President Bola Tinubu has signed into law four tax reform bills on key areas of Nigeria’s fiscal and revenue framework. This removes redundant overlaps, boosts investor confidence, enhances transparency, and promotes coordinated efforts across all levels.
Tinubu signed the bills at a ceremony held at the Aso Rock Presidential Villa in Abuja on Thursday.
The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
President Tinubu described the legislation as a clear departure from previous policies, emphasising that the reforms are designed to ease the burden on working families, small businesses, and low-income earners while eliminating inefficiencies that have long plagued Nigeria’s fiscal structure.
The President on Thursday said in a post on his verified X handle @officialABAT, that the new tax reform forms the groundwork for the Nigeria of tomorrow, focused on unlocking opportunities for all.
“We are also building a framework for the Nigeria of tomorrow-leaner, fairer and laser focused on unlocking opportunities for all.”
He explained that with the new tax reform laws, the Bola Tinubu led Administration is now laying the foundation for a tax regime that is fair, transparent and fit for a modern, ambitious Nigeria.
“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet.
“For too long, our tax system has been a patchwork-complex, inequitable, and burdensome. It has weighed down the vulnerable and shielded inefficiency. That era ends today.
“We are laying a foundation for a tax regime that is fair,transparent and fit for a modern, ambitious Nigeria. A tax regime that rewards enterprise, protects the vulnerable,and mobilises revenue without punishing productivity.
The four bills are ; the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill”.
Also Read: Senate Passes Two Key Tax Reform Bills
President Tinubu also commended the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, the subnational partners for their critical contributions, and Nigerians for keeping faith with the tax reform vision.
He added that the newly signed tax reform act indicates the beginning of another era for Nigeria business owners.
Concluding his message, President Tinubu made a nationwide appeal for collective action, “This is our rallying cry : Simplify. Reform.Grow.
“Let the World know that Nigeria is open for business ,and this time,everyone has a fair shot.
“We are betting on a new Nigeria and building it block by block” The President added
The historic presidential assent ceremony was witnessed by the Senate President, Godswill Akpabio, Speaker of the House of Representatives, Tajudeen Abbas, Senate Majority Leader, Jibrin Barau, House Majority Leader, Prof. Julius Ihonvbere , chairman of the Senate Committee on Finance, Mohammed Sani Musa and his House counterpart, James Faleke.
Also present to witness the event were thethe Chairman of the Progressive Governors Forum, Hope Uzodinma, the Minister of Finance and Coordination of the Economy, Wale Chairman of the Governors Forum, Abdulrazaq Abdulrahman, and the Attorney General of the Federation,Lateef Fagbemi.
