By Esther Ososanya
Nigeria and Rwanda have signed a landmark agreement to eliminate double taxation and prevent fiscal evasion on income taxes in a strategic move aimed at deepening economic ties and unlocking private sector-led investment across the continent.
The bilateral treaty was signed on the sidelines of the 32nd Afreximbank Annual Meetings in Abuja, with 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, presiding over the high-level ceremony.
Mr Edun described the agreement as a significant step following Nigeria’s recent enactment of four major tax reform bills. “This treaty ensures tax certainty, eliminates the risk of double taxation, and promotes cross-border investment. It aligns with our broader goals under AfCFTA to attract private capital and make Nigeria an investment hub,” he said.
Simplified Tax Administration and Greater Transparency
The agreement simplifies tax administration, enhances transparency, and strengthens both countries’ ability to prevent fiscal abuse. It is expected to bolster investor confidence, particularly in critical sectors such as technology, finance, agriculture, and logistics.
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Rwanda Backs Stronger Economic Integration
Mr Murangwa hailed the treaty as a model for regional economic integration, saying, “This agreement reflects the strong bond between Rwanda and Nigeria. It lays the groundwork for a unified, investor-friendly Africa and demonstrates our shared vision for prosperity.”
Both ministers praised the dedication of their technical teams, whose collaboration produced a framework designed to support trade, capital flows, and innovation across borders.
The treaty not only cements bilateral tax cooperation but also positions both countries as regional leaders in shaping a more resilient, transparent, and integrated African economy.
Esther Ososanya is an investigative journalist with Pinnacle Daily, reporting across health, business, environment, metro, Fct and crime. Known for her bold, empathetic storytelling, she uncovers hidden truths, challenges broken systems, and gives voice to overlooked Nigerians. Her work drives national conversations and demands accountability one powerful story at a time.