The Lagos Chamber of Commerce and Industry (LCCI) has called for effective and transparent implementation of the Nigeria Tax Reform Act 2025, stressing that legislation alone would not guarantee inclusive prosperity.
Speaking at a tax policy forum, LCCI President, Gabriel Idahosa, described the Act — which introduces digital taxation, unified filing systems, and incentives for green and export-oriented industries — as a “bold opportunity to strengthen the social contract.” He, however, warned that collaborative execution was essential to achieving its objectives.
Idahosa urged stakeholders to interrogate how the new provisions, particularly the Investment and Export Incentive Schemes, would be administered to spur industrialisation rather than provide avenues for abuse. He also called for institutionalising efficient dispute-resolution mechanisms through the Tax Appeal Tribunal to prevent disagreements from crippling businesses.
He commended the Federal Inland Revenue Service (FIRS) and Lagos State Internal Revenue Service (LIRS) for their progress in digitalising compliance, unifying Tax Identification Numbers, and promoting greater transparency in revenue reporting. These initiatives, he noted, align with the Act’s emphasis on technology-driven tax administration.
“As commerce becomes more digital, cross-border, and innovation-intensive, the tax environment must remain adaptive,” Idahosa said, adding that the private sector’s frontline experience offered practical insights into reducing friction and maximising growth.
He stressed that taxation works best when taxpayers see visible value, noting that while the Act makes provisions for enhanced accountability, Nigerians must experience tangible improvements in infrastructure, public services, and governance.
