Dr. Iguniwari Ekeu-wei

@taiwoyedele Regarding solar power equipment exemption, does that include, panels, inverters and batteries? Some organizations are confused whether the battery is included in the exemption. Your clarification would be used.

𝐅𝐈𝐅𝐓𝐘 (50) 𝐓𝐀𝐗 𝐄𝐗𝐄𝐌𝐏𝐓𝐈𝐎𝐍𝐒 𝐀𝐍𝐃 𝐑𝐄𝐋𝐈𝐄𝐅𝐒 𝐓𝐇𝐀𝐓 𝐖𝐈𝐋𝐋 𝐁𝐄𝐍𝐄𝐅𝐈𝐓 𝐓𝐇𝐄 𝐌𝐀𝐒𝐒𝐄𝐒 𝐔𝐍𝐃𝐄𝐑 𝐓𝐇𝐄 𝐍𝐄𝐖 𝐓𝐀𝐗 𝐑𝐄𝐅𝐎𝐑𝐌 𝐋𝐀𝐖𝐒 From 1 January 2026, the new tax laws will provide many reliefs and exemptions for low-income earners, average taxpayers, and small businesses including: 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐨𝐫 𝐏𝐀𝐘𝐄 1. Individuals earning the national minimum wage or less (exempt) 2. Annual gross income up to ₦1,200,000 (translating to about ₦800,000 taxable income) is exempt 3. Reduced PAYE tax for those earning annual gross income up to ₦20 million 4. Gifts (exempt) 𝐀𝐥𝐥𝐨𝐰𝐚𝐛𝐥𝐞 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬 & 𝐑𝐞𝐥𝐢𝐞𝐟𝐬 𝐟𝐨𝐫 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 5. Pension contribution to PFA 6. National Health Insurance Scheme 7. National Housing Fund contributions 8. Interest on loans for owner-occupied residential housing 9. Life insurance or annuity premiums 10. Rent relief - 20% of annual rent (up to ₦500,000) 𝐏𝐞𝐧𝐬𝐢𝐨𝐧𝐬 & 𝐆𝐫𝐚𝐭𝐮𝐢𝐭𝐢𝐞𝐬 - 𝐄𝐱𝐞𝐦𝐩𝐭 11. Pension funds and assets under the Pension Reform Act (PRA) are tax-exempt. 12. Pension, gratuity or any retirement benefits granted in line with the PRA 13. Compensation for loss of employment up to ₦50 million 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧𝐬 𝐓𝐚𝐱 (𝐂𝐆𝐓) - 𝐄𝐱𝐞𝐦𝐩𝐭 14. Sale of an owner-occupied house 15. Personal effects or chattels worth up to ₦5 million 16. Sale of up to two private vehicles per year 17. Gains on shares below ₦150 million per year or gains up to ₦10 million 18. Gains on shares above exemption threshold if the proceed is reinvested 19. Pension funds, charities, and religious institutions (non-commercial) 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 (𝐂𝐈𝐓) - 𝐄𝐱𝐞𝐦𝐩𝐭 20. Small companies (turnover not more than ₦100 million and total fixed assets not more than ₦250 million) pay 0% tax 21. Eligible (labelled) startups are exempt 22. Compensation relief - 50% additional deduction for salary increases, wage awards, or transport subsidies for low-income workers 23. Employment relief - 50% deduction for salaries of new employees hired and retained for at least three years 24. Tax holiday for the first 5-years for agricultural businesses (crop production, livestock, dairy etc) 25. Gains from investment in a labeled startup by venture capitalist, private equity fund, accelerators or incubators  𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐋𝐞𝐯𝐲 - 𝐄𝐱𝐞𝐦𝐩𝐭 26. Small companies are exempt from 4% development levy 𝐖𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐓𝐚𝐱 - 𝐄𝐱𝐞𝐦𝐩𝐭 27. Small companies, manufacturers and agric businesses are exempt from withholding tax deduction on their income 28. Small companies are exempt from deduction on their payments to suppliers 𝐕𝐚𝐥𝐮𝐞 𝐀𝐝𝐝𝐞𝐝 𝐓𝐚𝐱 (𝐕𝐀𝐓) - 0% 𝐨𝐫 𝐄𝐱𝐞𝐦𝐩𝐭 29. Basic food items - 0% VAT 30. Rent - Exempt 31. Education services and materials - 0% VAT 32. Health and medical services 33. Pharmaceutical products - 0% VAT 34. Small companies (≤ ₦100m turnover) are exempt from charging VAT 35. Diesel, petrol, and solar power equipment - VAT suspended or exempt 36. Refund of VAT on assets and overheads to produce VATable or 0% VAT goods and services 37. Agricultural inputs - fertilizers, seeds, seedlings, feeds, and live animals 38. Purchase, lease or hire of equipment for agric purposes  39. Disability aids - hearing aids, wheelchairs, braille materials 40. Transport - shared passenger road transport (non-charter) 41. Electric vehicles and parts - exempt 42. Humanitarian supplies - exempt 43. Baby products  44. Sanitary towels, pads or tampons 45. Land and building 𝐒𝐭𝐚𝐦𝐩 𝐃𝐮𝐭𝐢𝐞𝐬 - 𝐄𝐱𝐞𝐦𝐩𝐭 46. Electronic money transfers below ₦10,000 47. Salary payments 48. Intra-bank transfers 49. Transfers of government securities or shares 50. All documents for transfer of stocks and shares Share this good news with everyone you care about who needs to know.  𝐈𝐍𝐅𝐋𝐔𝐄𝐍𝐂𝐈𝐍𝐆 𝐅𝐎𝐑 𝐆𝐎𝐎𝐃 Nominate a content creator who’s been educating their audience about Nigeria’s new tax reform laws or someone you’d like to see do so. We’ll be selecting the top 20 creators with the most nominations for a special training to help them share accurate, balanced, and useful tax information with their followers. Misinformation spreads fast, often to the author’s benefit but to the audience’s loss. Accurate information may travel slower, but it empowers everyone, and earns lasting trust. Tag or mention your favourite influencer to nominate or fill the nomination form forms.gle/15kyv1ffx7tzTL…. Nomination closes on 9 November 2025. - 𝘗𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵𝘪𝘢𝘭 𝘍𝘪𝘴𝘤𝘢𝘭 𝘗𝘰𝘭𝘪𝘤𝘺 & 𝘛𝘢𝘹 𝘙𝘦𝘧𝘰𝘳𝘮𝘴 𝘊𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘦

