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Nigeria in Diaspora group says FIRS Boss Zacch Adedeji Crypto tax reforms a game changer
The Nigeria Professionals in Diaspora group has praised Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), for his innovative crypto tax reforms, describing them as a game changer for Nigeria’s economy.
In a statement delivered during a press conference in Abuja and signed by Dr. Obiora Okereke, President, and Chief Mrs. Bukola Shonekan, Home Secretary, the group commended Dr. Adedeji’s efforts to modernize Nigeria’s tax system and effectively incorporate cryptocurrencies.
“Dr. Adedeji’s crypto tax reforms are a bold step towards embracing the digital economy,” the statement read. “His leadership ensures Nigeria’s tax policies adapt to the evolving financial landscape, aligning with global standards.”
The group noted that the current regulations, such as the Stamp Duty Act of 1939, are outdated and inadequate for addressing the complexities of digital currencies. They applauded Dr. Adedeji’s plans to establish clear guidelines for digital assets, simplify tax reporting, and leverage technology to ease compliance.
“Dr. Adedeji’s approach will boost confidence in the cryptocurrency market, protect consumers, and attract international investment,” the statement added. “His commitment to modernizing Nigeria’s tax system is a game changer for the country’s economic growth.”
The Nigeria Professionals in Diaspora group urged stakeholders to support Dr. Adedeji’s initiatives, saying, “This move will create a more transparent, secure, and thriving financial system for Nigeria.”
With Nigeria’s growing engagement in digital currency trading, the group recognized the need for a regulatory framework that effectively manages the evolving financial world.
“Dr. Adedeji’s crypto tax reforms are a step in the right direction,” the statement concluded. “We commend his vision and leadership in positioning Nigeria for economic success in the digital age.”
The statement added that “Dr Zacch Adedeji’s changes to Nigeria’s tax system, especially regarding this new update on cryptocurrency, bring with it benefits for Nigerians. By setting clear rules for digital assets, these reforms make it easier for people and businesses to understand and meet their tax responsibilities. This clarity helps boost confidence in the cryptocurrency market and encourages more people to get involved.”
It noted that as the digital economy evolves, keeping tax regulations up to date with technological advancements is important.
News
Minister of Works, Umahi Preach Love, Peace, Unity At Christma
Joel Ajayi
The Minister of Works, Engr. Nweze David Umahi, has urged Nigerians to reflect on their personal devotions to the cause of the nation and the gains of fostering stronger bonds and positive memories in interpersonal relationships as Christians celebrate Christmas.
In a statement he personally signed on Wednesday in Abuja, Wednesday morning, Umahi said Nigeria deserves nothing less than the commitment of love and devotion to the tenets of peace and progress from all citizens.
He said: “On this momentous occasion of Christmas Day celebration, I am heartily and profoundly delighted to felicitate and share with Nigerians the great joy that the birth of our Lord Jesus Christ heralds and the hope of everlasting salvation it brings to mankind.
“Indeed, this Christian festival offers us a memorable opportunity to reflect on the need to renew our attitude to gratitude to God our Maker, through our unflinching love for one another, boundless generosity to our neighbours and selfless service to humanity, which are divine values required to make the world a better place.
“In a moment like this, we are expected to reflect on our personal devotions to the cause of the nation and the gains of fostering stronger bonds and positive memories in our interpersonal relationships.
“Our nation, Nigeria, deserves nothing less than the commitment of love for our country and devotion to the tenets of peace and progress from all citizens. The Renewed Hope administration has made record-breaking marks in improving public service delivery and refixing governance framework that will stimulate economic growth and national development.
“The private sector window is being created, and the enabling infrastructure is taking shape. Our road infrastructure delivery is being enhanced nationwide to support the growth of our economy. All we need is a reciprocation of faith, hope, solidarity, loyalty, and love for our nation.
“As we celebrate the birth of our Lord and Saviour Jesus Christ and its significance to our nationhood, I particularly send my warm greetings to the President and Commander-In-Chief of the Federal Republic of Nigeria, His Excellency, Bola Ahmed Tinubu GCFR, and I commend him highly for his profound leadership stewardship that is making the desired difference in our development trajectory.
“Let me publicly recognize the management and staff of the Federal Ministry of Works, who have been exceptionally wonderful in driving the Renewed Hope agenda in the works sector. Together, a nation of peace and prosperity shall be achieved.”
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