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Federal revenue agencies face shake-up as Tinubu signs tax bills
President Bola Tinubu on Thursday signed into law four tax reform bills, declaring that it signals Nigeria’s readiness for modern economic growth and international investment.
Following Tinubu’s assent to four tax reform bills, key revenue-generating agencies, including the Nigeria Customs Service, Nigerian Upstream Petroleum Regulatory Commission, and several federal ministries and agencies, may lose their tax collection mandates.
The development, which establishes the Nigeria Revenue Service as the sole body responsible for collecting federally chargeable taxes, is expected to trigger major restructuring across the federal revenue architecture.
“We have opened the door for new economic and business opportunities. We are showing that Nigeria is truly ready and open for business. Easy in, easy out,” said Tinubu at the signing ceremony held at the State House in Abuja.
The President acknowledged the complexities involved in tax reforms but praised stakeholders for demonstrating leadership and courage through the process.
Commending the collaborative effort behind the legislative process, he added, “What you have provided is leadership and courage in the face of mounting dispute. Nowhere in the world will tax reforms be any easier.”
According to him, the signing marks a turning point in the nation’s fiscal direction: “We are in transit. We have changed the rule. We have changed some of the misgivings. The question of our tax-to-GDP and all other formulas will be obsolete,” he said.
Thursday’s signing comes nearly two years after President Tinubu, on July 7, 2023, approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms.
He appointed Mr Taiwo Oyedele, a Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers, as committee chairman. It came hours after he signed four Executive Orders, suspending the five per cent excise tax on telecommunication services and the excise duty escalation on locally manufactured vehicles.
The committee, inaugurated on August 8, 2023, comprised experts from both the private and public sectors. It was mandated to retrofit various aspects of tax law reform, fiscal policy design and coordination, harmonisation of taxes, and revenue administration.
On October 24, 2023, Oyedele presented a 30-day quick-wins report to President Tinubu, recommending the merger of over 200 taxes paid by Nigerian businesses into 10. In the months that followed, the committee undertook extensive engagements with stakeholders, culminating in the tax bills presented to the National Assembly in late 2024.
However, the bills faced resistance at the National Assembly and among some state governors, who rejected their passage. The Comptroller-General of the Nigeria Customs Service, Bashir Adeniyi, earlier said that the proposed tax reform bills are in jurisdictional conflict with the NCS and threaten the agency’s existence.
At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed. They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.
After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax. By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.
The four bills include the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”
Tinubu added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency. Tinubu emphasised that the signing marks the beginning of Nigeria’s tax evolution.
Meanwhile, the Executive Chairman of the National Revenue Service (formerly the Federal Inland Revenue Service), Zacch Adedeji, has announced that the newly signed tax reform bills will take effect on January 1, 2026.
Adedeji, who briefed State House correspondents after Tinubu signed the four tax bills into law, said this would give the administration six months for planning, education, and alignment with the fiscal calendar.
He explained, “Based on best practices globally, because when you have this kind of change, it takes time for all the stakeholders, participant operators, and even the regulator to change the system. So with the magnanimity of the National Assembly, Mr. President, the effective date will be January 1, 2026, by the special grace of Almighty God.”
Adedeji stressed the importance of launching the reforms at the start of a new calendar year, saying, “When you have this kind of change, it’s not what you do mid-year. Because if the application of the law is better, you start from the beginning of the year.
“So effective dates, by God’s grace, will be first of January 2026,” he added. This timeline, the revenue chief explained, allows for adequate sensitisation, planning, and harmonisation with government budgeting frameworks.
For his part, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, described the newly signed tax laws as “pro-poor,” saying they will ease the burden on low-income earners, small business owners, and everyday Nigerians.
He said, “More than 1/3 of workers in both the private and public sectors will now be exempted completely from PAYE. They will not have to pay personal income tax. Small businesses, over 90 per cent of small and micro, nano businesses, we no longer have to worry about paying corporate income tax or charging VAT or even deducting withholding tax or paying PAYE for their employees.”
Oyedele added that the reforms will leave “more money in the hands of the ordinary Nigerian to take care of their daily needs,” and announced a new zero‑rate VAT framework on essential items.
“Any traces of VAT in food, in education, in medical and health care are now removed completely, so we should see prices of those items come down,” Oyedele explained.
He also emphasised relief for sectors where households spend most, clarifying that “transportation, accommodation and housing is exempt from VAT… collectively account for more than 80 per cent of where Nigerians spend their money. That’s a huge relief for them.”
