Tag: Tax

  • Germany to crack down on illicit work, tax evasion

    Germany to crack down on illicit work, tax evasion

    German Finance Minister Lars Klingbeil is planning reforms to intensify the crackdown on illegal work and tax evasion in a bid to increase state revenue, his ministry said on Tuesday.

    Tax evasion and undeclared work are to be fought with the utmost vigour, the ministry said.

    A bill designed to strengthen checks is set to be introduced in the Cabinet on Wednesday, it said.

    The legislation intends to enable the existing supervisory body to take more effective action against serious economic and organised crime.

    Klingbeil is also looking to improve data exchange between relevant authorities.

    The crackdown is set to focus in particular on employers who profit from illicit employment and violate minimum wage regulations, while exploiting workers and damaging the welfare state.

    Auditors are to take a close look at subcontractors, particularly in the construction sector, while reducing the number of checks for firms playing by the rules, it said.

    Meanwhile, investigators will be asked to scrutinise new sectors known to be hotspots for illicit employment, more specifically the hair dressing and beauty industry, including nail spas, according to government sources.

    In the future, employees in those sectors will be required to carry an ID at work and present it upon request during checks.

    A regulation had already been applied in the construction and catering sectors, for example.

    Employers would be required to immediately report new hires to the pension insurance authority.

    While hopes are that the changes would improve working conditions for employees in a range of sectors.

    The legislation also intended to generate some 2 billion euros (2.3 billion dollars) in additional revenue for the federal government, federal states, and social security funds by 2029, according to the ministry.

  • READ all you need to know about Tax Reform law

    READ all you need to know about Tax Reform law

    Read all you need to know about the Tax Reform law approved by President Bola TInubu today.

    Federal Inland Revenue Service (FIRS) will now become Nigeria Revenue Service (NRS)

    -The Nigeria Revenue Service (NRS) will now collect revenues previously handled by agencies such as the Nigeria Customs Service, NUPRC, NPA, and NIMASA.

    Tax exemption for workers earning ₦800,000 and below annually.

    -25% personal income tax applies only to individuals earning above ₦50 million annually.

    -Small businesses owners are exempted from paying income tax.

    -Company income tax for medium and large companies will be reduced from 30% to 25% starting in 2026.

    Value Added Tax (VAT) exemptions on essential goods and services consumed by the poor, including food items, medical services, pharmaceuticals, educational fees, and electricity.

    -VAT remains at 7.5%, and corporate income tax stays at 30%. NO INCREMENT!

    Introduction of a Development Levy ranging from 4% to 2%, allocated to support the NELFUND, TETFund, NITDA, and NASENI.

  • How new tax laws will shape Nigeria – Tinubu

    How new tax laws will shape Nigeria – Tinubu

    President Bola Tinubu has signed four landmark tax reform bills into law, marking what he called a bold new era of economic governance.

    ‎The brief ceremony was held on Thursday at the State House, Abuja, with the leadership of the National Assembly led by Senate President Godswill Akpabio and House Speaker Tajudeen Abbas, in attendance.

    ‎The four new Acts are the Nigeria Tax Bill (Fair Taxation), Tax Administration Bill, Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

    ‎Tinubu emphasised that the reforms are not just administrative but will reshape the nation’s tax landscape for the better.

    ‎He said the new laws introduce Nigeria’s first major pro-people tax cuts in decades, aimed at reducing the burden on ordinary citizens.

    ‎The President noted that the new laws will provide targeted relief for low-income earners, small businesses, and struggling families, helping them retain more of their hard-earned income.

    ‎According to Tinubu, the policy will unify Nigeria’s fragmented tax system, cut red tape, and eliminate overlapping functions across agencies.

    ‎He said that the reforms are designed to boost investor confidence, enhance transparency, and foster better coordination among tax authorities at all levels.

    The President  transmitted the proposed legislation to the National Assembly on October 3, 2024.

  • What to expect as Tinubu signs 4 tax bills into law on Thursday

    What to expect as Tinubu signs 4 tax bills into law on Thursday

    President Bola Tinubu will on Thursday sign into law, four critical tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.

    ‎The Presidential Spokesperson, Mr Bayo Onanuga, disclosed this in a statement on Wednesday in Abuja.

