Video: Nigerian Revenue Service Replaces FIRS following presidential assent to Tax Reform Bills
Abdullateef Fowewe
In a landmark move to overhaul Nigeria’s tax administration, the Federal Inland Revenue Service (FIRS) has officially transformed into the Nigerian Revenue Service (NRS), following the recent assent of the Tax Reform Bills by President Bola Tinubu.
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Chairman of the Nigerian Revenue Service, Zacch Adedeji, announced the change, emphasising the expanded mandate of the new agency.
“We were FIRS two hours ago, but with the assent of the Tax Reform Bills by the President, we are now the Nigerian Revenue Service,” Adedeji stated.
He highlighted the broader scope of the NRS, noting that it will now focus not only on tax collection but also on non-tax revenue streams.
“Our scope has expanded to also focus on non-tax collection and increase efficiency. We aim to actually match as a source and be the implementer of all other major taxes that we have,” he explained.
This reform is expected to enhance revenue mobilisation, improve tax compliance, and streamline Nigeria’s fiscal framework, positioning the NRS as a more robust and versatile revenue agency.
