Across Nigeria today, from the quiet hum of church meetings to the noisy chatter of beer parlours, one topic dominates informal conversations: taxes. Since President Bola Tinubu signed the new Tax Reform Act into law on 26th June 2025, anticipation and anxiety have mingled in equal measure. For many citizens and business owners, the term “tax net” feels less like a fiscal concept and more like a looming trap.

The government aims to broaden the base, simplify compliance, and

Across Nigeria today, from the quiet hum of church meetings to the noisy chatter of beer parlours, one topic dominates informal conversations: taxes. Since President Bola Tinubu signed the new Tax Reform Act into law on 26th June 2025, anticipation and anxiety have mingled in equal measure. For many citizens and business owners, the term “tax net” feels less like a fiscal concept and more like a looming trap.

The government aims to broaden the base, simplify compliance, and