Nigeria’s 2025 Tax Reforms Boost Competitiveness, Simplify Levies, and Protect Investors — Tope Fasua

Dr. Tope Fasua has clarified public misconceptions surrounding Nigeria’s new tax administration laws set to take effect in January 2026. Contrary to fears of investor flight and high tax burdens, he explains that the Nigeria Tax Act (NTA) and Nigeria Tax Administration Act (NTAA) modernize the system, streamline levies, and align Nigeria with global standards. A key change is the 4% Development Levy, which replaces multiple fragmented taxes like TETFund, NITDA, NASENI, and Police Trust Fund levies—reducing compliance costs and improving predictability for businesses. The reforms also preserve Free Trade Zone incentives while curbing misuse, introduce a globally approved 15% minimum tax for large multinationals, and ensure fair competition with large domestic firms. Fasua argues the reforms ultimately enhance investor confidence, revenue stability, and Nigeria’s economic competitiveness.

NITDA Director-General Kashifu Abdullahi has raised alarm over the increasing weaponisation of social media in Nigeria after major tech platforms deactivated more than 28 million abusive accounts linked largely to Nigerian online actors over the past year.

Speaking at a crisis communication symposium in Abuja, Abdullahi revealed that:

Google shut down 9.6 million accounts

LinkedIn removed nearly 16 million accounts — a figure he described as “outrageous” for a professional platform

TikTok carried out millions of additional bans

These accounts were linked to fraud, impersonation, disinformation, and harmful content. In addition, tech platforms took down over 58.9 million harmful posts, while 420,000 were restored after review.

Abdullahi said the crackdown reflects growing cooperation between Nigeria and global tech companies to curb scams, extremist propaganda, coordinated misinformation, and digital abuse. However, he cautioned that takedown systems must not be exploited by governments to silence critics or suppress minority voices, stressing the need for transparent, rights-based content moderation.

Speaking for the Minister of Information, Voice of Nigeria DG Jibrin Ndace warned that emerging technologies should strengthen—not inflame—public communication during crises, as narratives now powerfully shape national stability.

Centre for Crisis Communication Chairman Maj-Gen Chris Olukolade (rtd.) added that effective crisis communication is now a national security asset, noting that emergencies unfold at the speed of social media and require rapid, credible institutional responses.

The disclosures come amid growing concerns over cybercrime, impersonation networks targeting professionals, and the rising use of social platforms for propaganda, scams, and misinformation in Nigeria.

NITDA Alerts Nigerians To eSIM Security Flaw Exploited Globally

The National Information Technology Development Agency (NITDA) has warned of a critical vulnerability in embedded SIM (eSIM) technology that could allow attackers to hijack devices, intercept communications, and clone eSIM profiles.

The flaw, linked to outdated GSMA TS 48 test profiles, affects over 2 billion smartphones, tablets, wearables, and IoT devices worldwide.

NITDA urged device makers and service providers to apply Kigen OS patches via OTA updates, adopt the updated GSMA TS 48 version 7.0 standard, and remove legacy profiles to block exploitation.

The agency stressed that swift action is essential to avert large-scale cyberattacks and protect user data.

#CyberSecurity #NITDA #eSIM #NigeriaTech

The FG has confirmed the closure of 13,597,057 social media accounts over offensive content & violations of the Code of Practice 2024 across platforms including TikTok, Facebook, Instagram & X.

The disclosure was made in the Code of Practice 2024 Compliance Report, submitted by major tech companies such as Google, Microsoft & TikTok. The code, jointly issued by the Nigerian Communications Commission (NCC), the National Information Technology Development Agency (NITDA) & the National Broadcasting Commission (NBC) outlines measures to curb online harm.

According to the report, 58,909,112 offensive posts were taken down, while 754,629 complaints were registered by users. It also noted that 420,439 contents were removed but later re-uploaded following user appeals.

In a statement, NITDA’s Director of Corporate Communications, Hajiya Hadiza Umar commended the platforms for complying with the code, stressing that the initiative is aimed at ensuring a safer & more responsible digital environment for Nigerians.

Tax Reform Act takes effect, workers earning less than N800,000 annually, exempted from taxation.

President Bola Ahmed Tinubu, on Thursday June 26, signed the tax reform bills into law, exempting workers earning below N800,000 annually from taxation.

Fresh Angle International, can report that the Act, which changed the nomenclature of Federal Inland Revenue Service, FIRS, to Nigeria Revenue Service, NRS, gives the NRS mandate to collect revenues previously handled by agencies such as the Nigeria Customs Service, NUPRC, NPA, and NIMASA.

Key highlights of the tax reform Act, include:

25% personal income tax applies only to individuals earning above ?50 million annually.

Small businesses owners are exempted from paying income tax.

Company income tax for medium and large companies will be reduced from 30% to 25% starting in 2026.

Value Added Tax (VAT) exemptions on essential goods and services consumed by the poor, including food items, medical services, pharmaceuticals, educational fees, and electricity.


VAT remains at 7.5%, and corporate income tax stays at 30%. NO INCREMENT!

Introduction of a Development Levy ranging from 4% to 2%, allocated to support the NELFUND, TETFund, NITDA, and NASENI.