part of a broader strategy to stabilise the economy, reduce fiscal deficits, and promote inclusive growth, and assured Nigerians that their interests remain central.
The initiative reflects the government’s determination to create a fairer, more efficient tax system for the country’s long-term develop