Nigerian businesses continue to cite multiple taxation as their primary constraint, despite recent government reforms aimed at simplifying the tax system, according to a recent survey by the Central Bank of Nigeria (CBN). The survey, conducted by, highlights that high and overlapping tax burdens remain a significant barrier to growth and investment.
The findings reveal that businesses across various sectors report paying multiple taxes, including value-added tax (VAT), corporate income tax, and other levies, often without clear justification. This has led to increased operational costs and reduced profitability. The survey also noted that insecurity and high interest rates remain persistent challenges, but taxation is cited as the most pressing issue.
This situation reflects ongoing difficulties in implementing tax reforms effectively. While the CBN has introduced measures to streamline tax collection and reduce compliance burdens, businesses argue that these changes have not translated into tangible relief. The survey underscores the need for more transparent and consistent tax policies to support economic growth.
The issue of multiple taxation has been a long-standing concern in Nigeria. Despite past efforts to consolidate tax systems and reduce the number of levies, the problem persists. The current survey adds to growing calls for reform, with many businesses urging the government to prioritize tax simplification as a key step toward economic recovery.
