The Abuja Chamber of Commerce and Industry (ACCI) has said Nigeria’s newly enacted tax reforms will eliminate multiple taxation, improve transparency, and create a more business-friendly revenue system that enhances competitiveness.
ACCI President, Chief Emeka Obegolu, stated this on Tuesday during the Abuja Business Tax Roundtable 2025, a high-level forum for business leaders and experts themed “Demystifying the New Tax Laws” attended and monitored by Fintechinsights correspondent.
Obegolu said the Chamber, in collaboration with key stakeholders, organized the event to deepen understanding of Nigeria’s tax reforms set to take effect on January 1, 2026, and to address concerns from businesses ahead of the transition.
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According to him, President Bola Tinubu recently signed four landmark tax bills designed to modernize tax administration, harmonize processes and eliminate multiple taxation. The bills include:
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Nigeria Tax Bill (Ease of Doing Business)
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Nigeria Tax Administration Bill
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Nigeria Revenue Service (Establishment) Bill
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Joint Revenue Board (Establishment) Bill
“These laws represent a bold restructuring of our national tax system,” Obegolu said, noting that many businesses still require clarity on compliance obligations, operational adjustments and transition procedures.
He explained that the roundtable would answer critical questions raised by MSMEs, startups, corporate organisations and professional service firms across the FCT. Discussions focused on private sector readiness, digital taxation, compliance innovations, and the structure of the 2026 fiscal framework.
A communiqué from the meeting will guide ACCI’s advocacy efforts and strengthen public understanding as the nation prepares for full implementation of the reforms.
The ACCI President reaffirmed the Chamber’s commitment to promoting policy transparency, continuous enlightenment and an investment-friendly fiscal environment.
Representing FIRS Chairman Dr. Zacch Adedeji, Mr. Victor Kajesomo said the reforms are designed to support businesses especially smaller firms through incentives like zero per cent income tax, capital gains tax exemptions and loss-offsetting provisions. He described the reforms as “a bridge to a stronger and more effective economy.”
ACCI Director-General Agabaidu Jideani added that the reforms aim to expand Nigeria’s revenue base, reduce inefficiencies and create a predictable tax environment conducive to investment.
Stakeholders including Ferrato Industry Ltd, International Health Management Services Ltd, Abuja Enterprise Agency, and FIRS were acknowledged for supporting the event.
Also speaking, Michael Ango, Executive Chairman of FCT-IRS (represented by Mrs. Nneka Nwachukwu), said modernising tax administration would ease business operations, encourage voluntary compliance and attract investment.
Chairperson of ACCI Women-in-Business, Mrs. Chioma Njoku, highlighted that the reforms offer major gains for women entrepreneurs, especially through widened tax-exempt thresholds and expanded definitions for small companies. She urged gender-responsive implementation to ensure women in rural and informal sectors also benefit.
