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New Era of Taxation: FG Replaces FIRS with Nigerian Revenue Service in Sweeping Reform
The Federal Inland Revenue Service (FIRS) has officially been renamed the Nigerian Revenue Service (NRS) following the signing of key Tax Reform Bills into law by President Bola Tinubu.....KINDLY READ THE FULL STORY HERE▶
The announcement was made on Thursday by the Chairman of the newly renamed agency, Zacch Adedeji, during a press briefing at the State House in Abuja, shortly after the President signed the bills.
Adedeji explained that the change is more than just a rebranding — the NRS will now operate with an expanded mandate that includes non-tax revenue collection and the coordination of all tax-related activities across government.
“Just two hours ago, we were known as the Federal Inland Revenue Service. But with the President’s assent to the Tax Reform Bills, we are now the Nigerian Revenue Service,” he said. “Our scope has been broadened to cover non-tax revenue collection and ensure greater efficiency as the central implementing body for all major tax policies.”
It will be recalled that President Tinubu, at a brief ceremony held at the Presidential Villa on Thursday, signed four transformative Tax Bills into law.
In a statement released shortly after the signing via its official X (formerly Twitter) handle, the NRS described the development as the dawn of a new era in Nigeria’s tax administration.
“This landmark moment marks a turning point in our nation’s fiscal system, aimed at improving efficiency, fairness, and sustainability in revenue generation,” the agency said.
According to the NRS, the newly enacted laws are expected to modernize Nigeria’s tax framework, boost economic growth, strengthen public service delivery, and lay the foundation for long-term national development.
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