President Bola Ahmed Tinubu has officially signed into law four critical tax reform bills, marking what he described as the beginning of a bold and transformative era in Nigeria’s economic governance.
The signing ceremony took place in the presence of key figures from the National Assembly, including Senate President Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas, alongside other top-ranking lawmakers.
Speaking at the event, President Tinubu emphasized that these reforms go far beyond merely reorganizing the nation’s tax codes. He described the newly signed laws as a foundation for a fairer and more inclusive economy. According to him, the legislative changes represent the first significant round of pro-people tax cuts in a generation.
“These reforms are not just about improving tax administration,” Tinubu noted. “They are designed to provide meaningful relief to hardworking Nigerians, especially low-income earners, struggling families, and small businesses that form the backbone of our economy.”
The four bills now signed into law include: Nigeria Tax Bill (Fair Taxation); Nigeria Tax Administration Bill; Nigeria Revenue Service (Establishment) Bill; Joint Revenue Board (Establishment) Bill.
With these new laws, the President explained, the government seeks to simplify Nigeria’s currently fragmented tax structure. The reforms aim to eliminate unnecessary bureaucratic overlaps, reduce inefficiencies, and introduce a more coordinated and transparent system of revenue generation across all tiers of government.
According to Tinubu, the unification and streamlining of the tax regime will not only reduce red tape but also rebuild investor confidence and foster an environment of accountability. “We are laying the groundwork for a tax system that is modern, fair, and growth-oriented—one that works for every Nigerian,” he added.
The reform agenda, as articulated by the administration, underscores a commitment to inclusive development and economic justice, positioning Nigeria for greater fiscal stability and long-term prosperity.
About The Author
