Nigeria's President Bola Tinubu has ordered the suspension of a newly introduced 10% tax on single-use plastics and excise duty on some locally manufactured products to reduce business costs in Africa's biggest economy, his spokesman said on Thursday.
Nigeria is one of the biggest plastic polluters on the continent, contributing some 2.5 million tonnes of plastic waste annually, some of which ends up in the sea, official data shows.
Dele Alake said Tinubu signed executive orders suspending a green tax on single-use plastics, including plastic containers and bottles, that was introduced in March.
The orders also suspended implementation of a 5% telecoms tax first mooted by the previous government and stopped an increase in car import duty and excise duty on selected goods manufactured locally.
"As a listening leader, the president issued these orders to ameliorate the negative impacts of the tax adjustments on businesses and chokehold on households across affected sectors," Alake told reporters.
Tinubu, who took office in May, has embarked on Nigeria's boldest reform agenda in decades, including the removal of a popular petrol subsidy and restrictions on foreign exchange trading, as he seeks to boost sluggish growth.
There would be no further tax rises without wider consultations, Alake said, adding that Tinubu would pursue business-friendly policies.
Latest Stories
-
Central Region schools and CIUCC celebrate United Nations Chinese Language Day
2 hours -
Maiden AshantiFest peaks this Easter weekend, Kumasi residents ready to participate in fun-filled activities
2 hours -
Joseph Nelson tackles potholes on Asem-asa N1 highway on Takoradi-Accra road
3 hours -
W/Regional Minister slams police officers allegedly accepting bribes from illegal miners
3 hours -
UEW expels postgraduate student over massive admission and certificate fraud scheme
3 hours -
GNPC’s EXPLORCO to drill first Voltaian Basin Well in 2026 as Ghana courts energy investors
3 hours -
“We have been caged” – GAFORB urges BoG to reassess forex operational guidelines
3 hours -
The idea is to give everyone a chance in football – CAF rep on African Schools Football Championship
4 hours -
MP Jerry Ahmed Shaib sounds alarm over prolonged ‘dumsor’ in Weija‑Gbawe, demands urgent action
4 hours -
Women and Girls Bleed Too: Shining the Light on haemophilia and bleeding disorders in Women and girls
4 hours -
‘Our galamsey fight is nothing but staged drama until the kingpins are dealt with’ – Prof Boadi
5 hours -
Ramadan Cup: Kudus, Kamaldeen donate trophy, medals and cash prize for 10th edition
5 hours -
Gov’t must act to end banditry and domestic terrorism in Bawku – Mamprugu overlord
5 hours -
A/R Minister announces plans to relocate Kumasi Central Prisons to help decongest the city
5 hours -
Your jobs are safe – Lands Minister assures Damang Mines workers
7 hours