Brand Expressions

Top Menu

  • About us
  • Advertise
  • Contact us

Main Menu

  • Home
  • News
  • Advertising
  • Branding
  • Marketing
  • Agriculture
  • Feature
  • Interviews
  • Events
  • About us
  • Advertise
  • Contact us

logo

Header Banner

Brand Expressions

  • Home
  • News
  • Advertising
  • Branding
  • Marketing
  • Agriculture
  • Feature
  • Interviews
  • Events
EconomyNews
Home›Economy›FENRAD Condemns New Tax Law as Wicked, Exploitative, Demands Immediate Suspension

FENRAD Condemns New Tax Law as Wicked, Exploitative, Demands Immediate Suspension

By Fadare Adekanmi
February 23, 2026
93
0
Share:

 

The Foundation for Environmental Rights Advocacy & Development (FENRAD) has strongly condemned Nigeria’s newly introduced tax law, describing it as “wicked, exploitative and anti-people,” and calling for its immediate suspension.

In a press statement issued in Abuja on February 13, 2026, the civil society organization expressed deep concern over the timing and impact of the policy, arguing that it places additional burdens on Nigerians already struggling with economic hardship.

FENRAD stated that at a time when inflation remains high, unemployment persists, the naira faces volatility, and purchasing power continues to decline, introducing additional tax measures would further compound the suffering of ordinary citizens.

According to the organization, the new tax framework disproportionately affects low- and middle-income earners, small and medium-sized enterprises (SMEs), and marginalized communities.

The group described the policy as disconnected from economic realities, warning that rather than fostering inclusive growth and recovery, it risks widening inequality and eroding public trust in governance.

“As an environmental and social justice organization, we fault the present administration for failing to prioritize people-centered economic reforms,” the statement read.

FENRAD argued that fiscal policy should serve as a tool for social protection and national development, not as an instrument that deepens hardship during economic instability.

The organization emphasized that sustainable revenue generation cannot come at the expense of vulnerable populations. It urged the government to instead strengthen progressive taxation mechanisms that ensure high-income earners and large corporations meet their fair tax obligations.

FENRAD also called for urgent measures to plug revenue leakages and tackle corruption within public financial management systems.

Furthermore, the group demanded a transparent economic and social impact assessment of the new tax measures and broader consultation with civil society organizations, labor unions, business associations, and community stakeholders before full implementation.

The organization urged the National Assembly to exercise its constitutional oversight responsibility by reviewing the tax policy to ensure it aligns with principles of equity, fairness, and social justice.

“Economic reforms must be anchored in compassion, transparency, and inclusivity,” FENRAD stated, warning that any policy that disproportionately affects the poor undermines national cohesion and long-term development objectives.

The Foundation reaffirmed its commitment to advocating for economic justice, environmental sustainability, and accountable governance, while expressing readiness to engage constructively with policymakers to advance equitable reforms that protect the dignity and welfare of Nigerians.

The statement was signed by Comrade Nelson Nnanna Nwafor, Executive Director of the Foundation for Environmental Rights Advocacy & Development (FENRAD), Abuja.

 

Previous Article

INEC Fixes February 20, 2027 for Presidential ...

Next Article

University of Ilesa Nursing Laboratory Project Sparks ...

Share:

Related articles More from author

  • CrimeEconomy

    Ali Bello alleged ₦10bn Fraud: Court orders Police, DSS to probe registrar, defendant over evidence tampering

    February 11, 2026
    By Fadare Adekanmi
  • News

    ‘I’m Running Again Based On My Records,’ Sanwo-Olu Declares

    December 1, 2022
    By Fadare Adekanmi
  • EntertainmentNews

    Portable Blasts Queen Dammy For Publicly Denying Their Romance

    February 23, 2026
    By Fadare Adekanmi
  • News

    So Fresh Continues to be an Advocate for Healthy Lifestyle in Nigeria

    February 15, 2022
    By Brand Expressions
  • CrimeEconomyNewsUncategorized

    Free Meters: Report Any Official Demanding Cash, FG Warns

    February 9, 2026
    By Fadare Adekanmi
  • News

    WhiteBIT Expands Operations to Nigeria, Enabling Local Market Access to Global Crypto Trading

    June 3, 2023
    By Brand Expressions

Leave a reply Cancel reply

  • News

    EFCC Declares Timipre Sylva Wanted Over $14.8m Fraud

  • BrandingEntertainmentEvents

    Abelinis hosts second edition of WITFLIX experience, inaugurates high-impact leadership conversation

  • News

    Fidelity Bank appoints Onwughalu as Chairman

About us

Brand Expressions is positioned to be the engine room of value creation for readers, our prospective clients and society at large. To create enduring and distinctive value for stakeholders, through the application of consistent positive policy ethics, application of robust professionalism.

Latest News

  • ALAT “Evolution” Jingle: Catchy, contemporary, short on emotional depth April 15, 2026
  • I Spent 4 Years Paying My Younger Sister’s School Fees, But On Her Graduation.. April 15, 2026
  • AAJ EXPRESS CELEBRATES 7TH ANNIVERSARY OF INNOVATIVE LOGISTICS WITH LAUNCH OF AAJ SEND APP, DRIVERFORCE APP AND TRANSPORT PRO PLATFORM FOR LOGISTICS OPERATORS AND USERS April 15, 2026
  • EDC, SMEDAN, others, partner to strengthen capacity among Agric SMEs April 15, 2026

Contact Information

48, Makinde Street, off old Ota Road, Oko-Filling, Ilapo Estate, Alagbado, Lagos State. Nigeria

Tel: 08027291429, 08032505370 08085022650

Follow On Social Media

© 2109 Brand Expressions Designed by 3Brothers Media