The Business NG - December 15, 2025

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Editorial Focus: A New Tax Deal for Growth and Trust

Nigeria’s proposed tax reforms signal a long-awaited reset of a system that has burdened businesses and alienated citizens for decades. Unveiled by the Federal Government through the FIRS, the changes aim to simplify tax administration, promote fairness, and unlock economic growth. At the heart of the reform is a deliberate shift from excessive revenue extraction to trust-building and productivity.

Reducing corporate income tax from 30% to 25% is a bold gamble, especially at a time of fiscal strain. Yet, it reflects a strategic choice: prioritize long-term expansion over short-term gains. Lower rates, if matched with transparency and enforcement, could widen the tax net, boost compliance, and attract investment.

Equally important is the promise to ease the burden on low-income earners and dismantle multiple, overlapping taxes that have long discouraged formalization. However, success will depend on disciplined implementation, cooperation across tiers of government, and sustained political will.

For businesses, the reforms offer cautious optimism. For Nigeria, they present a chance to finally align taxation with growth, equity, and accountability.