Nigerian Lady Shares How Much She Was Taxed After 200K And 30K Transactions

Nigerian Lady Shares How Much She Was Taxed After 200K And 30K Transactions

Nigerian lady named Bridget Nnenna has shared how much she was charged by her bank after a 200k and 30k transactions.

Bridget noted that her bank, Access Bank informed her that they will no longer charge the receiver, meaning most of the charges (taxes) now fall on the sender.

Bridget also anticipates that with this development, we will begin to see better healthcare, improved infrastructure, access to basic amenities, and genuine efforts toward ending poverty and hunger in Nigeria.

Sharing receipt of Facebook, she wrote;

“Nigeria Tax Palava!! 🇳🇬

Here is how much I was charged by my bank for transactions carried out on 1st January using two different banks:

For a ₦200,000 transfer, I was charged ₦50 and ₦3.75 separately.

For a ₦30,000 transfer, I was charged ₦25 and ₦1.88 separately.

You can check the attached receipts to see what the bank described these charges as, and to have an idea of what you may be charged or taxed when you carry out similar transactions.

For the record, Access Bank informed me that they will no longer charge the receiver, meaning most of the charges (taxes) now fall on the sender. So, if you are the sender, expect these charges.

Hopefully, with this development, we will begin to see better healthcare, improved infrastructure, access to basic amenities, and genuine efforts toward ending poverty and hunger in Nigeria.

Countries that tax their citizens are often associated with good governance. I sincerely hope the same can be said of Nigeria by 2026.

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Source: Bridget Nnenna| Facebook

Email: elora.akpotosevbe@yahoo.com