Group Warns New Tax Law in Nigeria Could Trigger Job Losses and Small Business Collapse

The Centre for Human Rights and Advocacy is cautioning against the implementation of Nigeria's new tax law, fearing it could result in mass job losses and the collapse of small businesses. The group's Executive Director, Chuka Peter Okoy, emphasized the potential negative impact on low-income earners and vulnerable individuals already grappling with rising living costs and job insecurity.

They are calling for a review to ensure the tax system promotes equity and safeguards vulnerable groups. The group also highlights the importance of citizen input in tax reforms to align policies with economic realities.