Tinubu Says Tax Reforms Will Boost Growth, Inclusivity
Last update: April 14, 2026
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Tinubu Says new tax law will drive growth in Nigeria....
President Bola Tinubu said on Tuesday that Nigeria’s new tax reforms would drive economic growth and inclusivity, describing colonial-era tax laws as outdated and detrimental to national prosperity.
Tinubu made the remarks while commissioning the 16-storey Nigeria Revenue Service (NRS) headquarters in Abuja, attended by senior government officials, lawmakers, state governors and private-sector leaders.
He said the new tax system, which became fully operational in January, was designed to simplify the fiscal framework, eliminate inefficiencies and create a more investment-friendly environment.
“On my inauguration day, I made a solemn pledge that we will move Nigerians from the dimness of uncertainty into the clear light of renewed hope,” Tinubu said, reaffirming his administration’s commitment to economic reforms.
The president said the reforms aimed to replace fragmented and inconsistent tax laws with a coherent system that supports enterprise, improves transparency and ensures fairness.
He added that early indicators pointed to improved fiscal stability, stronger foreign reserves and rising investor confidence.
Tinubu also praised the Executive Chairman of the NRS, Zacch Adedeji, for overseeing the completion of the headquarters, which will house about 3,000 staff and include data, training and health facilities.
Senate President Godswill Akpabio urged Nigerians to be patient with the reforms, saying they were already yielding results, including improved fuel availability and increased domestic production.
Speaker of the House of Representatives Tajudeen Abbas said the reforms had addressed longstanding structural weaknesses in the revenue system, aligning institutions and policies within a unified framework.
In his remarks, Adedeji said the administration had overhauled more than 60 tax laws into a streamlined system, improving compliance and predictability while strengthening public finance management.
He said revenue collections had risen significantly in recent years, reflecting improved governance and efficiency in the system.
Tinubu said the new NRS headquarters symbolised a broader effort to strengthen institutions and rebuild public trust, urging the agency to uphold transparency, accountability and professionalism.
