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New Tax Laws to Boost Investment, Economic Competitiveness – FIRS

Posted on December 21, 2025 by Jtimes

 

By Atiku Galadima

 

The Federal Inland Revenue Service (FIRS) has said Nigeria’s newly enacted tax laws are structured to enhance economic competitiveness, attract investment and ensure long-term fiscal stability, as stakeholders intensify efforts to deepen public understanding of ongoing tax reforms.

The clarification was made at a one-day workshop organised by CATAI and ActionAid on “Strengthening Understanding of Tax Reform for Inclusive Governance”, themed “Youth, Tax Reform and Accountability: Building Informed Voices for Tax.”

The forum brought together youths, civil society actors and policy stakeholders to examine the implications of the reforms and the role of citizens in accountable tax administration.

Speaking at the event, the FIRS Tax Controller, Dr. Adamu Isa, said the new tax regime offers several incentives aimed at easing compliance and encouraging investment, stressing that informed engagement remains key to benefiting from the reforms.

According to him, misconceptions about taxation often stem from inadequate information, noting that the reforms were designed to support taxpayers rather than burden them.

“There are many incentives for the taxpaying public to enjoy. What is important is to listen to the right people and get properly informed,” Isa said. “When you take advantage of the incentives and comply with your tax obligations, there is nothing to be afraid of.”

He urged Nigerians, particularly youths, to engage constructively with tax authorities, adding that voluntary compliance would strengthen public revenue and support sustainable national development.

In his remarks, the Executive Director and Chief Executive Officer of CATAI, Abubakar Sadiq Mu’azu, said the workshop was convened to promote inclusive governance by strengthening civic engagement and improving citizens’ understanding of tax reforms.

Mu’azu explained that CATAI’s broader mandate includes enhancing service delivery, empowering communities and supporting democratic governance, especially in fragile and emergency settings.

He said the organisation works in partnership with governments, communities and global actors to create safe and inclusive environments, while delivering age-appropriate, disability-inclusive and gender-transformative interventions for children, youths and caregivers.

According to him, CATAI also deploys research, advocacy and innovation to advance social, economic and environmental progress, with particular focus on the girl child and other marginalised groups, noting that informed participation in tax governance is critical to building a just and accountable society.

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