Federal Government targets streamlined taxation, economic growth, and transparency as 5,900 young entrepreneurs graduate under MTN Foundation’s training programme…..
At least 12 Nigerian states have formally enacted the Tax Harmonisation Law, marking a significant milestone in the Federal Government’s ongoing efforts to modernise the country’s fiscal framework, the Minister of State for Finance Designate, Taiwo Oyedele, has revealed.
Oyedele made the disclosure during the graduation ceremony of 5,900 young entrepreneurs trained by the MTN Foundation in entrepreneurship, business development, and innovation.
The Tax Harmonisation Law is a cornerstone of the Federal Government’s broader tax reform agenda, designed to simplify taxation, protect taxpayers, and create a fairer, more transparent system across all levels of government.
“The States Tax Harmonisation Law is aimed at eliminating nuisance taxes, preventing harassment of citizens, simplifying tax procedures, and protecting taxpayers’ rights,” Oyedele said. “Transparency, fiscal discipline, accountability, and responsibility are essential pillars of an effective tax system.”
States at different stages of implementation
According to the minister, 13 additional states have already presented the bill before their respective Houses of Assembly, while others are at varying stages of implementation. These efforts signal growing alignment between sub-national governments and the Federal Government’s tax reform programme.
Back in December, Anambra State became the third state to adopt a harmonised tax framework, shortly after Zamfara State passed a similar law. Earlier, Ekiti State approved its Revenue Administration Law, while Jigawa, Plateau, Kogi, Nasarawa, and Kwara also began domesticating the reforms.
Empowering entrepreneurs
Addressing the graduates, Oyedele urged them to think big and capitalise on Nigeria’s vast economic opportunities. He highlighted financial discipline, proper record-keeping, brand trust, and value creation as critical tools for building sustainable businesses.
“These young entrepreneurs represent the future of Nigeria’s economy. By combining innovation with financial responsibility, they can create long-term value for themselves and their communities,” he added.
Tax reforms and revenue targets
Last month, the Nigeria Revenue Service (NRS) projected that the new reforms could enable it to collect ₦40.7 trillion in taxes and royalties in 2026, a significant increase from the ₦28.23 trillion recorded in 2025.
The NRS Executive Chairman, Zach Adedeji, attributed the higher target to the harmonised system, which consolidates petroleum revenues and mineral royalties under the NRS, improving collection efficiency. In 2025, the agency exceeded its ₦25.2 trillion target by achieving ₦28.23 trillion, underscoring the potential impact of the ongoing reforms.
The coordinated rollout of the Tax Harmonisation Law across multiple states reflects the Federal Government’s determination to streamline taxation, attract investment, and create a more business-friendly environment. It also signals a shift away from fragmented revenue collection practices that have historically complicated compliance for businesses and citizens alike.
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