FG bans roadblock tax collection nationwide

The Joint Revenue Board (JRB) has banned the use of roadblocks for tax collection across Nigeria, unveiling this measure as part of the new Presumptive Tax Regulations introduced by Finance and Coordinating Minister of the Economy, Wale Edun.

JRB Executive Secretary Olusegun Adesokan explained that the regulations provide a unified framework for tax collection, aiming to prevent disruption to businesses.

Under the rules, nano and small businesses with annual turnover of ₦12 million or less are exempt, while other informal enterprises will pay a 1% tax on turnover. The initiative is designed to protect small businesses, encourage growth, and expand the tax base fairly.

At the launch, Minister Edun stated, “These regulations ensure transparency, fairness, and economic inclusion. They formalize a pathway for small businesses to grow and eventually enter the formal economy, contributing to sustainable national growth.”

He also highlighted Nigeria’s GDP growth of over 4% in the last quarter of 2025 and stressed the government’s target of reaching 7% growth, in line with the President’s vision of a $1 trillion economy by 2030.

Edun emphasized that tax administration under the new system will be coordinated across federal, state, and local governments, monitored for fairness, and overseen by the Ombudsman to guarantee proper implementation.

“This is a growth-oriented system designed to create jobs, support small and medium enterprises, and promote investment from Nigerians at home and in the diaspora,” Edun added.