I say let me remind you, that as at 30th June 2026, the Nisāb for Zakāt is estimated at ₦15,359,500.00.
What does that mean?
Nisab is the minimum amount of wealth a Muslim must own continuously for one lunar (Hijri) year before Zakat becomes obligatory. In this case, based on the current value of 85 grams of gold and the prevailing exchange rate, anyone whose total Zakatable assets—such as cash, savings, gold, silver, business inventory, investments, and money owed to them (after deducting eligible debts)—equal or exceed ₦15,359,500 is required to pay Zakat. The amount of Zakat due is 2.5% (one-fortieth) of the qualifying wealth, not the entire ₦15.36 million. For example, if your net Zakatable wealth is exactly ₦15,359,500, your Zakat would be about ₦383,988 (2.5%), provided you have held that level of wealth for a full Hijri year.
Fear Allãh and give out your Zakāt.