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President Bola Ahmed Tinubu has suspended the five percent Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products as done by former president Muhammadu Buhari. This is part of four Executive Orders Tinubu signed into law on Thursday to curb arbitrary taxation policy in the country, This was contained in a discussion on Thursday between the Special Adviser, Special Duties, Communication and Strategy, to the President, Dele Alake, and State House Correspondents during an interactive session.

President Bola Tinubu has approved the suspension of five percent Excise Tax on telecommunication services in Nigeria. He has also approved the suspension of Excise Duties escalation on locally manufactured products in the country.

(AFRICAN EXAMINER) - President Bola Tinubu on Thursday announced the reversal of some tax policies introduced by the ex-President Muhammadu Buhari administration. Special Adviser to the President, Mr. Dele Alake, while addressing State House Correspondents said that some of the tax policies are being implemented retroactively with their commencement dates. According to Alake, the President

The first executive order signed by President Tinubu was the Finance Act (Effective Date Variation) Order, 2023. It defers the implementation of the changes

In a bid to reduce arbitrary taxation policy in Nigeria, President Bola Ahmed Tinubu signed four Executive Orders into law today, Thursday, July 6, 2023.