    The bills are: The Nigeria Tax Bill, The Nigeria Tax Administration Bill, The Nigeria Revenue Service (Establishment) Bill and the Joint Revenue Board (Establishment) Bill

    ‎The bills were passed by the National Assembly following extensive consultations with various interest groups and stakeholders.

    ‎Onanuga said once enacted, the new tax laws are expected to significantly improve tax administration in the country.

    He said they are also projected to enhance revenue generation, improve the business environment, and boost both domestic and foreign investment.

    ‎According to him, the Nigeria Tax Bill (Ease of Doing Business), aims to consolidate Nigeria’s fragmented tax laws into a harmonised statute.

    He said by reducing the multiplicity of taxes and eliminating duplications, the bill seeks to enhance the ease of doing business and reduce taxpayer compliance burdens.

    ‎”The Nigeria Tax Administration Bill, the second piece of legislation, will establish a uniform legal and operational framework for tax administration across the federal, state, and local governments.

    “‎The third bill, the Nigeria Revenue Service (Establishment) Bill, repeals the existing Federal Inland Revenue Service Act and establishes a more autonomous, performance-driven national revenue agency— the Nigeria Revenue Service (NRS).

    ‎The fourth bill, the Joint Revenue Board (Establishment) Bill, provides for a formal governance structure to foster cooperation between revenue authorities at all levels of government.

    ‎It will also introduce essential oversight mechanisms, including the establishment of a Tax Appeal Tribunal and an Office of the Tax Ombudsman,” he said

    Onanuga said the historic signing ceremony at the Presidential Villa, Abuja, will be witnessed by the Senate President and the Speaker of the House of Representatives.

    ‎Other attendees will include the Senate Majority Leader, the House Majority Leader, the Chairmen of the Senate and House Committees on Finance.

    ‎The Chairman of the Nigeria Governors’ Forum, Chairman of the Progressive Governors’ Forum, Minister of Finance and Coordinating Minister of the Economy, and the Attorney General of the Federation will also be in attendance.

  • Finally, NASS transmits tax reform Bills to TInubu for assent

    Finally, NASS transmits tax reform Bills to TInubu for assent

    Finally , the National Assembly has transmitted a set of four critical and controversial tax reform bills to President Bola Ahmed Tinubu for assent, marking a major step in the administration’s drive to modernise Nigeria’s tax system.

    Chairman of the Senate Committee on Media and Public Affairs, Senator Yemi Adaramodu, confirmed the transmission during a press briefing held Tuesday at the National Assembly Complex in Abuja.

    The bills – Joint Revenue Board (Establishment) Bill, Nigeria Revenue Service (Establishment) Bill, Nigeria Tax Administration Bill, and Nigeria Tax Bill have been the subject of intense debate, particularly in northern Nigeria, where several governors and stakeholders expressed concerns that the reforms might undermine regional interests.

    “These bills have now been transmitted. It is out of our hands and on its way to the executive,” Senator Adaramodu stated, adding that the legislative process was thorough, involving rigorous legal and procedural reviews to ensure compliance with existing laws.

    Originally proposed by President Tinubu in November 2024, the tax reforms are a cornerstone of his administration’s fiscal strategy, aimed at expanding the national tax base, improving collection efficiency, and strengthening coordination between federal, state, and local governments.

    The harmonised versions of the bills were adopted by both the Senate and the House of Representatives on May 25, 2025.

    “Tax bills like these require careful scrutiny,” Adaramodu explained. “Legal departments in both chambers ensured alignment with existing statutes before the final transmission to the Presidency. Once harmonised, the Clerk of the National Assembly prepares the documents for endorsement by the Senate President and House Speaker.”

    Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas have signed off on the final documents.

    Senate President Akpabio had earlier praised the efforts of the National Assembly, describing the passage of the tax reform bills as a reflection of “strategic leadership, national interest, and inclusive legislative engagement.”

    “These landmark tax bills will add immense value to governance and transform how taxes are collected, administered, and shared across Nigeria,” he noted.

    Now awaiting presidential assent, the bills represent one of the most comprehensive overhauls of Nigeria’s tax architecture in recent years.

  • Bold tax reforms already yielding results – Tinubu

    Bold tax reforms already yielding results – Tinubu

    President Bola Tinubu on Thursday said one of his administration’s most impactful achievements was its bold tax reform agenda, which had started yielding results.

    The President said this in a statement to mark the second anniversary of his administration.

