President Bola Ahmed Tinubu has signed four significant tax reform bills into law, ushering in what he described as “a bold step toward a new era of economic governance” in Nigeria.
The signing ceremony, held at the Presidential Villa, was witnessed by key legislative leaders, including Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas.
The newly signed laws are:
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Nigeria Tax Bill (Fair Taxation)
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Nigeria Tax Administration Bill
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Nigeria Revenue Service (Establishment) Bill
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Joint Revenue Board (Establishment) Bill
According to President Tinubu, the reforms aim to ease the tax burden on low-income earners, small businesses, and working families, describing them as Nigeria’s first major pro-people tax relief effort in decades.
“These reforms are about fairness, efficiency, and national progress,” the President said. “We are unifying Nigeria’s fragmented tax system, eliminating duplications, cutting down on bureaucracy, and restoring investor confidence.”
The administration emphasized that the tax laws are designed to improve coordination and transparency across all levels of government, while enhancing revenue generation without hurting the most vulnerable.
With these reforms, the Federal Government hopes to balance fiscal responsibility with social equity, in line with Tinubu’s broader Renewed Hope Agenda.
