By Ikugbadi Oluwasegun
Nigeria and Hong Kong have signed a landmark agreement to eliminate double taxation and curb tax evasion between the two territories.
The deal was concluded at a virtual ceremony signed by Taiwo Oyedele, Finance Minister on behalf of Nigeria and by Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui.
The Minister described it as a major step in deepening economic ties between Nigeria and Hong Kong, saying it gives businesses and investors more certainty when operating across both jurisdictions.
He said the timing is significant, as Nigeria pushes to expand its footprint in global value chains and strengthen partnerships across Asia with Hong Kong positioned as a gateway for trade and investment.
The agreement is the latest addition to Nigeria’s growing network of tax treaties, part of the government’s overall investment drive to attract foreign capital and boost international tax cooperation.
