President Bola Ahmed Tinubu is set to sign four transformative tax reform bills into law on Thursday, marking a major milestone in his administration’s push to overhaul Nigeria’s tax and revenue system.
This was confirmed in a statement released Wednesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, titled “President Tinubu signs four tax bills into law tomorrow.”
The tax bills, which the National Assembly has already passed following extensive consultations with stakeholders, include:
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Nigeria Tax Bill (Ease of Doing Business)
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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
Key Highlights of the New Tax Reforms
✅ Nigeria Tax Bill (Ease of Doing Business)
This bill seeks to consolidate Nigeria’s fragmented tax laws into a single, harmonized statute. It will:
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Reduce tax multiplicity
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Eliminate duplication
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Improve the ease of doing business
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Lower compliance burdens on taxpayers
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Create a predictable fiscal environment for investors
✅ Nigeria Tax Administration Bill
Designed to provide a uniform legal and operational framework for tax administration across all tiers of government—federal, state, and local.
✅ Nigeria Revenue Service (Establishment) Bill
This bill repeals the current Federal Inland Revenue Service (FIRS) Act and establishes the Nigeria Revenue Service (NRS) with:
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An expanded mandate
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Autonomy
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Authority to collect both tax and non-tax revenue
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Mechanisms to ensure transparency, accountability, and performance
✅ Joint Revenue Board (Establishment) Bill
This bill creates a formal governance structure to encourage cooperation between federal, state, and local revenue bodies.
It also establishes:
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A Tax Appeal Tribunal
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An Office of the Tax Ombudsman to handle taxpayer grievances and ensure fair treatment
High-Level Witnesses at the Bill Signing
The bill signing ceremony at the Presidential Villa in Abuja will be attended by top dignitaries, including:
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Senate President and Speaker of the House of Representatives
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Senate and House Majority Leaders
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Chairmen of the Senate and House Committees on Finance
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Governors’ Forum Chair Abdulrahman Abdulrazaq (Kwara)
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Progressives Governors Forum Chair Hope Uzodinma (Imo)
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Minister of Finance and Coordinating Minister of the Economy, Wale Edun
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Attorney General of the Federation, Lateef Fagbemi
Expected Impact
The Presidency says the new tax laws will:
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Boost revenue generation
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Attract domestic and foreign investment
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Improve Nigeria’s overall business climate
“These bills are designed to significantly transform tax administration in the country,” said Onanuga. “They aim to reduce complexity and support economic growth.”
