Business
NRS Boss Zacch Adedeji Highlights Technology in Nigeria’s Tax Reforms
Zacch Adedeji stresses technology’s role in implementing Nigeria’s new tax laws, highlighting digital systems as central to fair and efficient tax administration
At the inaugural convocation lecture of the Federal Polytechnic, Ayede, Zacch Adedeji, Executive Chairman of the Nigerian Revenue Service (NRS), emphasised the critical role of technology in implementing Nigeria’s newly enacted tax laws.
Also read: The Taxman: Dr. Zacch Adedeji at 48 — His Revolution for Nigerian Taxes
The lecture, titled “The Role of Technology in Implementing Nigeria’s New Tax Laws: Challenges, Prospects, and Implications for National Development,” was held at the institution in Ogo-Oluwa Local Government Area.
In a statement released by his Technical Assistant, Sikiru Akinola, Adedeji outlined key challenges confronting tax administration, including inadequate infrastructure, limited skills, low trust, and widespread resistance.
He noted that these obstacles would be addressed through the digitisation of Nigeria’s tax system.
“Nigeria has recently enacted a new set of tax laws, representing the most significant restructuring of our nation’s fiscal legislation in 50 years,” Adedeji said.
He explained that the laws are designed to operate in a digital environment, requiring reliable taxpayer identification, integrated institutional data, traceable transactions, automated processes, and scalable enforcement.
Adedeji stressed that technology is central to reducing human discretion, improving compliance, and expanding the tax base without raising rates.
“By improving visibility and bringing previously unseen economic activity into view, technology levels the playing field,” he said.
Other dignitaries at the lecture included Speaker of the House of Representatives, Tajudeen Abbas, represented by Senator AbdulFatai Buhari, who encouraged graduates to be ambassadors of the institution.
Also read: The Revolution of Tax Reform by Zacch Adedeji
Yakubu Datti, chairman of the governing council, praised Adedeji’s leadership in re-engineering Nigeria’s tax system, while Rector Dr Taofeek Abdul-Hameed highlighted Adedeji’s inspiring journey from polytechnic education.
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
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