Tax Harmonization: 12 states participate, 13 others begin legislative process

Minister of State for Finance-designate, Taiwo Oyedele, has announced that 12 states have enacted the new Federal Government Tax Harmonization Act, introduced as part of the ongoing fiscal reforms.

Speaking in Abuja on Wednesday at the graduation of 5,900 entrepreneurs trained by the MTN Foundation, Oyedele explained that 13 other states had submitted the law to their Houses of Assembly, while several other states were at different stages of implementation.

The law, which came into effect on January 1, 2026, aims to modernize Nigeria’s tax system, eliminate multiple and annoying levies, protect citizens from harassment, simplify the tax process, and ensure fairness in tax administration. “These reforms are designed to help businesses thrive, protect vulnerable groups, and reset Nigeria’s fiscal framework for economic transformation,” Oyedele said.

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He commended the MTN Foundation for supporting entrepreneurship, noting that its initiatives have trained over 15,000 young innovators and provided tools to strengthen Nigeria’s economic base. He urged new graduates to apply discipline, transparency and value-based practices in building sustainable businesses.

Chairman of the MTN Foundation, Mosun Olusoga, represented by Director Surajudeen Yakubu, revealed that the foundation will provide business grants amounting to ₦300 million to the beneficiaries. He emphasized that empowering young entrepreneurs will create jobs, generate wealth and add value to society.