The Business NG - September 10, 2025

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Editorial Focus – September 10, 2025

The Federal Government’s decision to suspend immediate enforcement of the 5% Petroleum Products Tax has brought some relief to Nigerians already grappling with high living costs. Finance Minister Wale Edun’s assurance underscores a recognition that economic stability and public welfare must remain central to fiscal policy.

While the levy was intended to boost government revenues, its timing risked triggering another inflationary spiral by increasing fuel costs. Organised labour’s swift opposition and threats of industrial action reflected widespread fears that such measures could deepen hardship and stall recovery efforts.

The government’s pause provides an opportunity for deeper engagement with stakeholders on balancing revenue generation with social realities. Fiscal reforms must be transparent, well-sequenced, and anchored on long-term growth rather than short-term fixes.

BusinessNG believes this moment should serve as a turning point—where policymaking is guided less by expediency and more by empathy, economic prudence, and trust-building. A tax that worsens poverty is not sustainable. Nigeria needs reforms that drive inclusive growth while protecting households and businesses from further shocks.