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President Bola Tinubu’s tax reform bills have sparked a lively debate in Nigeria. Many experts believe that if implemented effectively, these reforms could significantly benefit the country and its citizens. The proposed reforms aim to lay the foundation for Nigeria’s fiscal policy and are based on recommendations from the Taiwo Oyedele led Presidential Committee on Fiscal Policy and Tax Reforms. Key Provisions of the Tax Reform Bills The tax reform bills introduce several key changes to Nigeria’s tax laws. Among the notable provisions are: 🔴 Tax Exemption for Low-Income Earners : The proposed Nigeria Tax Bill offers tax relief to average Nigerian salary earners by exempting individuals earning below N800,000 per year from paying taxes. 🔴 Reduced Tax Rates for Small Businesses : The bill also proposes to exempt small businesses with annual incomes below N25 million from paying profit taxes. Additionally, the top profit tax rate for larger companies would be reduced from 30% to ...

A seven-month ban on Twitter use in Nigeria was unlawful, according to a court ruling by West Africa's regional bloc ECOWAS seen by AFP on Thursday. The Abuja government suspended Twitter in June last year after the social media giant deleted a tweet by President Muhammadu Buhari. It lifted the ban in January. The Economic Community of West African States (ECOWAS) court issued its ruling following a suit brought by a Nigerian NGO called the Socio-Economic Rights and Accountability Project (SERAP) and rights campaigners. In a summing-up statement sent to AFP the court said the ban, which drew international approbrium, was unlawful, infringed freedom of expression and access to media, and ran counter to provisions both of the African Charter and the International Covenant on Civil and Political Rights. In declaring the ban unlawful the court also ordered the Nigerian authorities never to repeat it. Abuja lifted the suspension after talks with Twitter representatives but ...