Grow Naija
Grow Naija
June 19, 2025 at 11:40 AM
๐—ก๐—˜๐—ช ๐—ง๐—”๐—ซ ๐—ฅ๐—˜๐—š๐—œ๐— ๐—˜ ๐—Ÿ๐—ข๐—”๐——๐—œ๐—ก๐—š: ๐—๐—”๐—ก๐—จ๐—”๐—ฅ๐—ฌ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ! ~ ๐—”๐˜„๐—ฎ๐—ถ๐˜๐—ถ๐—ป๐—ด ๐—ฃ๐—ฟ๐—ฒ๐˜€๐—ถ๐—ฑ๐—ฒ๐—ป๐˜๐—ถ๐—ฎ๐—น ๐—”๐—ฝ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฎ๐—น, ๐—ก๐—ถ๐—ด๐—ฒ๐—ฟ๐—ถ๐—ฎ๐—ป๐˜€ ๐—•๐—ฟ๐—ฎ๐—ฐ๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐—œ๐—บ๐—ฝ๐—ฎ๐—ฐ๐˜ According to The Nation, a new tax regime, anchored on the Tax Reform Bills, is set to roll out in January 2026, pending the Presidentโ€™s signature. ๐Ÿ‡ณ๐Ÿ‡ฌ In a country where over 133 million Nigerians live in multidimensional poverty, the government is about to place more financial weight on already burdened citizens and businesses. ๐—ช๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ถ๐˜€ ๐—บ๐—ฒ๐—ฎ๐—ป๐˜€: ๐Ÿ”ธ New levies and adjustments across sectors ๐Ÿ”ธ Potential increase in VAT, business taxes, and compliance rules ๐Ÿ”ธ Small and medium enterprises (SMEs), artisans, and informal sector players may face stricter monitoring ๐Ÿ”ธ Economic activities could shrink further if palliatives and exemptions are not clearly defined ๐Ÿ“Š While reforms are necessary for national revenue, the timing, transparency, and implementation strategy must be questioned. โ“ Is this tax regime designed to grow the economy or choke it? โ“ Are Nigerians being taxed to prosperity or poverty? โ“ What protections are in place for the poor, unemployed, and struggling business owners? Before January 2026: โœ… Let there be public hearings โœ… Let civil society and business leaders review the bills โœ… Let there be clear, people-first communication not ambush policies Nigeria needs reform, yes. But not at the expense of the people who are barely surviving. If you want more taxes, give more electricity, security, jobs, and justice. โœŠ๐Ÿฝ Nigerians must be informed, not just governed. Policies must not be dropped like bombs. #taxreform #newtaxregime #economicjustice #grownaija #nigeria2026 #accountability #wedeservebetter #citizensfirst
Image from Grow Naija: ๐—ก๐—˜๐—ช ๐—ง๐—”๐—ซ ๐—ฅ๐—˜๐—š๐—œ๐— ๐—˜ ๐—Ÿ๐—ข๐—”๐——๐—œ๐—ก๐—š: ๐—๐—”๐—ก๐—จ๐—”๐—ฅ๐—ฌ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ! ~ ...
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