NIGERIA, Dec. 10 -- Nigeria's company income tax stands at 30 percent, a rate that continues to spark concern among investors and policy watchers.

This figure is significantly higher than the global average statutory corporate tax rate of roughly 23.5 percent, creating a competitive disadvantage at a time when the country is actively seeking new inflows of foreign direct investment.

The Nigeria Tax Act 2025 mandates that companies remit 30 percent of their taxable profits as CIT, placing Nigeria among the highest corporate tax jurisdictions in Africa.



Stakeholders in the investment and business community argue that while tax revenue is crucial for national development, Nigeria's elevated CIT has become a recurring point of hesitatio...