Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms says the recently increased Capital Gains Tax will be reviewed downward before its implementation in January 2026. Committee chairman Taiwo Mr. Oyedele confirmed plans to reduce the rate from the newly approved 30 percent to 25 percent, applying equally to local and foreign investors.
The government is also seeking to cut corporate income tax from 30 percent to 25 percent, pending approval by governors through the National Economic Council. Officials say the review follows investor caution in the equities market amid geopolitical tensions and concerns over the new tax regime.
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Businesses are expected to benefit further from reforms allowing full input VAT credits on assets, services and overheads—relief estimated at more than ₦5.4 trillion, which authorities describe as a major stimulus from 2026.
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