The new tax reform rules in Nigeria have certain mistakes, and now even the minister of state for finance, Taiwo Oyedele, has acknowledged this.
On the other hand, he promised that steps to fix the problems have already been taken.
During his speech at the Nigerian Bar Association’s 2026 annual conference, Oyedele made the announcement public.
His admission that procedural errors caused contradictions to surface during lawmaking was detailed in a Friday statement by the Presidential Fiscal and Tax Reforms Committee.
Oyedele pleaded with Nigerians to be patient as lawmakers investigate the claims of inconsistencies.
Errors in the drafting and legislative processes were “caused by manual processes and multiple stages of review,” as Oyedele conceded.
On the other hand, he promised that a planned budget bill would settle the problems.
He argued that the legislative process needed to be more open and trustworthy, with all versions of laws being made publicly available.
Oyedele emphasised that the tax reforms would not be enforced arbitrarily, highlighting that the policy was founded on openness, equity, and apparent purpose.
Investors will get the incorrect message if policies can be changed at will. He stressed the need of being consistent.
Let us recall that on December 17, 2025, a politician from Sokoto State named Abdussamad Dasuki claimed that the tax legislation that were circulated did not match the ones that were passed by parliament.
His disclosure caused a stir, and the national assembly quickly formed a panel to investigate the inconsistencies.
the new tax regulations were signed into law on June 26, 2025, and they went into force on January 1, 2026.