Oyedele says 2026 tax laws will boost small firms, protect low earners
Nigeria’s 2026 tax reforms strategically pivot from a burdensome, multi-tax system to one designed to fuel broad-based economic growth by empowering the informal sector and low-income earners. The core strategy eliminates taxes for the smallest businesses and low-wage workers while cutting the corporate rate, incentivizing formalization to transform micro-enterprises into larger, taxable entities. This overhaul aims to stimulate inclusive development where growth is widely felt, enhance global competitiveness, and stabilize public finances after a period of severe
