News
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.
The National Association of Nigerian Students (NANS), the apex students governing body, has issued a four days ultimatum to South African business interests to evacuate Nigeria.
This is contained in a statement issued on Monday in Enugu by Comrade Amb. Bestman Okereafor, NANS National Executive Director, Cooperate and Private Sectors Engagement.
The statement said that after the expiration of the ultimatum, South African business interests would face full wrath of the over 43.1 million Nigerian students scattered in the nooks and crannies of the country.
“The attention of the apex students governing body, NANS, has been drawn to continuous attacks, intimidation and subsequent chase of law abiding, peaceful and hardworking Nigerians and other Africans from South Africa.
“As the biggest students body in Africa, we are giving South African business interests four days to evacuate our beloved country, Nigeria.
“The reason for this action is simple. South Africans cannot continue to oppress and chase our people from their country and expect their businesses to thrive on our soil,” it said.
The statement further noted that immediately after expiration of the ultimatum, NANS will consider picketing South Africa business interests, while further actions will follow.”
It called on the Federal Government of Nigeria and the African Union (AU) to take more decisive actions against South Africa for their inimical acts towards other Africans.
“It is on record that Nigeria played a major role in support of South Africa during the apartheid struggle and should never be paid with disloyalty, disrespect and global embarrassment,” it added.
It would be recalled that xenophobic attack by South Africans on other Africans for some months had led to Nigerians being physically assaulted, embarrassed, intimidated, injured and some gruesomely murdered.
Several Nigeria business interests and business premises, owned by law abiding Nigerians in South Africa, had been completely burnt down or destroyed by rampaging South Africans without any justification.
The alleged perpetrators of these crimes had earlier given Nigerians and other Africans an ultimatum of June 30 to leave South Africa.
The Federal Government through the Ministry of Foreign Affairs had in recent weeks airlifted hundreds of Nigerians, who are willing to leave the unfriendly country and her people, free of charge back to Nigeria.
However, some of those, who returned to Nigeria recently, left South Africa barely with the cloth they put on, losing savings, valuables and businesses they set up or acquired after many years.
A man identified as Gospel Uebari Kinanee, who disappeared in 2007 at the age of 14, has been found alive after spending 18 years in detention at the Port Harcourt Maximum Security Correctional Centre.
According to reports, Gospel was allegedly taken into custody by suspected security operatives and detained without trial, formal charges, or any case file.
Before his disappearance, he had gone out to play near his home in Ogoni, Rivers State, in 2007 and never returned. His family launched an extensive search, visiting police stations, mortuaries, and even the same correctional facility where he was unknowingly being held. Unable to cope with the uncertainty and anguish, both of his parents reportedly died during the years-long search.
His family and advocates were unable to locate him because he had been wrongly registered by the correctional facility under the name “Baridi Sunday” instead of his real name, Gospel Uebari Kinanee.
His ordeal came to light during a prison outreach programme conducted by the Haven360 Foundation, where he was identified as one of several “ghost prisoners”—individuals detained without proper legal documentation.
Gospel was subsequently released by the Chief Judge of Rivers State, Justice Simeon Amadi, during a jail delivery exercise aimed at decongesting correctional facilities.
Now in his 30s, Gospel is reportedly battling severe mental and psychological health challenges following his prolonged detention.
His family is pursuing a ₦10 billion lawsuit against the Federal Government and the Rivers State Government, seeking justice and compensation for his alleged unlawful detention.
News
18 LG Chairmen, 22 Exco Members, 28 Aspirants Shun “Kangaroo Grand Entry,” Pledge Loyalty to Anosike
In a fresh show of solidarity within the Anambra State chapter of the All Progressives Congress (APC), sixteen Local Government Chairmen, twenty-two State Executive Committee members, and twenty-eight aspirants across the state have distanced themselves from what they described as a “kangaroo grand entry,” reaffirming their allegiance to the state chairman, Senator Emma Anosike.
The mass show of support comes amid lingering tension in the party following a controversial court process that had sought to challenge Anosike’s leadership , a move the state APC executive had earlier dismissed as a “kangaroo judgment” lacking the backing of genuine party stakeholders.
Sources within the party say the boycotted event, tagged a “Grand Entry,” was organized by a faction opposed to the current leadership, apparently in an attempt to project an alternative structure and challenge the legitimacy of Anosike’s executive. However, the near-total absence of substantive party officials at the event has been read by observers as a clear indication that the rival faction lacks the grassroots backing it claims to have.
In separate statements, the affected chairmen, exco members, and aspirants said their decision to stay away was a deliberate stand against what they called an orchestrated distraction targeted at the “constitutionally recognized” leadership of the party in the state. They restated their commitment to the Anosike-led executive, insisting that the chairman and his team remain the only legitimate authority running the affairs of the APC in Anambra.
Party loyalists argue that the scale of the boycott — spanning local government administration, the state working committee, and aspiring candidates — sends a strong signal about where the balance of support lies within the party’s grassroots structure. They maintain that any parallel structure or gathering outside the recognized leadership amounts to a distraction that will not derail the party’s preparations for the National Assembly, State Assembly, and local government polls.
As of press time, the organizers of the “Grand Entry” have yet to respond publicly to the mass boycott, while the Anosike-led executive is expected to address the development formally in the coming days.
For many Nigerians hoping to relocate abroad, 2026 has presented both new opportunities and tougher challenges.
Several traditional migration destinations, including the United States, the United Kingdom, Australia and parts of Europe, have tightened immigration policies through stricter visa rules, tougher residency requirements and increased scrutiny of foreign applicants.
These changes have made relocation more difficult for many prospective students, skilled workers and families.
However, not every country is moving in the same direction.