Appearing as a guest on Channels Television Politics Today programme on Thursday, Oyedele explained that the current system of revenue was opaque, noting that the new system, operated by the Nigerian Revenue Service will require the government to be more transparent and transparent.
“The current system is opaque. And usually, if you’re hiding stuff from me, I need to be suspicious of you. It’s hard to trust you if you’re not open and transparent. That’s exactly what we have today in Nigeria. So, these new laws require that government should be more transparent. There are requirements around the standard of reporting, the timeliness of those reporting, and making them accessible to the public, by the agencies like the Nigerian Revenue Service.
“(We’re changing) from FIRS to NRS, Nigerian Revenue Service. And that Nigerian Revenue Service will then work in collaboration with subnationals,” he said. The chairman explained that the NRS will operate a digitised system that will collect data like National Identity Numbers, phone numbers, and bank information, to prevent tax evasion by high-income individuals.
Oyedele emphasised that the new tax reform bills were designed with three principal objectives in mind, including ensuring that they were people-centric, efficiency-driven, and growth-focused.
Highlighting where revenue would come from, Oyedele said, “Two places where money would come from are tax evasion. We estimate that the tax gap, which is how much we are collecting and how much we could be collecting, is in the region of 70 per cent, so we are only collecting 30 per cent. We want to close that gap. Imagine if we just close it by another 30 per cent, that is double what we collect now.
“Number two is that we have lots of wasteful incentives. They are not just wasteful, they are also distortionary, so we lose money and create problems for the economy. So, we fixed that as well, so that’s money coming to the government without raising the tax on the people. Then there is the one to do with just ensuring that government resources are more effectively utilised. These areas combined will be where we will initially make money from.
“Ultimately, the money will come from the economy growing. If we get 10 per cent of $200bn, it is more than 100 per cent of one billion. That is where the money is coming from. It is not about going to the person who is trying to survive and asking them to give; they have nothing more to give.”
The Chairman of the Senate Committee on Finance, Senator Sani Musa, stated that the newly signed tax reform laws reflect the true aspirations of Nigerians and are the product of broad consultations, especially with stakeholders who initially opposed the reforms.
Addressing journalists at the signing, Musa acknowledged the initial public backlash—particularly from the northern—but said the National Assembly approached the task with balance and diligence.
He added, “With the consultations and the painstaking nature of the legislative processes that we’ve taken, I believe we are bringing out, we brought out bills that seek the aspirations of Nigerians.
“And what are those aspirations, just as has been highlighted by the Chairman of the Presidential Task Force, we consider the less privileged in terms of earnings, and see that we don’t add burdens on them.”
The senator noted that one of the significant breakthroughs of the legislative process was the harmonisation of Nigeria’s fragmented and duplicative tax system.
He said the review also extended to vital sectors such as oil and gas and the Export Processing Zones, ensuring the laws supported industrial growth and competitiveness.
Chairman of the House Committee on Finance, Hon. James Faleke, described the passage of the bills as a once “mission impossible” task made successful through national cooperation.
Faleke commended the efforts of lawmakers, governors, and the Nigerian public for what he called a united effort to overhaul the country’s tax regime. He emphasised that the reforms do not introduce new tax burdens but rather expand the efficiency of collection and plug leakages.
The Nigeria Employers’ Consultative Association on Thursday lauded President Bola Tinubu’s assent to four major tax reform bills, describing it as a significant step towards ending over 10 years of crippling multiple taxation on businesses in Nigeria.
Speaking on the sidelines of the 4th Employers Summit in Abuja, NECA’s Director-General, Adewale-Smatt Oyerinde, said the legislation, which harmonises taxes, levies and fees across all levels of government, was a long-awaited relief for the Organised Private Sector.
“Our immediate reaction is ‘uhuru’, we thank God because we have canvassed this for a long time,” Smatt-Oyerinde told journalists. “The challenges of multiplicity of taxes, levies and fees have been a major issue for the Organised Private Sector for over 10 years.”
The NECA boss noted that while the assent marks a major milestone, the true test lies in effective implementation. “The main work is implementation, and it will come with its own challenges that we are not all aware of right now,” he said. “But we’re happy that he has signed it. The reality for organised businesses in the context of harmonised taxes, levies and fees has begun.”
Smatt-Oyerinde stressed that the issue was not only about tax rates but also the chaotic and inefficient method of collection that had long discouraged business growth.
