RCCG Lagos Hosts 2026 Economic Summit on Tax Reforms and Investment Opportunities

Stakeholders converged in Lagos on Saturday for the 2026 Economic Summit organised by RCCG Lagos Province 35 to review Nigeria’s evolving tax framework and explore investment opportunities arising from recent fiscal reforms. The summit, themed “Economic Outlook 2026: Navigating Tax Reforms and Investment Opportunities,” took place at RCCG Christ Church, Gbagada, and featured discussions on tax management, entrepreneurship, AI, economic growth, productivity, and investment prospects.

Delivering the keynote address, Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, highlighted that ongoing tax and industrial reforms aim to strengthen investor confidence and promote private-sector-led growth. He noted the Federal Executive Council’s approval of a new Nigerian Industrial Policy in December as a milestone, alongside the digitisation of government services, improved regulatory coordination, and upgraded logistics infrastructure reshaping the business environment.

The summit also focused on the Tax Reform Act of 2025, which transformed the Federal Inland Revenue Service into the Nigerian Revenue Commission. The reforms introduced exemptions for SMEs, relief from corporate and value-added taxes, and expanded the scope of capital gains tax, with an emphasis on progressive taxation, compliance, and transparency.

Speakers, including economist Bismarck Rewane, stressed that fair and predictable taxation must be paired with efficient use of government resources. He projected a cautiously optimistic 2026 outlook with moderated inflation, easing monetary policy, fluctuating oil prices, and improved capital market performance. Other panelists, including Dr. Muda Yusuf and Elizabeth Olaghere (KPMG West Africa), highlighted the need for policy clarity, strategic incentives, and private sector engagement.

RCCG Lagos Province 35 reaffirmed its commitment to year-round economic development programmes, skill acquisition training, and business masterclasses to equip Nigerians to thrive in the evolving fiscal and economic landscape.