President Bola Tinubu has officially signed four significant tax reform bills into law, marking a major step in overhauling Nigeria’s tax system.
The signing ceremony took place in the presence of key National Assembly leaders, including Senate President Godswill Akpabio and House Speaker Tajudeen Abbas.
Speaking on the development, Tinubu emphasized that the reforms are not just about simplifying the tax code, but also about delivering the first substantial, pro-citizen tax reliefs seen in decades.
He noted that the new laws are designed to ease the burden on low-income earners, small businesses, and families striving to survive economic hardship.
The newly enacted laws include:
- Nigeria Tax Bill (Fair Taxation)
- Nigeria Tax Administration Bill
- Nigeria Revenue Service (Establishment) Bill
- Joint Revenue Board (Establishment) Bill
According to the president, these reforms aim to unify the previously fragmented tax system, eliminate redundancies, reduce bureaucratic bottlenecks, boost investor confidence, and promote transparency and better coordination across all levels of governance.