Green Tax Mislabels Middle-Class Cars, Warns CPPE CEO

The CEO of the Centre for the Promotion of Private Enterprise has cautioned the Federal Government against an overemphasis on revenue targets. He warned that an aggressive tax drive could stunt growth and deepen inequality. Speaking on a national morning show, he argued that fixing fiscal policy around tax specialists often sidelines social and developmental goals. He said excessive pressure on investors makes it harder to grow businesses and create jobs. On the new 2–4% “Green Tax” for vehicles above 2,000cc, he noted it wrongly classifies common models like the Toyota Camry and Honda Accord as luxury items. He highlighted Nigeria’s lack of mass transit, the impact on youth who depend on ride-hailing jobs, and the country’s larger climate challenges from gas flaring. While welcoming concessions on electric vehicles and certain industrial inputs, he urged the government to invest in affordable transport alternatives. He also called for greater transparency on how collected taxes are spent to ensure social welfare remains a core metric.

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