adsNigeria’s newly enacted tax reforms are beginning to reshape calculations around agribusiness investment, with analysts saying agriculture-heavy states such as Benue, Kaduna, Nasarawa, and Niger could become more attractive destinations for private capital if implementation delivers on paper promises.
From tax credits on capital expenditures to VAT exemptions on agricultural inputs and multi-year income tax relief for qualifying agricultural businesses, the reforms could reduce operating costs across the value chain, potentially influencing where investors choose to site processing plants, warehouses, and farm expansion projects.
Olaniyan Omotoyosi, a tax administrator, said the reforms create stronger incentives for capital deployment into agribusiness.
“Tax incentives like the Economic Development Tax Incentive and capital gains tax relief make agriculture more attractive to private investors,” Omotoyosi said.
“This can fund better seeds, irrigation, processing plants, and logistics critical investments for modernising the sector.”adsads
