Echotitbits – Nigeria News

Tag: taxes and levies

  • Kogi signs two revenue bills to align state collections with Nigeria’s new tax reform direction

    Kogi signs two revenue bills to align state collections with Nigeria’s new tax reform direction

    2026-01-02 09:00:00
    Figures cited by Punch show Kogi State has signed into law two revenue-related bills intended to strengthen tax administration and align with the Federal Government’s broader tax reform agenda.

    The measures include a state internal revenue service establishment framework and a harmonised approach to collecting taxes and levies, presented as a way to boost transparency and reduce leakages.

    Officials argue that clearer rules can improve compliance and expand the revenue base beyond a narrow set of collection points, if the rollout avoids harassment and multiple taxation traps.

    Validation: The Guardian reported Kogi “signed into law two key revenue bills” aligned with the federal reform direction. PM News echoed the expected impact, quoting a government statement that the move is “expected to boost state revenue, enhance transparency, and promote economic growth.”

    Echotitbits take: Tax reform succeeds or fails in execution. Watch for whether Kogi digitises collections, curbs informal levies at local levels and sets a credible appeals process—business confidence depends on predictability, not just new laws.

    Source: The Punch — 2026-01-02 (https://punchng.com/kogi-gov-signs-tax-reform-laws/)
    The Punch 2026-01-02

    Photo Credit: The Punch

  • Kwara passes harmonised taxes bill to curb multiple levies and boost collections

    Kwara passes harmonised taxes bill to curb multiple levies and boost collections

    2025-12-31 09:35:00

    Reporting by The Nation indicates the Kwara State House of Assembly has passed a harmonised taxes and levies bill aimed at streamlining revenue collection and reducing multiple taxation across the state.

    Lawmakers said the legislation is designed to clarify approved charges, cut leakages, and improve compliance for businesses and residents, with next steps focused on transmitting a clean copy for executive assent.

    The move aligns with broader sub‑national efforts to expand internally generated revenue while keeping the tax environment predictable for investors.

    New Telegraph reported the assembly “passes harmonised taxes, levies bill into law,” while Western Post also said lawmakers “pass Harmonised Taxes and Levies Bill into law.”

    Echotitbits take: Harmonisation only works if enforcement is disciplined—no parallel ‘task forces’ or informal collectors. Watch implementation rules, dispute‑resolution mechanisms, and how the state balances revenue goals with SME survival in 2026.

    Source: The Nation — December 31, 2025 (https://thenationonlineng.net/kwara-assembly-passes-harmonised-taxes-levies-bill-into-law/)

    The Nation December 31, 2025

    Photo Credit: The Nation