cost of living

Tax Reforms vs Reality: Why PAYE Cuts Feel Invisible to Workers

IDNN
Nigeria’s new tax reforms promise relief through PAYE reductions, yet many workers say they feel poorer, not better off. This deep dive examines why PAYE cuts feel invisible to workers, analysing inflation velocity, household cost absorption, payroll implementation gaps and the psychology of income perception that continues to undermine confidence in reform outcomes....

Workers React to New Tax Laws as Take-Home Pay Changes

IDNN
Nigerian workers have expressed mixed reactions to the new tax laws as changes to PAYE deductions alter take-home pay across income bands. While some employees report slight increases in net earnings, others say the gains are marginal and insufficient to offset rising living costs, highlighting uneven outcomes in early implementation of the reforms....

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