10-05-2025
Nigeria Overhauls Colonial-Era Tax Rules in Pro-Business Push
Halfway into a four-year tenure, President Bola Tinubu's push to reform the floundering economy of Africa's most-populous country has received the most significant thrust yet: An overhaul of tax laws, some that date back to Nigeria's colonial past.
On Thursday, senators passed four tax bills, ending a nearly two-year push. The draft legislation, which excludes Tinubu's appeal to raise value-added tax but backs other measures he sought, will now be sent to the president for assent and may be in place later this year or in early 2026.
