Tinubu: Tax Reforms to Proceed as Planned from 2026
President Bola Tinubu confirms Nigeria's reformed tax laws will take effect on January 1, 2026, calling it a 'once-in-a-generation' fiscal reset. Read the full details.
Category : Search result: fiscal irresponsibility
N720bn Contractor Debt Scandal Indicts Nigerian Government
The Federal Government's N720 billion debt to local contractors is a moral failure, crippling businesses and halting projects. This editorial demands urgent action and transparency to fix Nigeria's broken contract system.
NAICOM: No Extension for Insurance Recapitalisation
NAICOM insists the July 30, 2026, recapitalisation deadline is fixed by law. NDIC says remitting 50% of earnings to govt hampers its Deposit Insurance Fund growth. Read the full details.
NDIC Reaffirms Fiscal Compliance, Seeks Stronger Capacity
NDIC reaffirms strict adherence to fiscal regulations while seeking exemption from a 50% cost-to-income policy to build a robust fund for protecting depositors. Learn about the strategic talks with MOFI.
ActionAid Raises Alarm Over 2026 Budget Sustainability
ActionAid Nigeria warns that the 2026 budget's financing and deficits threaten Nigeria's economy. The NGO calls for transparency and human development focus. Read more.
FIRS Replaced by NRS in Major Nigerian Tax Reform
Nigeria's FIRS is now the Nigeria Revenue Service (NRS) following landmark 2025 legislation. Discover how this shift promises transparency, efficiency, and a new era of public finance management for all citizens.
New Tax Laws to Take Effect Jan 1 as Scheduled
The Federal Government confirms Nigeria's new tax regime will begin on January 1, 2026. The reforms aim for a fairer, more efficient system to boost economic growth. Read the full details.
ActionAid Raises Alarm Over 2026 Budget Sustainability
ActionAid Nigeria warns the proposed N58.18 trillion 2026 budget threatens fiscal sustainability with a record deficit and weak social sector funding. Urgent reforms needed.
Group Slams FG Over NNPC's Multi-Trillion Naira Debt Waiver
CHRICED faults the Federal Government's waiver of $1.42bn and N5.57trn NNPC debt, calling it fiscally reckless and unconstitutional. Read the full details and demands for accountability.
Delta Govt Pledges Quality Projects, Welfare for Deltans
Delta State Government vows to prioritize citizen welfare and deliver high-quality, enduring infrastructure projects without borrowing, as stated by the Governor's spokesperson.
How Tinubu's 2026 Budget Aims to Fix Implementation Gaps
President Tinubu's N58.18 trillion 2026 budget promises to end the cycle of poor implementation and rollovers that plagued 2024 and 2025. Will stricter discipline and digital reforms deliver?
FG: New Tax Laws to Support Airlines, Not Harm Them
The Presidential Tax Committee clarifies that new tax reforms will aid Nigerian airlines by removing burdensome charges and improving cash flow, countering Air Peace CEO's warning of soaring fares.
Debt Servicing Cripples Africa's Development - Moghalu
Ex-CBN deputy governor Kingsley Moghalu reveals African nations spend more on debt than health & education combined. Nigeria allocates 70% of revenue to repayments. Discover the data blocking development.
State Assemblies Hastily Pass N34.63tr Budgets
Concerns grow as Nigerian state assemblies rapidly pass N34.63 trillion budgets with minimal scrutiny, eroding legislative checks and balances. Read the full analysis.
State Debt Rises by N94.79bn in Three Months
Nigeria's 36 states and FCT saw domestic debt rise to N3.96tn in Q2 2025. Experts warn of a structural crisis as debt servicing eats into funds for health and education. Read the full analysis.
Zulum Presents 2026 Borno Budget to State Assembly
Borno Governor Babagana Zulum presents the 2026 budget proposals to the State Assembly, setting fiscal priorities with a focus on education and healthcare. Stakeholders urged to attend.
Tax Reforms on Track for January 1 Implementation
The Federal Government confirms Nigeria's major tax reform laws will take effect as scheduled on January 1, 2026. The changes promise relief for 98% of workers and 97% of small businesses. Get the full details.
Why House Repealed 2024, 2025 Budget Acts - Agbese
The House of Representatives has clarified its repeal of the 2024 and 2025 Appropriation Acts, aiming to align Nigeria's budget with global standards and end multiple budgets by 2026. Read the full details.
Reps Explain Repeal of 2024, 2025 Budget Acts
The House of Representatives clarifies the repeal of the 2024 and 2025 Appropriation Acts, aiming for a single national budget by April 2026 to enhance transparency and fiscal discipline. Learn about the reforms.
LCCI: N15.52tr Debt Service a Huge Fiscal Burden
LCCI warns Nigeria's N15.52 trillion debt service allocation threatens economic stability. DG Chinyere Almona calls for stricter borrowing, revenue mobilisation. Read the full analysis.
January Tax Reforms Face Uncertainty Over Alteration Claims
Nigeria's planned January tax reforms face mounting opposition from lawmakers, labour, and civil society over allegations of unauthorised alterations. Calls grow for suspension pending investigation. Read more.
Senate Passes N58.47trn 2026 Budget, Revises 2024-25 Plans
Nigeria's National Assembly passes N58.47 trillion 2026 budget, approves revised N43.56trn and N48.31trn for 2024 and 2025, extending capital implementation to March 2026. Read the full details.
Nigeria's Oil Revenue Falls 64% Short of Target in Q1 2025
The Federal Government's Q1 2025 budget report reveals a massive N8.21 trillion shortfall in oil revenue and a N3.04 trillion fiscal deficit. Discover the key figures and causes behind this critical shortfall.
House Passes Revised N43.56tr, N48.31tr Budgets
Nigeria's House of Representatives approves revised 2024 and 2025 budgets, extending capital spending to March 2026. Key details on allocations and fiscal reforms inside.
House Passes Revised 2024, 2025 Budgets
Nigeria's House of Representatives approves revised N43.56tr 2024 and N48.31tr 2025 budgets, extending capital implementation to March 2026. Read the full breakdown of allocations and fiscal reforms.
DMO Issues Fresh Warning to States Over Borrowing Rules
The Debt Management Office urges state governments to strictly comply with borrowing laws to avoid loan approval delays. Learn the key guidelines for responsible debt management.
Presidency Denies Discrepancies in New Tax Laws
The Presidency has dismissed claims of alterations in the new tax laws signed by Tinubu. Taiwo Oyedele calls reports 'false and misleading' as controversy grows ahead of the January 2026 implementation.
ADC: 2026 Budget Built on Quicksand, More Debt
The African Democratic Congress (ADC) criticizes Tinubu's 2026 budget proposal, calling it fiscally reckless and a debt trap that mortgages Nigeria's future. Read their full analysis.
Tax Reforms Delay Will Keep 98% of Workers Overtaxed - Oyedele
Taiwo Oyedele warns that failure to implement new tax laws by January 1, 2026, will leave 98% of Nigerian workers overtaxed. He urges targeted amendments, not suspension.
Fiscal Indiscipline Fuels Nigeria's Budget Chaos
President Tinubu pushes non-performing budgets as weak parliament enables fiscal rascality. Analysis reveals alarming gaps in governance and unrealistic revenue targets. Read more.
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