Nigeria, Oct. 28 -- The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has countered reports that foreign investors are frustrated and disappointed by Nigeria's new capital gains tax (CGT), describing the claims as misleading and inaccurate.

Mr Oyedele stated this on his X handle on Monday, alleging that the media misrepresented both the reform and his recent engagement with investors.

"Public debate is vital for reform. But debate must be anchored on facts, not misrepresentation," he wrote.

The clarification follows recent news that investors are dissatisfied with the Nigerian government's move to implement a 10 per cent tax on shares sold by investors as part of the new Tax Reform Acts coming to ...