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NRS, Tax Reforms: The New Face Of Nigeria’s Economy
['Bukola Aro-Lambo Is A Journalist With Leadership Newspaper With Over A Decade Of Experience', 'Specialising In Economy', 'Finance Reporting. She Covers Macroeconomic Trends', 'Fiscal Policy', 'Public Finance', 'Banking', 'Fintech', 'Combining Official Data With Expert Insight In A Methodical', 'Data-Driven Approach. Her Reporting Extends To Development Finance', 'Infrastructure Funding']
Leadership Newspapers
At the centre of the emerging transformation is the Nigeria Revenue Service (NRS), which is driving an increasingly fundamental restructuring of Nigeria’s tax and revenue architecture.
The new framework comprises the Nigeria Tax Act 2025, Nigeria Tax Administration Act 2025, Nigeria Revenue Service Establishment Act 2025 and the Joint Revenue Board of Nigeria Establishment Act 2025.
Non-oil tax revenue rose to N21.5 trillion in 2025 from N15.9 trillion in 2024, representing a 35 per cent increase.
This is where the NRS tax reforms intersect with Nigeria’s broader economic recovery.
The tax reform agenda is therefore being implemented alongside broader economic adjustments aimed at repositioning Nigeria’s fiscal and monetary framework.