Tinubu Opens New 16-Story Revenue Service NRS Corporate Hqs, Says Nigerians Will Prosper More With New Tax Laws
President Bola Ahmed Tinubu has commissioned the new corporate headquarters of the Nigeria Revenue Service NRS in Abuja.
Constructed by China Civil Engineering and Construction Company, the NRS headquarters has 16 floors and three towers, with capacity for 3,000 employees.
The event on Tuesday marked the transition from the Federal Inland Revenue Service FIRS to the newly restructured NRS.
Tinubu, while addressing guests in a video of the unveiling shared by his Special Assistant on Social Media, Dada Olusegun, hailed the agency’s performance and formally declared the building open.
The President cut the ribbon, flanked by the Chairman of the Nigeria Revenue Service, Zacch Adedeji, Speaker of the House of Representatives, Abbas Tajudeen, Senate President Godswill Akpabio, and the Minister of the Federal Capital Territory, Nyesom Wike, among other government officials.
Tinubu then moved to read the commemorative plaque.
He said, “The corporate headquarters of the Nigeria Revenue Service was commissioned on the 14th day of April 2026 by His Excellency, Asiwaju Bola Ahmed Tinubu, President of the Federal Republic of Nigeria. This edifice stands as a lasting symbol of integrity.”
At the occasion, Tinubu said that colonial-era tax laws contributed to economic hardship in Nigeria, as they were filled with fragmentation, multiplicity and inconsistencies in the old fiscal framework weakened national prosperity.
In a statement titled,” Old tax laws made Nigerians poor, new systems will create opportunities and prosperity, says President Tinubu”, signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy on Tuesday.
He said the new tax reforms introduced by his administration are designed to create a more inclusive, investment-friendly and people-centred system that will drive long-term economic growth.
According to the President, the new tax system, which became fully operational in January, was introduced to replace outdated colonial structures and strengthen Nigeria’s fiscal foundation.
“On my inauguration day, I made a solemn pledge that we will move Nigerians from the dimness of uncertainty into the clear light of renewed hope. I committed to confronting structural weaknesses, restoring financial stability, and building an economy anchored in discipline, equity, and opportunity.
[i]“Today, I stand before you to reaffirm that these words were not rhetoric; they were a covenant with the Nigerian people,” Tinubu said.
He described the new reforms as a deliberate effort to build a transparent and efficient revenue system capable of supporting national development and restoring public trust in government institutions.
The President commended the Executive Chairman of the NRS, Dr Zacch Adedeji, for delivering the new headquarters within 30 months, noting that the building would house about 3,000 staff alongside modern facilities including a data processing centre, clinic, auditorium, training rooms, a gym and a library.
Tinubu added that no nation can achieve sustainable prosperity with a weak or fragmented revenue system, stressing that his administration chose “far-reaching tax and fiscal reforms” to correct long-standing inefficiencies.
He also praised the Minister of State for Finance, Taiwo Oyedele, for his role in modernising the tax framework.
Addressing concerns about the reforms, Tinubu said the system was designed to simplify taxation, eliminate distortions, and promote fairness while protecting vulnerable Nigerians.
“The reforms are designed to simplify our system, eliminate distortions and create a fair, transparent and investment-friendly environment. Our direction is clear: to have a revenue system that rewards enterprise, supports growth, and ensures that every contribution to the national cause is matched by feasible value for the people,” he said.
He added that early results from the reforms were already visible in improved fiscal stability, stronger foreign reserves and increased investor confidence.
Senate President Akpabio, on the occasion, begged Nigerians to be patient with the administration, saying economic reforms were beginning to yield positive outcomes, particularly in fuel supply stability.
Speaker Tajudeen Abbas also praised the reforms, noting that Nigeria’s previous tax system suffered from fragmentation and overlapping mandates that reduced efficiency.
Executive Chairman of the NRS, Zacch Adedeji, described the reforms as one of the most significant in Nigeria’s fiscal history, noting that over 60 tax laws had been streamlined into a single framework.