Driven by labour shortages, ageing populations, economic growth plans and regional integration efforts, a number of countries have introduced visa reforms, new work permit schemes, residency pathways and visa-free travel policies that could make it easier for Nigerians to live, work or travel abroad.
Here are 9 countries that have introduced measures in 2026 that could improve relocation opportunities for Nigerians.
Canada
Canada has introduced new permanent residency pathways specifically for internationally trained medical doctors, including Nigerians.
The initiative expands access to permanent residency through Express Entry and provincial or territorial immigration programmes. Qualified doctors can also begin working while their immigration applications are being processed, helping to address the country’s healthcare workforce shortage.
Russia
Russia launched a new Skilled Worker Visa programme to attract foreign professionals into sectors facing acute labour shortages.
The programme allows eligible applicants to obtain a three-year temporary residence permit or apply directly for permanent residency. It also removes the mandatory Russian language examination and aims to process applications within 30 days.
Ìreland
Ireland expanded its employment permit system by introducing 32 reforms aimed at filling vacancies across critical sectors.
The changes affect industries including healthcare, construction, agriculture, transport, food production and specialist services. More occupations have been added to the Critical Skills Employment Permit list, giving skilled Nigerian workers greater access to employment and long-term residency opportunities.
Lithuania
Lithuania overhauled its work permit system with a fully digital application platform to attract foreign talent.
The country also replaced sector-specific labour quotas with a unified national quota, simplifying recruitment for employers and creating new opportunities in more than 100 occupations experiencing worker shortages.
Greece
Greece revised its Digital Nomad Visa programme to provide a clearer pathway for remote workers.
Applicants must now obtain a 12-month Digital Nomad Visa before travelling, which can later be converted into a two-year residence permit. The reforms provide greater legal certainty for freelancers, entrepreneurs and remote employees seeking long-term residence.
Spain approved a large-scale regularisation programme aimed at granting legal status to hundreds of thousands of undocumented migrants already living in the country.
Eligible applicants can obtain renewable work permits and legal residency, allowing them to work across sectors such as hospitality, tourism, agriculture and other service industries.
Ghana
Ghana introduced visa-free entry for all African citizens from May 25, 2026.
Under the new policy, Nigerians can travel to Ghana without obtaining a traditional visa, instead using a free electronic travel authorisation. The initiative is expected to boost tourism, trade, business and regional integration across Africa.
Togo
Togo removed visa requirements for all African passport holders.
Nigerians and other African travellers can now enter the country without a visa for stays of up to 30 days, provided they meet applicable immigration, health and security requirements. The move is expected to encourage tourism, business travel and regional commerce.
Republic of the Congo
The Republic of the Congo has announced plans to introduce visa-free entry for all African nationals from January 2027.
Although the policy has not yet taken effect, it signals the country’s commitment to improving intra-African mobility and regional integration. Once implemented, Nigerians will be able to visit without undergoing traditional visa application procedures.
Growing opportunities despite tougher migration rules.
While many popular destinations continue to tighten immigration policies, several countries are opening new pathways for skilled workers, healthcare professionals, entrepreneurs, remote workers and African travellers.
For Nigerians planning to relocate, these reforms offer alternative destinations with improved access to employment, residency and cross-border mobility, although applicants should always review each country’s official immigration requirements before making relocation plans.
A 27-year-old hairstylist from Oraifite in Ekwusigo Local Government Area of Anambra State, Loveth Sunday, has narrated how a tragic road accident changed the course of her life, leaving her with an amputated leg and ending her relationship just weeks after her introduction ceremony.
Speaking about her ordeal, Loveth said she was knocked down by a commercial bus that reportedly suffered brake failure on April 12, 2019, in front of the Oraifite Police Station while waiting by the roadside to travel to Onitsha.
According to her, the bus veered off the road and hit three people. Two victims died instantly, while she survived with severe injuries.
She said sympathisers rushed her to several hospitals, but she was allegedly turned away by five medical facilities before she was finally admitted to a sixth hospital, where she remained unconscious for five days.
After regaining consciousness, Loveth said doctors informed her that her left leg had been badly damaged and would have to be amputated to save her life after the tissue had become infected.
She was later transferred to Uzondu Orthopaedic Hospital in Ojoto, where doctors insisted that delaying the procedure could allow the infection to spread to her heart and become fatal.
Although her parents initially opposed the amputation, fearing they would lose their daughter, Loveth said she eventually consented to the procedure after doctors explained the risks.
She disclosed that her family spent about ₦2.5 million on medical treatment after initially being asked to deposit ₦350,000.
Loveth also revealed that the accident occurred barely three weeks after her introduction ceremony with her fiancé, held on March 23, 2019.
She said her fiancé visited her in the hospital shortly after the accident but later stopped communicating with her and eventually informed her that he was no longer interested in continuing the relationship.
“I expected him to encourage me, but instead he ended the relationship while I was still in the hospital,” she said.
Beyond losing her fiancé, Loveth said the experience also exposed those who truly cared about her, noting that while some friends stood by her, others—including her best friend—never visited or contacted her after the accident.
She currently relies on crutches after her prosthetic limb became damaged. According to her, a basic prosthesis costs about ₦850,000, while more advanced versions range from ₦1.5 million to ₦2.5 million.
Loveth appealed for financial assistance to enable her acquire a new prosthetic limb and expand her small perfume business, which she says provides the income she uses for medical check-ups and daily living expenses.
She also expressed disappointment that the driver responsible for the accident allegedly paid only ₦50,000 through his relatives, despite the family’s medical expenses running into millions of naira.
According to Loveth, the driver’s relatives claimed they had exhausted their resources after selling land to bury the two other victims who died in the crash.
Despite the challenges, she said she remains grateful to be alive and continues to draw strength from her faith while hoping for a better future.
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