In a draft proposal under Nigeria’s ongoing tax reforms, the Federal Inland Revenue Service (FIRS) is advocating for exemptions on food, education, and agricultural inputs, sources told Punch.
The exemptions are intended to ease the burden on vulnerable households and stimulate growth in the agricultural sector. If adopted, staples and school-related materials would no longer attract value-added tax or certain levies.
Proponents argue these changes will promote food security, improve access to education, and support farmers by lowering production costs. Critics warn about the potential loss of government revenue and demand clear thresholds to prevent abuse.
The final decision will rest with the National Assembly and the executive, as the reforms are packaged within broader fiscal strategies slated for implementation in 2026.
