Nigeria
10% capital gains tax on crypto disposals. Nigeria has Africa's largest crypto market despite past regulatory friction. SEC now regulates digital assets.
FATCA Partner
No
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
CARF Status
Committed
Bitizenship
Not yet
CARF Reporting
Committed
Nigeria has committed to implementing CARF but has not yet specified an exact timeline. When active, crypto service providers will be required to report user transactions to tax authorities.
Tax Rates
Activity Taxes
Staking
Taxed as income
Mining
Taxed as income
DeFi
Not specifically addressed
NFTs
Not specifically addressed
Taxable Events
Crypto → Fiat
Taxable
Crypto → Crypto
Taxable
Holding Period
No holding period benefit
None
Regulation & Residency
Regulatory Body
SEC Nigeria; CBN
Residency Requirement
Various visa options
Reporting Requirements
Annual tax filing; SEC monitoring exchanges
Citizenship & Residency Path
Residency permit; citizenship by naturalization after 15 years
Resilience & Plan B
Jurisdictional Resilience
How well-equipped this jurisdiction is for a crypto holder who wants stability, access, and protection.
JRS
Institutions (25%), banking (20%), tax clarity (20%), business (15%), privacy (10%), geopolitical (10%). Full methodology →
Plan B Readiness
How fast you can go from “I want to move” to “I’m a tax resident with banking and optionality.”
PBR
Business ease (25%), citizenship path (20%), dual nationality, quality of life & safety (15% each), Bitizenship (10%). Full methodology →
Notable Conditions
- →Largest crypto market in Africa
- →SEC approved crypto as securities
- →10% CGT introduced 2023
- →P2P trading very popular
Living & Lifestyle
Cost of Living
Low
Banking Access
Moderate
Quality of Life
Low-Moderate
Lifestyle Scores