Nigeria TV Info – OPS Leaders Raise Concerns Over New Tax Regime Ahead of 2026 Implementation

As Nigeria moves toward the January 1, 2026 effective date for the implementation of a new tax regime, some leaders of the Organised Private Sector (OPS) have expressed concerns that the reforms may not end multiple taxations and could have far-reaching implications for the country’s investment climate.

The new tax laws include the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service Act, and the Joint Revenue Board Act.

Stakeholders fear the regime could place an undue burden on businesses, especially with the sharp increase in the Corporate Capital Gains Tax (CGT) rate and heightened compliance obligations.

These concerns were raised in Lagos on Wednesday by the President of the Chartered Institute of Directors Nigeria (CIoD), Mr. Adetunji A. Oyebanji, and the President of the Nigeria British Chamber of Commerce (NBCC), Mr. Abimbola Olashore, during the “LCCI Organised Private Sector Stakeholders’ Forum on Emerging Tax Matters” with the theme: “A New Tax Regime, Fostering Collaboration for Economic Growth.”

Oyebanji noted that the four landmark tax reform bills signed into law in June 2025 are ambitious in scope and laudable in intent, as they aim to simplify tax administration, enhance compliance, and broaden the tax base.

However, he stressed that the CIoD Nigeria has a duty to articulate the concerns of its members, adding: “Our message today is one of partnership, not opposition.”