• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Thursday, March 12, 2026
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
ADVERTISEMENT
Home Economy And Business

Taiwo Oyedele Recommends USSD, Digital Tax Payment For Efficient Collection

Oyedele disclosed this on Wednesday while sharing updates on the Committee’s activities.

by NewsOnline Nigeria
January 24, 2024
in Economy And Business, Headline
0
Taiwo Oyedele

Taiwo Oyedele

Taiwo Oyedele-led Presidential Tax Committee has recommended USSD and Digital Tax Payment for efficient collection.

 

NewsOnline Nigeria reports that the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said his Committee has proposed the use of Unstructured Supplementary Service Data (USSD) and other digital channels for the payment of taxes and levies across the three tiers of government in Nigeria.

 

This Nigeria news platform understands that Oyedele disclosed this on Wednesday while sharing updates on the Committee’s activities. According to him, part of the proposals to the government is to cancel many of the current taxes that have become burdensome to the people, harmonize the few that are justifiable, and digitize the collection process with multiple channels including USSD to drive efficiency, reduce leakages and promote accountability.

 

ALSO: Tinubu ill-advised By ‘Lagos Boys’ Over CBN, FAAN Relocation – Senator Ndume

 

The USSD is a Global System for Mobile Communications (GSM) protocol that is used to send text messages. Currently being deployed by banks for financial services, USSD allows users to interact directly from their mobile phones by making selections from various menus.

States, local governments taxes

While noting that there are currently over 60 taxes, levies,and charges across the 3 levels of government, Oyedele said states and local governments are administering 46 of these, including road taxes, motor park levies, truck, canoe, wheelbarrow and cart fees ,etc.

He added that there are even more unauthorised taxes all disproportionately affecting small businesses including petty traders, hawkers, artisans, truckers, cart pushers, okada riders and other transporters.

  • “The associated costs are inevitably passed on to consumers, mostly low-income earners. The payers also have to contend with the unorthodox means of collection and harassment from untrained “revenue collectors” on highways, markets, streets, etc while there is very little to show for the revenues collected.
  • “We propose to repeal many of these burdensome taxes, harmonize the few that are justifiable, and digitize the collection process with multiple channels including USSD to drive efficiency, reduce leakages, and promote accountability,” Oyedele said.

Embracing civil approach

While noting that the reforms being proposed also have a social dimension, Oyedele said the Committee has two choice choices recommending that new personnel be recruited and trained to drive compliance or train the existing collectors to be civil in their approach.

  • “While the former may lead to potential backlash, the latter offers a more sustainable solution, avoiding social crises and providing relief to small businesses. Our reforms stand a better chance of success when we find a win-win outcome for all stakeholders than those which seek to alienate others,” he said.

The Chairman said the Committee welcomes criticisms and always cherishes the opportunity to engage. He said the Committee is open to and actively seeks feedback and ideas from the public.

Previous Post

New Conditions For Passport Acquisition Explained (MUST READ)

Next Post

Africa Cup of Nations Round 16 Fixtures, Time, Date (FULL LIST)

Next Post

Africa Cup of Nations Round 16 Fixtures, Time, Date (FULL LIST)

Trending Stories

No Content Available

Latest Stories

BREAKING: India, Other Countries Reject Tinubu’s Ambassador Nominees

President Tinubu Announces Fresh Crucial CBN Appointment, Seeks Senate Approval

BREAKING: Reps Imposes Jail Term, ₦10m Fine for Dual Party Membership In Amended Electoral Act 2026

BREAKING: Defence Minister Christopher Musa Summons Service Chiefs Over Rising Insecurity

FairMoney, Kuda Set to Win Millions of Customers from Traditional Banks in 2026 – CB Insights

CBN Sets New Deadline for Banks, Fintechs to Deploy Automated AML Systems

Tinubu’s Administration a ‘Historic Disaster,’ Says SDP’s Adewole Adebayo, Declares Readiness for 2027 Presidency

Ayra Starr Opens Up on Secret Relationship, Says She’s Torn Between Going Public or Staying Private

When Truth Becomes Optional: Are Lies and Denial the New Pathway to Power in Nigeria? By Festus Edovia

BREAKING: Petrol Price Reduced After Dangote Refinery Slashes Gantry Price

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria

Exit mobile version