The Federal Government of Nigeria has announced that the proposed Tax Reform Bill, once passed into law, will exempt real estate transactions from Value Added Tax (VAT) — a strategic move aimed at lowering the cost of housing and building materials. This reform seeks to reduce the financial burden on low-income earners while stimulating growth […]

The International Monetary Fund (IMF) has called on Nigeria to expand its tax revenue base to enhance its fiscal policies. IMF Managing Director, Kristalina Georgieva, made this statement in Washington, D.C., during the 2025 IMF Spring Meetings. She emphasized that Nigeria, like many other African nations, needs to leverage technology and combat tax evasion to