Oyedele: Presidential Committee Proposes Exemption of 95% of Informal Sector from Taxes Those earning N25m and less due for tax exemption Says tax reform proposal to reach National Assembly by Q3 2024 FG to introduce spending, borrowing taxes by year end Deji Elumoye in Abuja The Presidential Fiscal Policy and
Tax Reforms Committee (PFPTRC) set up early this year by President Bola Tinubu has hinted of plans to
revolutionise Nigeria's tax system, exempting 95% of the informal sector from all taxes.
Chairman of the Committee, Taiwo Oyedele, who disclosed this to newsmen at the weekend
at the end of the close-out retreat of the PFPTRC in Abuja, stressed that the move was aimed at reducing
the burden of multiple taxation on Continued on page 10
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