“The efficiency of tax collection has been a recurring concern for every rational stakeholder. That was why we supported the establishment of the Presidential Committee on Fiscal Policy and Tax Reforms, which did a very humane and consultative job with the bill,” he explained.
He added that the bills are interconnected and were designed to stimulate growth across all levels of the economy, from micro, small and medium enterprises to large corporations.
“You don’t grow from the top. You grow by promoting businesses. Some parts of the reform affect MSMEs, others SMEs, big businesses, and individuals. It’s a chain reaction that we believe will catalyse the entire economy,” he added.
NECA President, Dr Ifeanyi Okoye, in his remarks, echoed similar sentiments, stressing that the reforms must not end with legislation but must lead to practical improvements for Nigerian businesses.
“For over six years, NECA has remained committed to promoting a stable, predictable, and enabling policy environment where all businesses, regardless of sector or size, can thrive,” Okoye said.
He challenged the federal government to show commitment to implementing actionable outcomes from the summit, warning against treating the platform as “another talk shop.”
“This must be a catalyst for the policy coherence and reform implementation that businesses, and indeed, the country urgently need,” he said.
Smatt-Oyerinde further disclosed that NECA had worked closely with the Presidential Committee throughout the drafting of the tax bills and would remain actively engaged with the Federal Inland Revenue Service, the lead agency for implementation.
“We are ready to deepen our collaboration with FIRS to ensure that these reforms work in practice, not just on paper,” he said.
Following the signing of four major tax reform bills by President Bola Tinubu on Thursday, the Special Adviser to the President on Energy, Olu Verheijen, has revealed that the new laws have codified four key executive orders aimed at stimulating investment in Nigeria’s oil, gas, and clean energy sectors.
She said the act has already helped unlock over $6 billion in fresh investments into Nigeria’s oil and gas industry.
Reacting in a post on her official X (formerly Twitter) handle shortly after the presidential announcement, Verheijen described the signing as a “historic moment” and a clear demonstration of the administration’s commitment to driving energy sector reforms through long-term policy clarity.
She explained that the act enshrines into law Presidential Directive 40 and three other key executive instruments. Among the codified executive orders are: Presidential Directive 40: A framework for fiscal incentives targeting upstream, midstream gas, and deep offshore oil projects.
“The 2024 VAT Modification Order: This grants value-added tax exemptions for Compressed Natural Gas, Liquefied Petroleum Gas, and other clean energy products.
“The 2025 Upstream Petroleum Cost Efficiency Order: Designed to reduce operational overheads in the upstream oil sector. Other incentive orders focused on energy transition and infrastructure localisation.
“These reforms have already helped unlock over $6bn in new Oil & Gas investments. With their codification, the administration has delivered long-term certainty and regulatory clarity, ensuring these critical incentives are protected from future policy reversals,” Verheijen stated.
She praised the development as a strategic win for the public and private sectors, stressing that the energy industry now has a legal framework that assures investors of continuity regardless of future political changes.
President Bola Ahmed Tinubu has approved the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties, ending the operations of a body that has overseen the privatisation, sale and lease of federal assets for more than two decades.
The decision was announced in a statement issued on Thursday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
According to the statement, President Tinubu directed that all matters relating to the committee’s activities will henceforth be handled by the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi.
The PIC was established in 2000 under the administration of former President Olusegun Obasanjo to supervise the disposal of Federal Government landed assets under the monetisation policy.
The committee was chaired by the then Minister of Housing and comprised representatives of the Ministries of Transportation, Justice, Health and Agriculture, as well as the Nigeria Police Force. Professor P.T. Ahire served as its pioneer secretary, while members were drawn from both the public and private sectors.
The statement recalled that the Federal Executive Council approved the establishment of a Panel of Inquiry on March 22, 2001, to produce a White Paper guiding the implementation of the committee’s recommendations. The panel worked for 21 months before submitting its report.
Explaining the decision, Onanuga said the Federal Government concluded that the committee had outlived its usefulness, as its activities had extended beyond its original mandate and resulted in multiple litigations across the country.
“After careful consideration, the Government has noted that the activities of the PIC had extended beyond its original mandate, resulting in multiple litigations across the country, and the continued existence of the Committee is no longer justified,” he said.
President Tinubu also directed that, with effect from November 5, 2025, all outstanding matters previously handled by the committee be coordinated by the Attorney-General of the Federation.
