- New Tax System Will Drive Prosperity, Replace Inefficent Laws – Tinubu
- Says the previous tax structure, shaped by colonial-era policies, created fragmentation and multiple layers of taxation
- Praised Taiwo Oyedele for his role in modernising Nigeria’s tax laws, making them more practical and accessible
President Bola Ahmed Tinubu has said Nigeria’s new tax reforms will promote prosperity, inclusivity and economic growth, as he criticised colonial-era tax systems for impoverishing citizens through inefficiencies and inconsistencies.
Eko Hot Blog reports that the President made the remarks on Tuesday while commissioning the headquarters of the Nigeria Revenue Service in Abuja.
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According to Tinubu, the newly reformed tax system is designed to be people-centred and investment-friendly, aimed at strengthening Nigeria’s development and global competitiveness.
He noted that the previous tax structure, shaped by colonial-era policies, created fragmentation and multiple layers of taxation, which hindered economic growth.
Reaffirming his administration’s commitment, Tinubu said his inauguration promises to restore financial stability and rebuild the economy were deliberate and ongoing.
“We are not just commissioning a building but marking a milestone in strengthening our fiscal foundation and restoring confidence in public institutions,” he said.
The President emphasised that no nation can achieve lasting prosperity with a weak and inefficient revenue system, stressing that the reforms are intended to simplify processes, eliminate distortions and ensure fairness.
He also commended the Executive Chairman of the NRS, Zacch Adedeji, for delivering the project and improving the agency’s performance, noting that the facility will provide a modern work environment for over 3,000 staff.
Tinubu further praised Taiwo Oyedele for his role in modernising Nigeria’s tax laws, making them more practical and accessible.
Highlighting early outcomes of the reforms, the President pointed to improved fiscal stability, stronger foreign reserves and increased investor confidence as signs of progress.
He added that the NRS has been repositioned as a modern revenue hub, driven by technology, research and data, while remaining responsive to the needs of Nigerians, especially vulnerable groups.
Describing the new headquarters as more than just a structure, Tinubu said it represents a renewed commitment to professionalism, transparency and efficient service delivery in Nigeria’s public institutions.
