Tax Reforms Not Against the Poor, Analyst Assures Nigerians
By Idowu Adebomi, Ado Ekiti A leading policy expert has called for calm over growing public concerns over Nigeria’s proposed tax reforms, assuring that the changes are designed to protect low- and middle-income earners while placing a greater burden on the country’s highest earners. The clarification was made by investment banker and financial analyst, Sidiku Olyinkan Oscars, during an exclusive interview.Sidiku addressed widespread speculation and misinformation surrounding the reforms scheduled to take effect in 2026. He firmly dismissed rumours suggesting the introduction of a blanket 20 per cent tax on bank transfers and personal savings, describing such claims as false and misleading. According to him, savings account holders would not lose money, as interest earned on savings does not attract any new punitive levy under the proposed framework. He warned that the spread of unverified information was fuelling unnecessary public anxiety. Sidiku explained that ...
