Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has assured Nigerians that ongoing fiscal and tax reforms will create a more equitable and inclusive system that encourages participation rather than stifling economic growth.
Oyedele gave the assurance at the launch of the 2025 fourth edition of the Purple Book by the Policy Innovation Centre, themed “Who Pays, Who Gains? Centering Women, Youth and Informal Workers in Nigeria’s 2026 Tax Reform.”
The event brought together policymakers, development partners and civil society organisations to explore strategies for building a fairer tax system that reflects the realities of Nigeria’s diverse economic landscape.
Represented by Albert Folorunsho, a member of the Presidential Fiscal Policy and Tax Reform Committee, Oyedele said the reforms signal a major shift in Nigeria’s fiscal direction.
According to him, the government is pursuing a framework that not only strengthens revenue generation but also ensures fairness, particularly for vulnerable groups such as women, young people and informal sector workers.
He disclosed that Nigeria has already enacted four key legislations to modernise its tax system; the Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service Act, and the Joint Revenue Board Act.
These laws, he explained, are designed to simplify tax processes, improve compliance, and ensure a more transparent and efficient revenue system.
Participants at the event emphasised the need to centre tax policies around inclusivity, noting that a large portion of Nigeria’s workforce operates within the informal sector and is often left out of fiscal planning.
