President Bola Tinubu has commissioned the ultra-modern, 16-storey Nigeria Revenue Service (NRS) headquarters in Abuja, declaring that the country’s shift from archaic, colonial-era tax laws is already delivering a "clear light of renewed hope." Speaking at the ceremony on Tuesday, the President asserted that the transition to a streamlined, people-centred fiscal system has successfully liberated the economy from the constraints of structural fragmentation.
The President described the new tax framework, which became fully operational in January 2026, as a covenant with the Nigerian people to restore financial stability. He noted that the previous regime of multiple and inconsistent taxes had historically impoverished the nation, whereas the current reforms aim to create a fair and investment-friendly environment that rewards enterprise.
During the event, NRS Executive Chairman Dr Zacch Adedeji revealed staggering growth in national revenue under the current administration’s tenure. Adedeji reported that the total money available for the federation surged from ₦711 billion in May 2023 to ₦3.6 trillion by September 2025. This 400 percent increase was attributed to the consolidation of over 60 fragmented tax laws into a single, coherent framework, which has significantly improved compliance and predictability.
The commissioning of the edifice, completed in 30 months after languishing for two decades, was attended by top government officials, including Senate President Godswill Akpabio and Speaker Tajudeen Abbas. Akpabio urged citizens to remain patient, citing the disappearance of fuel queues and the growth of domestic production as evidence that the administration's broader economic interventions are yielding tangible results for the populace.
Further highlighting the modernisation of the trade ecosystem, Adedeji noted the successful launch of the National Single Window in collaboration with the Nigeria Customs Service. He emphasised that the revenue gains were driven not by a higher tax burden, but by a more efficient system with broadened coverage. President Tinubu concluded by charging the NRS to act as a model institution that builds public trust through accountability and transparency.