LPresident Bola Ahmed Tinubu on Thursday signed into law four major tax reform bills aimed at overhauling Nigeria’s tax administration framework and boosting revenue generation.
The brief but significant ceremony held at the Presidential Villa was witnessed by the leadership of the National Assembly, select governors, ministers, presidential aides, and other top government officials.
The four newly signed legislations are the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
These bills, which were passed by the National Assembly after extensive engagements with stakeholders and civil society groups, are expected to modernise the tax system, enhance compliance, and promote a more business-friendly environment.
According to a statement from the Presidency, the new laws will “significantly transform tax administration in the country, leading to increased revenue generation, improved ease of doing business, and heightened investor confidence both locally and internationally.”
The move is in line with the Tinubu administration’s broader economic reform agenda, which places emphasis on fiscal sustainability, economic diversification, and attracting private sector investment.
The presidency noted that the reforms will also enhance coordination among tax authorities across the federation and streamline revenue collection processes through the establishment of robust institutional frameworks.
