As part of efforts to create awareness, educate and contribute to national public discourse on trending Tax Reforms, the Ogun State Internal Revenue Service (OGIRS), has taken a spotlight at a public lecture in order to provide authoritative clarification, build trust as well as reassure taxpayers with facts rather than speculations.

These crucial facts and assurances surrounding the tax reforms were revealed by the Executive Chairman (OGIRS), Mr. Olugbenga Olaleye, during the maiden public lecture themed: ‘Nigerian Tax Reforms Acts 2025: Focus on Personal Income Taxation at the Department of Accounting, Otunba Gbenga Daniel (OGD) Hall, Olabisi Onabanjo University, Ago-Iwoye.

Represented by the Coordinating Director, OGIRS, Mr. Taiwo Ogundimu, the Chairman, explained that in June 2025, President Bola Ahmed Tinubu signed into law four transformative tax reform Acts which were, Nigeria Tax Act (NTA), Nigeria Tax Administration Act (NTAA), Nigeria Revenue Service Act (NRSA) and Joint Revenue Board Act (JRBA), saying these reforms marked the most ambitious overhaul of Nigeria’s fiscal framework in decades, aiming to simplify tax laws, expand the tax base as well as modernise compliance, promising a more transparent and equitable tax environment.

He revealed that the objectives of the new tax reforms were to align tax policy and enhance administrative efficiency as well as compliance, noting that the new tax law would support low-and-middle income earners through targeted reliefs.

‘’Tax Reform Acts 2025 marked a turning point for Nigeria’s tax policy, with a clearer, more progressive personal income tax system," he said.

Earlier, Vice Chancellor (OOU), Prof. Ayodeji Agboola, commended the organisers, that the institution is now fully digitalised, encouraging participants to share their thoughts on any topic discussed to gain more knowledge.

Also speaking, Dean Faculty of Management Sciences, Prof. Muse Solanke, welcomed everyone who graced the remarkable occasion, saying the event was a significant milestone to gain knowledge from taxation, hinting that the discussants would shed more light on the tax reforms and bail individuals out of the fear of unknown as far as the new tax law is concerned, encouraging participants to listen and ask questions in order to know more about taxation.

On his part, Guest Speaker, Managing Director and Chief Executive Officer, (MD/CEO), Integrated Consultancy Management and Accountancy (ICMA) Professional Services, Alhaji Lukman Buari, said the new tax reforms was necessary due to the broken tax system we had before in the country, pointing out that the purpose of the new tax laws was to simplify the tax system in Nigeria, emphasising that not all income are taxable which include; loans, transfers, reimbursements, among others, advising taxpayers to know their rights, keep simple records, not relying on misconceptions and most importantly, be awaken to their civic responsibilities.