x

Governor Ododo Signs Two Revenue Bills to Align Kogi State with Nigeria’s New Tax Reform Acts

By Noah Ocheni, Lokoja

The Kogi State Government has officially domesticated Nigeria’s new Tax Reform Acts, effective January 1, 2026, following the signing of two key revenue bills by Governor Alhaji Ahmed Usman Ododo.The bills—Kogi State Internal Revenue Service (Establishment) Law, 2025 and Kogi State Taxes and Levies (Approved List for Collection) Law, 2025—are designed to harmonize the state’s tax system with the Federal Government’s reforms, enhance transparency, and boost economic growth.Speaking on the development, Governor Ododo highlighted that the laws aim to simplify tax administration, attract investment, and ensure a more efficient revenue collection process.“The domestication of these laws will strengthen our revenue base, improve compliance, and support economic development across Kogi State,” the governor said.

Key benefits of the new tax reforms include exemptions for low-income earners earning below N800,000 annually, encouraging wider participation in the formal economy without increasing tax burdens.The reforms also promise to attract investment by reducing compliance costs and simplifying tax processes for businesses operating within the state. Additionally, the digitalization of tax administration is expected to limit human interference, promote accountability, and improve efficiency.

Governor Ododo emphasized that the primary goal of these laws is to support structural adjustments, harmonize tax administration across government levels, and safeguard taxpayers’ dignity, rather than increase tax obligations.The move aligns Kogi State with Nigeria’s broader tax reform agenda, which seeks to enhance revenue mobilization while ensuring fairness and transparency.

Officials say that the implementation of these laws will pave the way for a modern, technology-driven tax system capable of meeting the state’s development needs. By adopting the reforms early, Kogi State positions itself to maximize the economic benefits of the Federal Government’s tax policies while strengthening its fiscal autonomy.

Hot this week

Dangote Refinery Supplies 92% of Nigeria’s Petrol as FG Halts Imports

The Nigerian Midstream and Downstream Petroleum Regulatory Authority says...

Lagos Launches Online Pre-Marital Course for Pastors, Imams, Counsellors

The Lagos State Domestic and Sexual Violence Agency (DSVA)...

Uba Sani Urges Journalists to Remain Vigilant Against Threats to Democracy

By Achadu Gabriel, KadunaKaduna State Governor, Senator Uba...

BREAKING: CAF Postpones 2026 WAFCON to July–August

The Confederation of African Football has postponed the 2026...

US Spent $11bn on Iran War in First Six Days – Report

The United States spent more than $11.3 billion during...

Senator Nora Daduut Congratulates Plateau Governor Caleb Mutfwang on 61st Birthday

By Golok Nanmwa, JosSenator Prof. Nora Ladi Daduut, Nigeria’s...

Rainstorm Destroys Over 40 Houses, Churches in Kogi Community

From Noah Ocheni, LokojaResidents of Egbeda Egga community...

‘No Man Feels Complete When a Woman Is Feeding Him’ — Eucharia Anunobi

Veteran Nollywood actress Eucharia Anunobi has sparked debate on...

BBNaija Star Ilebaye Undergoes Face And Nose Rejuvenation For Youthful Look

Reality TV personality Ilebaye Odiniya has revealed she recently...

Court Allows PDP Factions Settle Convention Dispute Out of Court

The Court of Appeal sitting in Ibadan, Oyo State,...

Dangote Refinery Supplies 92% of Nigeria’s Petrol as FG Halts Imports

The Nigerian Midstream and Downstream Petroleum Regulatory Authority says...

Related Articles

Popular Categories

spot_imgspot_img