A Call to Halt the Supposed 25% Tax Increase By Nigerian Government
Nigerianewslite The widespread alleged reports and public anxiety surrounding a purported 25% tax increase demand immediate, unambiguous clarification and an absolute rejection from the highest levels of leadership. At a moment when millions of Nigerians are grappling with unprecedented inflationary pressures, soaring energy costs, and the severe erosion of household purchasing power, even the mere contemplation of an added 25% tax burden is both economically reckless and deeply insensitive. The Nigerian public cannot absorb further financial shocks, and any attempt to extract additional revenue from already exhausted citizens risks triggering deep economic distress across every state in the federation. President Bola Ahmed Tinubu's administration must recognize that imposing or permitting a tax structure of this magnitude will fundamentally destroy what remains of the nation's middle class and push millions deeper into abject poverty. Small and medium-sized enterprises—the ...
