The Joint Revenue Board (JRB) has officially banned the use of roadblocks for tax collection across Nigeria, introducing new Presumptive Tax Regulations aimed at protecting businesses and making tax collection more efficient. JRB Executive Secretary Olusegun Adesokan said the new regulations provide a coordinated framework to collect taxes without disrupting business activities. Under the rules, nano and small businesses with annual turnover of ₦12 million or less are exempt from tax, while other informal businesses will pay a 1% tax on their turnover. The policy is designed to support small businesses, encourage growth, and expand the tax base fairly. Finance and Coordinating Minister Wale Edun said, “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.” Edun highlighted that Nigeria’s GDP grew over 4% in the last quarter of 2025 and reaffirmed the goal of achieving 7% growth to support the President’s vision of a $1 trillion economy by 2030. He added that tax collection under the new framework will be coordinated across federal, state, and local governments, closely monitored for fairness, and overseen by the Ombudsman to ensure proper implementation. “This system is designed to create jobs, support small and medium enterprises, and attract investment from Nigerians at home and abroad,” Edun said.
