The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have taken major steps toward enhancing revenue collection for the federation.
Eniola Akinkuotu, the regulator’s head of media and strategic communications, in a statement, said the decision was taken on Monday, when the NUPRC Chief Executive, Oritsemeyiwa Eyesan, visited the Chairman, NRS, Zacc Adedeji, at the corporate headquarters of the apex tax agency in Abuja.
The statement said Mrs Eyesan’s visit was also part of her wider engagement with relevant stakeholders following her assumption of office as CCE in December.
“Based on the new tax laws that came into effect on 1 January 2026, the NRS and the NUPRC are expected to collaborate more closely in the collection of oil and gas revenues,” it said.
At the meeting, according to the statement, both parties agreed to work more closely in the interest of the country in order to meet the revenue target set by the government.
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According to the Presidential Committee on Fiscal Policy and Tax Reform, the new tax laws reflect a broader shift away from outdated and fragmented collection methods towards a harmonised, technology-driven, and people-centred tax framework.
The key provisions of the laws include the harmonisation of sub-national taxes into nine approved tax types, the outlawing of roadblocks for tax and levy collection, and measures to improve certainty, fairness, and efficiency in the system.
Also, the reforms are expected to reduce arbitrary and illegal collections, enhance transparency, and create a more predictable operating environment for businesses, with the Small and Medium-sized Enterprises (SMEs) projected to benefit significantly from the streamlined framework.
