Photo: From left, Christopher Hui, Secretary for Financial Services and the Treasury; Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy.
Nigeria and the Hong Kong Special Administrative Region of the People’s Republic of China have signed an agreement to eliminate double taxation and prevent tax evasions.
The move is aimed at strengthening trade and boosting investors confidence.
The agreement was signed virtually on Monday by Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, on behalf of Nigeria, and Christopher Hui, Secretary for Financial Services and the Treasury, on behalf of Hong Kong.
“It forms part of Nigeria’s broader strategy of expanding its network of tax treaties to support trade, attract investment, and strengthen international tax cooperation,” said Oyede.
He described Hong Kong as a leading international financial and commercial hub and expressed confidence that the treaty would encourage stronger private sector engagement and create new opportunities for mutually beneficial partnerships.
The minister commended the negotiating teams from both sides for producing what he described as a balanced and forward-looking agreement that aligns with international best practices while protecting the legitimate interests of both jurisdictions.
