Ireti Kingibe Warns of 25% Tax Law Post-Election

Senator Ireti Kingibe has alerted Nigerians to a potential increase in their tax burden, stating that a policy mandating citizens to pay 25% of their earnings in tax has already been passed by the National Assembly. In a recent video addressing her supporters in the Federal Capital Territory, Kingibe expressed concern that many citizens are unaware of this policy and suggested its implementation might be postponed until after the next general election.

She warned that this tax measure could exacerbate financial pressures on Nigerians already facing high living costs and declining purchasing power. Kingibe emphasized that the law requiring the 25% tax has been enacted but may not be enforced until after the elections.

However, the specifics of the legislation need verification, as the current Nigeria Tax Act 2025, effective January 1, 2026, employs a progressive tax system with varying rates, meaning not all Nigerians will pay a flat 25% tax on their earnings.