The federal government, under its newly signed tax laws, is aiming to consolidate various taxes paid by Nigerians under a single authority, with a view to shifting agencies’ focus from revenue generation to efficiency, while improving the tracking of collected funds.
The Nigeria Revenue Service Act, which is part of the tax laws to take effect in January 2026, will establish the Nigeria Revenue Service (NRS), an autonomous collector-in-chief responsible for most public revenues, including taxes.
Sixty-three federal agencies have historica
