Africa-Press – Nigeria. The Federal Government has assured investors and stakeholders that concerns surrounding the Capital Gains Tax, CGT, will be thoroughly addressed before Nigeria’s new tax laws take effect on January 1, 2026.
Chairman of the National Tax Policy Implementation Committee, NTPIC, Mr. Joseph Olasunkanmi Tegbe, gave the assurance on Friday during the committee’s inauguration in Abuja.
The pledge comes amid strong pushback from businesses and investors over the planned increase of the CGT to 30 percent, as stipulated in the amended Nigerian Tax Act.
Tegbe said the committee is committed to ensuring the implementation process remains fair, responsible and transparent, and also with “a human face”.
He noted that the tasks ahead are significant and crucial to the country’s economic progress. According to him, issues surrounding CGT are among the key concerns that will be addressed “in the coming days”.
“The tax laws touch on the core of tax administration, federal and state-level interpretation, and ease of doing business,” he said. “We want to reassure Nigerians and investors that the implementation of this act will be fair, transparent, and without surprises.”
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