A cross-section of Nigerians have shared their views on the new tax reform recently signed into law by President Bola Tinubu. The reform, which exempts individuals earning less than ₦800,000 annually from personal income tax and removes value-added tax (VAT) from essential items such as food, medicine, rent, and school fees, has generated discussions among citizens.
Speaking to Africa Health Report (AHR), Adeyelu Taiwo, a pharmacist, described the tax bill as a significant step that would ease financial pressure on the public. “The tax bill is a great one, its impact is going to be significant to all Nigerians, as it takes to note different salary grades. Veterans, retirees, individuals laid off work won’t have to worry much as zero to minimal tax are what they are entitled to pay,” he said. He added that removing VAT from essential products would reduce the economic burden on Nigerians.
Mr Olusegun Bello also welcomes the policy, noting that taxes are a standard way for governments around the world to fund development. “To me personally, it is a good thing that will benefit us,” he said, expressing hope that the reform would improve Nigeria’s economy.
On his part, Mr Jewel, a public servant, expressed confidence in the president’s approach to tax administration. “Yes, we have tested him in tax collection before, and he did it successfully in Lagos. And bringing it to the federal, I believe, is going to enhance the economic performance of the country,” he stated, describing the policy as “totally good.”
Mercy, a trader and business owner, recounted how previous tax charges on everyday purchases increased prices for customers. She recalled being charged over ₦500 in tax for purchasing some goods, saying, “Honestly, the thing pained me that day. Like now, if this thing is one cup of pen now, maybe it’s ₦2,500, they will put tax on it and it will now be ₦2,700.” She expressed hope that the new tax reform would relieve such pressures on traders and consumers alike.
The new tax reform, which takes effect in 2026, is designed to increase revenue generation while protecting low-income earners and promoting fairness in tax administration. Many Nigerians, however, are hopeful that the government will enforce the law transparently and ensure its benefits are felt by ordinary citizens.
