We won't be increasing tax rates - FG

The government's proposal, according to the tax expert, was to consolidate the nation's more than 60 formal taxes into a single tax number.According to the federal government, there are no intentions to raise taxes or put further obligations on the nation's tax-paying residents.On Tuesday, August 15, 2023, Taiwo Oyedele, the chairperson of the Presidential Committee on Fiscal Policy and Tax Reforms, responded to rumors that the administration intended to raise taxes. The government's proposal, according to the tax expert, was to consolidate the nation's more than 60 formal taxes into a single tax number. He claims that the goal is to be able to lower the amount to a single digit so that you do not have to pay at any level of government.