Connect with us

Opinion

The Revolution of Tax Reform by Zacch Adedeji

Published

on

By Seun Oloketuyi

adron lemon friday

In the turbulent tide of Nigeria’s economic history, few reforms have stirred both anticipation and anxiety like the 2025 tax revolution — a bold and uncompromising reimagination of the country’s fiscal framework. At the helm of this seismic shift stands Zacch Adedeji — not just a reformer, but the architect of a new tax era, quietly redrawing the lines of Nigeria’s economic destiny.

For decades, Nigeria’s tax system has been marred by inefficiency, distrust, and dysfunction. At the federal level, the Federal Inland Revenue Service (FIRS) operated as the government’s main tax collection agency, burdened by overlapping mandates, poor technological infrastructure, and a public perception of corruption and intimidation. While businesses struggled under multiple and unpredictable levies, citizens remained skeptical — and in many cases, completely disengaged from the tax ecosystem. With a tax-to-GDP ratio hovering embarrassingly around 6 percent — far below the African average — Nigeria’s fiscal foundation was both weak and unsustainable.

Then came 2025.

In what will undoubtedly be remembered as one of the boldest fiscal restructurings in the nation’s history, President Bola Tinubu, guided by the strategic brainwork of Adedeji, signed into law a comprehensive package of reforms that did not merely patch up old wounds but fundamentally rewrote the anatomy of tax administration in Nigeria. On June 26, 2025, the FIRS — once the colossus of tax collection — was legislatively dissolved. In its place emerged a new body, the Nigeria Revenue Service (NRS), designed from the ground up to reflect autonomy, accountability, and modernity.

But this reform was never just about replacing an agency. It was a complete ideological realignment. Where FIRS was a gatekeeper, the NRS is a facilitator. Where the former enforced compliance through coercion and opacity, the latter aims to cultivate a culture of voluntary participation, supported by digitization, transparency, and a renewed sense of civic duty.

Zacch Adedeji’s role in this transformation cannot be overstated. A Harvard-trained economist and former Commissioner for Finance in Oyo State, he is no stranger to structural reform. But what he has orchestrated at the federal level is nothing short of revolutionary. Under his leadership, tax reform has moved from policy abstraction to lived reality. He has not only dismantled the old machine — he has engineered a new one, and taught it how to breathe.

Adedeji’s reform ethos is anchored on equity and simplicity. Gone are the days when business owners were subjected to arbitrary taxes from overlapping authorities. The new regime harmonizes previously fragmented laws into a single, clear framework, while also establishing digital platforms that remove the need for physical interaction with tax officials — a breeding ground for corruption in the past. Under the NRS, filing and paying taxes is no longer a murky maze but a predictable, transparent process.

Yet the reforms go deeper still. For the first time, Nigeria’s tax structure acknowledges the need for citizens to have a voice. With the creation of the Tax Ombudsman and an independent Tax Appeal Tribunal, individuals and businesses now have formal channels to challenge, appeal, and resolve tax disputes without fear or undue pressure. These are not merely cosmetic additions. They represent a philosophical shift — from tax as oppression to tax as dialogue.

Unsurprisingly, not everyone welcomed the revolution. Resistance was loudest from within Nigeria’s political structure itself. In particular, governors from the northern region, notably those from the Hausa-Fulani bloc, raised concerns that the proposed reforms — especially the redistribution model for Value Added Tax (VAT) — would place their states at a disadvantage. There were debates, walkouts, and threats of constitutional confrontation. But the reforms were designed not to favour one region over another, but to bring uniformity and fairness to a system that had long been used as a political weapon.

What ultimately broke the resistance was Adedeji’s insistence on data, not drama. Backed by empirical evidence, he demonstrated how the current system penalised productivity and entrenched inefficiency, and how the new model — if embraced — would expand the national purse in a way that lifted all boats. He made it clear: this wasn’t a Lagos-centric agenda. It was a Nigerian one.

Now, the focus shifts to implementation — the Achilles heel of Nigerian policy history. Can the NRS live up to its potential? Will transparency hold, or will old habits crawl back in through new cracks? These are legitimate questions. But for the first time in a long time, there is a sense that something fundamentally different is taking shape. That the ground beneath Nigeria’s economy is no longer shifting from crisis to crisis but stabilizing into something firmer — a structure built not on oil receipts or international loans, but on the shared contribution of its own people.

It is important to remember that tax reform, no matter how technical or sweeping, is ultimately about trust. Governments tax because they must, but citizens pay because they believe — or at least hope — that what they give up will return to them in the form of roads, schools, hospitals, and peace of mind. For years, that trust was broken. Today, it is being painstakingly rebuilt — not through rhetoric, but through law, logic, and leadership.

Zacch Adedeji has not just led a reform. He has sparked a revolution. And if Nigeria sees it through — if it nurtures the culture this reform intends to plant — then perhaps the history books will look back at 2025 not just as the year Nigeria changed its tax laws, but the year Nigeria changed its destiny.

