The Federal Government has reaffirmed its commitment to the recently amended tax laws, insisting that the reforms are necessary to strengthen revenue generation and stabilise the economy. Officials say the new measures are aimed at widening the tax base, blocking leakages, and improving compliance across key sectors of the economy.

According to government sources, the administration believes the revised tax framework will enhance transparency and reduce overreliance on borrowing, while ensuring that more individuals and businesses contribute fairly to national development. The FG also maintains that the reforms were carried out through due legislative process involving the National Assembly.

El-Rufai Accuses Ribadu Of Non-Kinetic Engagement With Terrorists, Claims ₦1bn Paid As Ransom

However, the stance has continued to attract mixed reactions from stakeholders, with some business groups and labour unions expressing concerns over increased costs and the timing of the reforms amid economic hardship. Despite the pushback, the government says it will not reverse the laws but remains open to dialogue to address genuine concerns and ensure effective implementation.