AIESEC Nigeria Alumni, in collaboration with former FIRS Executive Chairman Ifueko Omoigui Okauru, has urged Nigerians, individuals, businesses and households to urgently familiarise themselves with the country’s new tax laws ahead of their implementation in January 2026.
Speaking at the AIESEC Alumni Nigeria National Congress in Lagos, Okauru warned that ignorance of the consolidated tax legislation could expose families and firms to severe compliance risks.
She emphasised that Nigeria had, for the first time in decades, harmonised its tax framework into a central system after President Bola Tinubu signed four major tax reform bills on 26 June 2025: Nigeria Tax Act 2025; Nigeria Tax Administration Act 2025; Nigeria Revenue Service (Establishment) Act 2025 and Joint Revenue Board (Establishment) Act 2025.
The aim is to streamline taxes, eliminate multiplicity of levies and modernise the national tax regime.
Okauru said many businesses still rely on outdated tax codes:
“People expect information, but they have not read the laws. Some still refer to the original Act without realising it has changed.”
She advised companies and households to invest in skilled tax professionals, hold in-house training sessions, and maintain proper financial records.
“Tax needs evidence. Keep your receipts. Documentation is essential,” she stressed.
Okauru noted that the new system touches every segment — individuals, NGOs, SMEs and corporations — and must be understood in order to avoid misinformation and fearmongering.
She also called for early-stage tax education:
“We should teach taxes from primary school.”