• About us
  • Advertise with us
  • Privacy Policy
  • Contact us
Friday, September 12, 2025
  • Login
Envision Nigeria
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Benin Republic appeals to CAF to deduct SA points

    Benin Republic appeals to CAF to deduct SA points

    Equities market extends bullish trend by 0.41%

    Equities market extends bullish trend by 0.41%

    Dangote Cement pays over N3.3trn in dividends to shareholders in 15 years

    NULGE urges Tinubu to enforce LG autonomy

    NULGE urges Tinubu to enforce LG autonomy

    Reps PAC Committee debunks ‘reckless borrowing’ statement attributed to Abbas

    Reps PAC Committee debunks ‘reckless borrowing’ statement attributed to Abbas

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

    Ademola Lookman: Premier League top side ready ₦40 billion January bid

    Ademola Lookman: Premier League top side ready ₦40 billion January bid

    Bayern Munich agree £70.5m deal to sign Chelsea’s Jackson

    Bayern Munich agree £70.5m deal to sign Chelsea’s Jackson

    World Championship: Team Nigeria Athletes complete Gene Test

    World Championship: Team Nigeria Athletes complete Gene Test

    Yusuf Alli gives reasons why 15 athletes will represent Nigeria at Tokyo 2025 World Championships

    Yusuf Alli gives reasons why 15 athletes will represent Nigeria at Tokyo 2025 World Championships

    South Africa coach condemns Toyota Stadium in Bloemfontein for World Cup qualifier  against Super Eagles

    South Africa coach condemns Toyota Stadium in Bloemfontein for World Cup qualifier  against Super Eagles

  • World News
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    FG unveils genomic strategy, prepares for AMR 2026

    FG unveils genomic strategy, prepares for AMR 2026

    How malaria affects human development

    How malaria affects human development

    Steps towards a successful career in events planning without breaking the bank

    Steps towards a successful career in events planning without breaking the bank

    National Cybercrime Centre dismantles WhatsApp fraud syndicate targeting Nigerian elites

    National Cybercrime Centre dismantles WhatsApp fraud syndicate targeting Nigerian elites

    Benefits of gloves, spiritually 

    Benefits of gloves, spiritually 

    What age difference is ideal between husband and wife?

    What age difference is ideal between husband and wife?

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    The Last Guardian Playstation 4 Game review

No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Benin Republic appeals to CAF to deduct SA points

    Benin Republic appeals to CAF to deduct SA points

    Equities market extends bullish trend by 0.41%

    Equities market extends bullish trend by 0.41%

    Dangote Cement pays over N3.3trn in dividends to shareholders in 15 years

    NULGE urges Tinubu to enforce LG autonomy

    NULGE urges Tinubu to enforce LG autonomy

    Reps PAC Committee debunks ‘reckless borrowing’ statement attributed to Abbas

    Reps PAC Committee debunks ‘reckless borrowing’ statement attributed to Abbas

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

    Ademola Lookman: Premier League top side ready ₦40 billion January bid

    Ademola Lookman: Premier League top side ready ₦40 billion January bid

    Bayern Munich agree £70.5m deal to sign Chelsea’s Jackson

    Bayern Munich agree £70.5m deal to sign Chelsea’s Jackson

    World Championship: Team Nigeria Athletes complete Gene Test

    World Championship: Team Nigeria Athletes complete Gene Test

    Yusuf Alli gives reasons why 15 athletes will represent Nigeria at Tokyo 2025 World Championships

    Yusuf Alli gives reasons why 15 athletes will represent Nigeria at Tokyo 2025 World Championships

    South Africa coach condemns Toyota Stadium in Bloemfontein for World Cup qualifier  against Super Eagles

    South Africa coach condemns Toyota Stadium in Bloemfontein for World Cup qualifier  against Super Eagles

  • World News
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    FG unveils genomic strategy, prepares for AMR 2026

    FG unveils genomic strategy, prepares for AMR 2026

    How malaria affects human development

    How malaria affects human development

    Steps towards a successful career in events planning without breaking the bank

    Steps towards a successful career in events planning without breaking the bank

    National Cybercrime Centre dismantles WhatsApp fraud syndicate targeting Nigerian elites

    National Cybercrime Centre dismantles WhatsApp fraud syndicate targeting Nigerian elites

    Benefits of gloves, spiritually 

    Benefits of gloves, spiritually 

    What age difference is ideal between husband and wife?

    What age difference is ideal between husband and wife?

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    The Last Guardian Playstation 4 Game review

No Result
View All Result
Envision Nigeria
No Result
View All Result
Home In the News

Tinubu Moves to Centralize Revenue Collection, Proposes Nigeria Revenue Service to Replace 62 Agencies

Ademola Damilola by Ademola Damilola
October 4, 2024
in In the News, News
0
“New GDP Growth Excites Tinubu, Expresses Commitment to Building a Resilient Economy”
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

President Bola Tinubu is set to reform Nigeria’s revenue collection system by barring over 60 revenue-generating agencies from collecting government revenues, including the Nigerian Customs Service and Nigerian Ports Authority. In their place, a new single entity, the Nigeria Revenue Service, will be created to handle all government revenue collections.

The move is part of broader tax reforms aimed at increasing revenue collection efficiency and achieving a minimum tax-to-GDP ratio of 18%, a significant improvement from the current low level. These reforms are expected to consolidate the government’s revenue collection efforts and boost public services and infrastructure funding.