44 / 100 SEO Score

News

Bolawole Questions Nigeria’s Democratic Future

Published

on

Bolawoe

Bola Bolawole questions Nigeria’s democratic future, citing poverty, illiteracy, corruption and political rivalry as obstacles to credible elections

adron lemon friday

(more…)

72 / 100 SEO Score
Continue Reading

Opinion

Why Nigeria needs the All-Nigeria Rotary Peace Summit

Published

on

Rotary

 The All-Nigeria Rotary Peace Summit will examine how good governance, justice and equity can help Nigeria build lasting peace

(more…)

adron lemon friday

62 / 100 SEO Score
Continue Reading

Opinion

Convocating a Galaxy of Stars in a Troubled World

Published

on

The above title is a combination of the theme of the 5th convocation ceremony of Trinity University, Yaba, Lagos, and the title of its convocation lecture delivered by Professor Bode Ayorinde. The Vice-Chancellor, Professor Clement Olusegun O. Kolawole, had kicked off the convocation activities on Monday, 12 October 2026, with a press conference, followed by other week-long activities which included the presentation of its Nursing Science and Medical Laboratory Science graduates for induction into the Nursing and Midwifery Council of Nigeria and the Medical Laboratory Science Council of Nigeria respectively.

adron lemon friday

From a private university that started with just nine pioneering students in 2019, Trinity University graduated a total of 323 students across various disciplines penultimate week, with 79 of them achieving First Class honours, two of whom got a perfect 5.0 Cumulative Grade Point Average (CGPA).

I wish every graduating student from Nigerian universities — private as well as public — had the opportunity to listen to Ayorinde’s convocation lecture titled “Navigating the Troubled World: Understanding the World, Confronting Its Troubles, and Equipping the Next Generation for Survival and Significance”, which was delivered on Thursday, 15 October 2026. A one-time member of the House of Representatives, Ayorinde is the Pro-Chancellor and Chairman of Council of Achievers University, Owo, Ondo State.

He started by saying he chose the word “navigating” deliberately because “a navigator does not simply react to events but studies the terrain, knows the direction of travel, spots the dangers, chooses a route, adjusts as conditions change, and keeps the destination in view.” According to him, the navigator must learn to “navigate a world of extraordinary opportunities and formidable challenges. It is a world of great scientific achievements and of persistent human suffering. Information is abundant, yet truth and wisdom are scarce. Communication has become instant but human beings have not necessarily become more understanding.”

To successfully make this journey, Ayorinde counselled that we must learn not to lose faith, integrity and sense of purpose. “The world is not merely a troubled place to be endured. It is a complex human environment to be understood, navigated and, where possible, transformed. Its troubles come from human choices, failing institutions, economic pressure, technological disruption, damage to the environment and spiritual disorientation.

They differ from country to country, from one person to another, and from one state to the next. Here in Nigeria, we face serious problems of security and welfare, and the opportunities for survival, let alone prosperity, are limited.” Hearing these, I sighed!

Our World Is Complex

Ayorinde then admonished that as graduates of a Christian university, their task is threefold. “First, to understand the world as it is. Second, to develop the competence and character to survive in it. Third, to use your education and faith to make it better.” He therefore built his lecture around three questions: What is the world we live in made of? What has made it troubled? How can we navigate this world and still shine?

Ayorinde divided the world into the physical and natural world (made up of land, water, air, forests, minerals, oceans, plants, animals, and the ecosystems which sustain life and which we depend on for food, shelter, energy, medicine, transport and industry); the human world or “the world of people”, as he called it; the political and institutional world (made up of governments, constitutions, courts, legislatures, regulatory authorities, international and business organisations — all of which are the bodies through which society exercises authority); and the economic and financial world (responsible for the production of goods and services, trade, employment and investment, together with banking, insurance, taxation, public finance and the distribution of resources — which all of us take part in, whether as workers, entrepreneurs or consumers).

He then charged the graduates that “understanding the economic world is essential. A degree gives you academic knowledge but financial literacy teaches you how to earn, save and invest.”

The other “worlds” that he listed include the scientific and technological world, and the question for the fresh graduates, he said, “is not whether technology will affect your life. It will. The question is whether you will understand it well enough to benefit from it and to manage its risks”; the cultural and moral world or the “world of values” where the role of education is not only to sharpen the intellect but also to “free the mind and equip the learner to weigh the values of the world around them before making choices”; and the international and interconnected world where, whereas nations are “separated by oceans and man-made barriers… yet nations are bound together by trade, finance, migration, technology, diplomacy, security arrangements and environmental systems. No nation lives in complete isolation.”

In clear reference to the Strait of Hormuz debacle, Ayorinde said “a conflict thousands of kilometres away can change the price of fuel in Nigeria.” While an interconnected world “creates room for cooperation and prosperity, it also lets shocks cross borders quickly”; as a result of which he counselled that we need to “understand the world beyond our immediate surroundings.”

