Nigeria’s Tinubu suspends new 10 percent plastic tax to cut costs | Tax News

Tinubu, who took office in May, has embarked on Nigeria’s boldest reform agenda in decades to boost sluggish growth in Africa’s largest economy.

Nigeria’s President Bola Tinubu has ordered the suspension of a newly introduced 10 percent 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.

One of the biggest plastic polluters on the continent, Nigeria generates some 2.5 million tonnes of plastic waste annually, some of which ends up in the sea, official data…