Reforms: 23 States Record 27% Revenue Growth In Six Months

The Executive Secretary, Joint Revenue Board (JRB), Mr Olusegun Adesokan, says about 92 per cent of revenue earners liable to non-public revenue tax can pay decrease taxes or be exempt underneath Nigeria’s new tax legal guidelines.

Adesokan mentioned this at a information convention on the early outcomes of the tax reforms in Abuja on Wednesday.

He mentioned the reforms, which took impact in January 2026, had been designed to advertise equity, scale back a number of taxation and enhance income administration throughout the nation.

Adesokan mentioned the federal government’s imaginative and prescient was to tax prosperity fairly than poverty, income fairly than capital, and returns fairly than investments.

According to him, the reforms are guided by equity, fairness, accountability and transparency to enhance voluntary compliance and assist sustainable financial improvement.

He mentioned the brand new tax framework would shield low-income earners whereas guaranteeing that high-net-worth people contributed their fair proportion to nationwide improvement.

Adesokan mentioned knowledge from 23 states confirmed a 27 per cent enhance in tax income collections between January and June, in contrast with the corresponding interval in 2025.

He attributed the rise to improved income administration and a stronger deal with bringing high-income earners into the tax system.

Adesokan mentioned the brand new private revenue tax construction exempted the primary N800,000 of annual revenue from tax, whereas larger revenue brackets attracted progressive charges.

He added that the utmost private revenue tax charge underneath the brand new framework was 25 per cent.

Adesokan mentioned the reforms had been additionally designed to go away employees with extra disposable revenue by revised tax bands and reliefs.

He cited an instance wherein a employee incomes N1.2m month-to-month may save greater than N80,000 month-to-month underneath the brand new provisions, relying on relevant deductions.

The govt secretary mentioned the National Tax Identification system was one other main achievement of the reforms.

He mentioned the system, developed in collaboration with the Nigerian Revenue Service (NRS), supplied a common tax identification quantity for people and companies.

According to him, the interoperable system would allow income authorities nationwide to confirm taxpayers’ data, scale back administrative bottlenecks and curb a number of taxation.

Adesokan mentioned taxpayers may retrieve their Tax IDs by designated on-line portals, supplied their private particulars had been correct.

He additionally mentioned that 21 states had adopted the harmonised taxes and levies framework as of Tuesday night.

He mentioned the initiative was designed to consolidate a number of taxes and levies into 9 classes, addressing complaints about extreme and overlapping expenses.

Adesokan mentioned the board was working with state income authorities and the police to sort out unlawful collections and unauthorised levies, significantly these affecting transportation and the price of items.

He mentioned the board had additionally issued pointers to advertise uniform tax administration and strengthen coordination between federal and subnational income authorities.

Adesokan urged Nigerians experiencing tax-related disputes or unfair assessments to hunt redress by the Office of the Tax Ombud.

He mentioned the workplace supplied a channel for complaints involving income authorities, serving to to advertise equity and transparency within the tax system.

Adesokan emphasised that the reforms didn’t introduce new taxes however harmonised present methods to enhance effectivity and compliance.

He mentioned the final word measure of success can be companies rising, jobs being created and prosperity being shared throughout the nation.