The National Assembly has announced plans to review and clarify alleged inconsistencies in recently gazetted tax legislation, officials confirmed. The move aims to ensure that the tax framework aligns with existing fiscal policies and provides clear guidance for businesses and citizens across the country.
The issue arose after stakeholders in the private sector and civil society raised concerns over perceived ambiguities in the recently enacted tax acts. Lawmakers indicated that the review would examine specific provisions, reconcile differences, and provide guidance to relevant regulatory and enforcement agencies.
The House of Representatives and Senate have scheduled committee hearings to assess the concerns formally. Officials stressed that the review is part of the legislative oversight function, ensuring that statutory instruments comply with established legal and economic frameworks. The clarification process will involve inputs from the Federal Inland Revenue Service (FIRS), state tax authorities, and representatives of business associations.
Experts note that clarity in tax legislation is critical for investment confidence, revenue collection, and compliance. Ambiguities can lead to administrative challenges, disputes, and potential revenue shortfalls, particularly affecting small and medium-sized enterprises (SMEs) and urban businesses that form the backbone of Nigeria’s economy.
The Ministry of Finance stated that collaboration with the National Assembly is ongoing to ensure alignment between fiscal policy objectives and legal provisions. Authorities emphasised that the clarification exercise is aimed at promoting transparency, reducing compliance burdens, and fostering economic growth.
Several professional associations and business groups have welcomed the review. They highlighted the importance of predictable tax structures for planning, investment, and entrepreneurial activity. Clarity in taxation laws also supports digital economy initiatives and formal sector development, which are key priorities for Nigeria’s urban and youth-driven markets.
Legislators assured that public consultation would form part of the process, allowing stakeholders to submit feedback and recommendations. The review is expected to result in updated guidance notes or amendments to the gazetted acts where necessary, strengthening legal certainty and accountability.
Analysts suggest that a proactive approach to resolving discrepancies in tax legislation can improve governance, enhance compliance, and build confidence among domestic and foreign investors. It also reflects a broader commitment to institutional integrity and policy coherence in Nigeria’s economic governance.
The National Assembly has encouraged businesses, tax practitioners, and civil society actors to engage constructively in the process. Authorities reaffirmed their commitment to ensuring that the tax framework supports equitable revenue generation, public service delivery, and long-term economic stability.
