Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, says the federal government will not compromise Nigeria’s future to protect those that have profited for years without paying taxes. Drawing a comparison with South Africa, he said the country generated over N60 trillion (naira equivalent) from personal income tax alone in 2024. The chairman said the amount exceeds Nigeria’s total tax revenue from all sources combined, including petroleum profit tax, corporate income tax, value-added tax (VAT), and taxes collected by federal, state and local governments. “That is one tax from about 60 million people, compared to Nigeria’s 240 million people,” Oyedele said. Something is wrong, the math is not adding up.”Oyedele said the sharp disparity explains why tax reforms continue to face a lot of pushback from certain quarters.