President Bola Tinubu has signed into law four landmark tax reform bills aimed at unifying Nigeria’s fragmented tax system and reshaping the country’s fiscal landscape.
The new legislation is designed to eliminate duplication, enhance transparency, improve fairness, and boost investor confidence. The signing ceremony took place on Thursday at the Presidential Villa in Abuja, where President Tinubu described the reforms as a “bold and foundational shift” in Nigeria’s fiscal policy direction.
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—were passed by the National Assembly following extensive consultations with stakeholders and key interest groups.
According to the presidency, these new laws are expected to significantly transform tax administration in Nigeria. They aim to increase government revenue, create a more business-friendly environment, and attract both foreign and domestic investment.
