Asset Management Firm Backs 25% Capital Gains Tax for Market Stability in Nigeria

Arthur Stevens Asset Management Limited's Managing Director, Tunde Amolegbe, endorses Nigeria's plan to implement a 25% capital gains tax to enhance market stability by reducing volatility and deterring speculative foreign investments. The proposed tax reform aims to attract long-term investors, ensuring sustained market growth and depth.

Amolegbe emphasizes the importance of incentivizing capital retention within Nigeria's economy to foster market stability and attract quality investors. The reform is seen as a step towards maturing the Nigerian capital market and maintaining discipline among investors, especially in the lead-up to the 2027 elections.