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Zacch Adedeji: The Technocrat Who Makes the System Work

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By Arabinrin Aderonke

We do not talk enough about institutions or agencies in Nigeria. The conversation is often about who holds office, who left, who is performing, and who is not. But if we are serious about building a country that works, we must change that focus. Great nations like the United States, Germany, and Japan were built not only by people but by the systems and structures they established. That is why the Tax Reform Bills is a big deal. Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (now Nigeria Revenue Service), deserves his flowers.

In Nigeria, many laws are passed with little follow-up. Good ideas often do not survive politics. The Tax Reform Bills, signed by President Bola Ahmed Tinubu, followed a clear process. From early consultations to communication with the public and coordination with the National Assembly, the approach was structured. These policies form the base for a more fair, inclusive, and efficient tax system.

And truly, how many things do we even want to say? Where do we start? This man is trying. Dr. Zacch didn’t wait for applause before doing the work. He has focused on building a system that works, not just for the government but for the people. This tax reform is only the highlight we are all now talking about. But the real work started when he became the Executive Chairman.

He began with the agency itself. Staff morale was low, structures were loose, and the system was outdated. He reorganized departments, improved staff welfare, increased salaries, and created a culture of responsibility. The environment changed from survival to performance. He understood that if the people inside the system were not motivated, nothing on the outside would function properly.

Then he went after the process. Under his leadership, the TaxProMax platform was upgraded. New modules were added. Over 80 per cent of operations were automated. Filing became easier, records became clearer, and service delivery improved. He introduced a USSD code that allows people to retrieve their TIN and tax clearance certificates straight from their phones, with no internet being required. These are real solutions for real Nigerians.

He also spearheaded the National Single Window Project, which links tax, customs, and trade. For the first time, businesses could start seeing a more coordinated and transparent system.

In 2023, revenue collection hit ₦12.36 trillion. In 2024, it grew to ₦21.6 trillion. Not by squeezing people dry but by widening the tax net, blocking leakages, and making compliance easier. In 2025, the target is ₦25.2 trillion, and with the structure he has put in place, it is not just possible, it is planned for.

But beyond technology and revenue numbers, the Tax Boss has been consistent in saying we must not tax poverty. He pushed for exemptions for small businesses and low-income earners. He ensured that essential items like food, health, education, accommodation, and transport were VAT-free. That is leadership with empathy.

So yes, let us give him his flowers, and give them to him well. Tax Boss is not like the usual people we see in government. He came in, kept his head down, and did the work the way his boss, President Bola Ahmed Tinubu, asked him to. He didn’t chase attention, but now the results are speaking louder than any press conference.

In a country where many enter the office and leave things worse, Dr. Zacch is proof that one person can come in and truly change the story. He is showing us that the government can work if the right person is in charge. He is the kind of leader Nigeria needs more of, focused, honest, and truly working for the people. He has not only done well. He has set a new standard.

Arabinrin Aderonke Atoyebi is the technical assistant on broadcast media to the executive chairman of the Federal Inland Revenue Service

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TAJBank Emerges Nigeria’s Biggest Non-Interest Bank

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Cyril Ogar


After five years of operations in Nigeria’s rapidly evolving non-interest banking (NIB) space, TAJBank Limited has become the biggest player in the NIB subsector based on its total assets and gross earnings values.


Disclosing this during his paper presentation on the key performance indices in the non-interest banking space over the past few years at a seminar organized by Leaders Corporate Services with the theme “Roles of Non-Interest Banks In SMEs’ Financing” for SME entrepreneurs yesterday in Abuja, an investment expert, Mr. Olabode Akeredolu-Ale, maintained that based on the non-interest banks’ approved financial statements for the half year 2025, TAJBank currently remained the biggest in terms of its total assets.

The expert, a chartered stockbroker, specifically confirmed that his recent investment researches on the NIBs and their financial performances showed that TAJBank, with its total assets rising to N1.017 trillion in half year 2025 up from N953.098 billion as of December 2024, which is about N53 billion higher than the nearest NIB’s assets, now ranked top in the banking subsector.

According to him, TAJBank’s gross earnings for H1 2025 also surged to N53.752 billion from N32.86 billion as of December 2024, representing a 64% growth, and higher than the nearest NIB’s gross earnings in the period under review. 

This is even as he disclosed that on the NIBs’ earnings per share during the half year, TAJBank reported N61.36 kobo earnings per share, about 92% higher than the earnings per share of the next NIB during the period. 

Akeredolu-Ale, who is also a chartered accountant, clarified: “The figures I am reeling out here on the NIBs are sourced from the banking and capital market regulatory institutions’ platforms, which anyone can access to verify. 

“I am part of this event because of my research interest in non-interest banking and how the players in the subsector in Nigeria can help to leverage their competencies in innovation and ethical banking to support our MSMEs.

“Today, the MSMEs cannot access DMBs’ loans due to high lending rates and other inclement macroeconomic factors. This is where I think the NIBs have become very crucial to Nigeria’s economic growth.

 “Overall, my findings on the NIBs indicated that they are all trying their best with non-interest loans to support entrepreneurs, particularly the MSMEs owners. I have advised those of them at this seminar to explore the cost-friendly financing options of the NIBs to grow their businesses by opening accounts with the NIBs”, the expert added.  

Another speaker at the event, Benjamin Chukwudi, also commended the NIBs for their “catalytic roles in helping SMEs to access interest-free loans and providing them the needed financial management advisory, which have been helping them in sustaining their operations in the face of rising cost of doing business in the country.” 

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