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Nigeria’s Minister of Finance, Zainab Ahmed, has said that owners of yachts and private jets in the country will begin payment of luxury items from 2019.

The minister said “We are exploring ways to increase taxes as well as reduce taxes in some sectors. For Small and Medium Enterprises, government would reduce taxes. But there are some special taxes that we will be looking at imposing,” she said.

“For example, luxury taxes. If you have a private jet, we will be taxing you specially for that. If you have a yacht, we will be charging you for that and also in terms of excise duties, there are also some new areas where excise duties will be introduced.

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