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Vol 66 No 10

Published 16th May 2025


Nigeria

Tinubu’s tax revolution tightens his grip

These radical reforms will generate more revenue and help the president’s business allies but may weaken several state governors

With the passing of four tax bills this month – described as the most radical revenue reforms in Nigeria’s history – President Bola Ahmed Tinubu has won some much-needed economic credibility while weakening his political rivals. Until last year, Nigeria’s tax-to-GDP ratio was 10.8%, one of the lowest in the world. The average in Africa is 16.5%.

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