President Bola Tinubu has signed into law four pivotal tax reform bills aimed at overhauling Nigeria’s fiscal and revenue administration framework.
The signing ceremony took place at 3:20 p.m. on Thursday at the Presidential Villa in Aso Rock, Abuja.
The newly enacted laws are: the Nigeria Tax Bill (Ease of Doing Business), the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
These bills were passed by the National Assembly following extensive consultations with stakeholders and interest groups across the country.
Speaking on the significance of the new legislation, presidential spokesperson Bayo Onanuga said the reforms are expected to bring transformational changes to Nigeria’s tax administration. “They will drive increased revenue generation, improve the business climate, and stimulate both domestic and foreign investment,” he stated.
The signing was witnessed by key political leaders, including the Senate President, the Speaker of the House of Representatives, majority leaders of both chambers, and the chairmen of the Senate and House Committees on Finance.
Also in attendance were Kwara State Governor Abdulrahman Abdulrazaq, Chairman of the Nigeria Governors Forum; Imo State Governor Hope Uzodinma, Chairman of the Progressive Governors Forum; Minister of Finance and Coordinating Minister of the Economy Wale Edun; and the Attorney General of the Federation, Lateef Fagbemi.
One of the four bills is Nigeria Tax Bill, which aims to consolidate Nigeria’s numerous and fragmented tax laws into a single, harmonized statute. It aims to streamline the tax system, reduce the burden of compliance for taxpayers, and create a more predictable fiscal environment to support business growth.
The second bill, the Nigeria Tax Administration Bill, will establish a standardized legal and operational framework for tax administration across all tiers of government—federal, state, and local. It seeks to unify processes and reduce inconsistencies in tax collection and enforcement.
The Nigeria Revenue Service Bill, the third bill, replacing the Federal Inland Revenue Service Act, this bill establishes the Nigeria Revenue Service (NRS) as a more autonomous and performance-driven national tax authority. The NRS will now oversee both tax and non-tax revenue collections, with embedded mechanisms for transparency, accountability, and operational efficiency.
The fourth bill is the Joint Revenue Board (Establishment) Bill, this bill formalizes a collaborative governance structure for revenue authorities at all levels. It also introduces key oversight institutions, including a Tax Appeal Tribunal and an Office of the Tax Ombudsman, to enhance taxpayer protection and dispute resolution.
With these reforms, the Tinubu administration aims to modernize Nigeria’s tax system and position the country for sustainable economic growth.
