President Bola Tinubu says outdated, colonial-era tax laws weakened Nigeria’s economy through fragmentation and inefficiencies, stressing that ongoing reforms will unlock growth, fairness, and prosperity.
Speaking at the commissioning of the Nigeria Revenue Service (NRS) headquarters in Abuja, the President described the new tax system as people-focused, transparent, and investment-friendly.
He noted that the reforms aim to simplify over 60 previously fragmented tax laws, strengthen compliance, and create a more competitive economic environment.
Tinubu also highlighted early gains, including improved fiscal stability, stronger reserves, and rising investor confidence, while urging the NRS to uphold transparency, accountability, and public trust.
Top government officials, including Senate President Godswill Akpabio and Speaker Tajudeen Abbas, commended the reforms, calling them a turning point for Nigeria’s revenue system.
