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Nigerian Tax Act 2025, A Landmark Legislation: ESV Abiodun
Stephen Olufemi Oni, Ilorin
The Nigerian Tax Act 2025 has been described as a landmark legislation that promises to bring about significant changes aimed at boosting government revenue and promoting transparency in the real estate sector.
ESV Babatunde Folarin Abiodun, who stated this in a statement, said: “As stakeholders prepare to navigate the gains and pains of this new tax regime, it is essential to understand the implications and chart a path forward for the future of real estate in the country.
“One of the key gains of the Nigerian Tax Act 2025 is the increased transparency it mandates in property transactions. By requiring strict reporting and documentation for property sales, the Act aims to curb informal transactions and enhance investor confidence in the market.
“This move towards a more formal and transparent real estate sector is expected to create new revenue streams for the government, including Capital Gains Tax, Withholding Tax, and Value Added Tax on real estate services.”
In addition to promoting transparency, Abiodun noted, the Act would also pave way for digitalization in tax reporting and property data, adding that this shift towards digital platforms is set to reduce corruption and simplify the process of verifying ownership and transaction history.
He added: “Moreover, developers stand to benefit from tax incentives for affordable housing and urban renewal projects, encouraging them to take part in addressing the housing deficit in the country.
“However, amidst these gains, there are potential pains that stakeholders must be prepared to address. The new tax regime could lead to higher transaction costs, which may, in turn, drive up property prices. Property owners, developers, and agents will also face a compliance burden with new reporting obligations and tax requirements. Additionally, the increase in Capital Gains Tax rates for companies from 10% to 30% and the impact of Withholding Tax on rental income could pose challenges for individuals and landlords in the rental market.
“As the industry grapples with these challenges, effective implementation and stakeholder engagement will be critical to the success of the Nigerian Tax Act 2025. Collaboration between the government and industry players will be essential in navigating the complexities of this new tax regime and ensuring a smooth transition towards a more transparent and sustainable real estate sector in Nigeria.
“The Nigerian Tax Act 2025 represents a significant step towards transforming the real estate sector in the country. While there may be challenges along the way, the gains of increased transparency and digitalization offer a promising outlook for the future of real estate in Nigeria.
“With proactive engagement and collaboration, stakeholders can work together to capitalize on the opportunities presented by this groundbreaking legislation and pave the way for a more vibrant and resilient real estate industry in the years to come.”
End
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National Trail Mourns Pioneer Editor, Abdulazeez Suleiman
Inna Lillahi wa Inna Ilaihir-Raji’un.
The Chairman and Editor-in-Chief of , Hon. Inuwa Bwala, on behalf of the management and staff, has expressed deep sorrow over the death of veteran journalist and pioneer editor of the newspaper, Abdulazeez Suleiman.
Bwala also extended condolences to Suleiman’s family, associates and the Nigerian media industry, describing his passing as a monumental loss at a time his experience, courage and service to the nation were still greatly needed.
Suleiman reportedly died shortly before a scheduled surgery.
A pioneer editor of National Trail Newspaper, Abdulazeez Suleiman was regarded as a thoroughbred journalist with a remarkable talent for breaking exclusive stories and shaping public discourse through responsible journalism.
Throughout his distinguished career, he worked with notable media organisations, including National Trail Newspaper, Daily Trust, Summit and The Road. He earned widespread admiration for fearless reporting, ethical conduct and unwavering commitment to professionalism.
His writings and public interventions consistently reflected deep concern for justice, peace, accountability and national unity.
Beyond journalism, Suleiman was widely respected as a bridge-builder who strongly believed in dialogue, mutual understanding and peaceful coexistence among Nigeria’s diverse peoples. He remained steadfast in his conviction that truth and justice are essential pillars for national progress.
Though his voice has now gone silent, the values and ideals he stood for will continue to inspire generations. His legacy as a principled journalist, advocate and patriot will endure in the hearts of many whose lives he touched through his work and humanity.
The management and staff of National Trail Newspaper prayed Almighty Allah to forgive his shortcomings, grant him Aljannatul Firdaus and comfort his family, friends, colleagues and members of the in this moment of grief.
Rest in peace, Abdulazeez Suleiman. Your service and legacy will not be forgotten.
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JUST IN: After Primary Election Victory, Shehu Sani Visits Parents’ Graves to Offer Prayers and Express Gratitude to God
Following his victory in the party primary election, Senator Shehu Sani visited the graves of his parents to pray and give thanks to Almighty God.
The former senator described the visit as very important to him, noting that his parents played a significant role in his upbringing and in shaping his political life.
Shehu Sani prayed for Allah to forgive his parents and all deceased Muslims, while also reaffirming his commitment to continue serving the people with honesty and integrity after securing victory in the primaries.
The gesture has attracted attention from his supporters and social media users, many of whom praised his act of remembering his parents after a political success.
Uncategorized
National Trail Mourns Pioneer Editor, Abdulazeez Suleiman
Inna Lillahi wa Inna Ilaihir-Raji’un.
The Chairman and Editor-in-Chief of , Hon. Inuwa Bwala, on behalf of the management and staff, has expressed deep sorrow over the death of veteran journalist and pioneer editor of the newspaper, Abdulazeez Suleiman.
Bwala also extended condolences to Suleiman’s family, associates and the Nigerian media industry, describing his passing as a monumental loss at a time his experience, courage and service to the nation were still greatly needed.
Suleiman reportedly died shortly before a scheduled surgery.
A pioneer editor of National Trail Newspaper, Abdulazeez Suleiman was regarded as a thoroughbred journalist with a remarkable talent for breaking exclusive stories and shaping public discourse through responsible journalism.
Throughout his distinguished career, he worked with notable media organisations, including National Trail Newspaper, Daily Trust, Summit and The Road. He earned widespread admiration for fearless reporting, ethical conduct and unwavering commitment to professionalism.
His writings and public interventions consistently reflected deep concern for justice, peace, accountability and national unity.
Beyond journalism, Suleiman was widely respected as a bridge-builder who strongly believed in dialogue, mutual understanding and peaceful coexistence among Nigeria’s diverse peoples. He remained steadfast in his conviction that truth and justice are essential pillars for national progress.
Though his voice has now gone silent, the values and ideals he stood for will continue to inspire generations. His legacy as a principled journalist, advocate and patriot will endure in the hearts of many whose lives he touched through his work and humanity.
The management and staff of National Trail Newspaper prayed Almighty Allah to forgive his shortcomings, grant him Aljannatul Firdaus and comfort his family, friends, colleagues and members of the in this moment of grief.
Rest in peace, Abdulazeez Suleiman. Your service and legacy will not be forgotten.
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