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Nigeria Tax Chief Defends Reforms Amid Subsidy Debates In a Sunday Politics interview, Nigeria Revenue Service chairman Zacch Adedeji defended the Tinubu administration's reforms, warning that keeping the fuel subsidy would have ballooned to ₦53 trillion with the naira at ₦3,500 to the dollar. Social media discussions compared Nigeria's challenges to Manitoba, Canada, where a small population generates similar revenue and offers child benefits up to $8,157 per child alongside tax cuts and fuel tax suspensions. Supporters highlighted Nigeria's progress like ₦303 billion in student loans, minimum wage doubled to ₦70,000, rebuilt reserves over $40 billion, and falling debt-to-GDP at 32.3 percent, stressing the need to build fiscal strength before widespread relief.
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2 months ago
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