Nigeria’s minister of state for finance, Taiwo Oyedele, has finally admitted that Nigeria’s new tax reform laws contain errors.
He, however, assured that corrective measures are already underway to address the identified issues.
Oyedele made the known while speaking recently at the 2026 annual conference of the Nigerian Bar Association (NBA).
According to a statement from the Presidential Fiscal and Tax Reforms Committee on Friday, he admitted that inconsistencies emerged during the law-making process due to procedural lapses.
Oyedele urged Nigerians to await the outcome of the legislative probe into the alleged discrepancies.
Oyedele admitted, “That errors occurred due to manual processes and multiple stages of review” in the drafting and legislative process.
He, however, assured that the issues would be addressed through a proposed finance bill aimed at making corrections.
“What we need is a more transparent and reliable legislative process where every version of a law is publicly available,” he said.
Oyedele stressed that enforcement of the tax reforms would not be arbitrary, noting that the policy was anchored on transparency, fairness, and clear intent.
“If policies can change overnight, it sends the wrong signal to investors. Consistency is critical,” he said.
Recall that on December 17, 2025, Abdussamad Dasuki, a member of the House of Representatives from Sokoto State, had alleged that the versions of the tax laws in circulation differed from what lawmakers passed.
His revelation has sparked confusion; thereafter, the national assembly set up a committee to address the discrepancies.
DAILY POST reports that new tax laws took effect on January 1, 2026, after signing the tax bills on June 26, 2025.
Eze Chidiebere Paul
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