In addition, the former Secretary of the committee, B. S. Dutsin-Ma, was directed to immediately cease acting on behalf of the dissolved committee and the Federal Government on related matters.
The Presidency said the move is aimed at streamlining the management of issues relating to the alienation of Federal Government properties under the supervision of the Office of the Attorney-General of the Federation.
By Chinedu Sabastine
The Nigeria Premier Football League (NPFL) and Afrinvest have urged Nigerian clubs to embrace digital transformation, saying strong online presence, quality data and commercial partnerships are key to financial sustainability.
Speaking at a seminar for media and marketing officers of NPFL clubs in Enugu, NPFL Chief Operating Officer, Davidson Owunmi, challenged clubs to improve their digital platforms or risk missing sponsorship opportunities.
To underscore the importance of data, Owunmi offered a ₦100,000 reward to any club with a functional website containing comprehensive statistics from the just-concluded season, including player profiles, goals, match records and attendance figures.
He lamented that many clubs either lack functional websites or operate platforms with little useful content, stressing that data and digital engagement have become major revenue drivers in modern football.
“Our Gen Z audience lives online. If clubs are absent from the digital space, they cannot reach young fans, attract sponsors or benefit from e-commerce opportunities,” he said.
According to Owunmi, potential sponsors now demand audience and performance data before committing funds, but many clubs are unable to provide credible figures due to poor data generation.
He urged clubs to reduce dependence on government funding by strengthening their media and marketing departments, citing Rangers International’s ₦200 million sleeve sponsorship deal and other commercial partnerships as examples of what effective branding can achieve.
Owunmi also disclosed that from next season, the NPFL will introduce measurable digital benchmarks for clubs, including website functionality, quality content and social media engagement.
Afrinvest Manager, Emmanuel Eleojo, said the company’s partnership with Rangers International and the NPFL is anchored on its “Finance Meets Football” initiative, which promotes corporate investment in football.
He said Afrinvest’s support for Rangers since 2023 has boosted youth development, led to the establishment of the club’s academy and contributed to two league titles in three seasons, while producing players for the national team.
“When finance meets football, we see growth. We see progress. We see trophies won,” Eleojo said.
One of the lead paper presenters at the seminar, Mr George Isitua-Onukwu, who spoke on ‘Monetising NPFL Clubs Through Marketing, Sponsorship and Brand Investment’, harped on the need for the clubs to adopt a clear and timed approach to branding and marketing.
According to him, NPFL sponsors report hesitation because clubs cannot yet guarantee the consistent visibility and production quality brands ask for.
“Clubs without a structured calendar for renewals, activation briefs, and reporting are, by definition, always reacting,” he further stated.
The seminar brought together media and marketing officers from the 20 NPFL clubs to strengthen capacity in digital marketing, branding, content creation and data management aimed at improving the league’s commercial appeal.
A socio-political organization, Forum of Abia Democrats (FABD), has lauded the sterling leadership qualities of Dr Prince Michael Chiemezuo Agrippa.
Dr Prince Michael Chiemezuo Agrippa is the Nigeria Democratic Congress State House of Assembly candidate for Isiala Ngwa South Constituency of Abia State
Forum of Abia Democrats (FABD), whose membership is drawn from the seventeen (17) local government areas of Abia State in a statement on Thursday, hailed
Dr Prince Michael Chiemezuo Agrippa’s resilience and commitment to nation-building and development.
The statement by the forum was signed by the Chairman, Surveyor Samuel Azubuike and Secretary General, Victor Mbanaso.
While noting that Dr Michael Chiemezuo ‘s invaluable contributions towards deepening democracy in Abia state and Nigeria cannot be overemphasized, Forum of Abia Democrats(FABD) also noted that Dr. Prince Michael Chiemezuo Agrippa has remained unwavering in her pursuit of gender equality in the country.
The pro-democracy forum further noted that Dr Prince Michael Chiemezuo’s continued support for human empowerment, community development, and as well passion for good governance.
“Dr Prince Michael Chiemezuo Agrippa has remained committed to public service and also dedicated to the advancement of democratic values in Abia state and larger Nigeria. And this illustrious son of Abia state has continuously demonstrated his desire to contribute to societal building and development, having chaired and coordinated professional bodies effectively and efficiently.
Forum of Abia Democrats (FABD) therefore threw their weights behind Dr Prince Michael Chiemezuo Agrippa’s House of assembly bid, describing his recent emergence as the NDC State House of Assembly standard-bearer for Isiala Ngwa South state Constituency as a beginning of a new chapter of progress and purposeful leadership in Isiala Ngwa South.
