Nigeria's new tax framework targets informal sector to enhance transparency and eliminate coercive practices Small businesses earning N12 million or less exempt from presumptive tax under new regulations Government aims to broaden tax base, ensuring fairness and accountability in Nigeria's revenue system Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade. Nigeria’s federal government has introduced a sweeping tax framework targeting the country’s vast informal sector, including artisans such as electricians, welders, vulcanizers and other small-scale operators. The new regulations also outlaw the collection of taxes in cash and prohibit the mounting of roadblocks for tax enforcement, practices long associate...