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[@Simon_Obasi](/creator/twitter/Simon_Obasi)
"I have noticed that XX% of the time when I discuss the CGT under the NTA2025 most person's focus on the N150m threshold. Some even question why I keep saying it is not good for long term investors. 1/"  
[X Link](https://x.com/Simon_Obasi/status/1978783309564989526) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-16T11:21Z 1517 followers, XXX engagements


"@NoldLawal @hanny365 @Big_Mck There is a blanket exemption for minimum wage earners. This means that if you are computing tax for a minimum wage earner you simply make it zero irrespective of the N800k base allowance. The reason everyone keeps referencing N800k is that it is the base allowance threshold"  
[X Link](https://x.com/Simon_Obasi/status/1978870752523764070) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-16T17:08Z 1518 followers, XX engagements


"@Babajiide Babs what volume do you mean Again this isn't about today. If you are looking at the N150m threshold then you are not looking at the full picture. There is a second condition which most people aren't getting What exactly does it take to have N10m of capital gains long term"  
[X Link](https://x.com/Simon_Obasi/status/1978775989254537575) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-16T10:52Z 1516 followers, XXX engagements


"@FinPlanKaluAja1 Understandably so. Housing here could be home and/or core real estate investments. An $800k house is significant to a $2m millionaire vs. $1.2m house is to a $5m millionaire Nice to see that the wealthy have more in 'liquids' & 'businesses' compared to other brackets God when"  
[X Link](https://x.com/Simon_Obasi/status/1979485816788332560) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-18T09:52Z 1516 followers, XX engagements


"@Babajiide What exactly happened to the XX% if indeed we want to encourage investing Other countries even ask their people to have tax-free investing pot/wrapper where any gains in that pot will never be taxed. How come the reform didn't take that 2/"  
[X Link](https://x.com/Simon_Obasi/status/1978786057735876965) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-16T11:32Z 1516 followers, XXX engagements


"I have realised that because the owners of this reform keep pushing the N150m threshold no one is talkong about the "and capital of not more than N10m" bit. I don't won't to agree that this is just about withholding information. 2/"  
[X Link](https://x.com/Simon_Obasi/status/1978783311024591011) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-16T11:21Z 1517 followers, XX engagements


"You see the new law says that you as a individual or coporate will be exempted from CGT if your sales proceed in a year on stocks is less than N150m and your capital gains is not more than N10m. These X must be met to claim exemption. 3/"  
[X Link](https://x.com/Simon_Obasi/status/1978783313683792214) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-16T11:21Z 1516 followers, XX engagements


"@bugoxyz @i_amdjlamp @wearegst Imagine you you telling me that I will heal Chai Anyways it's ok but please calm down read the laws or relax and learn"  
[X Link](https://x.com/Simon_Obasi/status/1979072359882523084) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-17T06:29Z 1518 followers, XX engagements


"@bugoxyz @i_amdjlamp @wearegst When you are pushing false narrative and laughing at corrections not sure what that is. I would have expected you to ask why FIRS' online calc doesnt reflect the position of the law. Chief there are things you don't know due to your training. I'd humble to learn from experts"  
[X Link](https://x.com/Simon_Obasi/status/1979072073151467897) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-17T06:28Z 1516 followers, XX engagements


"NTA 2025: "My dad is a sole trader. His sales is N30m and a makes profit of N5m. During the year he withdrew N2m from the business to complete our house. Can he remove it from the N5m profit for the purpose of tax computation" I got a variant if this question not long ago. 1/"  
[X Link](https://x.com/Simon_Obasi/status/1978505167172460680) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-15T16:56Z 1518 followers, XXX engagements


"@Ologo_rainbow23 @NoldLawal @hanny365 @Big_Mck Not exactly - there is a national minimum wage that is recognised by the Act. Whatever that amount is any income equal to or less than that is fully exempt from tax according to the act. The N800k threshold doesn't impact that. 1/"  
[X Link](https://x.com/Simon_Obasi/status/1978886237168492891) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-16T18:10Z 1516 followers, XX engagements


"@Babajiide Babs ooo again this isn't about me. In fact you have more skin in the game than I do. But think of this young boy/girl who is saving N100k/N200k a month and investing in NGX while his colleagues squander their pay. In 10-20 years that will be millions of capital gains. 1/"  
[X Link](https://x.com/Simon_Obasi/status/1978785589848658407) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-16T11:30Z 1516 followers, XXX engagements


"NTA 2025 Sec 20(4) appears not to be very forward looking. This says that for costs incurred in a currency other than NGN you MAY only claim the NGN equivalent at CBN rate. It is premised on the fact that biz people will always access FX at CBN rate. Is this always possible"  
[X Link](https://x.com/Simon_Obasi/status/1978600693150667106) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-15T23:15Z 1518 followers, XX engagements


"The simple answer is "No". The N2m he withdrew in this case for my accounting friends is called drawings. This is not a business cost. Rather it is a personal spend. In fact this reduces capital unless it will be repaid in which case it is a loan to your dad. 2/"  
[X Link](https://x.com/Simon_Obasi/status/1978505168636248530) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-15T16:56Z 1518 followers, XX engagements


"@kentuch005 @PNMbah Ik nwanne Enugu has been publishing accts including the first set of accts (2023) in this admin. X months is more than enough. Sec XX of the Fiscal Responsibility Act requires FG to have audited accts within X months. How much more a state More time gives room for doubt"  
[X Link](https://x.com/Simon_Obasi/status/1979106450375876824) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-17T08:45Z 1517 followers, XX engagements


"@Babajiide In South Africa for instance only XX% of the capital gains is taxable. Meaning if your effective tax rate is XX% you only pay X% on CGT. Didn't we see that too Again I have written about many good things in this NTA but can't shy from saying what doesn't make sense. 3/3"  
[X Link](https://x.com/Simon_Obasi/status/1978786537446818256) [@Simon_Obasi](/creator/x/Simon_Obasi) 2025-10-16T11:34Z 1516 followers, XXX engagements