Tinubu To Sign Tax Reform Bills Into Law On Thursday
THECONSCIENCE NG reports that President Bola Tinubu will on Thursday sign into law four landmark tax reform bills aimed at overhauling Nigeria’s fiscal and revenue systems. The Presidency disclosed this in a statement on Wednesday evening, signed by Special Adviser on Information and Strategy, Bayo Onanuga, titled “President Tinubu signs four tax bills into law tomorrow.”
According to the statement, the bills—passed by the National Assembly following months of consultations with key stakeholders—are designed to “transform Nigeria’s fiscal and revenue framework” and improve tax administration across all levels of government.
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.
“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Onanuga stated.
The signing ceremony will take place at the Presidential Villa in Abuja and will be attended by top government figures, including the Senate President, the Speaker of the House of Representatives, the Senate and House Majority Leaders, and the chairpersons of the Senate and House Committees on Finance.
Also expected at the event are the Chairman of the Nigeria Governors’ Forum and Governor of Kwara State, Abdulrahman Abdulrazaq; the Chairman of the Progressives Governors Forum and Imo State Governor, Hope Uzodinma; Minister of Finance and Coordinating Minister of the Economy, Wale Edun; and the Attorney General of the Federation, Lateef Fagbemi.
The Nigeria Tax Bill, also referred to as the Ease of Doing Business Bill, seeks to consolidate the country’s fragmented tax laws into a single harmonised statute.
“By reducing the multiplicity of taxes and eliminating duplication, the bill will enhance the ease of doing business, reduce taxpayer compliance burdens, and create a more predictable fiscal environment,” the Presidency said.
The Nigeria Tax Administration Bill will provide a uniform legal and operational framework for tax administration across federal, state, and local governments.
The Nigeria Revenue Service (Establishment) Bill repeals the existing Federal Inland Revenue Service Act and establishes a more autonomous and performance-driven revenue agency, the Nigeria Revenue Service. The bill also expands the agency’s mandate to include non-tax revenue collection, while introducing stronger accountability, transparency, and efficiency mechanisms.
The fourth bill, the Joint Revenue Board (Establishment) Bill, aims to create a formal governance structure to improve coordination among tax authorities at all levels. It will also introduce vital oversight features, including the establishment of a Tax Appeal Tribunal and an Office of the Tax Ombudsman.
The reforms are part of President Tinubu’s broader efforts to modernise Nigeria’s fiscal structure and attract greater investment through a more transparent, efficient, and business-friendly tax regime.