    He said by the end of 2024, the country’s tax-to-GDP ratio rose from 10 per cent to over 13.5 per cent, a remarkable leap in just one year.

    He said this was a result of deliberate improvement in tax administration and policies designed to make the tax system fairer, more efficient and more growth-oriented.

    “We are eliminating the burden of multiple taxation, making it easier for small businesses to grow and join the formal economy. The tax reforms will protect low-income households and support workers by expanding their disposable income.

    “Essential goods and services such as food, education, and healthcare will now attract 0 per cent VAT. Rent, public transportation, and renewable energy will be fully exempted from VAT to reduce household costs further.

    “We are ending the era of wasteful and opaque tax waivers. Instead, we have introduced targeted and transparent incentives supporting high-impact manufacturing, technology, and agriculture sectors,” said Tinubu.

    He added that these reforms were not just about revenue but about stimulating inclusive economic growth.

    For instance, he said, there was a deliberate focus on youths, who a friendlier tax environment for digital jobs and remote work would empower.

    He said through export incentives, Nigerian businesses would be able to compete globally.

    Tinubu added that his administration’s National Single Window project has streamlined international trade, reduced delays, and enhanced Nigeria’s competitiveness.

    “To promote fairness and accountability, we are establishing a Tax Ombudsman, an independent institution that will protect vulnerable taxpayers and ensure the system works for everyone, especially small businesses.

    “Most importantly, we are laying the foundation for a more sustainable future by introducing a new national fiscal policy.

    ”This strategic framework will guide our approach to fair taxation, responsible borrowing, and disciplined spending.

    “These reforms are designed to reduce the cost of living, promote economic justice, and build a business-friendly economy that attracts investment and supports every Nigerian.

    “Together, we are creating a system where prosperity is shared, and no one is left behind,” the President stated.

    Tinubu restates commitment to security, safety of Nigerians

    President Bola Tinubu says his administration is committed to the security and safety of Nigerians.

    The president said this in a statement on Thursday to mark the second anniversary of his administration.

    “Without a responsive and reliable national security infrastructure that can protect lives and properties, our economy will not perform optimally, and those who seek to harm us will impair and disrupt our way of life.

    “For our government, protecting our people and their peaceful way of life is the utmost priority,” said Tinubu.

    He stated that his administration had improved collaboration among security agencies, increased intelligence-driven operations, and better ensured the welfare of the armed forces and security personnel.

    “I use this opportunity to salute the courage and everyday sacrifice of our service men and women.

    “We may not always witness the tremendous efforts they make to keep us safe, but we benefit every day from the results of their dedication.

    “Even if we do not thank them often enough, they willingly face danger so we can go about our lives freely and without fear.

    “Our military, police, and intelligence agencies are committed to always responding to emerging security threats and new challenges because it is the patriotic duty they owe a grateful nation,” the president stated.

    He said amid the new security challenges, he could report some successes.

    Tinubu said in some areas of the North-West hitherto under the control of bandits, the gallant armed forces had restored order, reducing and eliminating threats to lives and livelihoods.

    With the success achieved, he said, farmers were back tilling the land, and that highways, hitherto dangerous for travellers, had become safer.

    “Our security agencies have succeeded many times in rescuing the abducted citizens from the hands of their tormentors.

    “I promise you, we shall remain vigilant, as I told security chiefs during the last meeting to up their game and collaborate to end this plague of evil men. Every Nigerian deserves to live without fear,” the president reassured.

  • Two hundred years after: The evil French freedom tax on Haiti – By Owei Lakemfa

    Two hundred years after: The evil French freedom tax on Haiti – By Owei Lakemfa

    It was a day of mourning. Thursday, April 17, 2025 was exactly 200 years France imposed an evil tax on Haiti for daring to stop slavery and securing its independence. Haiti, until today, is in deep crises mainly due to the debilitating effects of that criminal tax and, interferences by Europe and the United States, US.

    Haiti struck a death blow against slavery and colonialism by militarily defeating combined French and British forces after a 13-year war of liberation which began on August 21, 1791. It was initially an uneven war in which the European armies had vastly superior military advantages, and the revolt was thought a walkover. But the enslaving countries did not factor in the determination of a people to free themselves from being owned like cattle. Despite the frightening casualties of over 350,000 Black people killed in the revolt, the revolutionaries never gave up. For them, it was either victory or death. The Europeans did not concede defeat until about 75,000 of them had been killed. The British were the first to flee, abandoning their French first cousins. Then the French followed, and the heroic Haitians on January 1, 1804 declared independence.

