Nigeria's FIRS Chairman highlights need for tax laws on cryptocurrencies in new taxation bills.

Nigeria's Federal Inland Revenue Service (FIRS) Chairman, Zaccheus Adedeji, announced that the country lacks tax laws for cryptocurrencies and digital assets. While addressing lawmakers reviewing new taxation bills from President Bola Tinubu, he emphasized the need to modernize tax regulations, which currently do not account for digital currencies, to enhance fiscal efficiency. The proposed bills aim to broaden the tax base without introducing new taxes.