{"id":898693,"date":"2026-04-12T13:16:09","date_gmt":"2026-04-12T18:16:09","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/12\/tax-reforms-will-improve-lives-not-impoverish-nigerians\/"},"modified":"2026-04-12T13:16:09","modified_gmt":"2026-04-12T18:16:09","slug":"tax-reforms-will-improve-lives-not-impoverish-nigerians","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/12\/tax-reforms-will-improve-lives-not-impoverish-nigerians\/","title":{"rendered":"Tax Reforms Will Improve Lives, Not Impoverish Nigerians"},"content":{"rendered":"
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\t\t\t\t\tPosted by African Examiner<\/a><\/span><\/p>\n

\t\t\t\t\tFeatured<\/a>, Latest Headlines<\/a>, News<\/a>, News Across Nigeria<\/a>, News From The State<\/a><\/span><\/p>\n

\t\t\t\t\tThursday, March 5th, 2026<\/span><\/p>\n

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(AFRICAN EXAMINER) \u2013 Vice President Kashim Shettima, on Wednesday in Abuja, said the implementation of new tax reforms would eliminate the burden of multiple levies and charges on small businesses and low-income earners in Nigeria, thereby helping to reduce poverty.<\/span><\/p>\n

Shettima noted that the planning and implementation of the tax reforms were carefully designed to improve livelihoods, contrary to the claims of political detractors.<\/span><\/p>\n

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The Vice President spoke on behalf of President Bola Tinubu at the interfaith breaking of fast for Ramadan and Lent held at the State House. Those in attendance include members of the Federal Executive Council, the Central Bank governor, special advisers, senior special assistants and heads of agencies and parastatals.<\/span><\/p>\n

Shettima urged them all to remain champions of the government\u2019s reforms.<\/span><\/p>\n

He said the government was genuinely concerned about Nigerians\u2019 plight and releasing policy instruments to lift many out of poverty without adding to their burdens.<\/span><\/p>\n

\u201cThe same people who are shouting hoarse that the tax reform was meant to pulverise further and pauperise the poor are far from the truth, but we have to go out and tell the truth to the people<\/span><\/p>\n

\u201cWe have to educate them. We have to mount the pulpits and take our government to the Nigerian people and tell them the truth,\u201d he said.<\/span><\/p>\n

\u00a0Shettima highlighted some of the gains of the economic reforms, including an increase in the nation\u2019s foreign exchange reserves, streamlining of the exchange rates and the removal of a subsidy that had favoured only a few for many years.<\/span><\/p>\n

He said Tinubu should be commended for the courage to address the issues that past administrations avoided.<\/span><\/p>\n

The Vice President explained that the removal of the fuel subsidy was not mentioned in the President\u2019s 2023 inaugural speech. Still, the President had to announce it, knowing that the system was draining the economy of resources for development.<\/span><\/p>\n

\u201cThree years down the road, the economy has bounced back,\u2019\u2019 he added.<\/span><\/p>\n

\u201cOn behalf of the President, I want to thank you all for comradeship, support and partnership,\u2019\u2019 he stated.<\/span><\/p>\n

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Shettima advised government officials to be more active in sharing facts about the administration\u2019s achievements and to be ready to counter falsehoods propagated by the opposition parties.<\/span><\/p>\n

Short URL<\/strong>: https:\/\/www.africanexaminer.com\/?p=106023<\/small><\/p>\n

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Posted by African Examiner Featured, Latest Headlines, News, News Across Nigeria, News From The State Thursday, March 5th, 2026 (AFRICAN EXAMINER) \u2013 Vice President Kashim Shettima, on Wednesday in Abuja, said the implementation of new tax reforms would eliminate the burden of multiple levies and charges on small businesses and low-income earners in Nigeria, thereby<\/p>\n","protected":false},"author":1,"featured_media":898694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22124,43267],"tags":[5757,113712],"class_list":["post-898693","post","type-post","status-publish","format-standard","has-post-thumbnail","category-improve","category-reforms","tag-improve","tag-reforms"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/898693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=898693"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/898693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/898694"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=898693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=898693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=898693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}