This call was made at the NASFAT Business Breakfast Summit 2.0, held on Friday, January 10, 2026, at Four Points by Sheraton, in Victoria Island, Lagos. “The new tax law is really about clarity, fairness and sustainability,” he said. This law eliminates such practices and creates a more transparent system.”He explained that the reforms are built around four major legislations: the Nigerian Tax Act, the Nigerian Revenue Service Establishment Act, the Nigerian Tax Administration Act and the Joint Revenue Board Establishment Act. According to him, these laws bring all tax collection and administration under a single coordinated framework, replacing the former Federal Inland Revenue Service with the Nigerian Revenue Service, which now oversees federally collectible revenues. In his welcome address, NASFAT President, Alhaji Ayodeji Abdulwahid Abdulrauf, said the summit was designed to bridge faith, policy and economic reality at a critical time for Nigeria.

Source: The Guardian January 11, 2026 14:59 UTC