Tax Act introduces incentives to boost local manufacturing
Nigeria’s long-awaited tax reform could reshape how manufacturers operate, invest, and plan for growth, but its impact will depend largely on effective implementation, professional services firm Kreston Pedabo has said.
In its review of the Nigeria Tax Act 2025, the firm noted that the legislation reflects a shift toward a more coordinated, incentive-based fiscal framework, particularly for the manufacturing sector, which has long grappled with regulatory complexity, high production costs, and weak infrastructure.
The Act consolidates multiple tax laws into a single framework, a move expected to reduce uncertainty and ease compliance. However, Kreston Pedabo cautioned that poor administration or inconsistent enforcement could erode the intended benefits.
According to Kehinde Folor...




