Oyedele Calms Investors on Capital Gains Tax Impact in Nigeria

Taiwo Oyedele, chairman of the Presidential Fiscal Policy Tax Reform Committee, clarified that the proposed Capital Gains Tax (CGT) framework in Nigeria is designed to protect retail investors and sustain market liquidity. Oyedele emphasized that the vast majority of investors, including pension funds and mutual funds, are exempt from CGT.

The framework aims to reduce the number of investors potentially liable for CGT, with only a small fraction outside the exempt categories. Oyedele highlighted that the proposed CGT is not expected to trigger market volatility based on historical data.