Nigeria has taken a bold step toward modernizing its economic framework with the signing of four significant tax reform bills by President Bola Tinubu. Beyond just fiscal restructuring, this move signals a renewed commitment to building a more inclusive and growth-oriented economy particularly for Micro, Small, and Medium Enterprises (MSMEs), which remain the backbone of job creation in Nigeria. For too long, MSMEs have operated under the weight of multiple taxes, inconsistent levies, and burdensome regulatory processes that often discourage growth and formalization. With the new reforms—set to take effect from January 2026 the government is centralizing tax administration, simplifying the tax structure, and introducing clearer exemptions for small businesses. Companies earning ₦50 million or less annually are now exempt from several key taxes, while individuals earning below ₦800,000 monthly are also free from personal income tax obligations. This creates a friendlier operating e...