The Truth about Taxes in Nigeria: 2025 Tax Bill Explained!

Nigeria just passed its boldest tax reform bill in decades, and it changes everything about how you, your business, and even your digital assets are taxed. From personal income to capital gains and even crypto, nothing is left untouched. While it promises simplicity and fairness, the real question is whether it can fix Nigeria’s broken tax system. Do you think this reform is what the country needs, or will it make things harder?

0:00 - Introduction
0:37 - What is Tax?
2:15 - A Broken System of Tax
6:06 - The New Tax Laws Explained
7:18 - Tax for Everyone

Sources:

The 2025 Nigeria Tax Act
https://tat.gov.ng/Nigeria-Tax-Act-20...

KPMG - The Nigeria Tax Act1 (NTA), 2025 (Link to the Table Referenced)
https://assets.kpmg.com/content/dam/k...

PWC - The Nigerian Tax Reform Acts: Top 20 changes to know and top 6 things to do June 2025
https://www.pwc.com/ng/en/assets/pdf/...

Nigerian Economic Summit Group
A New Fiscal Framework: Key Provisions of Nigeria’s 2025 Tax Reform Laws
https://www.nesgroup.org/blog/A-New-F...

Research Paper on Tax as a Social Contract
https://www.gu.se/sites/default/files...

Universiti Utara Malaysia (UUM) Institutional Repository (UUM-IR)
Zakariya’u Gurama1, Dr. Muzainah binti Mansor and Abdurrahman Adamu Pantamee
https://repo.uum.edu.my/id/eprint/16182/

World Bank / Africa Infrastructure Country Diagnostic (AICD)
Nigeria’s Infrastructure: A Continental Perspective (2011)
Vivien Foster and Nataliya Pushak
https://documents1.worldbank.org/cura...

An Overview of the Nigerian Tax System: Implications for Foreign Investors
By Mark Anthony C. Dike, FCTI
President and Chairman of Council, The Chartered Institute of Taxation of Nigeria (CITN)
https://www.citn.org/member_files/tax...