\n\nThe Federal Executive Council (FEC) has approved Double Taxation Avoidance Agreements between Nigeria and three countries — Ghana, Tanzania and Switzerland — in a move aimed at strengthening cross-border investment and improving Nigeria’s business environment.
The approval was announced on Thursday, August 20, 2026, as the Federal Government continues efforts to make Nigeria more attractive to local and international investors.
The tax agreements are designed to prevent individuals and companies operating across the participating countries from being taxed twice on the same income. By establishing clearer rules on taxation, the agreements are expected to provide greater certainty for businesses involved in international trade and investment.
The Federal Government believes the agreements could help deepen Nigeria’s economic relationships with the three countries, encourage legitimate cross-border business activities and reduce some of the tax-related barriers faced by investors.
The development comes as the Tinubu administration continues to pursue economic reforms targeted at improving revenue generation, attracting investment and strengthening Nigeria’s position within the global economy.
The agreements with Ghana, Tanzania and Switzerland are expected to complement broader government efforts to create a more predictable investment climate and encourage stronger economic cooperation between Nigeria and its international partners.
