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Oyedele: 98% of workers to be exempted from PAYE

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Majority of Nigerian workers will not pay tax on what they earn when the new law takes effect in January.

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, said about 98 per cent of Nigerian workers will be exempted from Pay-As-You-Earn (PAYE) .

Oyedele spoke during a session at the ongoing 31st Nigerian Economic Summit (NES31) in Abuja.

Under the new tax structure, he said, poor Nigerians would be exempted from personal income tax, while high-net-worth individuals would be subject to higher rates.

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“The poor will not pay personal income tax,” he said.

“Those who earn more and have greater means will pay more. That is how fairness works in a modern economy.”

Oyedele stated that small and low-income companies would also enjoy tax exemptions to strengthen their operations and create more jobs.

He said: “We are considering tax-exempt stickers for nano businesses to protect them from harassment by state and local government officials.

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“These are the smallest operators — street vendors, petty traders, artisans — they should be allowed to thrive.”

He explained that the tax reforms are designed to protect low-income earners and those living around the poverty line, while ensuring a more equitable and efficient tax system.

“The more inequality you create, the more time bomb you have,” Oyedele said.

“These reforms are designed to strengthen governance around revenue generation, improve accountability, and ensure that tax revenues are effectively utilised.”

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According to him, the comprehensive tax reforms, which form part of President Bola Tinubu’s broader fiscal policy agenda, aim to enhance Nigeria’s sovereign credit rating, lower borrowing costs for both government and businesses, and stimulate private-sector investment.

Oyedele said the reform effort was not without personal risk, revealing that he had received death threats because of his role in driving the initiative.

“Reform is tough,” he said. “I have suffered all kinds of things, including death threats. But I am not scared. I recently celebrated my 50th birthday.

“Even if anything happens, I have done my bit. The reforms belong to Nigerians. The reforms don’t belong to Mr. President.”

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He said the reforms seek to build a fairer system in which wealthy individuals and large corporations contribute more to the country’s development.

“If we don’t pay our taxes in an orderly manner, we’ll pay them in a disorderly manner.

“We’ve seen that in the past few years with over N30 trillion printed, which is part of the inflation we’re dealing with and the devaluation of the naira.

“We don’t want that to happen. We’ve seen countries like Zimbabwe where prices double every other day.”

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Responding to concerns that state and local governments might resist the reforms, Oyedele assured that members of the Joint Tax Board (JTB), representing all 36 states and the FCT, were fully part of the committee’s deliberations and had expressed support for the new framework.

According to him, the new system would not deprive states of revenue but would, in fact, help them earn more from the Federation Account without burdening vulnerable citizens.

“Last year, all the states generated N3.36 trillion from taxes imposed on their people,” he said.

“If that N3.36 trillion is not generated in 2026, the states will not do worse. We are convinced that no state will be bankrupt. We can’t do better by not taxing our most vulnerable.”

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Oyedele cited recent improvements in national revenue distribution as evidence that the fiscal reforms were already beginning to yield results.

“Last month, the Federation Account Allocation Committee (FAAC) shared N2.2 trillion to the three tiers of government,” he said.

He also criticised outdated and regressive tax provisions that burden the poor, citing examples such as the so-called “wheelbarrow tax.”

“Some of the tax provisions in our constitution are retrogressive,” Oyedele said.

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“How will you ask anyone to pay wheelbarrow tax? That is why we have sent ten amendment proposals to the National Assembly to amend sections that need to change in line with the tax reforms.”

According to him, the committee is also working on expenditure reforms to ensure that tax revenues are used efficiently and transparently.

“We have worked on the expenditure side,” he explained.

“We are working seriously on fiscal regimes to ensure transparency and prudence in government expenditure so that Nigerians get full benefits of their taxes.”

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2027: Tinubu’s details incompletes as primary, secondary qualifications missing from INEC EC9 documents

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President Bola Tinubu failed to include primary and secondary school qualifications in the educational qualifications section of the personal particulars submitted to the Independent National Electoral Commission, INEC, for the 2027 presidential election.

The documents, published by INEC on Saturday in line with its revised timetable for the 2027 general election, contain the nomination papers and supporting credentials of presidential and vice-presidential candidates.

A review of Tinubu’s EC9 nomination form shows that the President listed only a Bachelor of Science (B.Sc.) degree in Business Administration obtained from Chicago State University in 1979 under the educational qualifications section.

The sections provided for his primary and secondary school qualifications were left blank.

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However, Tinubu attached copies of his university degree certificate and National Youth Service Corps, NYSC, certificate to his nomination papers.

In the form, the President stated that he was born on March 29, 1952, in Lagos and described his occupation as “Politician.”

He also declared that he worked at Mobil Nigeria Limited between 1983 and 1992 before serving as Governor of Lagos State from 1999 to 2007.

He listed his current employer as the Federal Government of Nigeria from 2023 to date and stated that he had never been dismissed from public service.

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“Greatest Threat Is Misinformation, Not Technical Glitch” – INEC Chairman Tasks Media On Osun Poll Coverage

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The Chairman of the Independent National Electoral Commission, INEC, Prof. Joash Amupitan, SAN, has described misinformation and disinformation as the greatest threat to the August 15 Osun State Governorship Election, urging the media to prioritize verified and ethical reportage.

He made the call on Saturday in Osogbo during an interactive session with media executives, describing journalists as the “Fourth Estate of the Realm” and critical stakeholders in the democratic process.

