Individuals earning NGN800,000 or less per annum will now be exempt from tax on their income and gains, while higher income earners will be taxed at a higher rate up to 25%.
This means that most of us here and the masses in Nigeria will be paying 25% tax to the government soon, as long as you earn something good above 800k (Naira) per year!
Op your information is misleading and it would've been better is you post this in the local board for proper correction. The part you quoted is contradicting with your comment. The quote said the tax is for those who are earning above N800,000 (monthly) and not yearly as you statement l. And you are saying most of us here and the citizens of Nigeria are to pay the 25% tax. That is not true. World bank estimated rate on the average Nigeria is still stand and which says that the average Nigeria is not living a dollar a day so from where the person that is not living with a dollar can pay that 25% tax. You would have made some concrete research before posting this. You can still read Ambatman link to comprehend the information.