{
  "id": 432202,
  "title": "Nigeria Revenue Service: Economy Out of the Woods After Difficult Adjustments",
  "url": "https://urgent.news/2026/08/10/nigeria-revenue-service-economy-out-of-the-woods-after-difficult",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T02:58:03.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/08/10/nigeria-revenue-service-economy-out-of-the-woods-after-difficult-adjustments/"
  },
  "original_language": "en",
  "account": "Nigeria's economy has emerged from a period of challenging adjustments, according to Dr. Zacch Adedeji, Executive Chairman of the Nigeria Revenue Service (NRS). Speaking on Channels Television’s Sunday Politics, Adedeji highlighted a range of significant reforms implemented since President Bola Tinubu took office in May 2023. These included the removal of petrol subsidies, unification of the foreign exchange market, the implementation of the Petroleum Industry Act (PIA), tighter monetary policy, and an ongoing tax overhaul. Adedeji noted that these reforms have produced stronger and more measurable outcomes across the economy, leading to stronger exchange rate stability, moderating inflationary pressures, and improved liquidity conditions. He said that the reforms have boosted business confidence, enabling companies and investors to make long-term decisions with greater certainty. The NRS boss also praised the banking sector recapitalisation and the ongoing tax reforms, stating that they have improved the overall business climate, reduced structural inefficiencies, and enhanced the operating environment for capital-intensive and export-oriented firms. The service projected that revenue mobilisation could further strengthen as e-invoicing coverage expands and new tax laws become fully operational in 2026 and 2027.",
  "summary": "James Emejo in Abuja Executive Chairman of Nigeria Revenue Service (NRS), Dr. Zacch Adedeji, yesterday declared that the Nigerian economy had emerged from a difficult period of adjustment. Adedeji said",
  "key_points": [
    "Nigeria's economy recovered after tough adjustments, says NRS Chairman",
    "Reforms like petrol subsidy removal and tax overhaul implemented since 2023",
    "Revenue mobilisation expected to rise as new tax laws take effect"
  ],
  "editors_take": "The reforms implemented since President Bola Tinubu took office have improved business confidence, reduced structural inefficiencies, and enhanced the operating environment, paving the way for further revenue growth.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}