New Tax Laws to Boost Nigeria's Capital Flow and Growth

During the 3rd Public-Private Partnership Capital Market Colloquium held on Monday in Abuja, Professor Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reform, stated that the new tax laws are designed to unify, provide transparency, and create a predictable framework for businesses. He noted that these reforms are crucial for enhancing capital flow and productivity, complementing monetary policy reforms to stabilize exchange rates and improve foreign exchange liquidity.

Oyedele pointed out that the fragmented and complex nature of the current tax system discourages investment and limits market efficiency. He also reported that the Nigerian Stock Exchange (NGX) had shown a robust 25.3% return in the first seven weeks of 2026, with market capitalization reaching a record N125 trillion by February 20, 2026.

Professor Uwalek, Director of the Institute of Capital Market Studies, emphasized the need for a fully integrated capital market to support economic growth and efficient resource allocation.