The Federal Government of Nigeria has unveiled a new cryptocurrency taxation framework under the Nigerian Tax Administration Act (NTAA) 2025, set to come into full effect in 2026.
The law represents a major step toward formalizing the country’s rapidly growing crypto market, bringing digital assets into the official tax system. Under the framework, crypto transactions will be linked to taxpayers’ Tax Identification Numbers (TINs) and National Identification Numbers (NINs), ensuring transparency and accountability in the sector.
Authorities say the move is aimed at expanding the tax base, regulating crypto activities, and promoting compliance among investors, traders, and businesses operating in the digital currency space.
Industry experts have described the development as a significant milestone for Nigeria’s fintech ecosystem, noting that it could encourage institutional adoption of cryptocurrencies, while also generating revenue for government projects.
Crypto enthusiasts and businesses are now expected to align their operations with the new legal requirements, as failure to comply could attract penalties under the NTAA 2025.
The introduction of the framework positions Nigeria among African countries taking proactive steps to regulate and tax digital assets, reflecting a growing global trend of integrating cryptocurrency into formal economic systems.
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