‘It Is Wrong To Squeeze Citizens Your Economy Failed To Employ,’ Gst Hub Faults Tinubu Over Introduction Of Tax For Informal Sector Businesses
A discussion hub on X, Gst Hub has faulted the Bola Tinubu government’s decision to introduce a 1% flat tax on the turnover of informal-sector businesses under a new presumptive tax framework.
The Federal Government recently unveiled a one per cent presumptive tax regime for the informal sector of the economy
It, however, banned the use of roadblocks for collecting taxes and levies nationwide.
Under the new tax regulation, which was signed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in Abuja,yesterday, the government imposed a flat one per cent turnover levy on eligible operators, while exempting micro, smallest and most vulnerable businesses.
This, the government insisted, is a structural reform intended to broaden the boat’s base without raising tax payments.
Edun argued that the regulation signals a transition from legislation to structured implementation following the passage of tax reform laws that took effect between mid-2025 and January 2026.
He maintained that the sole objective of the fresh regulation was to formalise millions of micro and small enterprises that operate outside the tax net.
Reacting in a post on x, Gst hub in a post faulted the new tax, describing it as absurb.
‘’Nigeria’s economy has failed its people. 93 % of workers survive in the informal sector because there are no formal jobs. Now the government wants to introduce an extra 1% tax to every small business. You don’t expand the tax base by squeezing people the economy has already failed to employ.’’
