At a recent strategic engagement hosted by the Presidential Fiscal Policy and Tax Reforms Committee, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, emphasized that the successful implementation of Nigeria’s new tax laws will require strong collaboration across all levels of government and the private sector.
Speaking in Abuja, Adedeji noted that the FIRS—currently transitioning into the Nigeria Revenue Service (NRS)—cannot deliver the objectives of the reforms in isolation. He called for active cooperation from subnational governments, institutions, and taxpayers, stating that the reforms’ success depends on shared ownership and collective execution.
“Our collective posture should be one of readiness to listen, adapt, and deliver,” Adedeji said, highlighting capacity building as a key pillar of the reform agenda.
He reiterated the agency’s commitment to:
- Investing in training and technology
- Enhancing operational efficiency
- Reducing compliance costs
- Strengthening trust between taxpayers and the administration
Adedeji further tasked tax agency leadership with equipping officers with the tools, skills, and confidence required for modern tax administration, including:
- Digitalisation
- Data-driven compliance
- Cross-border taxation
- Sector-specific enforcement strategies
Economic Gains, But Reform Efforts Must Deepen – Oyedele
Also speaking at the session, Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, pointed to early signs of macroeconomic improvement under the Tinubu administration.
According to Oyedele:
- Nigeria’s balance of trade is now in surplus, reversing prior deficits
- The country has ceased printing money to finance obligations
- Unsettled foreign exchange backlogs have been cleared
- External reserves have grown to $23 billion within two years
While acknowledging these gains, Oyedele stressed the importance of deepening reform implementation to ensure the macroeconomic progress translates to poverty reduction and job creation.
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