Q&A: What Nigeria’s new tax regime means for workers and businesses in Lagos
On January 1, 2026, a new federal tax regime kicked in across Nigeria.
The Federal Government has argued that the laws that underpin the new tax regime – the Nigeria Tax Law, Nigeria Tax Administration Law, Nigeria Revenue Service (Establishment) Law, and Joint Revenue Board (Establishment) Law – will help to curb double taxation, expand the tax net and strengthen tax compliance.
However, the implementation of the new laws has come under public scrutiny, as civil society groups have raised concerns about discrepancies in the content of the gazetted law.
The Nigeria Labour Congress has also warned that the new laws will further impoverish low-income workers, although the nation’s tax czar, Taiwo Oyedele, has insisted the new regime actually benefits the poor and small businesses.
To understand the implications of the new tax law for workers and businesses in Lagos, Ikeja Record’s co-editor, Omon Okhuevbie, spoke to two financial experts.
Together, the…
