Former Minister of Transportation, Rotimi Amaechi, has warned Nigerians about the potential implications of a proposed tax reform, alleging that businesses could face heavy deductions if the All Progressives Congress (APC) wins the 2027 general elections.
Speaking at a recent political gathering, Amaechi claimed that by January or February following the 2027 elections, Nigerians particularly business owners could begin to feel the impact of a new tax regime.
“By January or February next year, all of you will be in trouble if APC wins. Immediately after the 2027 election, APC will implement the tax law. Under this tax law, if I pay you ₦100 million for your building materials, ₦25 million will automatically leave your account,” he said.
The former Rivers State governor alleged that the proposed tax framework would introduce automatic deductions on large transactions, a move he argued could significantly affect contractors, suppliers, and entrepreneurs across various sectors of the economy.
Amaechi did not provide specific details of the tax bill but insisted that Nigerians should pay close attention to fiscal policies being proposed ahead of the 2027 polls.