    The revolution produced some of the most brilliant fighters in world history: Toussaint Louverture, who led the revolt until his capture in 1802 and subsequent death in a French prison, and his successor, Jean-Jacques Dessalines.

    After militarily breaking the back of the Europeans, Dessalines on June 23, 1803 wrote US President Thomas Jefferson. The revolutionaries had seized a US ship, The Federal. Dessalines in releasing the ship, sent the letter through its captain, Nehemiah Barr. In it, he indirectly justified the Haitian Revolution on the basis of the US revolt against British colonialism. He also gave an update: “The people of Saint-Domingue (Haiti) tired of paying with our blood the price of our blind allegiance to a mother country that cuts her children’s throats, and following the example of the wisest nations, have thrown off the yoke of tyranny and sworn to expel the torturers. Our countryside is already purged of their sight. A few cities are still under their domination but have nothing further to offer to their avid rapacity.” He then assured Jefferson of good trade between their nations.

    After independence, Dessalines the new leader declared: “It is not enough to have expelled the barbarians who have bloodied our land for two centuries … We must, with one last act of national authority, forever assure the empire of liberty in the country of our birth; we must take any hope of re-enslaving us away from the inhuman government …. In the end we must live independent or die.”

    However, the sins of Haiti were not just its humiliation of European super powers by Black people employing superior military strategies and powers. For the Europeans, this first successful slave revolt was a bad example for all enslaved, colonised or oppressed peoples. The pointed lesson of the Haitian Revolution is that all oppressed people can liberate themselves no matter how powerful their oppressors.

    Perhaps the greatest danger the Haitian Revolution posed to the European enslavers and colonialists was its helping to free some other colonies like Brazil, Bolivia, Venezuela, Nicaragua, Ecuador, Colombia, Panama, Costa Rica, Northern Peru and Guyana.

    The Europeans were also alarmed that the Haitians planned to send liberation fighters to free Africa from the colonial masters. Dessalines had asked rhetorically: “The Blacks whose fathers are in Africa, will they have nothing? He was assassinated two years after independence.

    But the Europeans would not allow Haiti breathe; France and Britain imposed a blockade making it difficult for Haiti to trade. Finally in 1825, France, with the backing of some European countries, sent a massive expedition to Haiti and, with military threat to invade the young nation, imposed a tax of 150 million francs or today’s US$105 billion. It said the tax was compensation to the French government and former French slave owners for their loss of revenue from colonialism and slavery.

    The amount was three times the GDP of Haiti and the country, faced with military invasion and an economy weakened by blockade, was forced to agree. It took Haiti 122 years to pay this evil tax through French banks and the US Citibank.

    The French ransom tax was paid off in 1947 leaving the Haitian economy in poor shape. But tragically, a conscienceless dictatorship backed by the Europeans took over the country ten years later. It was led by Francois Duvalier alias “Papa Doc” which not only brutalised the citizenry and stole the country blind, but also vastly increased its debts. When he died in 1971, his son, Jean-Claude Duvalier alias “Baby Doc” continued the brutal dictatorship. He ruled for 15 years until a mass revolt in February, 1986 ended his rule.

    In the 29-year iron rule by the Duvaliers, 40,000 – 60,000 Haitians were killed and many more tortured and injured. To achieve this level of bestiality, the Duvalier dynasty ran its own private militia called the Tontons Macoutes. Also, hundreds of thousands fled the country.

    The post-Duvalier era was not so bright. By 1990, the country used 80 per cent of its income for debt repayment. The main leader that made a difference was Father Jean-Bertrand Aristide who was elected President in December, 1990 after winning 67 per cent of the votes. He was overthrown in September 1991 for embarking on pro-poor schemes such massive education, healthcare and empowerment programmes. He was reinstated in 1994 through US pressures. He lost elections the following year but was re-elected in 2000 with 92 per cent of the votes. However, Aristide was again overthrown in a 2004 coup which he said was carried out by France and the US.

    Meanwhile the centre could no longer hold in Haiti, a situation worsened by a 2010 category 7 earthquake in which 222, 570 were killed, over 300,000 injured and 1.3 million displaced.

