Taiwo Oyedele: Nigerian Tax Reform Gains Strong Support with 90% Backing
Taiwo Oyedele, a key figure in Nigeria’s fiscal policy and tax reform efforts, revealed that 90% of Nigerians support proposed tax reforms.
The reforms, which are part of a broader tax restructuring initiative, aim to simplify the country’s tax system, with a focus on reducing the tax burden on low and middle-income earners.
Key changes include tax exemptions for individuals earning minimum wage and a reduction in taxes for those with lower incomes.
The reforms also seek to address issues like fiscal drag and tax avoidance. In addition, the tax system will be restructured to ensure a fairer distribution of resources across various sectors of society.