World Bank Group’s Nepal Country Partnership Framework (CPF) for FY2025-2031 lays out a comprehensive plan to help #Nepal achieve its development goals with a focus on job-creating growth & enhancing resilience to natural disasters. Watch live here👇 facebook.com/share/v/15ivEa…

linktr.ee/day staring

@allenakinkunle Akinkunle my man.

Bóyá ke ni nice weekend 👋🏾

Honored to represent #India 🇮🇳 and @dronefed at the #SouthAsiaDroneForum2025 in Kathmandu — hosted by the Govt of Nepal & supported by @WorldBank. An energizing gathering of aviation authorities, @icao representatives, industry experts, academia & NGOs. #SADF2025 🧵👇 (1/n)

@NDRRMA_Nepal @BhishmaBhusal Congratulations and Welcome onboard Er. Dinesh Prasad Bhatta. Looking forward to working closely to support Nepal's disaster preparedness and risk reduction efforts.

Er. Dinesh Prasad Bhatta has assumed office as the new Chief Executive of #NDRRMA. He was welcomed by outgoing CE @BhishmaBhusal at the Authority. CE Bhatta emphasized his commitment to reducing loss of lives and property through disaster #preparedness and #riskreduction efforts.

An Earthquake of local magnitude (ML ) 7.0 occurred around Dinggye County Of China at 06:50 on 2081/09/23. NEMRC/DMG @NDRRMA_Nepal @moha_nepal @NepalOpmcm

@wuraoyewusi This woman. How fa? 😂

F'ẹ̀rù f'áfẹ́fẹ́, nírètí má fòyà 🎶

News: The Government of Nepal and the World Bank have signed a $150 million financing agreement for contingent financing to be used in the case of a natural or climate-induced hazard or health emergency in #Nepal. Read more here: worldbank.org/en/news/press-…

Furthermore, we engaged with the Punjab Disaster Manager Authority to share experiences and lessons on DRM and risk-informed decision making

We also took the opportunity to engage with the Secretary of Emergency Services, Dr. Rizwan Naseer to learn from the wealth of knowledge and experience of the Punjab Emergency Services (1122) around establishing an integrated emergency services model in Nepal.

It's been an insightful few days in Lahore, Pakistan, leading the Nepal delegation from the Ministry of Home Affairs, Nepal Army, Armed Police, and Police to observe the International Rescue Challenge and Participate in the Asia Pacific Earthquake Response Exercise.

It's a privilege to be part of the team supporting the government of Nepal's effort to strengthen regulatory and institutional mechanisms for improved DRM. This support comes at a time where Nepal is facing devastating impacts from recent floods and landslides.

News: The World Bank has approved $150 million in contingent financing for #Nepal to use in the event of a natural or climate-induced hazard or health emergency. Read more here: worldbank.org/en/news/press-…

Do you have a passion for international development? We are recruiting for The @WorldBank Group’s Young Professionals Program (#YPP), seeking young leaders to work with diverse teams from around the globe on life-changing projects. Applications accepted September 1-30.

I'll be writing more frequently on Medium about development, the environment, climate change, disruptive technology, career and personal development, drawing from my personal experiences and lessons from work in different countries.

I just published my first Medium post, discussing "How the Niger Delta Development Commission Can Adopt a Dynamic Governance Framework to Scale its Ambition in the Changing Regulatory Landscape of Local Government Autonomy in Nigeria." link.medium.com/E5C1cmWMVLb

Namaste! Ayubowan! Assalaamu alaikum! I am honored to take up my new role as the @WorldBank Country Director for #Maldives, #Nepal & #SriLanka from today, July 1, 2024, based out of the beautiful city of #Kathmandu. worldbank.org/en/news/press-…

We also help delegates navigate the Upper Arun Hydropower project site using VR, to better understand the complexity and need for DRM in such a fragile context.

Today we demonstrated to the IDA delegates how the Damage Assessment and Analytical collaboration between World Bank and the Asian Development provide insight into understanding the underlying causes of the disaster and the development of recovery options.

From #UR24 Himeji, Japan to #IDA21 Kathmandu, Nepal the message is clear, we need to build system resilient in infrastructure development to withstand and adapt multiple hazards in the Hindi Kush Himalaya Region and other vulnerable countries in DMCs.