Nigeria’s Minister of State for Finance, Taiwo Oyedele, has admitted that the country’s newly introduced tax reform laws contain errors, assuring that steps are already being taken to fix them.
Oyedele made this known during a discussion at the 2026 Nigerian Bar Association conference, where concerns were raised about inconsistencies in the new laws.
According to him, the errors occurred during the drafting process.
“Errors occurred due to manual processes and multiple stages of review,” Oyedele said.
He explained that corrective measures are already being included in a proposed finance bill to address the issues.
“What we need is a more transparent and reliable legislative process where every version of a law is publicly available,” he added.
The minister also assured Nigerians that the implementation of the tax reforms would not be unfair.
He said the reforms are built on “transparency, fairness, and clear policy intent,” and stressed that people should focus on the purpose behind the laws, not just the wording.
Oyedele further noted that the new tax system is designed to support low-income earners and small businesses.
“Nearly half of working Nigerians earn less than ₦70,000 monthly.
"Taxing them aggressively would be unjust,” he said.
The issue follows earlier concerns from lawmakers that the published version of the tax laws differed from what was passed by the National Assembly.
Authorities say the corrections will help improve clarity, fairness and trust in Nigeria’s tax system.
