LCCI Reports Multiple Taxation Hinders Nigerian Businesses

The Lagos Chamber of Commerce and Industry (LCCI) reported that multiple taxation remains the most significant constraint for Nigerian businesses, as indicated by the Central Bank of Nigeria’s September 2026 Business Expectations Survey. LCCI President Engr. Leye Kupoluyi stated that despite new laws imposing penalties of up to N5 million or three years’ imprisonment for illegal tax collection, issues persist.

Manufacturers in Apapa have reported that trucks are frequently stopped by various agencies and non-state actors, leading to an estimated loss of N100 billion due to congestion on the port corridor. Kupoluyi urged the Joint Revenue Board and state governments to publish a consolidated schedule of lawful levies to provide clarity for businesses.

He also advocated for a single consolidated bill for all port-related charges and the establishment of a tax ombudsman. Additionally, concerns were raised regarding the readiness of mid-sized firms for the Nigeria Revenue Service's e-invoicing system, which went live on July 1, 2026, with penalties starting in Q1 2027 for non-compliance.