Tax Reforms: Tinubu Moves to Reduce Multiple Taxation from 62 types to 8

The New Diplomat
Writer

Ad

2027: Reaction as Kachikwu Says Jonathan Has Offered Obi Key Role to Quit Presidential Race

By Abiola Olawale Dumebi Kachikwu, the 2023 presidential candidate of the African Democratic Congress (ADC), has claimed that former President Goodluck Jonathan is allegedly attempting to sway Peter Obi, the Labour Party’s 2023 presidential candidate, to abandon his 2027 presidential ambition. According to Kachikwu, Jonathan has allegedly dangled the position of Coordinating Minister of the…

Tears as Ex-minister, Audu Ogbeh, Dies at 78

By Abiola Olawale A former Minister of Agriculture and Rural Development, Chief Audu Ogbeh, is dead. Ogbeh, who was also a former National Chairman of the Peoples Democratic Party (PDP), was said to have passed away peacefully on Saturday, August 9, 2025, at the age of 78. This was contained in a statement released on…

How Obasanjo Got Angry at Me Over Diesel Deregulation – Otedola Opens Up

By Abiola Olawale Nigerian billionaire businessman, Mr Femi Otedola has shared a dramatic encounter with former President Olusegun Obasanjo over the 2004 diesel deregulation policy. This was detailed in his upcoming memoir, Making It Big: Lessons from a Life in Business, set for release on August 18, 2025, by FO Books. Otedola, then chairman of…

Ad

By Isaac Akerele

The Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, has said that the FIRS, in collaboration with President Tinubu’s committee on tax reforms and fiscal policy, is working to cut down the number of taxes in order to protect Nigerians from multiple taxation.

Speaking during the 2024 budget presentation of the Federal Inland Revenue Service (FIRS) to the senate committee on finance, Mr Zacch said the agency is consulting with state governments to achieve less volume of taxes for Nigerians which is the reason President Tinubu set up the committee on tax reforms.

“We are already consulting and engaging the state government on it. At the end of the day, we won’t have more than eight or nine taxes that the state and federal government would be collecting” he stated

He added that presently in Nigeria, there are 62 types of taxes being collected, and the sad news about that is that less than eight out of the entire 62, accounted for 97 per cent of the collection.

“President Bola Tinubu has seen the issue of multiple taxation as a pool of problems that is why he set up the presidential committee on tax reforms and fiscal policy”, he said.

Ad

X whatsapp