Tax Reforms Will Not Impoverish Nigerians – Shettima Assures Citizens

Vice President Kashim Shettima has clarified that the newly introduced tax reform policies are not designed to worsen economic hardship for Nigerians. Instead, he explained that the measures are structured to remove the heavy burden of multiple taxation affecting small enterprises and low-income earners across the country, ultimately contributing to poverty reduction.

According to Shettima, the design and rollout of the tax reforms were carefully thought through to enhance citizens’ living conditions. He stressed that claims suggesting the reforms would further impoverish Nigerians are inaccurate and politically motivated.

The Vice President delivered these remarks on behalf of President Bola Tinubu during an interfaith breaking of fast event held in observance of Ramadan and Lent at the State House.

He explained that the administration remains deeply concerned about the economic struggles faced by many Nigerians and has continued to introduce policy tools aimed at easing hardship. He emphasized that these reforms are intended to uplift vulnerable groups without placing additional financial pressure on them.

Addressing criticisms surrounding the tax policies, Shettima stated that some individuals spreading fears about the reforms are misinforming the public. He maintained that the objective of the new framework is to simplify the tax system, reduce overlapping charges, and create a more equitable structure for small businesses and ordinary citizens.

He further noted that the government has a responsibility to communicate openly with Nigerians regarding its economic direction. According to him, there is a need for proactive engagement, including educating citizens about the true intentions behind the reforms and countering narratives that portray them negatively.

The Vice President also pointed to broader economic adjustments already undertaken by the administration. These include strengthening the country’s foreign exchange reserves, harmonizing exchange rate mechanisms, and removing a long-standing fuel subsidy arrangement that, according to the government, primarily benefited a limited segment of the population.

Shettima stated that the bold steps taken by President Tinubu demonstrate leadership and a willingness to confront structural challenges that previous governments avoided addressing. He argued that while such reforms may generate debate, they are necessary for long-term economic stability and inclusive growth.

He concluded by reiterating that the overall goal of the tax reform agenda is to create a more transparent, efficient, and growth-driven system capable of improving national revenue without worsening poverty levels.

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