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In order to address the concerns of stakeholders on multilateral taxes by the immediate past administration of President Muhammadu Buhari, President Bola Tinubu has signed four new Executive Orders (EOs) to suspend the implementation of some tax policies. This was disclosed by presidential spokesman, Dele Alake, in an interaction with State House Correspondents yesterday morning. According to him, the action was a direct response to the need for clarity and adequate notice for tax adjustments as specified in the 2017 National Tax Policy. He disclosed that the first Executive Order signed by the President was the Finance Act (Effective Date Variation) Order, 2023.

In addition to these suspensions, the President has also ordered the halting of the newly introduced Green Tax, an Excise Tax on Single-Use Plastics, including plastic containers and bottles. Alake said the Import Tax Adjustment levy on certain vehicles has been suspended.