Peter Obi Urges Nigerian Government to Suspend New Tax Laws Over Critical Errors

Former Nigerian Vice Presidential candidate Peter Obi has urged the Federal Government to suspend the rollout of Nigeria's new tax laws, citing 31 critical errors identified by KPMG Nigeria. Obi highlighted concerns around taxation of share dividends, handling of obligations for non-resident foreign exchange deductions, and other problematic areas in the draft.

He criticized the lack of public engagement in finalizing the tax laws, emphasizing the need for clarity and consensus before enforcement. Obi expressed worries about the impact on ordinary Nigerians, including rising food prices and reduced purchasing power, urging the government to prioritize tangible benefits for citizens.