    Haitian President Jovenel Moise was on July 7, 2021 assassinated in his home by foreign mercenaries. Haiti has since degenerated into a state of lawlessness under the control of armed gangs.

    There is the need for the African Union, AU, in collaboration with the Caribbean Community, CARICOM, to fund a solution.

    They should also get the United Nations to resume its stabilisation mission which it has abandoned since April 13, 2017. This will be an independent force compared to Kenyan policemen backed by countries with private interests. The Haitian situation is a human, not race problem. So, all humanity should join hands in ensuring a solution.

    Meanwhile, France should refund the freedom tax it started extorting from Haiti, 200 years ago. You want to see the face of a thief? Look at France.

  • Edo Private school owners protest over alleged heavy tax

    Edo Private school owners protest over alleged heavy tax

    Private school owners in Edo on Friday, staged a peaceful protest in Benin over what they described as an “alarming increase” in personal income taxes imposed by the state government.

    Operating under the aegis of the Coalition of Associations of Private Schools (CAPS), the school proprietors, carrying placards and banners, gathered at the Ministry of Education to register their grievances.

    CAPS comprises the Association of Private School Owners of Nigeria (APSON), Association of Formidable Education Development (AFED), National Association of Proprietors of Private Schools (NAPPS), and Association of Islamic Model Schools.

    The protesters urged the state government to reverse a tax hike they said ranged from 200 to 4000 per cent, describing it as punitive and unsustainable.

    Dr Ohis-Olakhe Emmanuel, Chairman of the coalition and leader of the protest, said the group had exhausted all avenues for dialogue before resorting to the demonstration.

    “Private schools not only complement government efforts in the education sector but are also major employers of labour.

    With this increase, over 300,000 teachers are at risk of losing their jobs, not to mention the many vendors and service providers who relied on schools for their livelihoods,” he said.

    He criticised the method of tax computation, which he said was based on a per-student estimate of N30,000 to N35,000, in spite of the fact that most schools were charging far less.

    He stressed that taxes should be based on profit, not gross income, considering operational expenses.

    Dr Austin Igbasan, Secretary of the coalition, warned that the tax increase would trigger a ripple effect, including school closures, job losses, and a rise in the number of out-of-school children, particularly among low-income families.

    Echoing these concerns, Mr Oladele Ogundele, Secretary of AFED, called for a harmonised tax regime for school proprietors.

    He listed multiple levies imposed on schools, including personal income tax, PAYE for staff, renewal fees, environmental and health certificates, signage fees, and tenement rates.

    “Education is a social service and should be supported, not taxed into extinction.

    “The Nigerian Constitution and the Universal Basic Education Act emphasise free and compulsory education. This level of taxation contradicts that principle,” Ogundele said.

    Responding, Edo Commissioner for Education, Mr Paddy Iyamu, assured the protesters that the government would review their demands.

    He promised to convene a meeting with the Edo Internal Revenue Service (EIRS) to address the concerns raised.

    “Taxes are necessary for the government to meet its obligations, but we will ensure schools are not overburdened,” Iyamu said.

    He also urged schools falling short of minimum standards to take corrective steps, warning that the government would soon begin strict enforcement actions.

  • NGX Group announces profit before tax for 2024

    NGX Group announces profit before tax for 2024

    The Nigerian Exchange Group (NGX Group) says it recorded a profit before tax of N13.6 billion, marking 157.3 per cent year-on-year growth.

    The group said this in its 2024 audited financial results sent to the Exchange as corporate disclosure and signed by the Acting Company Secretary, NGX, Mr Izuchukwu Akpa, on Saturday in Lagos.

    Akpa said that the performance was driven by robust revenue expansion, strategic cost optimisation, and increased market participation, reflecting the group’s resilience and financial strength.

    According to him, the group’s gross earnings surged by 103.2 per cent to N24.0 billion in the 2024 financial year, up from N11.8 billion in the previous year.

    He said this was propelled by significant growth across key revenue streams as transaction fees rose 64.0 per cent, driven by heightened market activity.

    “Listing fees increased by 397.1 per cent, reflecting stronger capital market participation. Technology related income grew by 105 per cent reflecting the success of the group’s digital transformation efforts.

