Korede Abdullah in Lagos
President Bola Tinubu will, on Thursday (today), sign into law four major tax reform bills aimed at overhauling Nigeria’s fiscal and revenue framework.
According to presidential spokesperson Bayo Onanuga, the signing ceremony at the Presidential Villa, Abuja, will be witnessed by top political and economic leaders, including the Senate President, House Speaker, Finance Minister, and the Chairman of the Governors’ Forum.
“These reforms are the product of broad-based consultations and represent a turning point for Nigeria’s tax administration,” Onanuga said.
The four bills — the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill — seek to unify, modernize, and improve Nigeria’s tax processes.
“The Nigeria Tax Bill (Ease of Doing Business) will harmonise fragmented tax laws to eliminate duplications, reduce compliance burdens, and enhance the predictability of the business climate,” the statement explained.
The Tax Administration Bill introduces a uniform legal and operational framework across all government tiers.
Also included in the reforms is the Nigeria Revenue Service Bill, which will replace the existing Federal Inland Revenue Service with a more autonomous and accountable agency, while the Joint Revenue Board Bill establishes a cooperative governance structure among all revenue authorities.
These new laws are expected to increase revenue generation, attract investment, and create a more transparent tax system. “With these reforms, Nigeria is poised for a new era of tax governance that supports growth and equity,” Onanuga added.
