Nigeria: The New Tax Haven for Startups, Small Businesses and SMEs
Lagos, Nigeria, 28th August 2025, ZEX PR WIRE, In a bold economic move, Nigeria has enacted the Nigerian Tax Act 2025, transforming the country into Africa’s most tax-friendly destination for startups, SMEs, and small businesses. This groundbreaking legislation offers unprecedented fiscal incentives, aiming to boost entrepreneurship, attract foreign investment, and cement Nigeria’s position as the continent’s leading innovation hub.
Key Provisions of the Nigerian Tax Act 2025
The NTA 2025 is a comprehensive tax reform built on four pillars: incentivization, simplification, digitalization, and transparency. It introduces measures that drastically reduce operational costs and encourage business growth, including:
5-Year Corporate Tax Holiday for qualifying startups in tech, agriculture, ...