You don hear wetin dey happen for Naija capital market? E be like say investors don begin dey run for cover as government wan reintroduce capital gains tax wey dem don shelve since long time. Na serious matter o!

For November 2025, trading floors wey suppose dey shine like stars dey dull like oyinbo wey no sabi dance. E get as e be, foreign investors wey dey funding Nigeria market don dey withdraw small-small as dem dey fear say the capital gains tax w go make dem lose more money. The tax go nail 30% on profit wey pass N150 million and na so wahala begin dey.

This tax matter na wah for investors wey dey consider wetin go happen when dem wan sell their shares. As market dey be now, e be like say dem don de calculate risk like person wey dey play betting. Na why said market dey waka slow slow. No wonder investment don decrease like bad road for Naija.

Some investors don dey vex because wetin dem go gain fit vanish for one government policy. Watin concern dem be say if dem make profit, na government wan turn am to tax. Na so dem dey rethink dem strategy to see whether Nigeria market still dey worth am.

With plenty competition from Ghana and other emerging markets, e no dey sweet for foreign investors because dem fit just shift to other places wey no go collect tax like that. For mouth of Ayokunle, wey be big man for Agusto & Co, dem don start to dey withdraw. ‘Na just tax wey dey make sense, wetin go come be return for their hard work na the question wey dey vex dem,’ he yarn.

Furthermore, as dem dey calculate profits, dem dey also dey check inflation wey dey follow body like shadow. If inflation na 18% and dem dey pay 30% for capital gains tax, na who go gain anything? Na serious matter as returns fit no make sense again.

But no be only local investors dey face wahala, foreign investors too dey catch cold. If dem dey pay tax for Nigeria and another tax for their country, wetin go remain? Na double wahala be that. Dem fit just decide say na dat better place wey no dey tax dem dey go use their money go settle.

Even the bond markets dey fear say liquidity go dry up. If big investors dey run, small investors go follow because if everybody dey sell shares at once, how dem go take buy? Market fit begin dey crash like 3-wheeled keke wey don chop plenty bad road.

Dey say na government dey try to raise money, but wetin dem no fit understand be say Naija people no dey trust say dem go handle their money well. If tax rise, people go just dey jyaga jyaga to other countries wey fit respect their pockets and still give dem returns.

For all the talk we go talk today, na balance we need: between taxing those wey fit pay and making sure the market fit grow. Nigeria supposed dey find way to fix wetin no dey work instead of adding more taxes.

As e be, we dey watch as Naija capital gains tax matter dey unfold, no be small drum we go beat as e fit decide whether investors go still believe say this market dey worth their time and money. E dey clear say, clarity and reassurance no dey, dey market dey wait for any sign wey fit bring better news.