
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, anticipates the Nigeria Tax Reform Bill will be enacted into law by the end of Q1 2025.
Speaking at the Lagos Chamber of Commerce and Industry’s 2025 Economic Review and Outlook Conference, Oyedele expressed optimism that national debates on the Tax Bill would intensify, with implementation expected by mid-2025.
He praised the proposed reforms, emphasizing their potential to enhance business competitiveness, reduce costs, and support small businesses.

Oyedele stressed that the reforms aim to address gaps in tax collection, including public sector abuses, and protect vulnerable low-income earners.
Oyedele expressed confidence in Nigeria’s fiscal outlook for 2025, noting that inflation may moderate as factors driving price increases in 2024 subside. He also suggested implementing a Producers’ Cost Index (PCI) alongside the Consumer Price Index (CPI) to better address inflation and improve fiscal policies.
The Tax Reform Bills include provisions to ease the burden on basic consumptions such as food, health, and education. Oyedele believes these reforms will benefit both businesses and households, helping Nigeria’s economy stabilize and grow.