Under the proposed plan, the Federal Inland Revenue Service (FIRS) will be renamed the Nigeria Revenue Service, focusing on assessing, collecting, and accounting for government revenues. Other agencies, such as the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS), will shift their focus to their core mandates, like trade facilitation and anti-smuggling operations, while no longer handling revenue collection.

This policy was introduced on Thursday as President Tinubu submitted four executive bills to the National Assembly, including the Nigeria Revenue Service (Establishment) Bill. The bill seeks to repeal the Federal Inland Revenue Service Act and create a more unified and efficient framework for tax collection. Alongside the name change, Tinubu also proposed three additional tax reform bills aimed at streamlining fiscal policies and improving tax administration.

The reforms have stirred debate, with some industry experts criticizing the removal of revenue collection duties from agencies like Customs. Dr. Eugene Nweke, a former president of the National Association of Government Approved Freight Forwarders, argued that Customs globally are known for revenue collection, and outsourcing this function to a new body may not be efficient.

However, Tinubu’s administration maintains that the establishment of a single revenue body will enhance transparency, reduce redundancy, and better align Nigeria’s fiscal system with international best practices, such as those seen in the U.S. and U.K.

The proposed bills also include the creation of a Tax Tribunal and the Office of the Tax Ombudsman to resolve disputes arising from revenue collection, ensuring a fair and consistent legal framework for taxation in Nigeria.

As part of the new tax reforms, the government hopes to alleviate the tax burden on small businesses and vulnerable citizens while ensuring that wealthier individuals contribute their fair share, as recommended by the Presidential Fiscal Policy and Tax Reforms Committee, headed by Taiwo Oyedele.

The House of Representatives has confirmed receipt of the bills, and Speaker Tajudeen Abbas emphasized that the reforms are aligned with the administration’s goals of enhancing revenue generation and promoting economic growth. A debate on the bills’ general principles is expected to be scheduled soon.

Previous Post

NNPC Pledges 8 Million Barrels of Oil Monthly to Settle $8.8 Billion Debt in Crude-for-Loan Deals

Next Post

Man Caught in Failed Attempt to Steal Diesel from Dangote Cement Plant

Ademola Damilola

Ademola Damilola

Next Post
Man Caught in Failed Attempt to Steal Diesel from Dangote Cement Plant

Man Caught in Failed Attempt to Steal Diesel from Dangote Cement Plant

Leave a Reply Cancel reply

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

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
FG commences electronic verification for military veterans February 19

FG commences electronic verification for military veterans February 19

February 15, 2024
Fr Ogunyemi charges Catholic women to go MAD

Fr Ogunyemi charges Catholic women to go MAD

February 20, 2024
BREAKING: FCT Minister’s residence gutted by Fire

BREAKING: FCT Minister’s residence gutted by Fire

February 25, 2024
Dr Patrick Tyodzer Pillah: A Scholar Shaping Public Policy, Governance, and Environmental Management in Nigeria

Dr Patrick Tyodzer Pillah: A Scholar Shaping Public Policy, Governance, and Environmental Management in Nigeria

February 11, 2025
Culture making Africans intolerant of blessings for same-sex couples – Pope

Culture making Africans intolerant of blessings for same-sex couples – Pope

1
CBN lacks power to receive NNPCL crude sales – Atiku

CBN lacks power to receive NNPCL crude sales – Atiku

1
Soldier questions non-recognition as Tinubu lavishes gifts on Super Eagles

Soldier questions non-recognition as Tinubu lavishes gifts on Super Eagles

1
Fr Ogunyemi charges Catholic women to go MAD

Fr Ogunyemi charges Catholic women to go MAD

1
Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

September 11, 2025
Ademola Lookman: Premier League top side ready ₦40 billion January bid

Ademola Lookman: Premier League top side ready ₦40 billion January bid

September 11, 2025
Benin Republic appeals to CAF to deduct SA points

Benin Republic appeals to CAF to deduct SA points

September 11, 2025
Equities market extends bullish trend by 0.41%

Equities market extends bullish trend by 0.41%

September 11, 2025

Recent News

Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

September 11, 2025
Ademola Lookman: Premier League top side ready ₦40 billion January bid

Ademola Lookman: Premier League top side ready ₦40 billion January bid

September 11, 2025
Benin Republic appeals to CAF to deduct SA points

Benin Republic appeals to CAF to deduct SA points

September 11, 2025
Equities market extends bullish trend by 0.41%

Equities market extends bullish trend by 0.41%

September 11, 2025
Envision Nigeria

Envisionnigeria. com.ng is an on-line publication established to give expression to Article 19 of the Universal Declaration of Human Right. It is an apolitical community of Journalist and Global citizens committed to making the World a better place.

Follow Us

Browse by Category

  • Apps
  • Business
  • Crime
  • Culture
  • Education
  • Entertainment
  • Evironment
  • Fashion
  • Feature
  • Food
  • Foreign News
  • Gadget
  • Gaming
  • Health
  • In the News
  • Interview
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Politics
  • Review
  • Science
  • Sports
  • Startup
  • Tech
  • Travel
  • World

Recent News

Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

September 11, 2025
Ademola Lookman: Premier League top side ready ₦40 billion January bid

Ademola Lookman: Premier League top side ready ₦40 billion January bid

September 11, 2025
  • About us
  • Advertise with us
  • Privacy Policy
  • Contact us

© 2024 Envision Nigeria Publications & Communication Limited

No Result
View All Result

© 2024 Envision Nigeria Publications & Communication Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In