Olaniwun Ajayi Tax Wrap-up Report

With the birth of the Petroleum Industry Act which had spent 16 years in incubation; the yearly visitor – the Finance Act, which has become the new normal under the Muhammadu Buhari-led administration; the struggle by the Nigerian economy and its foreign counterparts to recover from the ravaging impact of the COVID-19 pandemic; among others, it is argued that the 2021 Financial year was one of the most eventful tax years in the last decade. In our Tax Outlook 2022, we have painstakingly provided a snapshot of all relevant tax events in the 2021 tax year and have also provided a forward look for 2022, such that the information provided can provide necessary foresight for decision making in government, businesses, and the society at large.

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