World Bank urges FG to raise taxes on certain goods before accessing $750m loan

World Bank wants workers earning below Sh32K exempted from paying housing levy, SHIF

The World Bank wants Kenya to exempt workers earning less than 32,333 shillings from paying the housing tax and Social Health Insurance Fund (SHIF) to boost the disposable income of low-earning workers. The multilateral lender has termed the levies unpopular despite President William Ruto backing the deductions to deliver affordable housing and universal health coverage. […]

$750m loan: World Bank pressures Nigeria for fresh tax hike

The World Bank has asked the Federal Government to issue a presidential order raising excise duties on sin goods such as alcohol, tobacco, and sugary drinks as a key requirement under the $750m ...

World Bank urges FG to raise taxes on certain goods before accessing $750m loan

Nigerians may grapple with higher taxes before the end of 2025 due to the tax reform bills, approved telecom and electricity tariff hikes, and another tax raise.