President Bola Tinubu has declared that Nigeria’s old, colonial-era tax laws contributed to widespread poverty, assuring that the newly implemented tax reforms will unlock opportunities, boost investment, and promote inclusive economic growth. Speaking on Tuesday in Abuja at the commissioning
The Chairman of the Nigerian Revenue Service (NRS), Zach Adedeji, has received widespread commendation following the commissioning of the agency’s new headquarters in Abuja, with supporters highlighting both infrastructural progress and fiscal policy gains under the current administration. Speaking at the inauguration ceremony, attendees pointed to Adedeji’s presentation,
By Arabinrin Aderonke (@AderonkeW). Every administration is ultimately judged by its willingness to confront difficult structural problems. For President Bola Ahmed Tinubu’s government, tax reform represents one such necessary but challenging intervention, designed not for political convenience, but for long-term national stability and economic renewal. The recent
Starting January 19, 2026, Nigerians will begin paying a 7.5 per cent value-added tax (VAT) on selected banking services, following a government-backed directive aimed at expanding tax coverage within the financial sector. The new VAT charge will apply to specific electronic banking services, including mobile bank transfers, USSD transactions and card issuance fees.
Economic analyst, Kalu Aja, has said that money entering a bank account is not automatically taxed, contrary to widespread belief. Aja made the comment on Nairametrics’ X space on Thursday, with the topic “How the new tax law affects your pay, business and daily spending. The clarification follows growing public concerns around Nigeria’s new tax […]
President Bola Tinubu congratulates Dr Zacch Adedeji, the Chairman of the Nigeria Revenue Service, on his birthday. A statement by Bayo Onanuga, Special Adviser to the President, Information & Strategy, President Tinubu commends Adedeji’s sterling leadership of the 83-year-old revenue agency, the introduction of fresh ideas, the adoption of global best practices, the










