Integration of Tinubu’s Renewed Hope Agenda with National Development Plan will improve living standards – Ikpesu
Nigeria's economy has been severely impacted by the lingering insecurity in the country, with significant declines in agricultural production and trade disruptions. The new tax laws in Nigeria aim to simplify tax compliance, broaden the tax base, and increase revenue, with a projected GDP growth of 4.4 per cent in 2026 and 2027.
Nigeria's economy has been affected by insecurity, particularly in the North East and North West regions. The insurgency has disrupted agriculture, education, and critical infrastructure, leading to widespread poverty and unemployment. The new tax laws in Nigeria are expected to have a positive impact on the economy. The laws aim to simplify tax compliance and increase revenue. The government projects a GDP growth of 4.4 per cent in 2026 and 2027. The tax-to-GDP ratio is expected to increase from 9.5 per cent to 10.2 per cent in 2026 and 12.5 per cent in 2027.
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