FG Inaugurates Inter Ministerial Committee To Develop 2026 VAT Modification Order

The Federal Government has inaugurated an Inter Ministerial Committee to develop the 2026 Value Added Tax (VAT) Modification Order, a major step towards ensuring the smooth implementation of Nigeria’s new tax laws and providing greater certainty for businesses, investors and tax administrators.
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The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, inaugurated the Committee on Friday in his office, charging members to deliver a modern and practical VAT framework that reflects the intent of the Tax Reform Acts and responds to the realities of today’s economy.

He described the Tax Reform Acts, which came into effect on 1 January 2026, as the most extensive changes to Nigeria’s tax system in decades, noting that the reforms simplify tax administration, improve certainty, strengthen competitiveness, protect vulnerable Nigerians and create a stronger foundation for sustainable economic growth.

The Minister explained that while the previous VAT Modification Order made under the repealed VAT Act had served its purpose, the new legal framework requires a fresh Order to provide clarity, update relevant schedules and support the effective implementation of the Nigeria Tax Act.

“This is not about reproducing an old document,” Mr. Oyedele said. “It is about developing a VAT Modification Order that is clear, practical and responsive to the needs of a changing economy.”

He stated that the new Order should remove uncertainty, make compliance easier for taxpayers, support investment decisions and provide tax administrators with clearer guidance in implementing the law.

The Minister directed the Committee to undertake a thorough review of the legal framework, administrative practices and policy directives governing VAT administration, particularly the VAT exempt and zero rated provisions contained in Part IV of the Nigeria Tax Act, 2025, while identifying areas that require further clarification.

He also charged members to engage extensively with stakeholders across government, the organised private sector, professional bodies and other interest groups to validate classifications, address implementation concerns and ensure that the final recommendations are practical and balanced.

Oyedele further instructed the Committee to recommend a comprehensive schedule of VAT exempt and zero rated supplies, taking into account revenue implications, social impact, Nigeria’s treaty obligations and regional integration commitments.

In addition, the Committee is expected to prepare a clear and implementable VAT Modification Order that aligns with the provisions of the Nigeria Tax Act and, where necessary, recommend amendments to the Tax Reform Acts and other enabling laws to strengthen implementation.

The Minister urged members to ensure that every recommendation remains faithful to both the letter and the spirit of the new tax laws, adding that the Order should encourage industrial growth, support investment, promote exports, strengthen food security, encourage innovation and facilitate Nigeria’s energy transition without compromising the integrity of the VAT system.

He also stressed the need to reduce ambiguity in VAT administration so that taxpayers, investors, regulators and tax administrators can operate with greater confidence and certainty.

Oyedele further encouraged the Committee to draw from international experience while ensuring that the final document reflects Nigeria’s unique economic realities and development priorities.

The Committee has been given six weeks to complete its assignment and submit a Draft VAT Modification Order, schedules of VAT exempt and zero rated supplies with their corresponding Harmonised System Codes, implementation notes, a stakeholder consultation report and recommendations on any legislative amendments considered necessary.

Membership of the Committee comprises representatives of the Federal Ministry of Finance, the Nigeria Revenue Service, the Nigeria Customs Service, the Federal Ministry of Industry, Trade and Investment, the Joint Revenue Board, the Manufacturers Association of Nigeria, the Tax Advisory Committee and the Tax Justice and Governance Platform.

Expressing confidence in the calibre of the Committee, the Minister said the blend of expertise drawn from government and the private sector provides a strong foundation for producing a technically sound and practical instrument that will support the effective administration of VAT under the new tax regime.

“Nigerians cannot wait,” the Minister said. “Businesses need certainty. Investors need confidence. Government needs a VAT system that is easy to administer and supports growth. I urge you to approach this assignment with diligence, objectivity and a sense of urgency.”

FG Inaugurates Inter Ministerial

He noted that the Committee’s work would shape the administration of one of Nigeria’s most important taxes, improve the ease of doing business, strengthen investor confidence and support the successful implementation of the Federal Government’s fiscal reform agenda.

He formally inaugurated the Inter Ministerial Committee on the 2026 VAT Modification Order and wished members success in the discharge of their national assignment.

Efe Ovuakporie

Head, Information and Public Relations

25th July, 2026
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NPF Clarifies IGP’s Remarks To Correct Misleading Reports On “Shoot-On-Sight” Order

The Nigeria Police Force has noticed a misleading report claiming that the Inspector-General of Police, IGP Olatunji Rilwan Disu, psc (+), NPM, ordered police officers to “shoot anyone with illegal firearms.” This claim is false and does not reflect what the Inspector-General said.
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During the stakeholders’ meeting held in Makurdi, Benue State, the Inspector-General did not give any “shoot-on-sight” order. His comments have been taken out of context and wrongly presented to the public.

In his address, the IGP reminded officers that only security personnel who are legally authorised are allowed to carry firearms. He also spoke about the growing problem of illegal weapons, which are often used by criminals to carry out kidnapping, armed robbery, banditry, cult violence, and other serious crimes.

The Inspector-General further reminded police officers that the use of firearms is guided by Force Order 237, which clearly states when an officer may lawfully use a firearm while carrying out official duties. He stressed that officers must always act within the law and follow the approved rules for the use of force.

IGP Disu

At no time did he instruct officers to shoot anyone simply because they were found with an illegal firearm.
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Tinubu Congratulates Umahi On His Birthday

The Nigerian President Bola Tinubu heartily congratulates Engineer David Umahi, Minister of Works, on his birthday on July 25.
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Before he was appointed Minister of Works, Engineer Umahi served as the Senator representing Ebonyi South District. He was also a two-term Governor of Ebonyi State from May 2015 to May 2023, during which the state recorded landmark infrastructural development.

Recognising the Minister’s sustained efforts in delivering durable road infrastructure, President Tinubu commends Engineer Umahi for his passion, dedication to duty, and deep sense of patriotism.

The President urges the Minister to accelerate road construction, rehabilitation, and delivery, in line with the Renewed Hope Agenda’s objective of improving citizens’ quality of life and boosting economic activity.

“Engineer Umahi has been one of my outstanding, hardworking ministers—passionate about the job and delivering durable roads and bridges that will last for about a century.

“As a minister, he does not just sit in his office or rely on reports from subordinates; he is constantly on the road, personally monitoring construction work nationwide to ensure compliance with specifications and approvals,” President Tinubu notes.

Tinubu Congratulates Umahi

President Tinubu celebrates with the minister and his family and wishes him good health and renewed strength as he continues to serve the nation.

Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
July 25, 2026
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