Ekiti State has become the first subnational entity in Nigeria to domesticate the Nigeria Tax Administration Act (NTAA) in a move to align with national fiscal reforms.
According to a statement from the state government, Governor Biodun Oyebanji formalized this transition on Wednesday by signing the Ekiti State Revenue Administration Law, 2025, into law.
The signing ceremony, held at the Executive Council Chamber in Ado-Ekiti, also saw the Governor assent to the state’s 2026 “Budget of Sustainable Governance,” valued at N415.57 billion.
The 2025 Revenue Administration Law repeals the Ekiti State Board of Internal Revenue Law of 2019. It aims to modernize tax collection and eliminate systemic inefficiencies.
“From today, Ekiti adopts a strictly electronic payment system. This will eradicate leakages and ensure that your payments go directly into the state’s coffers,” Governor Oyebanji stated.
The Executive Secretary of the Joint Revenue Board, Segun Adesokan, lauded the state for fulfilling a commitment made during the JRB retreat in Ikogosi last September.
“Ekiti is the first state to domesticate the Nigeria Tax Administration Act,” Adesokan noted, expressing optimism that other states would follow suit to ensure a more professional and autonomous subnational revenue landscape across the federation.
The newly signed N415.57 billion budget reflects a balanced approach between maintaining government operations and investing in growth.
The budget allocates 53 percent to recurrent expenditure and 47 percent to capital expenditure.
Governor Oyebanji emphasized that the 2026 budget is designed to prioritize the completion of ongoing projects while strengthening the state’s infrastructure and agricultural output.
The ceremony was attended by high-ranking officials, including Deputy Governor Monisade Afuye and the Speaker of the Ekiti House of Assembly, Adeoye Aribasoye.
The NTAA is a cornerstone of the Federal Government’s 2025 tax reform agenda. It was designed to provide a unified procedural framework for the assessment, collection, and enforcement of taxes across all tiers of government, replacing fragmented legacy laws.