FG Needs Five Years To Stabilise New Tax Laws— Adedeji

The Nigerian Tax Reforms: What Internal Auditors Need to Know By Abdul-Raheem Momoh The Nigerian Tax Reforms: What Internal Auditors Need to Know By Abdul-Raheem Momoh

Zacch Adedeji, chairman of Nigeria Revenue Service, says the federal government will need at least five years to fully stabilise the country’s newly introduced tax laws.

Gatekeepers News reports that the NRS chairman made this known on Thursday while addressing worshippers at a crossover service in Oyo State.

Adedeji explained that the new tax framework was created to overhaul and harmonise the country’s tax system. He said the reforms are aimed at bringing several existing taxes under a single, coordinated structure to improve efficiency.

The NRS chairman noted that the changes would ease the burden on taxpayers by reducing compliance costs and eliminating duplication across agencies. He added that the reforms are also expected to improve revenue collection by creating a centralised system that functions as a one-stop platform for tax administration in Nigeria.

According to Adedeji, the reforms will help Nigeria compete more favourably with other African countries and global economies by improving transparency and accountability in revenue management.

The NRS boss said, “We just launched the new law. We will need a minimum of five years to stabilise it.”

“I trust the capacity of my colleagues that we are more than prepared to give Nigeria what it deserves, which is the best.”

He urged Nigerians, including religious and community leaders, to support President Bola Ahmed Tinubu’s tax reform agenda, stressing that effective domestic revenue mobilisation is essential for long-term economic growth and national development.

Recall that President Tinubu signed four major tax reform bills into law on June 26, 2025. The laws include the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

The reforms have sparked public debate, with some groups calling for a halt to their implementation over concerns about discrepancies between the versions passed by the national assembly and those later gazetted. However, the president has insisted that the implementation will proceed as planned.

Tinubu described the tax reforms as a rare opportunity to build a fair, competitive, and sustainable fiscal system, maintaining that the new laws are not intended to increase taxes but to strengthen revenue administration and economic stability.