 has warned that the Nigeria Tax Act 2025 has not eliminated the problem of multiple taxation.){kind=link}
Tax Reform Fails to End Multiple Levies – MAN
The Manufacturers Association of Nigeria (MAN) has warned that the Nigeria Tax Act 2025 has not eliminated the problem of multiple taxation, with companies still facing visits from different tax authorities and regulators.
In its Q2 2026 Manufacturers’ CEOs Confidence Index (MCCI), MAN noted that multiple taxation remained a significant burden.
“While the government has enacted the Nigeria Tax Act 2025, manufacturers complained that they were still met with multiple tax collectors and regulators in Q2 2026,” the association stated.
The law was partly designed to reduce the tax burden on manufacturers, but MAN said its implementation had yet to achieve that goal.
“The implementation of the Nigeria Tax Act 2025 is yet to achieve its objective of relieving manufacturers of the burden of taxes and levies,” the report added.
Although multiple taxation ranked as the sixth-largest challenge in Q2, down from second place in Q1, it remains a pressing issue. Limited access to finance topped the list of challenges, followed by frequent power outages, inadequate foreign exchange, high interest rates, and low patronage.
Nigeria’s new tax regime, signed into law in June 2025, was intended to modernize the tax framework and improve compliance.
The reforms included the Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service Act, and Joint Revenue Board Act, all published in September 2025 and effective from January 2026.
Concerns about the reforms emerged even before implementation. Analysts warned that higher Capital Gains Tax, a new Development Levy, and uncertainty around Free Trade Zones could reduce profitability and discourage investment. Calls were also made for stronger public expenditure tracking and independent audits.
The Central Bank of Nigeria’s July 2026 Business Expectations Survey echoed MAN’s concerns, with 70.8% of respondents identifying high and multiple taxation as their most pressing business constraint.
The findings suggest that despite reforms, taxation-related issues continue to outweigh other business challenges, underscoring the need for more effective implementation.