Ajulo Olajide (AJ).

Digital Accountant, Tax Practitioner & Finance Consultant

[Ajulo Olajide (AJ). @AjuloAj]

@DeeOneAyekooto Will the Governor sign this?

[Ajulo Olajide (AJ). @AjuloAj]

@BEazebuy @BashirAhmaad You must be hallucinating. Jonathan did nothing. I say again, he did nothing.

[Ajulo Olajide (AJ). @AjuloAj]

@ZohoAfrica I subscribed to Zoho book Elite for two of my clients. One was using composite items and transfer order, the other just want to use the feature. Suddenly, composite items and transfer order are no longer on the left bar under items & inventory respectively. I need a response pls

[Ajulo Olajide (AJ). @AjuloAj]

@ZohoCares two of my clients use Zoho book Elite plan. We needed to use composite items, but that feature was completely removed, the transfer order feature too was removed. Is there an issue with that plan. One was already using the feature, but was removed last month.pls reply.

[Ajulo Olajide (AJ). @AjuloAj]

@BigYomiii I was in B but now in E, how? I don't know

[Ajulo Olajide (AJ). @AjuloAj]

@Ahmedumar___ @ADCVanguard_ Whoever wins online loses offline

[Ajulo Olajide (AJ). @AjuloAj]

@peng_writer 4

[Taiwo Oyedele @taiwoyedele]

𝐅𝐈𝐅𝐓𝐘 (50) 𝐓𝐀𝐗 𝐄𝐗𝐄𝐌𝐏𝐓𝐈𝐎𝐍𝐒 𝐀𝐍𝐃 𝐑𝐄𝐋𝐈𝐄𝐅𝐒 𝐓𝐇𝐀𝐓 𝐖𝐈𝐋𝐋 𝐁𝐄𝐍𝐄𝐅𝐈𝐓 𝐓𝐇𝐄 𝐌𝐀𝐒𝐒𝐄𝐒 𝐔𝐍𝐃𝐄𝐑 𝐓𝐇𝐄 𝐍𝐄𝐖 𝐓𝐀𝐗 𝐑𝐄𝐅𝐎𝐑𝐌 𝐋𝐀𝐖𝐒

From 1 January 2026, the new tax laws will provide many reliefs and exemptions for low-income earners, average taxpayers, and small businesses including:

𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐨𝐫 𝐏𝐀𝐘𝐄

1. Individuals earning the national minimum wage or less (exempt)
2. Annual gross income up to ₦1,200,000 (translating to about ₦800,000 taxable income) is exempt
3. Reduced PAYE tax for those earning annual gross income up to ₦20 million
4. Gifts (exempt)

𝐀𝐥𝐥𝐨𝐰𝐚𝐛𝐥𝐞 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬 & 𝐑𝐞𝐥𝐢𝐞𝐟𝐬 𝐟𝐨𝐫 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬

5. Pension contribution to PFA
6. National Health Insurance Scheme
7. National Housing Fund contributions
8. Interest on loans for owner-occupied residential housing
9. Life insurance or annuity premiums
10. Rent relief - 20% of annual rent (up to ₦500,000)

𝐏𝐞𝐧𝐬𝐢𝐨𝐧𝐬 & 𝐆𝐫𝐚𝐭𝐮𝐢𝐭𝐢𝐞𝐬 - 𝐄𝐱𝐞𝐦��𝐭

11. Pension funds and assets under the Pension Reform Act (PRA) are tax-exempt.
12. Pension, gratuity or any retirement benefits granted in line with the PRA
13. Compensation for loss of employment up to ₦50 million

𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧𝐬 𝐓𝐚𝐱 (𝐂𝐆𝐓) - 𝐄𝐱𝐞𝐦𝐩𝐭

14. Sale of an owner-occupied house
15. Personal effects or chattels worth up to ₦5 million
16. Sale of up to two private vehicles per year
17. Gains on shares below ₦150 million per year or gains up to ₦10 million
18. Gains on shares above exemption threshold if the proceed is reinvested
19. Pension funds, charities, and religious institutions (non-commercial)

𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 (𝐂𝐈𝐓) - 𝐄𝐱𝐞𝐦𝐩𝐭

20. Small companies (turnover not more than ₦100 million and total fixed assets not more than ₦250 million) pay 0% tax
21. Eligible (labelled) startups are exempt
22. Compensation relief - 50% additional deduction for salary increases, wage awards, or transport subsidies for low-income workers
23. Employment relief - 50% deduction for salaries of new employees hired and retained for at least three years
24. Tax holiday for the first 5-years for agricultural businesses (crop production, livestock, dairy etc)
25. Gains from investment in a labeled startup by venture capitalist, private equity fund, accelerators or incubators 

𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐋𝐞𝐯𝐲 - 𝐄𝐱𝐞𝐦𝐩𝐭

26. Small companies are exempt from 4% development levy

𝐖𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐓𝐚𝐱 - 𝐄𝐱𝐞𝐦𝐩𝐭

27. Small companies, manufacturers and agric businesses are exempt from withholding tax deduction on their income
28. Small companies are exempt from deduction on their payments to suppliers

𝐕𝐚𝐥𝐮𝐞 𝐀𝐝𝐝𝐞𝐝 𝐓𝐚𝐱 (𝐕𝐀𝐓) - 0% 𝐨𝐫 𝐄𝐱𝐞𝐦𝐩𝐭

29. Basic food items - 0% VAT
30. Rent - Exempt
31. Education services and materials - 0% VAT
32. Health and medical services
33. Pharmaceutical products - 0% VAT
34. Small companies (≤ ₦100m turnover) are exempt from charging VAT
35. Diesel, petrol, and solar power equipment - VAT suspended or exempt
36. Refund of VAT on assets and overheads to produce VATable or 0% VAT goods and services
37. Agricultural inputs - fertilizers, seeds, seedlings, feeds, and live animals
38. Purchase, lease or hire of equipment for agric purposes 
39. Disability aids - hearing aids, wheelchairs, braille materials
40. Transport - shared passenger road transport (non-charter)
41. Electric vehicles and parts - exempt
42. Humanitarian supplies - exempt
43. Baby products 
44. Sanitary towels, pads or tampons
45. Land and building

𝐒𝐭𝐚𝐦𝐩 𝐃𝐮𝐭𝐢𝐞𝐬 - 𝐄𝐱𝐞𝐦𝐩𝐭

46. Electronic money transfers below ₦10,000
47. Salary payments
48. Intra-bank transfers
49. Transfers of government securities or shares
50. All documents for transfer of stocks and shares

Share this good news with everyone you care about who needs to know. 

𝐈𝐍𝐅𝐋𝐔𝐄𝐍𝐂𝐈𝐍𝐆 𝐅𝐎𝐑 𝐆𝐎𝐎𝐃

Nominate a content creator who’s been educating their audience about Nigeria’s new tax reform laws or someone you’d like to see do so.

We’ll be selecting the top 20 creators with the most nominations for a special training to help them share accurate, balanced, and useful tax information with their followers.

Misinformation spreads fast, often to the author’s benefit but to the audience’s loss. Accurate information may travel slower, but it empowers everyone, and earns lasting trust.

Tag or mention your favourite influencer to nominate or fill the nomination form https://t.co/D9EeMyy0gL. Nomination closes on 9 November 2025.

- 𝘗𝘳𝘦𝘴𝘪𝘥𝘦𝘯𝘵𝘪𝘢𝘭 𝘍𝘪𝘴𝘤𝘢𝘭 𝘗𝘰𝘭𝘪𝘤𝘺 & 𝘛𝘢𝘹 𝘙𝘦𝘧𝘰𝘳𝘮𝘴 𝘊𝘰𝘮𝘮𝘪𝘵𝘵𝘦𝘦

[Ajulo Olajide (AJ). @AjuloAj]

@Tony4Real___ Olajide is 7 letters pelu Ogo Olorun

[Ajulo Olajide (AJ). @AjuloAj]

@ennyola0015 @EmmanuelNdiokw4 He worked for it

[Ajulo Olajide (AJ). @AjuloAj]

@osazenoo Akoko South East and Akoko Edo

[Anther Consulting Limited @AntherLimited]

Just like accountants close old ledgers, let go of old regrets. Reconcile your past and step into the future clean. 💼📊

#AntherConsulting #FreshStart #GrowthMindset #MondayMotivation

[Doctor Of The Future™ @g_diets_]

THE DIFFERENCE BETWEEN INTERMITTENT FASTING AND STARVATION

Achalugo: Obiageli, let me ask you… this your intermittent fasting people are shouting up and down, abeg, is it not just starvation with a fine name?

