From Okwe Obi, Abuja
Some Nigerians in Diaspora have said the Crypto tax reforms initiated by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, would be a game changer for the country’s economy.
President of the group, Dr Obiora Okereke, and Home Secretary, Bukola Shonekan, in a statement on Monday, commended Adedeji’s efforts to modernize Nigeria’s tax system and effectively incorporate cryptocurrencies.
According to them, the current regulations, such as the Stamp Duty Act of 1939, are outdated and inadequate for addressing the complexities of digital currencies.
Okereke added that the planned establishment of clear guidelines for digital assets, simplify tax reporting, and leverage technology would ease compliance.
He said: “Dr Adedeji’s crypto tax reforms are a bold step towards embracing the digital economy.
“His leadership ensures Nigeria’s tax policies adapt to the evolving financial landscape, aligning with global standards.
“Dr Adedeji’s approach will boost confidence in the cryptocurrency market, protect consumers, and attract international investment.
“His commitment to modernizing Nigeria’s tax system is a game changer for the country’s economic growth.”
He urged stakeholders to support Dr. Adedeji’s initiatives, saying, the move will create a more transparent, secure, and thriving financial system for Nigeria.
“Dr Adedeji’s crypto tax reforms are a step in the right direction. We commend his vision and leadership in positioning Nigeria for economic success in the digital age.
“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,” he added.