Overview
On June 26, 2025, President Bola Ahmed Tinubu signed four tax bills into law, designed to simplify compliance, reduce the tax burden on individuals and small businesses, harmonize revenue administration, and improve Nigeria's tax-to-GDP ratio.
For small and medium-sized enterprises, these reforms create significant opportunities, but those opportunities are not automatic.
This Insight examines how the reforms apply to small and mid-sized companies, the exemptions, reliefs, and growth incentives available to each category, and practical guidance on how businesses can access these incentives while avoiding common compliance pitfalls.
