Nigeria, Feb. 5 -- Workers in Nigeria are beginning to reap the benefits of the new tax laws, which came into effect in January, as a number of formal-sector workers received higher salaries for the month due to the lower income tax rate.

The Nigerian Tax Reforms Acts, signed into law on 26 June 2025, have been lauded as people-centric, growth-focused, and efficiency-driven, and among their goals is the protection of low-income earners, based on the understanding that a fair tax system should not punish poverty or burden the most vulnerable.

Taiwo Oyedele, the chair of the Presidential Fiscal Policy and Tax Reforms Committee, disclosed at the Nigerian Economic Summit in Abuja last October that about 98 per cent of Nigerian workers will ...