President Bola Tinubu has signed into law four key tax reform bills recently passed by the National Assembly, marking a major step toward restructuring Nigeria’s tax system for improved efficiency and economic growth.
The signing ceremony was held on Thursday at the Presidential Villa in Abuja, in the presence of Senate President Godswill Akpabio, Speaker of the House of Representatives Tajudeen Abbas, several lawmakers, state governors, cabinet ministers, and presidential aides.
The newly signed laws are:
- Nigeria Tax Bill
- Nigeria Tax Administration Bill
- Nigeria Revenue Service (Establishment) Bill
- Joint Revenue Board (Establishment) Bill
These bills, passed by the National Assembly after wide consultations with stakeholders, are aimed at unifying Nigeria’s fragmented tax structure, eliminating duplications, and modernising tax administration.
In a statement released by the presidency, the reforms are expected to enhance revenue generation, create a fairer and more transparent tax system, and significantly improve Nigeria’s business environment.
The administration also projected that the reforms would encourage both domestic and foreign investments, contributing to long-term economic stability.
