Economists Warn Higher Capital Gains Tax May Deter Foreign Investors
Economic experts have cautioned that the Federal Government’s decision to raise Capital Gains Tax (CGT) from 10 per cent to 30 per cent could discourage foreign investment and slow down activity in Nigeria’s equity market. The tax adjustment, part of sweeping reforms under the newly signed Nigeria Tax Act, Nigeria Tax Administration Act, and Nigeria Revenue Service Act, will take effect from January 1, 2026. The reforms are aimed at