The Society of Women in Taxation (SWIT) is urging the Nigerian government to make tax reforms that support women, especially those earning very little. At the 2024 SWIT Leadership Retreat in Abuja, the group highlighted how most women working in Nigeria’s informal economy struggle with taxes despite having low incomes.
According to Genderpedia.ng, many women in Nigeria are involved in small businesses, such as selling food at markets or running small shops. Around 60% of these women fall into the low-income bracket, earning just enough to survive. Yet, they often pay taxes that cut into their already limited earnings. A woman selling vegetables at a local market might barely make enough to cover her family’s needs, but she is still expected to pay taxes.
The good news is that the government’s new tax reforms aim to reduce taxes for those earning less while asking wealthier people and big companies to pay more. This could help market women and small traders keep more of their money. These women can now have enough to reinvest her savings into their businesses or take care of their children’s education.
However, one big challenge is making sure these women understand the reforms. Many of them don’t have access to information or financial services. SWIT is asking the government to reach out to women in the informal sector and ensure they know how to benefit from the changes.
Beyond easing taxes, SWIT also believes these reforms could help close the gender pay gap and give women more opportunities to thrive in the economy. Fairer taxes mean women have a better shot at growing their businesses and improving their lives.
The Chartered Institute of Taxation of Nigeria (CITN) praised SWIT for speaking up. As the reforms move forward, it’s crucial to make sure they truly help women who need the most support. With fair policies, more women can build stronger businesses and brighter futures.
