Tinubu eases throttle on taxes

President Bola Tinubu has put the brakes on the implementation of some of the tax changes made by his predecessor, providing temporary reprieve to businesses and households groaning under the weight of new charges aimed at propping up government revenue.

Tinubu signed on Thursday four Executive Orders, postponing the enforcement of taxes on telecommunication services and alcoholic beverages and suspending the green tax, including the single use plastics tax and the import adjustment levy on certain categories of vehicles.