Finally, he spoke of the spiritual world and described human beings as “moral and spiritual beings searching for identity, belonging and purpose in the world we live in… Rightly understood, spirituality does not pull us away from the problems of society. It strengthens our resolve to face them.”

Ayorinde then described the world in which we live as troubled, but added that this is nothing new. “Every generation has faced wars, whether local, national, regional or global, as well as disease, economic hardship, social tension and uncertainty. What sets our time apart is the speed, scale and interconnectivity of many of these challenges.”

Wars, geo-political rivalries and insecurity; poverty, unemployment and economic insecurity; inflation, indebtedness and rising cost of living; climate change and environmental degradation; misinformation, social division and the crisis of truth; loneliness, mental pressure and the crisis of meaning; the crisis of values and loss of purpose; and the crisis of drug abuse were some of the other “troubles” of our world that Ayorinde painted in a picture that troubles the soul.

Describing the rate of drug abuse, particularly among our youth, as “sobering”, he said the country’s first national drug use survey carried out in 2018 with the support of the United Nations Office on Drugs and Crime “found that 14.4 per cent of Nigerians aged 15 to 64 had used a psychoactive substance other than alcohol and tobacco in the previous year.” That, I dare to say, must be stale news! The figures must be far higher by now. He then advised that the National Drug Law Enforcement Agency be invited to talk to students on the adverse effects of drug abuse.

Adding Value to Degrees and Certificates

Ayorinde admonished that whereas university degrees remain valuable, they may no longer be enough.

“You must understand the community, the state, the country and the world in which you intend to live and prosper.” So the question for a university graduate is not just “Where can I find a job?” but “What problem can I solve? What value can I create? What can I contribute to national development?” You must also accept this basic fact that despite all the challenges the world faces, honest people still survive, and they go beyond survival to achieve significance.

So today’s graduating students should endeavour to anchor their lives in enduring values, be financially literate, use technology with judgement, look after themselves (health is wealth), expect disappointments and setbacks (tough times never last but tough people do), stay honest under pressure, live for others, and work hard. While Ayorinde stressed survival instincts, he insisted that this should not be seen as the ultimate. “We should aspire to be significant,” he added.

“The future is not shaped only by presidents, governors, chief executives or global institutions. It is also shaped by the decisions of ordinary people who choose to act responsibly. You may not all become famous. You may not all hold public office, build large businesses or become wealthy. But every one of you can become a person of integrity, competence and positive influence, and that is a worthy ambition.”

Yes, it is! You can guess that I thoroughly enjoyed the lecture, the opportunity cost of which was foregoing some other equally important engagements.

Appeal to the FG

The convocation ceremony took place the next day, Friday, 16 October 2026. In attendance were the university’s Chancellor, Dr Samuel Adedoyin, OFR, and his wife; Pro-Chancellor and Chairman of Council, Pastor Samuel O. Olatunji; the Executive Secretary of the National Universities Commission (NUC) was represented; members of the Board of Trustees and of the Governing Council; the Vice-Chancellor and principal officers of the university, Senate members, representatives of sister institutions, staff, students and invited guests.

In his address, the Vice-Chancellor explained why the university was holding two convocation ceremonies within one year. “The Governing Council of the university approved management’s recommendation to bring the convocation ceremony… near the calendar year that the students conclude their programmes of study and, thus, release them for the mandatory national youth service, their admission into foreign universities, which take them far and near, and prevent a situation where only a few of the students concerned show up, particularly after they have participated enthusiastically in their professional induction ceremonies, which usually take place before the convocation ceremony itself.”

Congratulating the graduating students, Kolawole said they had been found worthy of both learning and character, warning that no one who falls short in any of the two would be awarded the university’s honours.

The university has come a long way, he said, reeling out achievements which include increased staffing, additional classrooms, laboratories, offices and hostel facilities. “The Governing Council approved the promotion of Dr Christiana Modupe-Ade Adetunji to the rank of Professor, the first in the history of the university. In addition, five other academic members of staff are currently being processed for elevation to the professorial rank, and we trust that the process will be completed soon.”

Kolawole also disclosed that three academic programmes have been added to the programmes on offer in the university; all courses are accredited by the relevant professional bodies; the Senate of the university also recently approved the establishment of another Faculty to increase the number to four. The university has also taken interest in ensuring that its students have skills that can help them to be gainfully employed when they graduate, thereby making skills acquisition a compulsory part of its curriculum.

Kolawole did not end his speech before appealing to the Federal Government to allow “students in private universities and institutions… to benefit from the innovative financial support that those in public institutions enjoy under NELFUND. Similarly, private institutions and their workforce should also benefit from the support of TETFund because they are Nigerians who should not be discriminated against simply because they are studying or working in private institutions.”

Well said!

50 / 100 SEO Score
Continue Reading

Trending News