What is your plan for informal businesses that are not registered?
I want to bring informal businesses into the formal economy by making it beneficial, not burdensome. I will provide tax amnesty or grace periods for informal businesses that register, and link tax compliance to access to government support, financing, and incentives. I will also make sure newly formalized businesses are not immediately overburdened with taxes and returns.
Where this comes from
p. 17 1.10. DIGITAL ECONOMY Party Manifesto 2027-2031 2026-10-05 ›
● Introduce tax reductions or credits for MSMEs based on the number of employees they hire and retain ● Provide temporary tax relief for startups and small businesses in their early years of operation ● Offer payroll tax incentives for businesses that expand their workforce
2. Encourage formalization without punishment. We will bring informal businesses into the formal economy by making it beneficial, not burdensome. ● Provide tax amnesty or grace periods for informal businesses that register ● Link tax compliance to access to government support, financing, and incentives ● Ensure that newly formalized businesses are not immediately overburdened with taxes and returns
The ADC will:
1. Build a globally competitive digital economy. We will move beyond infrastructure to fully unlock Nigeria's digital potential, positioning Nigeria as a leader in fintech innovation, and future technologies, while creating jobs and expanding opportunities for Nigerians.