ActionAid Nigeria Calls for Tax Review to Aid Small Businesses

ActionAid Nigeria's Board Director has urged the Federal Government and the National Assembly to review the tax impact on small businesses and other sectors, advocating for relief measures. The organization stresses the importance of ensuring that revenue generated is clearly tracked and spent, particularly in primary healthcare for underserved communities.

Recent reports indicate that Nigeria's external reserves have grown to $51.5 billion, while public debt has increased to ₦156.28 trillion, with ₦11.6 billion set aside for debt servicing in 2026. Despite recent reforms, 79 million Nigerians remain poor, according to the Nigeria Bureau of Statistics.

The headline inflation rate stands at 15.91%, with food prices continuing to rise. The minimum wage of ₦70,000 is insufficient for families, and the recent reduction in petrol prices has not provided adequate relief, as petrol sells above ₦1,100 per liter.

ActionAid Nigeria remains committed to advocating for social justice and ensuring that Nigeria's development does not leave vulnerable populations behind.