Tax & Spend

Nigeria Seeks to Lure Foreign Investment With Tax Incentives

The Central Business District in Lagos.Photographer: Benson Ibeabuchi/Bloomberg
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Nigeria will boost incentives for foreign investors in an attempt to address a decline in capital coming into the country as part of the government’s plans to revive the economy.

The administration in Abuja will introduce measures to eliminate double taxation and allow speedy remittances of foreign money, Doris Uzoka-Anite, the minister of industry, trade and investment, said in an interview late Saturday in Riyadh.