27.1 C
Lagos
Thursday, January 15, 2026

Mail

spot_img

NRS Chairman Defends New Tax Laws, Says Reforms Will Drive Growth

The Executive Chairman of the Nigeria Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has said the new tax laws that took effect last week are designed to support sustainable development and rapid economic growth.

Speaking on national television Monday, Adedeji explained that while tax reform often attracts political commentary, the overriding objective is economic stability and the development of credible institutions capable of supporting long-term national progress.

He dismissed fears that the framework could be used to marginalise opposition or target individuals based on political affiliation, stressing that the reforms are driven by national interest and accountability.

Adedeji emphasised that the administration’s approach is guided by transparency, due process, and a commitment to building strong institutions.

He commended the President’s “courage” in pursuing far-reaching fiscal reforms despite the political risks ahead of an election cycle, noting that the agenda focuses on correcting structural weaknesses, improving fairness, and creating a predictable compliance environment that encourages voluntary participation.

He said scepticism stems from Nigeria’s historical concerns about public institutions but assured that the new framework reduces discretion in tax administration, promotes automation, and strengthens governance safeguards.

The reforms, he added, place strong emphasis on trust between government and taxpayers, ensuring citizens can see the link between taxes paid and improvements in public services.

Adedeji concluded that the phased implementation will build a tax environment that supports investment, protects vulnerable groups, and insulates processes from political interference, ultimately strengthening confidence in public administration.

Rate, Like 👍, Comment 💬, Share this article, Follow us on our social media handles, and Submit your own story to get featured and earn rewards!
0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
spot_img
JolibaLive News!
JolibaLive News!https://joliba.com.ng
JolibaLive | The Information Marketplace 🌍 Citizen's companion. Democratized journalism
CCDJ iRadio8.59

Related Articles

Click Target 💠 For Your Local Weather Update

Lagos
overcast clouds
27.5 ° C
27.5 °
27.5 °
78 %
3.3kmh
88 %
Thu
27 °
Fri
35 °
Sat
33 °
Sun
32 °
Mon
32 °
- Advertisement -spot_imgspot_img

Follow Us

1,611FansLike
9FollowersFollow
0FollowersFollow
0FollowersFollow
34FollowersFollow
4SubscribersSubscribe

Subscribe to our Newsletter

Latest news updates sent each morning direct to your mailbox.

Latest Articles

0
Would love your thoughts, please comment.x
()
x