In a move poised to reshape Nigeria’s fiscal landscape, President Bola Ahmed Tinubu has officially signed into law four major tax reform bills recently passed by the National Assembly.
The brief but symbolic signing ceremony took place on Thursday at the Presidential Villa in Abuja, drawing attendance from key figures including National Assembly leaders, state governors, ministers, and top presidential aides.
The newly signed legislation marks a significant milestone in Nigeria’s economic reform agenda. The bills—which include the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill—are the result of months of robust consultations and deliberations among lawmakers, tax experts, business leaders, and civil society groups.
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According to a statement from the presidency, these new tax laws are expected to overhaul the country’s tax administration system, ushering in a more transparent, efficient, and business-friendly environment. The reforms aim to expand the national revenue base, reduce leakages, and foster greater compliance, all while stimulating both local and foreign investment.
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