“However, your role as the Fourth Estate is critical to the survival of the process. In this final day window, the greatest threat we face is not technical failure, but the pathology of misinformation and disinformation,” the INEC Chairman said.

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“Fake news, manufactured election-day panics, and the unauthorized declaration of parallel results are direct assaults on our public peace and democratic stability.”

He said the Commission has accredited field reporters through its dedicated portal “because we want you to see everything,” and in return demanded “a commitment to verified, ethical, and dispassionate reporting.”

“Verify your facts before you broadcast. When a glitch occurs in a single polling unit, do not report it as a systemic failure across the entire state,” Prof. Amupitan charged.
“Use your channels to educate voters: remind them that No PVC means No Voting, and that vote-buying remains a criminal offense that our partners at the EFCC and ICPC have been mandated to curb.”

Giving an update on readiness, the Chairman said the just-concluded mock accreditation proved the resilience of the BVAS.
“The Bimodal Voter Accreditation System (BVAS) demonstrated optimal field resilience. On average, it took between 30 seconds to 2 minutes to successfully verify a voter using either their fingerprints or facial recognition,” he stated.
“As a result, we have increased the total number of BVAS for the election from 4,427 to 5,130 so as to service split polling units in large PUs in Ife East, Irewole, Egbedore, Ede North, Osogbo. In the process, we increased the number of back-ups from 664 to 1,328 for quick intervention in case of any malfunction.”

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Prof. Amupitan also addressed insecurity, saying INEC has moved “from reactive monitoring to proactive prevention” through ICCES. He listed hotspot LGAs to include Atakumosa East and West, Boripe, Ede North and South, Ife Central, Ifedayo, Ila, Osogbo, Ifelodun, and Oriade.

On inclusivity, he reaffirmed the Commission’s commitment to vulnerable voters.
“Democracy is incomplete if it excludes vulnerable populations. The Commission has integrated practical assistive devices across polling locations based on our disability mapping in Osun State. We have provisions for braille ballot guides for visually impaired voters; magnifying glasses for voters with albinism and low vision; EC40H poster manifests for hearing-impaired citizens and Priority Voting Queues for Persons with Disabilities (PWDs), pregnant women, nursing mothers, and the elderly,” he said.

The Chairman said 32,000 NYSC members have been engaged as ad-hoc staff via the INECPRES portal and that training for Supervisory Presiding Officers has been concluded.

“We do not care who wins the election; we only care how they win. Our sole job is to ensure that the process is clean, that every valid vote counts, and that the declaration reflects nothing but the true sovereign will of the Osun electorate,” Prof. Amupitan concluded.

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The session had in attendance National Commissioners, the Osun REC Barrister Oluwatoyin Babalola, NUJ and BON leadership, Bureau Chiefs, Editors and other senior media executives.

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Coalition want explanation over alleged BVAS failure in Osun mock accreditation exercise

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A group, aegis of Coalition of Concerned Nigeria Citizens (CCNC), has called on the Independent National Electoral Commission (INEC) to immediately explain the alleged widespread failure of the Bimodal Voter Accreditation System (BVAS) during Saturday’s mock accreditation exercise conducted ahead of the August 15 Osun State governorship election.

The group alleged that the mock accreditation, designed to test the commission’s readiness for the election, experienced significant technical challenges after commencing in selected polling units across the state, raising concerns about INEC’s preparedness for the governorship poll.

In a statement signed by its spokesperson, Comrade Raufu Sodiq, popularly known as “Oluomo Success,” the coalition claimed that although the exercise was scheduled to begin at 8:30 a.m., it started behind schedule in some polling units. It further alleged that less than 40 minutes after the exercise commenced, many BVAS machines stopped recognising fingerprints, facial features and Permanent Voter Cards (PVCs), preventing the successful accreditation of voters in the affected locations.

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Describing the development as disturbing, the group said a mock accreditation exercise should ordinarily boost public confidence in the electoral process, adding that the reported malfunction of the accreditation devices during the test exercise had instead raised questions about the commission’s level of preparedness.

The coalition argued that accreditation remains the foundation of every credible election because it determines voter eligibility and protects the integrity of the electoral process. According to the group, any failure at that stage could undermine public confidence in the outcome of the election if not urgently addressed.

CCNC also queried why such challenges allegedly occurred despite what it described as years of preparation and substantial public investment in electoral technology. It called on the Osun Resident Electoral Commissioner and the national leadership of INEC to provide a comprehensive explanation on the cause of the reported BVAS malfunction and disclose measures being taken to prevent a recurrence during the August 15 governorship election.

Among its demands, the coalition asked INEC to clarify whether the reported glitches resulted from software, hardware or configuration problems, explain its contingency plans for the 3,763 polling units across Osun State, replace any faulty BVAS machines and consider conducting another mock accreditation exercise before the election to restore public confidence.

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“We believe in strong democratic institutions and do not want to see INEC fail. However, public confidence must be built on competence, transparency and accountability. The people of Osun deserve an election where every eligible voter can cast their vote without avoidable technological failures,” the statement read.

The group further urged the Chairman of INEC to personally address Nigerians before the governorship election by explaining the outcome of the mock accreditation exercise, outlining corrective measures and assuring voters that all identified technical challenges would be resolved before Election Day.

INEC had organised the mock accreditation exercise to assess the functionality of the BVAS and other electoral processes ahead of the governorship election scheduled for August 15 across the state’s 3,763 polling units.

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