Feb 16 • 16:27 UTC 🇳🇬 Nigeria Punch

Modern tax systems automated, digital, data-driven – NRS boss

The Chairman of the Nigeria Revenue Service emphasizes the need for digital transformation in tax reforms to achieve a ₦40.71 trillion revenue target by 2026.

Zacch Adedeji, the Executive Chairman of the Nigeria Revenue Service, has highlighted the crucial role of digital systems in successfully implementing Nigeria's historic tax reforms. Speaking at an event in Abuja, he argued that the 2025 Tax Reform Acts, which take effect from January 1, 2026, lay the groundwork for creating a more equitable economy. However, he stressed that these reforms could not be effectively executed through outdated manual or paper-based processes. Instead, a complete shift towards a digital-first approach is necessary to enhance revenue collection without increasing tax rates on citizens.

Adedeji pointed out that the ambition to achieve ₦40.71 trillion in revenue by 2026 presents a significant challenge that can only be met through advanced "tax intelligence" systems. This transformation involves harnessing modern technology to streamline tax processes and improve compliance, ultimately leading to increased revenues. He expressed that digitization is not just an operational change; it represents a strategic movement towards a more efficient fiscal management system.

The discussions, centered around the theme 'Harmonising Revenue Systems and Implementing New Tax Laws,' underscore the critical importance of aligning Nigeria’s tax collection efforts with global best practices. The event also reflects the Nigerian government's commitment to restructuring the tax landscape to drive economic growth, reduce inequities, and foster a sustainable revenue generation environment. The emphasis on automation and digital tools indicates a forward-thinking approach in addressing the country’s fiscal challenges, paving the way for a resilient economy.

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