Tinubu Government to Scrap Five Bank Charges in 2026 for Economic Growth

The Nigerian government, under Bola Tinubu's leadership, will scrap five bank charges from January 2026 as part of a tax reform package to stimulate economic growth and improve the ease of doing business. The move aims to reduce financial pressure on low-income earners and small businesses across the country.

The reforms, outlined by Taiwo Oyedele, include the elimination of charges on electronic money transfers, stamp duties on salary payments, and stock share transfers to promote investment and financial inclusivity. This initiative is expected to encourage digital transactions and boost the country's financial market participation.