Kogi State Governor, Usman Ododo, has assented to two major revenue-related bills, aligning the state with the Federal Government’s newly introduced tax reforms.
The signed legislation includes the Kogi State Internal Revenue Service (Establishment) Law, 2025, and the Kogi State Taxes and Levies (Approved List for Collection) Law, 2025.
The development was confirmed in a statement released on Thursday by the state Commissioner for Information, Kingsley Fanwo.
President Bola Tinubu had earlier signed the national tax reform laws on July 26, 2025, with full implementation beginning on January 1.
According to Fanwo, the new laws are expected to increase internally generated revenue, improve transparency, and stimulate economic growth within the state.
He explained that the reforms provide tax relief for low-income earners, noting that individuals earning less than N800,000 annually are exempt from taxation. Fanwo also said the simplified tax framework and reduced compliance costs would make Kogi more attractive to investors and businesses.
Other advantages of the new laws include the digitalisation of tax administration to minimise human interference and enhance accountability, as well as improved harmonisation of tax processes.
The commissioner stressed that the reforms were not designed to impose higher taxes but to strengthen the tax system through structural adjustments, protect taxpayers’ dignity, and reinforce the social contract between the government and citizens.
0 Comments