Nigeria's New Tax Laws Are Insane! Here's Why
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Nigeria's New Tax Laws Are Insane! Here's Why
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The Nigerian government has passed a major tax reform law, the Nigeria Tax Act, 2025 – along with related laws to overhaul how taxes are collected.These new rules are the biggest tax changes in decades, aiming to raise government revenue by bringing more people and businesses into the tax net. But what do all these legal terms mean for the average Nigerian? In this video, I will break down how personal income tax works under the new law, what small businesses will pay, how the law affects the informal sector (like market traders, drivers, and online hustlers), and how the government plans to enforce these taxes.
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