Nigerians In Diaspora To Enjoy Tax Holidays, Other Incentives- Taiwo Oyedele

October 17, 2025 Victor Oriola

The Chairman, Presidential Fiscal Policy and Tax Reforms Committee Mr Taiwo Oyedele says Nigerians in the Diaspora do not need to panic as the Federal Government’s Fiscal Policy and Tax Reforms are protective and investors’ friendly, as well as encourages trade surplus, balance of payment, unified foreign exchange rates and harmonisation of collective taxes and levies.

Oyedele in a statement signed by NiDCOM’s Gabriel Odu, highlighted this during a joint virtual meeting with Hon Abike Dabiri-Erewa, chairman/CEO, Nigerians in Diaspora Commission (NiDCOM) in Abuja, Nigeria , organised for Nigerians living abroad.

(R) Fourth from Right Mr Taiwo Oyedele, Chairman, Presidential Fiscal Policy and Tax Reforms, (L) Fourth from Left, Hon Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission, and NIDCOM’s Management, at a Joint Virtual Meeting on Tax Reforms in Abuja.

They stated that the Meeting is aimed at correcting the misinformation spreading across the media space on the impact of the Reforms as they affect the Nigerian Diaspora global community.

Dabiri-Erewa said that Diasporas as strategic and major contributors to National Development, should be dully and fully informed of the impact of the new Fiscal Policy and Tax Reform Laws, scheduled to commenced in January 2026.

Mr Oyedele emphasised that the Reforms are people-centric, growth-focused and efficiency-driven.

He added that there are exemption and reductions on WHT rates, Higher exemptions thresholds for small businesses, eliminate tax on investment and capital, incentive rationalisation, reduction of VAT burden and other structural and fiscal constraints.

Some grey areas and issues needing clarifications were addressed.

These include questions such as: will monies sent to Nigeria be taxed? What about Double taxation and tax treaties with other countries? Non-resident taxation? What about Income Taxes on Diasporas? What about impact on Small businesses? What about impact on Real Estate investment? Impact on retired Diasporas with property in Nigeria? Do we have tax filing obligations in Nigeria while abroad?

The Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Mr Oyedele took out time to address the issues raised and gave assurances of no such taxes are applicable adding that Nigeria remains the destination for investment and business.

Please, find attached the full link to the two hour event.