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Annual Tax Returns Mandatory for All Employers, Individuals – Taiwo Oyedele
Annual Tax Returns Mandatory for All Employers, Individuals – Taiwo Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated that every employer and individual taxpayer in Nigeria is legally required to file annual tax returns, stressing that failure to comply attracts penalties under existing tax laws.
Oyedele made the clarification while speaking on ongoing efforts to improve tax compliance, broaden the tax base, and strengthen government revenue without imposing unnecessary burdens on citizens.
According to him, annual tax returns are mandatory for employers, companies, and individuals earning taxable income, regardless of whether taxes were deducted at source through the Pay-As-You-Earn (PAYE) system or other channels. He noted that filing returns is a legal obligation, not an option.
The tax reform expert explained that employers are required to submit detailed returns on behalf of their employees, including records of emoluments, deductions, and remittances to the relevant tax authorities. Individuals who earn income outside PAYE, he added, must also declare their earnings annually.
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Oyedele disclosed that a statutory deadline has been set for the submission of the annual returns, warning that taxpayers who fail to meet the deadline risk sanctions, penalties, or enforcement actions as provided by law.
He emphasized that the current fiscal reform agenda focuses on fairness, transparency, and accountability, encouraging Nigerians to comply voluntarily rather than wait for enforcement measures. He also reassured taxpayers that reforms underway are aimed at simplifying the process and reducing bottlenecks associated with tax filing.
Oyedele urged employers and individuals to seek professional guidance where necessary and ensure timely compliance, noting that improved tax discipline is critical to funding public services and driving sustainable economic development.
Annual Tax Returns Mandatory for All Employers, Individuals – Taiwo Oyedele
News
Trump Approves Deployment of 200 U.S. Soldiers to Support Nigeria’s Fight Against Terrorists
Trump Approves Deployment of 200 U.S. Soldiers to Support Nigeria’s Fight Against Terrorists
President Donald Trump has approved the deployment of 200 U.S. soldiers to Nigeria to assist the country in its ongoing fight against terrorist groups including Boko Haram and Islamic State West Africa Province (ISWAP).
The deployment follows U.S. airstrikes in Sokoto and comes at the request of President Bola Tinubu, reflecting a deepening security partnership between the United States and Nigeria. (gazettengr.com)
The American troops are scheduled to arrive in Nigeria in the coming weeks to provide training and technical guidance to Nigerian forces. The U.S. military will focus on air and infantry operations, intelligence gathering, and joint mission coordination to enhance the effectiveness of Nigeria’s counter-terrorism efforts.
Major-General Samaila Uba, spokesperson for the Nigerian Armed Forces, clarified that the U.S. troops will not engage in direct combat, but will work closely with Nigerian forces to improve strategic operations and rapid response capabilities.
A spokesperson for U.S. Africa Command (AFRICOM) stated, “The terrorist activity in West Africa—and Nigeria specifically—is something we’re incredibly concerned with. We want to partner with capable and willing partners to address these shared security concerns.” (newsmax.com)
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This deployment complements Nigeria’s ongoing counter-terrorism operations, including Operation HADIN KAI (OPHK), which has recorded multiple successes in neutralising insurgents, rescuing kidnapped victims, and recovering weapons caches. (gazettengr.com)
The move comes amid heightened international attention on Nigeria’s security crisis, particularly in the North-East and North-West regions, where terrorist attacks and banditry continue to threaten civilian safety, disrupt communities, and hamper economic activities. (stripes.com)
Local officials and analysts say the U.S. deployment is expected to strengthen intelligence sharing, enhance operational coordination, and improve Nigeria’s military readiness in combating insurgents while maintaining national sovereignty.
The announcement underscores the growing bilateral security cooperation between Nigeria and the United States, highlighting both nations’ commitment to counter-terrorism, regional stability, and civilian protection.
Trump Approves Deployment of 200 U.S. Soldiers to Support Nigeria’s Fight Against Terrorists
News
Senate Bows to Pressure, Mandates Electronic Transmission of Election Results
Senate Bows to Pressure, Mandates Electronic Transmission of Election Results
The Nigerian Senate has officially approved the electronic transmission of INEC election results, amending the Electoral Act to modernize the voting process and strengthen election transparency ahead of the 2027 general elections.
The move comes after widespread protests, civil society advocacy, and pressure from political figures, including former presidential candidate Peter Obi, demanding real-time digital transmission of poll results to curb electoral fraud.
Under the amended Clause 60 of the Electoral Act, presiding officers are now required to digitally transmit election results from each polling unit directly to the INEC IReV portal immediately after the EC8A result form is signed and stamped. In situations where network connectivity fails, the signed paper EC8A forms will remain the official source for result collation and declaration.
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Experts describe the amendment as a major step toward digital voting transparency, though some critics caution that the manual fallback option could limit the full benefits of real-time election result transmission.
The bill will now be harmonized with the House of Representatives version before being sent to the President for assent, signaling a commitment to credible elections and improving public trust in Nigeria’s electoral process.
This legislative update is expected to play a key role in Nigeria 2027 elections, reducing vote manipulation and ensuring that INEC election results are transmitted securely, efficiently, and transparently across the country.
Senate Bows to Pressure, Mandates Electronic Transmission of Election Results
News
Lagos Announces Four-Week Partial Closure of Lagos-Abeokuta Expressway
Lagos Announces Four-Week Partial Closure of Lagos-Abeokuta Expressway
The Lagos State Government has announced a partial road closure on the Lagos-Abeokuta Expressway to allow the Federal Ministry of Works carry out critical rehabilitation on failed sections of the road.
The Commissioner for Transportation, Mr Oluwaseun Osiyemi, disclosed this in a statement issued on Tuesday, noting that the repairs would cover the stretch between U-Turn Bus Stop and Sango Tollgate, affecting both inbound and outbound lanes.
According to him, the rehabilitation work will begin on Wednesday, February 11, and end on Wednesday, March 11, spanning a four-week period.
Osiyemi explained that the project would be executed in two phases to minimise traffic disruption.
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For Phase One, which affects Abeokuta-bound traffic, work will run from February 11 to March 4. During this period, vehicles travelling from Lagos/Abule-Egba toward Abeokuta/Sango Tollgate will be diverted to one half of the carriageway, approximately 20 metres away from the active work zone.
He said rehabilitation would be carried out one lane at a time, with traffic redirected to completed sections as work progresses, while motorists on the Lagos-bound carriageway will continue to enjoy free traffic flow.
Phase Two, which affects Lagos-bound traffic, will take place from March 4 to March 11, covering the stretch from Obadeyi Bus Stop to Ekoro Junction. Traffic from Abeokuta/Sango Tollgate toward Lagos/Abule-Egba will be similarly diverted through half of the road during construction.
Osiyemi assured motorists that adequate traffic management measures would be deployed throughout the duration of the project.
He urged road users to plan their journeys, obey traffic signs, and cooperate with traffic officials, appealing for patience as the repairs are carried out in the interest of public safety.
Lagos Announces Four-Week Partial Closure of Lagos-Abeokuta Expressway
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