PurgatoryAfrica
Nigeria
10%effective individual rate
10% capital gains tax on crypto disposals. Nigeria has Africa's largest crypto market despite past regulatory friction. SEC now regulates digital assets.
FATCA Partner
No
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Capital Gains Tax10%
Income Tax on CryptoUp to 24%
Corporate Tax30%
VAT on Crypto7.5%
Activity Taxes
Staking
Taxed as income
Mining
Taxed as income
DeFi
Not specifically addressed
NFTs
Not specifically addressed
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Taxable
Holding Period
No holding period benefit
None
Regulation & Residency
Regulatory Body
SEC Nigeria; CBN
Residency Requirement
Various visa options
Reporting Requirements
Annual tax filing; SEC monitoring exchanges
Citizenship & Residency Path
Residency permit; citizenship by naturalization after 15 years
Notable Conditions
- →Largest crypto market in Africa
- →SEC approved crypto as securities
- →10% CGT introduced 2023
- →P2P trading very popular
Living & Lifestyle
Cost of Living
Low
Banking Access
Moderate
Quality of Life
Low-Moderate
Lifestyle Scores
Safety3/10
Healthcare3/10
Institutions4/10
Business Ease5/10
Int'l Schooling4/10
Privacy6/10