NIGERIA AND RWANDA FORGE TAX PARTNERSHIP TO DRIVE PAN-AFRICAN ECONOMIC INTEGRATION

Nigeria and Rwanda have signs landmark double taxation agreement aimed at eliminating tax barriers, boosting investor confidence, and deepening economic ties.

Nigeria Rwanda Tax agreement Partnership Investment Eonomic ties.
Nigeria Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun and Rwanda Minister of Finance and Economic Planning Yusuf Murangwa.
Nigeria Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun and Rwanda Minister of Finance and Economic Planning Yusuf Murangwa.


In a bold move to strengthen regional economic integration and attract private sector investment, Nigeria and Rwanda have signed a landmark tax agreement aimed at eliminating double taxation and promoting fair fiscal practices. 

The deal, formalized during the 32nd Afreximbank Annual Meetings in Abuja, marks a significant step toward creating a unified African market under the African Continental Free Trade Area (AfCFTA).

The Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion concerning Taxes on Income was signed by Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and Rwanda’s Minister of Finance and Economic Planning, Mr. Yusuf Murangwa.

Minister Edun described the agreement as a vital instrument for unlocking private capital and stimulating sustainable growth. “This agreement is a critical tool for promoting cross-border investment, ensuring tax certainty, and eliminating the risk of being taxed twice on the same income,” he said. He also highlighted the alignment with Nigeria’s recent tax reforms and its goal of enabling seamless business operations across borders.

The agreement ensures that businesses and individuals operating in both countries are not taxed twice on the same income, thereby reducing barriers to trade and investment. It also enhances transparency, streamlines tax administration, and curbs fiscal abuse, key elements for fostering a business-friendly environment in line with global standards.

Rwanda’s Finance Minister, Yusuf Murangwa, emphasized that the partnership reflects a shared vision for Africa’s economic future. “This agreement is a testament to the strong partnership between Rwanda and Nigeria, and a critical step in creating a unified, investor-friendly Africa. We believe this will serve as a model for deeper regional integration and shared prosperity.”

The sectors expected to benefit most include technology, financial services, agriculture, and logistics industries that are pivotal to both countries’ economic transformation agendas.

Both ministers praised the work of their respective technical teams, whose collaborative efforts and strategic insight brought the agreement to fruition. Beyond taxation, the treaty is expected to catalyze broader partnerships in innovation, trade, and infrastructure development.

As Africa moves towards a more interconnected economic future, the Nigeria-Rwanda tax treaty stands as a beacon of progress, promoting fairness, attracting capital, and fostering inclusive prosperity across the continent.

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