Taiwo Oyedele Defends Nigeria's Capital Gains Tax Reforms Amid Investor Feedback

Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy Tax Reform, defends Nigeria's Capital Gains Tax (CGT) reforms, highlighting that 90% of investors provided positive feedback during a recent virtual call. Despite some foreign investors expressing frustration, Oyedele emphasizes the importance of fair taxation and progressivity in fiscal policies.

He refutes claims of misleading information on CGT for foreign equity investors, stating that Nigeria is in line with other African markets like South Africa and Egypt in applying such taxes. Oyedele aims to attract investors and enhance Nigeria's competitiveness in the global market.