Nigerians have been assured that the implementation of new tax laws will not result in automatic debits from their bank accounts, following statements by Taiwo Oyedele, Senior Special Adviser to the President on Revenue Matters.

Speaking in Abuja on Wednesday, Oyedele emphasized that while the government has introduced reforms aimed at improving tax compliance, citizens’ accounts would not be directly debited without due process.

He stated, “The new tax laws are designed to streamline the collection process and enhance transparency. There is no provision under the law that allows the government to directly debit individuals’ bank accounts.

Nigerians can continue to operate their accounts without fear of arbitrary deductions.”

Oyedele further explained that the reforms, which include the transition from the Federal Inland Revenue Service (FIRS) to the Nigerian Revenue Service (NRS), are part of broader efforts to modernize the nation’s tax administration.

“The NRS will provide clearer guidelines for taxpayers, ensuring that payments are made voluntarily and in accordance with the law. Our aim is to make the tax system fair, transparent, and efficient,” he added.

He urged Nigerians to familiarize themselves with the new provisions of the law and to consult official NRS platforms for guidance on tax obligations.

The new tax legislation, which came into effect on January 1, 2026, has been a topic of debate across the country, with concerns about potential automatic bank debits dominating public discourse.

Oyedele’s assurance is expected to allay fears and encourage compliance.

Background

The transition to the NRS represents one of the most significant overhauls of Nigeria’s tax system in recent years.

The government has promised that the new system will enhance revenue collection while protecting citizens’ rights.