Nigerian Government Considers Reviewing Capital Gains Tax Amid Investor Concerns

The Nigerian government is contemplating a review of the capital gains tax (CGT) to guarantee fairness and transparency in investment regulations. Joseph Olasunkanmi Tegb, chairman of the committee overseeing the review, assured stakeholders in Abuja of a consultative process.

Concerns have been raised over the proposed 30% levy on the sale of Nigerian shares and the potential impact on both domestic and foreign investors. The government aims to address these issues through wider consultations and a human-centered approach to tax implementation.