Philip Agbese disputes Ireti Kingibe's claims regarding Nigerian tax law

Philip Agbese dismissed claims made by Ireti Kingibe concerning a new fuel tax and a uniform 25 per cent levy on Nigerian earnings. Agbese insisted that the Nigeria Tax Act 2025 does not impose a new fuel tax or a blanket 25 per cent income tax on all citizens. He stated that the 25 per cent income tax rate applies only to taxable income exceeding ₦50 million, while the first ₦800,000 is taxed at zero per cent.

The dispute centers on the interpretation and implementation of tax legislation passed by the National Assembly. Agbese maintained that the tax reforms were gazetted and took effect on January 1, 2026, challenging Kingibe to cite specific provisions that impose a fuel tax or uniform levy.