Nigeria Revenue Service Commissions New HQ, Hails Tinubu Fiscal Reforms

Abuja, Nigeria — The Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, on Tuesday presided over the official commissioning of the agency’s new headquarters in Abuja, marking a milestone in the country’s ongoing fiscal transformation under President Bola Ahmed Tinubu.

Speaking at the ceremony, Adedeji described the 16-floor complex — comprising three towers with capacity for over 3,000 staff — as more than a physical structure. He said it symbolises the culmination of years of disciplined reform efforts aimed at repositioning Nigeria’s fiscal architecture for greater efficiency, transparency, and long-term sustainability.

Adedeji noted that the Tinubu administration inherited an economy constrained by limited fiscal space, weak investor confidence, and structural distortions. In response, he said, the government initiated a “comprehensive reset” of the nation’s economic framework, including the unification of foreign exchange markets, clearance of financial backlogs, and enhanced transparency measures that have helped restore macroeconomic credibility.

He also highlighted sweeping tax reforms, revealing that more than 60 fragmented tax laws have been streamlined into a more coherent system to improve compliance, efficiency, and predictability without increasing tax burdens. The introduction of the National Single Window for trade, tighter fiscal controls, and improvements in remittance systems have further strengthened revenue generation and governance, he added.

Describing the new headquarters as a “tangible expression” of these reforms, Adedeji said the facility reflects the government’s commitment to building institutions capable of delivering lasting value. He praised the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of State for Finance, Taiwo Oyedele, for their roles in shaping and implementing the reform agenda.

The commissioning event, Adedeji said, represents a defining moment in Nigeria’s fiscal journey, with ongoing reforms expected to yield sustainable and transformative outcomes for the economy.

Leave a Comment

Your email address will not be published. Required fields are marked *

Recent News

Kenya-based assistive tech accelerator embeds persons with disabilities in product design

Innovate Now Kenya Launches Largest Cohort of Assistive Tech Startups

Akpabio accuses opposition of sponsoring insecurity, says terrorism will stop after elections — Daily Nigerian

Akpabio Blames Opposition for Sponsoring Insecurity Ahead of 2027 Election

I did not authorize it - El-Rufai debunks reports on political ambition

El-Rufai Denies 2027 Presidential Ambition Claims

‘Nigeria can boost growth through critical minerals’

Nigeria Launches Delta Gas Plant with Southfield Petroleum to Boost Domestic Supply

Scroll to Top