New withholding tax policy begins

The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July 2024 and published in the Official Gazette in October, the revised regulations became effective on January 1, 2025. Formally titled the “Deduction of Tax at Source (Withholding) Regulations,…

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Tinubu to Governors: You play vital role in driving development as governors,VP pay homage

President Bola Tinubu has sent a message to state governors, emphasising their vital role in driving Nigeria’s development and prosperity. The President’s message came during a New Year homage by Vice President Kashim Shettima and members of the Nigeria Governors Forum (NGF) at his Ikoyi residence in Lagos According to a statement by presidential spokesperson,…

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Tax Reform: We’ll show you our true colours, Bauchi Governor Bala Mohammed threatens Tinubu

Governor Bala Mohammed of Bauchi State has issued a pointed response to President Bola Ahmed Tinubu’s tax reform policies, describing them as potentially detrimental to states and warning of a united front against federal overreach. Speaking during a state function in Bauchi, Mohammed criticized aspects of the reform that he claims undermine the fiscal autonomy…

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