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From Emmanuel Adeyemi, Lokoja
Kogi state government has called on all it’s citizens to embrace the newly modified tax system of the federal government scheduled to take effect from 1st January, 2025.
Speaking at a Stakeholders’ meeting at the government House lokoja on Tuesday the special adviser to the Kogi governor on revenue generation, Nasir Ichanyi who represented the governor on the occasion said the new tax regime harmonises previously fragmented tax laws, eliminates multiple taxation and strengthens transparency in tax administration.
He reaffirmed the state government’s commitment to supporting the federal government’s tax reform efforts, which he said were essential to improving revenue generation and strengthening the economy.
The Stakeholders’ meeting was organized by the Kogi State Internal Revenue Service (KGIRS) to sensitize stakeholders on the need to support the smooth implementation of the Nigeria Tax Acts 2025, scheduled to take effect in January 2026.
The Nigeria Tax Acts 2025, comprising the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill and the Joint Revenue Board (Establishment) Bill, were passed by the National Assembly and signed into law by President Bola Tinubu on June 26.
Speaking earlier, the executive chairman of KGIRS, Sule Enehe, the said the new Acts introduced a more equitable tax structure designed to protect low-income earners, ease the burden on middle-income groups and apply higher taxes to high-income earners in line with global best practices.
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He noted that the reforms align with the federal government’s broader tax policy aimed at enhancing tax administration and boosting national revenue.
The KGIRS therefore said the stakeholders’ engagement was intended to deepen understanding of the Nigeria Tax Act ahead of its full implementation in January next year.
He urged taxable individuals, businesses and other critical stakeholders to embrace the reforms in support of President Bola Tinubu’s tax transformation agenda, adding that the new regime would help stabilize the nation’s economy.
Guest speakers at the event said the Acts would improve transparency in tax administration, enhance business operations and encourage investment, thereby contributing to economic growth and development in the state.
Participants, however, urged government at all levels to ensure taxpayers derive visible benefits from their contributions and stressed the need for strict accountability and transparency as the Acts are implemented.
