President Bola Tinubu on Tuesday declared that Nigeria’s landmark tax reforms will unlock fresh opportunities and propel the nation toward sustained economic prosperity by overhauling outdated colonial-era laws that have long stifled growth.
Speaking at the commissioning of the new Nigeria Revenue Service (NRS) headquarters in Abuja, Tinubu described the previous tax regime as plagued by fragmentation, inconsistencies, and inefficiency, which collectively undermined national development.
“The new tax structure is people-centred and investment-friendly,” the President said. “It is designed to drive economic growth, boost transparency, and position Nigeria as a more competitive player on the global stage.”
The reforms, which became fully operational in January, have already begun yielding positive results, including improved fiscal stability, stronger foreign reserves, and rising investor confidence, Tinubu noted.
The high-profile event drew top government figures, including Senate President Godswill Akpabio, Speaker of the House of Representatives Tajudeen Abbas, several ministers, lawmakers, state governors, and private sector leaders.
Tinubu commended the Executive Chairman of the NRS, Zacch Adedeji, for completing the impressive 16-storey headquarters within 30 months while simultaneously advancing key institutional reforms.
He charged the agency to maintain the highest standards of transparency, fairness, and accountability in revenue collection.In his remarks, Senate President Akpabio urged Nigerians to exercise patience with the ongoing reforms, pointing to visible improvements such as the end of chronic fuel queues and a surge in local production.
Speaker Abbas echoed the optimism, praising the reforms for transforming a previously fragmented tax system into a more unified and coherent framework.
Adedeji, in his address, described the tax overhaul as one of the most transformative initiatives in Nigeria’s history.
He revealed that revenue collection had skyrocketed from ₦6.8 trillion five years ago to ₦28.7 trillion in 2025, attributing the growth to improved fiscal governance, greater transparency, and better management of public funds.
The commissioning of the new NRS headquarters symbolises a major milestone in the Tinubu administration’s broader agenda to modernise Nigeria’s fiscal architecture and restore public confidence in national institutions.
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