Tax Reform Bills: FIRS Now Nigeria Revenue Service
President Bola Ahmed Tinubu has signed four significant tax reform bills into law, officially renaming the Federal Inland Revenue Service (FIRS) as the Nigeria Revenue Service (NRS).
The newly enacted laws – the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill – are part of a broader effort to modernise Nigeria’s tax system and ease the burden on ordinary citizens.
In a statement on Thursday, President Tinubu described the reforms as a major milestone aimed at delivering pro-people tax cuts and economic relief for low-income earners, families, and small businesses across the country.
“This marks the beginning of a new economic era for Nigeria,” Tinubu said, noting that the legislative changes are designed to make the tax system more efficient, equitable, and growth-focused.
Under the new framework, the Nigeria Revenue Service will replace FIRS as the nation’s central tax authority, with a broader mandate to improve tax administration and compliance while fostering transparency and accountability.
The full implementation of the tax reform laws is scheduled to begin on January 1, 2026, giving regulatory bodies and stakeholders time to adjust to the changes.
