Joseph Tegbe says Nigerian Tax Reform Acts 2025 will boost growth, protect low earners, and modernise tax administration
Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee, has highlighted the Nigerian Tax Reform Acts 2025 as a decisive step towards building a robust and sustainable economy.
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Tegbe made the remarks in an article published in several national newspapers, where he described the new tax laws as a comprehensive overhaul of Nigeria’s fiscal architecture.
He said the reforms aim to create a modern, efficient, and transparent tax system that supports growth and shared prosperity.
According to Tegbe, who also serves as Director General of the Nigeria China Strategic Partnership, the Nigerian Tax Reform Acts 2025 rest on four core pillars.
These include reconnecting the economy to the state, modernising fiscal administration, improving predictability, and rebalancing the fiscal social contract.
He said broadening the tax net, simplifying rules, and strengthening administration would create a more predictable environment for businesses and households.
Tegbe noted that such stability is critical for long-term economic planning and investment.
Drawing from global best practices, Tegbe referenced South Korea, Singapore, and Rwanda as examples where effective tax reforms accelerated development.
He said strong institutions and disciplined implementation were central to their success.
Tegbe stressed that the reforms prioritise protection for low-income earners and small businesses.
He said individuals earning up to ₦800,000 would face zero income tax, while more goods and services in healthcare, education, and agriculture would enjoy zero-rated VAT.
He added that removing the tax burden from vulnerable groups would preserve livelihoods, encourage formal participation, and allow small enterprises to grow organically.
The NTPIC chairman also highlighted the emphasis on digitalisation, including the introduction of e-invoicing to improve compliance, transparency, and efficiency.
He described the move as a powerful step towards a technology-driven tax system.
Tegbe cautioned that successful outcomes depend on careful implementation and sustained stakeholder engagement.
He said continuous public education would ensure clarity and trust in the reforms.
He expressed confidence that the Nigerian Tax Reform Acts 2025 would stabilise the fiscal environment, support production, attract foreign investment, and create jobs.
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Tegbe said the reforms would also enhance Nigeria’s ease of doing business and unlock new opportunities across the economy
David Okere is a journalist and contributor to Freelanews.com, covering business, governance, public affairs, and human-interest stories with a commitment to accuracy, balance, and public interest reporting.
