Nigeria’s Federal Inland Revenue Service (FIRS) has stated that the full effects of the recently approved tax reforms will become clearer from January 1, 2026, when the four executive bills signed into law by President Bola Ahmed Tinubu come into force.
The reform package comprises the Nigeria Tax Bill, the Nigeria Tax Administration Procedure Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Tax Board Establishment Bill.
The Service said this explains why it closed 2025 with total revenue collections of N22.59 trillion.
In a statement issued on Sunday, Arabinrin Aderonke Atoyebi, spokesperson to the Executive Chairman, Dr. Zacch Adedeji, said the groundwork has been laid for improved performance and stronger achievements in 2026.
She noted that the signing of four major tax reform laws, including the Nigeria Revenue Service (Establishment) Act, which officially transitioned FIRS into the Nigeria Revenue Service, NRS, was central to the transformation in the Service.
“The new framework grants the agency greater autonomy and an expanded mandate that covers non-tax revenue, while harmonising previously fragmented tax legislation,” she said.
These reforms are more than procedural and signal a shift towards a more organised, accountable system of taxation, one that can support economic growth while maintaining fairness and predictability for taxpayers in Nigeria,” she added.
“The legal changes are expected to reduce ambiguity for businesses and individuals and strengthen the institutional foundation of revenue administration.
“Between January and August 2025, FIRS collected N20.62 trillion, representing 82 per cent of its N25.2 trillion annual target.
By September, total collections had risen to N22.59 trillion, with non-oil revenue accounting for a significant share. Over two years, from October 2023 to September 2025, total collections stood at N47.39 trillion,” she noted.
She added that the performance showed how “a more organised approach to tax administration is starting to pay off.
“Technology played a prominent role in the agency’s operations during the year.
The full impact of the reforms is expected to become clearer from January 1, 2026, when the four executive tax reform laws signed by President Bola Ahmed Tinubu take effect.
According to Atoyebi, Nigerians can look forward to clearer tax procedures, easier access to services, faster processing of Tax Identification Numbers and tax clearance certificates, and greater transparency in revenue management.