Obiageli: (laughs) Achalugo, you’ve joined them?
Fasting and starvation might look similar on the surface, but they are completely different things.

Achalugo: But how? If somebody doesn’t eat for hours, is it not the same thing? Hunger is hunger.

Obiageli: No. The difference is intention and effect. Starvation is when you don’t have food. It’s forceful, it’s painful, it stresses your organs, and your body goes into panic mode.

But intermittent fasting is intentional. You choose not to eat for a period. Food is available, but you’re resting your system. And instead of panic, your body switches into healing mode.

Achalugo: Healing mode? As in?

Obiageli: When you fast, your body burns stored fat for energy. It reduces insulin, balances blood sugar, repairs damaged cells, and clears waste. That’s why people who fast often look lighter, sharper, and even have better skin.

But starvation is the opposite. The body breaks down muscle instead of fat, weakens your immune system, and damages your health over time.

Achalugo: So fasting is like repairing, but starvation is like destroying?

Obiageli: Exactly. Fasting is controlled. Starvation is crisis.

Achalugo: But Obiageli, anytime I try to fast, my stomach will start making noise. People in the office even laugh at me. Doesn’t that mean my body is suffering?

Obiageli: (smiles) No. That sound is called the migrating motor complex. It’s like your intestines sweeping out leftover food particles. It happens only when you give your gut a break. So that noise is actually a sign that your body is cleaning itself.

Achalugo: Ahh, I thought it was my destiny crying for rice.

Obiageli: (laughs) No o! Your body is smarter than you think.

Achalugo: But won’t fasting give me ulcer?

Obiageli: That’s another common myth. Ulcer is not caused by fasting — it’s caused by H. pylori infection, or sometimes too much NSAID drugs.

In fact, fasting often gives the stomach lining time to heal, because you’re not constantly pouring pepper, seed oil, and alcohol on it.

Achalugo: Hmm. So if I fast, I’m actually helping my stomach rest.

Obiageli: Exactly. And another thing: starvation slows your metabolism. Your body holds on to fat because it thinks food may never come. But intermittent fasting improves metabolism. Your body becomes more efficient at using energy.

Achalugo: So the body knows the difference?

Obiageli: The body always knows. With fasting, the body says, “Okay, she’s resting us, let’s repair.” With starvation, the body says, “We’re in danger, shut everything down.”

Achalugo: Wow. So intermittent fasting is like putting your phone on power-saving mode to refresh it. But starvation is like throwing the charger away completely.

Obiageli: That’s the perfect example.

Achalugo: Obiageli, I swear I’ve been mocking people for nothing. From today, I won’t call fasting starvation again.

Obiageli: Good. And when people argue with you, explain it to them the way I just explained it to you. Knowledge saves lives.

Don't forget to reach out for a diet plan. Share and tag your friends.

[Ajulo Olajide (AJ). @AjuloAj]

@cacnigeria1 The inability to include specific nature of business in business name other than selection is a serious one. Also, the payment of stamp duty is challenging

[Ajulo Olajide (AJ). @AjuloAj]

@cacnigeria1 I tried the improved platform. Name search was almost immediately. Upon commencement of registration proper, there was no room for specific nature of business where one can express what he/she is into unlike before. The idea of having to choose isn't too ok. Kindly revisit this

[Ajulo Olajide (AJ). @AjuloAj]

@AjuriNgelale Contact

[Ajulo Olajide (AJ). @AjuloAj]

@QBCares The debit card was used successfully for other online e transactions

[Ajulo Olajide (AJ). @AjuloAj]

@QuickBooks I'm finding it difficult subscribing to QBO Plus using Master card for a client. Kindly assist in this regard.

[Ajulo Olajide (AJ). @AjuloAj]

@QBCares Having used 2 different debit card, it's requesting we contact the issuer of the cards

[RAVI KUMAR SAHU @RAVIKUMARSAHU78]

Remote jobs for introverts (no talking required)!!!

Work in the evening from home after your 9-5 job, and get paid in USD.

OPEN THIS ↓