Tinubu's Tax Grab: Is Nigeria's Economy Being Squeezed Dry?

 This blog is not written to impress, but to deliver the unfiltered truth to the world. Unless the truth is spoken raw and undiluted, it will never reach the heart of the masses or the core of the nation. After a lie is told, every subsequent truth becomes suspicious.

The New Tax Reality: Protecting Your Assets

The Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) will now automatically serve as a Tax Identification Number (TIN). 

To ensure your private transactions are not wrongly taxed, you must use specific narrations:

Family Support: For money from relatives, use "Gift / Family support."

Repayments: For friends paying you back, use "Refund / Reimbursement."

Self-Transfers: Between your own accounts, use "Personal transfer / savings."

Borrowing: When receiving a loan, use "Loan received."

Business Funding: For personal investments into your business, use "Capital contribution."

A Government of Hardship and Embezzlement

The current administration is systematically finding ways to make life difficult for its citizens. President Tinubu has already lost the upcoming election in the hearts of the people; knowing he forced his way into power last time without a true mandate, he is now focused on squeezing the economy to embezzle what remains.

While the government steals from the national treasury without investigation, they demand taxes from the struggling masses. These funds are not used for the nation, but to sponsor the lifestyles of leaders' children abroad. There is no evidence of hard work—only the negative impact of corruption. 

Small businesses are taxed more heavily than large corporations, and now the government seeks to dip its hands into the personal savings of hard-working citizens. 

If this continues, Nigerians will return to cash-based living, and commercial banks will run dry. Tinubu and the corrupt leaders supporting him will eventually lose everything they have stolen. They must pay.

Injustice and State-Sponsored Insecurity

The history of tracking transactions in Nigeria is filled with selective justice. While an innocent man was once arrested and his assets confiscated simply for receiving a transfer from a criminal without a narration, the government itself faces no accountability. 

During peaceful protests, Tinubu enforced "Oro" rituals—open human sacrifice—in Lagos to intimidate citizens. The Nigerian forces did nothing, blindly ignoring their duty to protect the people.

The security crisis is deepening as terrorists, including those from Boko Haram, are now posing as members of the military, backed by corrupt leaders. They are being smuggled across state lines on motorcycles to terrorize Christians and innocent people. 

The government knows they are there and does nothing. 

Just seven months ago, a terrorist dressed in black stormed the Ojo area, killing innocent citizens. Despite being near a barracks, the military did not intervene because it wasn't "their" specific post under attack. Following this tragedy, the government offered no support to the victims, but instead returned two months later to destroy the local marketplace, leaving the community in ruins without infrastructure or compensation.

The War on the Common Man

The aggressive confiscation of motorcycles from riders who depend on them for daily income has sparked justified rage. While some riders are careless, the so-called law enforcers are not interested in safety or organization; they are interested in embezzlement. They seize bikes to sell them or demand expensive bail, snatching the daily bread from hard-working citizens while the government overlooks the abuse.

Nigeria is suffering under a faulty system of bad roads, failing hospitals, and corrupted law enforcement. Ninety percent of these wrongs stem from leaders who act as an infection upon the nation, while the remaining ten percent comes from the masses failing to unite against their oppressors. 

These leaders will destabilize any development that threatens their personal gain. However, this system of hardship will not last. The government’s attempt to steal from the hard-working citizen will eventually meet its end when the people reclaim their rights and their voice.