New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe

By: Michael Mike

Chairman of the National Tax Policy Implementation Committee (NTPIC), Joseph Tegbe, has said Nigeria’s new tax regime is structured to reduce the financial burden on workers and small businesses while strengthening the country’s fiscal stability and economic competitiveness.

Speaking at the BusinessDay Tax Reform Conference 2026 themed “Navigating the New Tax Regime: What It Means for Your Wallet,” Tegbe described the reforms as the most far-reaching restructuring of Nigeria’s tax system in decades. He noted that the initiative is aimed at simplifying tax processes, promoting fairness, and creating an environment that supports economic expansion.

According to him, the reforms are anchored on four major legislations — the Nigeria Tax Act, 2025, Nigeria Tax Administration Act, 2025, Nigeria Revenue Service (Establishment) Act, 2025 and the Joint Revenue Board of Nigeria (Establishment) Act, 2025 — which collectively introduce a more coordinated and transparent tax administration framework.

Tegbe explained that the new structure provides targeted reliefs for individuals and small enterprises, ensuring that low-income earners and emerging businesses are not overburdened by taxation.

Under the new regime, individuals earning below ₦800,000 annually will be exempted from personal income tax. Workers will also benefit from a rent relief allowance of up to 20 per cent, capped at ₦500,000, among other incentives designed to ease financial pressure on households.

Small businesses are equally positioned to gain from the reforms. Companies with annual revenues below ₦100 million and assets not exceeding ₦250 million will be exempted from Company Income Tax, while nano-enterprises with annual earnings below ₦12 million will not be required to pay income tax.

Despite these relief measures, Tegbe stressed that individuals and businesses within the exempted thresholds must still maintain proper documentation of their earnings and comply with the requirement to file tax returns.

He noted that beyond the tax reliefs, the reforms will also strengthen institutional coordination among key agencies including the Nigeria Revenue Service, the Joint Revenue Board of Nigeria, the Tax Appeal Tribunal and the Office of the Tax Ombud. He added that increased digitalisation of tax processes will improve transparency, efficiency and compliance across the system.

According to Tegbe, the broader objective of the reforms is to create a tax structure that supports enterprise development, encourages investment and enhances Nigeria’s ability to mobilise revenue for national development without placing excessive strain on citizens.

“The goal is to build a tax system that works for everyone — one that supports government in delivering development while also protecting the financial wellbeing of ordinary Nigerians,” he said.

Other dignitaries at the conference included Executive Secretary of the Joint Revenue Board of Nigeria, Olusegun Adesokan; Acting Executive Chairman of the FCT Internal Revenue Service, Michael Ango; renowned economist Uche Uwaleke; and policy expert Sam Amadi, among others, who also contributed to discussions on the implications of the new tax framework for businesses and households.

New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe

Army and security forces conduct massive clearance operations in Gombe

By: Zagazola Makama

Troops of the Nigerian Army, alongside police, NSCDC, DSS, local vigilantes, and hunters, have conducted massive clearance operations across suspected bandit hideouts in Gombe State.

Zagazola report that the operations, began on March 10 in Billiri Local Government Area.

Security forces combed multiple towns and villages, including Kalmai, Sabon Layi, Kulkul, Ayaba, Lakurum, Bassa, Baka, Papawure, Amtawalam, Kwiba, Sansani, Lawishi Daji, and Gada Uku.

The exercise was later extended on March 11 to Pero-Chonge in Shongom LGA covering Filiya, Gwandum, Majidadi, Yelwa, Katagun, Dangeza, Daga, Kwele, Lalinling, Dwaja, and Gundale.

At about 8:30 a.m., security operatives moved to Pindiga Division in Akko LGA, conducting clearance patrols in Garin Galadima, Gagarabami, Badara, Lambo, Tundu, Kaltanga, Gizimawa, and Kolmani axis.

While no arrests were reported, police said the joint operations are ongoing to ensure security and deter bandit activities. The Command added that the overall situation in the state remains calm.

Authorities reassured residents that continued vigilance and collaboration among security agencies remain a priority in maintaining peace and stability in Gombe State.

Army and security forces conduct massive clearance operations in Gombe

ISWAP scamper in disarray as NAF, ground troops repel attack on Banki in Bama LGA

By: Zagazola Makama

Fighters of the Islamic State West Africa Province (ISWAP) reportedly fled in disarray on Friday after troops of Operation Hadin Kai, supported by the Nigerian Air Force (NAF), successfully repelled an attempted attack on a military base in Banki, Bama Local Government Area of Borno.

Security sources told Zagazola Makama that the insurgents launched the attack in the early hours of Friday, advancing in large numbers in an attempt to overrun the military formation.

The sources said the troops immediately engaged the terrorists in a fierce gun battle, effectively resisting the assault and preventing the insurgents from breaching the base.

According to the sources, while the exchange of fire was ongoing, the Nigerian Air Force scrambled an aircraft to provide aerial support to the ground troops.

“On sighting the approaching aircraft, the terrorists took to their heels and were seen scampering in disarray into nearby bushes to escape the superior firepower of the troops and the air component,” one of the sources said.

The sources added that the attempted attack was successfully foiled, forcing the insurgents to abandon the operation.

There were no immediate reports of casualties as security forces have commenced assessment and clearance operations in the area.

Banki, a border town near Cameroon in Bama LGA, remains one of the key frontline locations in the ongoing counter-insurgency campaign in Borno.

ISWAP scamper in disarray as NAF, ground troops repel attack on Banki in Bama LGA