Olusegun Adesokan: 92% of Taxpayers Pay Zero or Lower Taxes Under New Act.
Olusegun Adesokan, on Wednesday declared that the implementation of the new tax regime had yielded early fruits with a 27 per cent increase in tax revenue from 23 states in the first half of the year (H1 2026), compared to the corresponding period of 2025.
Adesokan said the performance reflected a shift towards bringing more high-income earners into the tax net while reducing the burden on lower-income taxpayers.
The JRB boss spoke during an engagement with journalists in Abuja.
He said the reform was also beginning to improve revenue administration through the harmonisation of taxes and levies, introduction of a National Tax Identification system, and closer coordination among federal and state tax authorities. Adesokan said 21 states had adopted the harmonised taxes and levies legislation as of October 27, with the National Economic Council (NEC) identifying the initiative as one of its priorities for implementation within a 90-day action plan. The figures provide an early indication of the reform’s potential to improve domestic revenue mobilisation without imposing additional tax burdens on low-income households and businesses. the board acknowledged that multiple taxation, unauthorised collections, and confusion over legitimate government charges remained a challenge.
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