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flag Taiwo Oyedele proposes to raise Nigeria's VAT from 7.5% to 10% in 2025, consolidate taxes, and lower personal and corporate taxes.

flag Taiwo Oyedele, chair of Nigeria's Presidential Fiscal Policy and Tax Reforms Committee, has proposed a law to raise the Value Added Tax (VAT) from 7.5% to 10%, effective in 2025. flag The initiative also aims to consolidate various taxes and reduce personal income tax for those earning less than N1.5 million monthly, while lowering corporate tax from 30% to 25%. flag The proposal is set to be submitted to the National Assembly for consideration.

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