The agency responsible for tax collection and administration in Nigeria, recently restructured to improve efficiency.
How Nigeria plans to use banks and fintechs to recover tax debt
From 2026, banks and fintechs will serve as debt recovery agents for Nigeria's tax authority under the new Nigeria Tax Administration Act, 2025. The Federal Inland Revenue Service (FIRS) has been replaced by the Nigeria Revenue Service (NRS), marking a significant overhaul in tax administration.
Condia Insider: How Nigeria’s new tax law will affect you
President Tinubu signed four major tax reform bills to overhaul Nigeria's tax system. The reforms include modernizing VAT with real-time e-invoicing and zero-rating essential goods.
