Abuja — The Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, has reassured Nigerians that the proposed tax reform bills currently before the National Assembly will not introduce new taxes or increase existing ones. His remarks came during a briefing to the Senate at Wednesday’s plenary, where he emphasized that the reforms are focused on enhancing economic growth without burdening citizens.
Mr. Adedeji, accompanied by a team of economic experts, highlighted the importance of the bills, which include the Nigeria Tax Bill, the Nigeria Tax Administration Act (Amendment) Bill, the Nigeria Revenue Service Bill, and the Joint Revenue Board (Establishment) Bill. According to him, these legislative measures aim to create a more efficient tax system that fosters prosperity.
In a press briefing after the session, Adedeji expressed gratitude to the leadership of the National Assembly for allowing an in-depth discussion on the bills’ significance. He explained that extensive consultations have been conducted nationwide with stakeholders, including governors and commissioners, to gather input. “The consultations will continue even after the bills are passed, ensuring that Nigerians are educated on their impact,” he stated.
Addressing public concerns, Mr. Adedeji reiterated that President Bola Tinubu’s administration is committed to fair taxation. “The President has been clear that we will not tax poverty but prosperity. We will focus on taxing fruits, not seeds; returns, not investments. This is a commitment to laying a solid foundation for the nation’s prosperity,” he assured.
The FIRS chairman further underscored the transformative potential of the reforms, noting that they are designed to stimulate economic growth. “These reforms are not about generating revenue at all costs but about creating an environment where businesses can thrive and contribute to national development,” he added.
As discussions around the bills continue, the FIRS has pledged to maintain open communication with Nigerians, ensuring transparency and understanding of the government’s fiscal policies.