    “Other fees recorded a 174.8 per cent growth, reinforcing the group’s diversified revenue base. Treasury investment income climbed 45.6 per cent, highlighting NGX Group’s effective asset management.

    “Market data revenue grew by 100.5 per cent, contributing to a 102.6 per cent rise in other income, which now accounts for 29.6 per cent of gross earnings,” he said.

    Akpan noted that the group also recorded the highest dividend in its history.

    He said that in recognition of the exceptional performance, the Board of Directors had approved a final dividend of N4.4 billion, translating to N2.00 per share which was the highest dividend payout in the group’s history.

    “This decision reaffirms NGX Group’s commitment to delivering value to shareholders while maintaining a strong capital position,” he added.

    Commenting on the results, its Group Chairman, Dr Umaru Kwairanga, said, “These results mark a pivotal moment in NGX group’s post-demutualisation growth journey, reinforcing investor confidence in our long-term vision.

    “The approval of a record N4.4 billion dividend demonstrates our unwavering commitment to rewarding shareholders while positioning NGX Group as a key driver of capital market development.

    “As we continue to invest in market infrastructure and innovation, we remain focused on creating sustainable value for all stakeholders.

    “The NGX Group under my leadership is focused on harnessing the entrepreneurial and innovative spirit of Nigeria’s private sector to drive the economy to greater heights.”

    Kwairanga noted that the the NGX’s outstanding financial performance in 2024 reflected the success of its strategic expansion and innovation agenda.

    He said this included the launch of NGX Invest, which had facilitated N1.845 trillion in capital raises for the banking sector, enhancing liquidity and investor participation.

    He said another strategy was the expansion into new markets, marked by a strategic investment in the Ethiopian Securities Exchange (ESX), reinforcing the group’s regional footprint.

    “Also, workforce optimisation and operational efficiency initiatives, leading to improved cost management and productivity is also one of the strategic milestones that drove growth in 2024,” he said.

    Also, Mr Temi Popoola, NGX’s Group Managing Director and Chief Executive Officer, said, “NGX Group’s remarkable performance in 2024 reflects our strategic focus on execution, operational excellence, and innovation.

    “The 157.3 per cent increase in profit before tax underscores the strength of our execution strategy and the dedication of our team.

    “This is by leveraging technology, expanding market data solutions, and strengthening our partnerships, we have built a more resilient and diversified business model that positions us for sustained growth.”

    Looking ahead, Popoola said that the group remained committed to deepening market participation, broadening investment opportunities, and driving efficiency across the capital market ecosystem.

    “We will continue investing in innovation, enhancing market infrastructure, and developing new platforms that improve accessibility and attract a wider range of investors.

    “Through these efforts, we are shaping NGX Group into a leading force in Africa’s financial landscape, delivering sustainable value for all stakeholders”.

  • BDC operators seek exemption from excise taxes

    BDC operators seek exemption from excise taxes

    The Association of Bureau De Change Operators (ABCON) on Thursday sought the exemption of excise taxes on foreign exchange transactions.

    Excise duty is a tax charged on manufactured goods; levied at the time of manufacture.

    Its President, Alhaji Aminu Gwadabe, made the request at the House of Representative’s Public Hearing on Tax Reform Bill in Abuja.

    Gwadabe, represented by the Chairman, North Central Zone, Mr Thomas Okoye, prayed the lawmakers to exempt excise taxes on transactions by licensed and regulated Bureaux De Change (BDCs) to avoid over-generalisations.

    Gwadabe warned that excise tax on foreign exchange transactions would exacerbate the exchange rate volatility in the market if applied to licensed bureaux.

    “The policy lacks clarity as the excise tax is on parallel market activities. It will be transferred to end users; it would worsen inflation as we depend highly on importation,” he said.

    The BDC President also warned that excise tax on foreign exchange transactions would lead to unemployment.

    Gwadabe also sought a review of the new Central Bank of Nigeria (CBN) capital financial requirements of five hundred million naira and two billion naira category for BDC licensing.

    Also speaking, the Comptroller-General of Customs, Bashir Adeniyi, solicited closer collaboration with the Nigeria Export Processing Zones Authority (NEPZA).

    Adeniyi said that such collaboration would enhance efficiency in the supervision and regulation of the movement of goods into Nigeria.

    The three-day Public Hearing on the Tax Reform Bill by the House of Representatives has come to an end.