**Breaking News: FG Lifts Roadblock Taxation, Introduces Simplified Tax Regime for Small Businesses** In a major boost for small and informal businesses across Nigeria, the Federal Government has officially banned the mounting of roadblocks by tax officials for the collection of levies and taxes on highways. This move, aimed at easing the burden on small businesses, is part of a broader effort to simplify tax payments and bring millions of informal businesses into the formal economy. The new Presumptive Tax Framework (PTF) is designed to provide a fair and predictable system for tax compliance, allowing small businesses to easily meet their tax obligations without the complexity of accounting requirements. This framework is a key component of the government's tax reform programme, which seeks to expand the country's tax base while protecting small businesses. According to Finance Minister Wale Edun, the PTF is anchored on the principle of inclusion, which drives sustainability. He explained that the framework will rely on clear indicators such as business category and turnover levels, rather than complicated financial records, to determine tax obligations. This, he said, will reduce compliance costs and provide a structured pathway for small businesses to enter the formal economy. The minister highlighted the importance of small and micro enterprises in Nigeria's economy, stating that they form the backbone of the country's economic growth. By providing a simplified tax regime, the government aims to strengthen non-oil revenue and widen the tax base without increasing existing tax rates. The PTF regulations also provide clarity for tax authorities and protect taxpayers from arbitrary assessments. With a stronger, more diversified revenue base, the government will be better equipped to invest in infrastructure, security, and social programmes, driving economic growth and development. This development is welcomed by small businesses and transport operators, who have long complained about the challenges posed by roadblocks for tax and levy collections. As Nigeria continues to navigate its economic landscape, the introduction of the PTF represents a significant step towards simplifying tax payments and promoting economic growth.