Ekiti has become the first state to domesticate the Nigeria Tax Administration Act following the signing into law of the Ekiti State Revenue Administration Law, 2025, by Biodun Oyebanji, the governor.
Oyebanji assented to the revenue law alongside the state’s
2026 budget of N415.57 billion at a brief ceremony held at the executive
council chamber in Ado-Ekiti.
The ceremony was witnessed by the deputy governor, Monisade
Afuye; Adeoye Aribasoye, speaker of the Ekiti house of assembly, Segun
Adesokan, executive secretary of the Joint Revenue Board, members of the
legislature, the executive council and other stakeholders.
Oyebanji said the new law is a bold statement of his
administration’s commitment to transparency, modern governance and economic
empowerment.
“From today, Ekiti adopts a strictly electronic payment,
billing, and receipting system. This will eradicate leakages and ensure that
your payments go directly into the state’s coffers,” he said.
The governor said the law repeals the Ekiti State Board of
Internal Revenue Law 2019 to align the state with national tax reforms and
adopt the harmonised list of taxes and levies approved by the Joint Revenue
Board.
He added that the legislation would institutionalise
harmony, fairness, certainty and accountability in subnational revenue
administration while strengthening ease of doing business.
Oyebanji said the law grants the Ekiti State Internal
Revenue Service sole authority for revenue collection, allows accreditation of
professional tax agents and empowers the service with prosecutorial capacity
and administrative penalties.
The governor thanked President Bola Tinubu for what he
described as transformative leadership and support for Ekiti state.
Speaking at the event, Adesokan commended Ekiti for taking
the lead, saying the state fulfilled a request made by the Joint Revenue Board
during its retreat in Ikogosi in September.
“Ekiti is the first state to domesticate the Nigeria Tax
Administration Act, and this shows commitment to professionalism and autonomy
in revenue administration,” he said.
Adesokan expressed optimism that other states would follow
Ekiti’s example and complete the domestication process.
Oyebanji also signed the 2026 budget, christened ‘Budget of
Sustainable Governance’, saying it would prioritise completion of ongoing
projects, food security, wealth creation and infrastructure.
The budget allocates 53 percent to recurrent expenditure and
47 percent to capital expenditure.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com