New tax laws: Tinubu prioritises money over Nigerians, says PDP

…Insists on suspension of implementation

The Peoples Democratic Party (PDP) has accused President Bola Tinubu of prioritising the expected financial gains over the welfare of Nigerians by insisting on the January 1, 2026 commencement date.

Ini Ememobong, the party’s National Publicity Secretary, in a statement on Tuesday, said the President’s refusal to accept public pleas for suspension of the commencement date of the Tax Act, based on the discrepancies between the harmonised and gazetted versions of the new Tax Act, also exposes his love for greater revenue consideration over the feelings of Nigerians.

This is coming on the heels of President Tinubu’s statement on Tuesday, where he appealed to Nigerians to allow the take off of the laws as scheduled for January 1, 2026

The President also assured Nigerians of his administration’s preparedness to cooperate with members of the National Assembly to address any observed discrepancies between what they earlier passed and the gazetted laws he signed.

But the PDP, in its statement, said the interest of Nigerians must be uppermost in the mind of the President and the Federal Government, adding that ” a mere suspicion, let alone a confirmed fact, that unapproved sections have been smuggled into a law with the capacity to affect all Nigerians is sufficient reason to suspend its commencement.”

It noted that Nigerians across all walks of life have loudly voiced their displeasure over the smuggling in of very dangerous provisions which were expunged earlier by the Parliament.

Read also: Tinubu presses on with tax overhaul on Jan 1

The party said the President has remains adamant despite the demands for a thorough investigation of this anomaly and sought to know who carried out the illegal insertion and how it was done.

“Rather than address these issues comprehensively, the Presidency has consciously minimised them and instead vehemently insisted that the commencement date must stand, despite the discrepancies.”

According to the PDP, ” this disposition clearly shows where the priority of the government lies-between Nigerians and money.

” This Tinubu Presidency has always prioritised finance over the welfare and well-being of Nigerians from its inception in 2023, as evidenced by the reckless way it announced and implemented the removal of subsidy, which immediately impacted the economy of the country and caused ordinary Nigerians to suffer irreparable economic damage,” he said.

The party therefore , urged the President to ” remember that he is an employee of the people and, therefore, should listen to his employers.”

” He should also remember that he won with less than 40% of the votes in the elections that gave him the job, and should therefore recognise that listening to Nigerians must be a primary duty of his administration, rather than serving the narrow interests of people around him.

“Mr President is reminded that a responsible PDP administration in 2012 listened to the cries of Nigerians and civil society organisations (where he played a prominent role during the protests) against the removal of fuel subsidy, in deference to the voices of Nigerians.

“Consequently, we reiterate our earlier call for the suspension of the commencement date of the Tax Act, pending the conclusion of a thorough investigation. Obedience to laws in a democracy is directly linked to the belief that elected legislators have deliberated upon and approved them.

” The President must act in favour of the people of this country; to do otherwise is a clear confirmation that money, not the people, is the priority.”