The Federal Government has announced that the implementation of the newly signed four tax and fiscal reform laws will officially begin on January 1, 2026.
Speaking to journalists shortly after President Bola Tinubu signed the bills into law, Chairman of the newly rebranded Nigeria Revenue Service (NRS), Zach Adedeji, said the next six months will be used to establish proper modalities and ensure nationwide awareness.
Adedeji disclosed that the Federal Inland Revenue Service (FIRS) has been reconstituted as the Nigeria Revenue Service, reflecting an expanded mandate beyond just tax collection.
“Two hours ago, we were FIRS. Now, we are Nigeria Revenue Service with an expanded scope to focus on tax and non-tax revenue collection, backed by a performance-driven structure,” he said.
He further explained that the Nigeria Revenue Service (Establishment) Bill, one of the four signed, repeals the old FIRS Act and introduces mechanisms for greater transparency, accountability, and efficiency.
The NRS boss clarified that the six-month grace period before full implementation is to allow the government and relevant stakeholders to prepare adequately and educate Nigerians on the reforms.
“This window gives us enough time to ensure smooth implementation and to carry Nigerians along every step of the way,” Adedeji said.
Also speaking at the briefing, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, stressed that signing the laws is just the first step.
Oyedele said, “The journey is just beginning; writing the law, no matter how beautiful, no matter how transformative, no matter how innovative, it means nothing if it is not properly implemented. So, we are mindful of that. We are not going to relax.
“Mr President has given us the charge that now is time to move to implementation, and we are ready. We are prepared. It is not something we can’t do alone, even from the government side. It’s something we have to be collective about.”
Oyedele emphasised that the committee will adopt a collective implementation model involving the private sector, public institutions, civil society, professional bodies, and international partners.
He said, “The private sector, public sector, civil society, professional bodies, etc? Tax consultants, everyone, including our international partners, who mean well will work for Nigeria.”
The post FG Sets January 2026 For Implementation Of New Tax Laws appeared first on Naija News.