FG to remove tax on food items, house rents, public transports and others

The chairman of the Presidential Committee on Fiscal Policy, Taiwo Oyedele, has revealed that the committee has proposed to the federal government the removal of taxes on food, public transportation, house rents, and other basic necessities critical to the well-being of Nigerians.

Oyedele shared this information on Monday during an interview with newsmen in Abuja.

He emphasized that the proposal also includes the exemption of value-added tax (VAT) on these essential goods and services, with the aim of alleviating the financial burden on citizens by making basic necessities more affordable.

The proposal is expected to be signed by President Tinubu shortly, after which it will be sent to the National Assembly for incorporation into the nation’s tax laws.