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Tax Act 2025: No 25% levy on building materials — FG replies Amaechi

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•The Federal Government of Nigeria has stated that the Tax Act 2025 does not contain a 25% levy on building materials.
•Rotimi Amaechi publicly claimed that the Tax Act 2025 introduced a 25% tax or levy on building materials, prompting an official rebuttal.
•Federal authorities have issued clarifications on the Tax Act 2025 regarding its treatment of housing and value-added tax.
•Hon. James Faleke has described ongoing probes into tax concessions and waivers in Nigeria as legitimate investigations rather than a witch-hunt.
•Nigerian officials and commentators are engaged in a public campaign to correct what they describe as wrong narratives about the Tax Act 2025.
•Major Nigerian media outlets such as Vanguard, Punch, and ThisDay are reporting on both the alleged 25% levy and the government’s formal denial.

Qué Podría Pasar Si...

▸If public misunderstanding about a supposed 25% levy on building materials persists despite government clarifications Construction firms and housing developers in Nigeria may delay investment decisions due to perceived tax uncertainty.

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Exposición de Mercado

AccionesNigerian listed construction and cement companiesMayor Volatilidad

If uncertainty over the Tax Act 2025’s impact on building materials persists, share prices of Nigerian construction and cement firms could experience heightened volatility as investors reassess tax-related costs.