Nigeria’s Tax Reforms Backfire: Street Protests Erupt as VAT Hits 10% and Crypto Gains Are Taxed”
President Tinubu’s new 10% VAT hike and crypto transaction taxes trigger nationwide “#NoToAusterity” protests. Lagos businesses report a 40% sales drop, while Binance pauses naira transactions. The IMF defends the reforms as “necessary for debt relief,” but traders retort: “We’re funding politicians’ SUVs, not schools.
