fiscal policy Archives - Independent Digital News Network

Senate Targets March 17 for Passage of ₦58.47tn 2026 Budget, Sets Tight Review Timetable

The Nigerian Senate has fixed March 17, 2026, for the final passage of the ₦58.47 trillion federal budget, unveiling an accelerated timetable for committee scrutiny, public hearings, and engagement with key economic managers. Lawmakers say the schedule is designed to balance speed with detailed oversight as fiscal pressures and reform expectations intensify.

Oyedele Says PAYE Cuts Are Raising Workers’ Take-Home Pay Under New Tax Laws

IDNN2 months ago2 months ago0

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, says PAYE cuts are already increasing workers’ take-home pay under Nigeria’s new tax laws. While acknowledging mixed feedback from employees, he insists early salary data confirms reduced deductions and higher net income for most workers, adding that further engagement with employers is underway to address implementation gaps

Nigeria Tax Reforms: Abbas Says Budget Will Grow Fivefold, Security to End in Four Years

IDNN6 months ago6 months ago0

Speaker Abbas told lawmakers tax reforms will multiply Nigeria’s budget fivefold and finance a four-year security turnaround, promising revenue-driven stability — but experts warn delivery will hinge on enforcement and corruption control.