At 30 percent, Nigeria’s company income tax (CIT) stands well above the global average statutory corporate tax rate of about 23.5 percent, raising fresh concerns about competitiveness at a time the country is aggressively pursuing foreign investment. Under the Nigeria Tax Act, 2025, companies pay 30 percent of their profits as CIT. But analysts say this headline rate, which is already one of the highest in Africa, has become a major sticking point for investors weighing Nigeria against rival markets. Read also:  At 30 percent, Nigeria’s company income tax (CIT) stands well above the global average statutory corporate tax rate of about 23.5 percent, raising fresh concerns about competitiveness at a time the country is aggressively pursuing foreign investment. Under the Nigeria Tax Act, 2025, companies pay 30 percent of their profits as CIT. But analysts say this headline rate, which is already one of the highest in Africa, has become a major sticking point for investors weighing Nigeria against rival markets. Read also: