Oyedele made the disclosure during a tax education session organised by the Redeemed Christian Church of God, City of David, Lagos. On concerns raised by importers, Oyedele noted that tax reliefs would depend on the nature of the business, whether trade, manufacturing, or other sectors. National Revenue Service will collect some taxes, states (will collect) others, and local governments (will collect) theirs. Individuals only need to focus on personal income tax,” he explained. Under the new rules, individuals earning below ₦800,000 annually will be exempted from personal income tax, while small companies with turnover up to ₦100 million and assets not exceeding ₦250 million will be exempted from company income tax, capital gains tax, and the new development levy.