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Vol 67 No 3

Published 6th February 2026


Nigeria

Tinubu gambles heavily on ‘fairer’ taxes

Growth, reserves and inflation are improving but the government’s new revenue drive is politically risky

Almost a year before they seek re-election, President Bola Tinubu and his All Progressives Congress (APC) administration continue to promote the much debated benefits of their ambitious reform agenda. Yet with the 2024 protests over soaring fuel and food prices and the wider cost-of-living shock triggered by the removal of the fuel subsidy, and reforms still fresh, the political dimension of Tinubu’s tax reforms will be closely watched by his economic team and the opposition. Government policymakers have become bolder because of the divided and quiescent opposition parties seem unable to capitalise on some unpopular initiatives from Tinubu’s team. Should that change in the next few months, campaigning for next year’s states and presidential elections could quickly get a lot more exciting.

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