The Nigeria Revenue Service (NRS) has identified the primary beneficiaries of the new tax law introduced by President Bola Tinubu.

In an interview on Sunday with Arise Television, NRS Executive Chairman Zacchaeus Adedeji stated that the poor stand to gain the most from the recent tax reforms.

Adedeji emphasized that the government is not increasing taxes and highlighted that, considering all exemptions, more than 95% of the poor are fully exempted from taxation.

He further explained that the removal of Value Added Tax (VAT) on all food items significantly benefits the poor, as approximately 90% of their disposable income is spent on food.

“We have removed VAT entirely from these essential items. The same applies to transportation, which is a major expense for the poor,” Adedeji said.

He concluded that when all factors are considered, the net effect of the tax reforms overwhelmingly favors low-income earners.