As the Nigeria Tax Act (NTA) takes effect in January 2026, its exemption of VAT on agricultural equipment and zero-rating of key inputs such as seeds, fertilisers, animal feeds, and veterinary products is expected to reduce production costs and lower food prices. But the persistence of unofficial levies and market charges could erode much of this intended relief.
As the Nigeria Tax Act (NTA) takes effect in January 2026, its exemption of VAT on agricultural equipment and zero-rating of key inputs such as seeds, fertilisers, animal feeds, and veterinary products is expected to reduce production costs and lower food prices. But the persistence of unofficial levies and market charges could erode much of this intended relief.