The forum expressed confidence in the ability and capacity of Dr Prince Michael Chiemezuo Agrippa in driving even development and uplifting local communities across Isiala Ngwa South Constituency through attractions of government’s provision of critical infrastructural amenities and projects when elected into the Abia State House of Assembly come 2027.
According to the ethnic-nationality body, aside from attracting meaningful socio-economic and infrastructural projects across IIsiala Ngwa South Constituency, we believe Dr Prince Michael Chiemezuo Agrippa equally possessed the wherewithal to pursue and make impactful laws that strengthen all statutory and relevant institutions of democratic governance in Abia State.
“Dr Prince Michael Chiemezuo has remained a defender of justice and advocate for the rights and welfare of average Nigerians.
“The confidence and widespread acceptance he enjoy among the electorates in isiala Ngwa South state constituency will turn into electoral victory for NDC in the coming general election next year,”the forum noted.
Forum of Abia Democrats (FABD) pledged to rally bulk votes for NDC State House of Assembly Candidate, Dr. Prince Michael Chiemezuo Agrippa to ensure his total victory in the upcoming election in 2027 in isiala Ngwa South Constituency by the independent national electoral commission (INEC).
The southeast forum also used the medium to call on all eligible Nigerian citizens to participate in the ongoing nationwide voters registration exercise by INEC, so as to enable them exercise their franchise in next year’s general election in the country.
“Every eligible imo citizens should ensure it register and collect their permanent voters cards (PVC), because, it is the only weapon and power vested on citizens by the constitution of the Federal Republic of Nigeria, to effect a change in government, and vote in credible people to mount leadership saddle in all levels in the country,”They stated.
The Service stated this in a statement posted on its official X handle on Wednesday.
According to the NIS, the only authorised platform for passport payments by Nigerians, both within the country and in the diaspora, is its official passport portal.
It added that foreigners seeking Nigerian visas should use only its official visa portal for embassy applications or the designated e-visa portal for electronic visa applications.
It said, “The Nigeria Immigration Service wishes to reiterate that the only authorised platforms for passport payments for Nigerians (at home and in diaspora) is https://passport.immigration.gov.ng.
“For foreigners wishing to apply for visa, https://visa.immigration.gov.ng (for visa at the Embassy) and https://evisa.immigration.gov.ng (for e-visa) are the official links.
The NIS urged applicants who require clarification or assistance with passport or visa applications to contact its verified communication channels.
It listed its official X accounts as @nigimmigration and @InquireAtNaija, while its verified Facebook and Instagram handles are @nigimmigration.
The Service also provided WhatsApp numbers 09160878000 and 09117717772 for enquiries and support.
The statement reiterated the Service’s commitment to ensuring secure and transparent passport and visa application processes, urging the public to avoid fraudulent intermediaries.
The US Department of State said the move is aimed at centralising routine visa services in regional hubs to enhance national security, reduce government spending, and ensure greater consistency in visa screening, vetting and adjudication.
In a statement on the US Department of State website on Wednesday, the department said the reorganisation aligns with the President Donald Trump’s administration’s priority of placing America’s interests and security first.
“The Department of State is constantly evaluating its overseas operations in order to advance America’s priorities as efficiently and effectively as possible. This includes a visa process that maintains rigorous standards of security screening and vetting and aligns resources and operational capacity with America’s national interests.
“The Trump administration has no higher priority than the safety and security of Americans, and the State Department will continue to provide Americans with appropriate consular services and assistance at diplomatic posts around the world,” the statement read.
Besides Abuja, the affected diplomatic posts are located in Asmara, Bamako, Banjul, Brazzaville, Bujumbura, Conakry, Cotonou, Durban, Freetown, Gaborone, Harare, Juba, Libreville, Lilongwe, Lusaka, Maputo, Maseru, Mbabane, N’Djamena, Niamey, Nouakchott, Ouagadougou and Windhoek.
It also emphasised that all diplomatic missions will continue to provide consular services and carry out their regular functions on behalf of the United States.
The department further assured travellers that the policy does not invalidate visas that have already been issued.
The United States periodically reviews its global diplomatic operations to reallocate resources and streamline consular services.
Under the new arrangement, applicants in countries affected by the policy are expected to access routine visa services through designated regional processing hubs, while embassies and consulates continue to provide other diplomatic and consular assistance.
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