Four Executive Orders signed by President Bola Ahmed Tinubu have been signed into law in an effort to rein in the country’s capricious taxation policy.
Dele Alake, the President’s Special Adviser for Special Duties in Communication and Strategy, made the announcement on Thursday during a Q&A with State House Correspondents.
The Finance Act (Effective Date Variation) Order, 2023, which was signed into law by the President, moves the effective date of the Act’s provisions from May 23, 2023, to September 1, 2023. This is to ensure that the 2017 National Tax Policy requirement of providing at least 90 days’ notice of tax changes is met.

In the second, the Customs, Excise Tariff (Variation) Amendment Order, 2023 is being implemented.
According to Alake, this move is in conformity with the National Tax Policy and pushes back the start date of the tax reforms from March 27, 2023 to August 1, 2023.
He said that the President had issued an order stopping the planned increase in excise taxes on domestically produced goods and services by five percent.
As part of his efforts to make the country more business-friendly, the President has halted implementation of a new Green Tax in the form of an Excise Tax on Single Use Plastics such as water bottles and other disposable plastics.
The Import Tax Adjustment levied on certain automobiles has also been temporarily suspended under the President’s decree.
In his capacity as a responsive head of state, the President issued these directives to ease the strain on enterprises and households caused by the tax changes.
It is not His Excellency’s intention to make the situation in Nigeria any worse, Alake said.
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