Nigeria Set for Historic Tax System Overhaul
The Federal Inland Revenue Service (FIRS) has announced it will officially launch the Nigeria Tax Reform Acts on Monday, November 10, 2025. This landmark event, a Strategic Stakeholder Engagement Session themed "Impact of the New Tax Laws," represents a crucial step in the nation's fiscal reform agenda.
Stakeholder Engagement and Key Participants
The session is designed to bring together a wide array of stakeholders to review the operational framework of the new Acts. Attendees will include senior government officials, policymakers, tax experts, development partners, civil society organizations, and private-sector leaders.
The event will feature presentations from some of Nigeria's most respected figures in taxation and public finance, including:
- Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms
- Ifueko Omoigui-Okauru, former Executive Chairman of FIRS and CEO of Compliance Professionals
- Matthew Gbonjubola, Coordinating Director at FIRS
- Tayo Koleoso, Chief of Staff at FIRS
Focus on Simplification and Economic Growth
According to Dr. Lovette Ononuga, Director of Taxpayer Services, the engagement aims to deepen public understanding of the reforms and foster collaboration for smooth implementation. A major highlight will be a high-level panel discussion featuring senior FIRS executives Amina Ado, Kabir Abba, and Matthew Gbonjubola, alongside Michael Ango of the FCT Internal Revenue Service and Olumide Esan from Deloitte.
Dr. Ononuga emphasized that a core objective of the new laws is to reduce multiple and overlapping taxes that have long burdened individuals and businesses. The reforms seek to create a simpler, fairer tax structure by removing ambiguities and enhancing clarity, making it easier for taxpayers to understand their obligations.
For citizens, this is expected to reduce the frustrations associated with tax payments and eliminate unfair charges by unauthorized agents. The FIRS and its partners hope these reforms will usher in a new era of efficient and transparent tax administration, aligned with Nigeria's long-term development goals.
If effectively implemented, the Nigeria Tax Reform Acts are projected to transform public perception of taxation, enhance government accountability, and support the nation's path toward inclusive and sustainable economic prosperity.
