{"id":119207,"date":"2025-05-27T05:45:17","date_gmt":"2025-05-27T04:45:17","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=119207"},"modified":"2025-05-27T05:45:17","modified_gmt":"2025-05-27T04:45:17","slug":"fg-plans-transition-of-joint-tax-board-to-joint-revenue-board","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/fg-plans-transition-of-joint-tax-board-to-joint-revenue-board\/","title":{"rendered":"FG Plans Transition of Joint Tax Board to Joint Revenue Board"},"content":{"rendered":"<div id=\"m#msg-f:1833211413484131019\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">By Daniel Adaji<\/div>\n<div id=\"m#msg-f:1833211413484131019-content\" class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div><\/div>\n<div>The Federal Government is set to convert the Joint Tax Board (JTB) into a Joint Revenue Board (JRB) with expanded powers and responsibilities to streamline tax administration across the country.<\/div>\n<div><\/div>\n<div>Chairman of the Federal Inland Revenue Service (FIRS) and the JTB, Zacch Adedeji, disclosed this at the 157th Board Meeting of the JTB held in Ibadan, Oyo State on Monday.<\/div>\n<div><\/div>\n<div><\/div>\n<div>He said the transition would modernise and harmonise the national tax system to better serve the evolving economy.<\/div>\n<div><\/div>\n<div><\/div>\n<div>\u201cThe JTB would soon transition to the Joint Revenue Board (JRB) with expanded scope and responsibilities that would make tax systems easily harmonised and modernised nationwide,\u201d Adedeji said.<\/div>\n<div><\/div>\n<div>The move comes amid renewed attention to Nigeria\u2019s informal sector, which accounts for 92.6 per cent of the country\u2019s employed population as of Q1 2023, according to the National Bureau of Statistics.<\/div>\n<div><\/div>\n<div>Adedeji stated that President Bola Tinubu is deeply concerned about the wellbeing of informal sector operators.<\/div>\n<div><\/div>\n<div>\u201cPresident Bola Tinubu has said the focus should be on taxing the fruits and not the seeds so that we don\u2019t kill what people have invested in businesses,\u201d he said.<\/div>\n<div><\/div>\n<div>Instead of imposing taxes immediately, Adedeji advocated for using accurate data to bring structure to the informal economy.<\/div>\n<div><\/div>\n<div>He urged revenue board chairpersons from the 36 states to focus on formalising the sector through data-driven strategies.<\/div>\n<div><\/div>\n<div>\u201cI would rather support the formalisation of the informal sector with the use of data rather than taxing them,\u201d he said.<\/div>\n<div><\/div>\n<div>Adedeji attributed the drop in Nigeria\u2019s unemployment index to the formal recognition of informal workers by the NBS. He emphasised that the sector is a key contributor to national productivity and must be supported, not overburdened.<\/div>\n<div><\/div>\n<div>Governor Seyi Makinde of Oyo State, who hosted the board meeting, also stressed the need for a thoughtful approach to taxation.<\/div>\n<div><\/div>\n<div>\u201cWe must not only be strategic but also humane in our approach. The goal should not only be to increase revenue but to support and empower those within the informal economy so they can thrive and contribute meaningfully,\u201d he said.<\/div>\n<div><\/div>\n<div>Makinde added, \u201cOur administration is committed to balancing fiscal responsibility with inclusive economic growth. Our recent initiatives have improved our revenue generation drive.\u201d<\/div>\n<div id=\"m_2145604705191759847ymail_android_signature\"><\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Daniel Adaji The Federal Government is set to convert the Joint Tax Board (JTB) into a Joint Revenue Board (JRB) with expanded powers and responsibilities to streamline tax administration&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":119208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-119207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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