By Nana Musa
Abuja, Oct. 28, 2026 (NAN) The Executive Secretary, Joint Revenue Board (JRB), Mr Olusegun Adesokan, says about 92 per cent of revenue earners liable to private revenue tax pays decrease taxes or be exempt below 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, have 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 moderately than poverty, income moderately than capital, and returns moderately than investments.
According to him, the reforms are guided by equity, fairness, accountability and transparency to enhance voluntary compliance and help sustainable financial growth.
He mentioned the brand new tax framework would shield low-income earners whereas guaranteeing that high-net-worth people contributed their justifiable share to nationwide growth.
Adesokan mentioned knowledge from 23 states confirmed a 27 per cent improve 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 give attention to 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 increased revenue brackets attracted progressive charges.
He added that the utmost private revenue tax charge below the brand new framework was 25 per cent.
Adesokan mentioned the reforms have been additionally designed to go away employees with extra disposable revenue by revised tax bands and reliefs.
He cited an instance during which a employee incomes N1.2 million month-to-month may save greater than N80,000 month-to-month below the brand new provisions, relying on relevant deductions.
The government 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 have 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 prices.
Adesokan mentioned the board was working with state income authorities and the police to deal with 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 current methods to enhance effectivity and compliance.
He mentioned the final word measure of success could be companies rising, jobs being created and prosperity being shared throughout the nation.(NAN)
NHM/AMM
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Edited by Abiemwense Moru
