Author: Tope Fasua

IN recent weeks, a wave of commentary has suggested that Nigeria’s new tax regime may scare away investors, trigger capital flight, or damage business competitiveness. These concerns, although understandable in an environment where fiscal reforms attract intense public scrutiny, are largely misplaced. The 2025 tax reforms, anchored by the new Nigeria Tax Act (NTA) and Nigeria Tax Administration Act (NTAA), represent one of Nigeria’s most pro-investment, pro-market, and modernising tax policy updates in decades. Far from undermining growth and competitiveness, the reforms simplify the tax landscape, align Nigeria with global best practices, reduce compliance burdens, and protect both businesses and…

1. Only 3% of GDP is oil and gas. They rest is non oil. 2. Better capturing of entertainment sector where many youths are involved. 3. Higher volumes of local manufacturing due to weaker naira and reduced imports. 4. 30% increase in non oil exports and 30% reduction in all imports. 5. New oil and gas industry where Nigeria is net exporter of refined petroleum to US and Saudi and UAE while we have become a new importer of crude oil. Disappearance of fuel queues with ease of local production by Dangote etc. 6. Incentive for non-oil exports like cocoa,…