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Implementation of four newly signed tax reform laws delayed until January 2026
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FIRS now renamed Nigeria Revenue Service, with expanded mandate and autonomy
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Six-month sensitisation period to involve private, public, and international stakeholders
The Federal Inland Revenue Service (FIRS) has confirmed that President Bola Tinubu’s recently signed tax reform bills will not take effect until January 1, 2026, allowing time for strategic preparations and nationwide sensitisation.
FIRS Chairman, Dr. Zach Adedeji, disclosed this to State House correspondents shortly after the presidential assent to four major fiscal laws. According to him, the transition period will enable those involved in the rollout to plan and execute the reforms without confusion.
Dr. Adedeji also announced a major institutional transformation, stating that the FIRS is now officially renamed the Nigeria Revenue Service (NRS). The change follows the enactment of the Nigeria Revenue Service (Establishment) Act, which replaces the old FIRS Act with a new legal framework designed to boost autonomy, transparency, and accountability in revenue collection.
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“Two hours ago we were FIRS, now we are Nigeria Revenue Service with expanded scope and efficiency focus,” he said.
The new structure grants the NRS authority to oversee non-tax revenue in addition to its traditional tax functions. Adedeji stressed that the agency’s upgraded mandate will be matched with performance-based systems and measurable efficiency standards.
READ ALSO: Tinubu To Sign Four Tax Reform Bills Thursday
Also speaking, Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Tax Reforms, reaffirmed President Tinubu’s insistence on full, inclusive, and transparent implementation. He warned that no matter how innovative the legislation appears on paper, the real value lies in its practical execution.
“The journey is just beginning, writing the law means nothing without proper implementation,” Oyedele stated.
He revealed that the implementation phase will involve stakeholders across multiple sectors including the private sector, civil society, professional bodies, and international partners to ensure full buy-in and shared responsibility.
