Analysts Fear Asset Sell-Off Due to Nigeria's New Capital Gains Tax
The Nigerian government's introduction of the Capital Gains Tax (CGT) effective from January 1, 2026, has raised fears among analysts about potential asset sell-offs by investors. The move, signed into law by President Bola Tinubu in June 2025, increases the CGT rate from 10% to 30%, causing market volatility and concerns about its impact on investment and economic stability.
However, Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, clarified that the tax would not affect retail investors with assets below N150 million annually.
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