Presidency Rebuts Allegations of Looming 25% Post-Election Tax Hike

In an update published by Daily Post, the Nigerian Presidency has dismissed claims made by former Transportation Minister Rotimi Amaechi regarding a purported plan to implement a 25% tax increase following the next general election. Presidential spokesperson Bayo Onanuga labeled the allegations as “egregious lies” intended to incite public fear and create political instability. The government insists there are no such provisions in the current or proposed tax laws.
The controversy erupted after a viral video showed the former minister warning citizens that an APC victory would lead to a significant tax burden on business transactions and rent. Amaechi had suggested that the government was delaying the implementation of these taxes to avoid voter backlash, urging the public to verify the “new tax law” with legal experts.
In its rebuttal, the Presidency clarified that the ongoing tax reforms are focused on simplification and efficiency rather than arbitrary increases. The administration reiterated its commitment to creating a business-friendly environment and cautioned political actors against spreading misinformation that could disrupt the economy.
The Nation corroborated the Presidency’s stance, noting that the Federal Ministry of Finance has no such 25% levy in its 2026 projections. A legal expert quoted in ThisDay stated, “There is no legislative record of a post-dated tax law of this magnitude; such claims appear to be purely speculative.” Additionally, Channels TV reported that the viral video has sparked intense debate on social media, with one analyst noting, “Political rhetoric regarding taxation must be grounded in documented policy to avoid unnecessary market panic.”
Echotitbits take: This exchange highlights the heightening political tension as the 2027 election cycle begins to loom. Expect taxation to remain a central, albeit contentious, campaign issue as both sides scramble to define the economic narrative.
Source: Vanguard – https://www.vanguardngr.com/2026/01/presidency-rebuts-kpmgs-claims-on-new-tax-laws-defends-reform-choices-2/, and February 15, 2026
Photo credit: Vanguard