Proposed Tax Break Gives Lifeline To Nigeria’s SMEs, Says tappi Founder
- The Nigerian government has proposed exempting 95% of the informal sector from taxes.
- Industry players are optimistic about the potential impact of the tax reforms on small and medium-sized enterprises (SMEs).
- There are concerns about the sustainability of these policies in the long run.
The proposed tax reforms in Nigeria have the potential to significantly benefit SMEs and stimulate economic growth. However, it is crucial for the government to ensure the longevity of these reforms through legislative measures. With the right policies and support mechanisms in place, SMEs could emerge as a driving force for growth and prosperity in the country.
