Victor EzejaPresident Bola Tinubu has signed four landmark tax reform bills into law.
The bills that were passed recently by the National Assembly aim at reforming Nigeria’s tax system for efficiency and enhancing business activities and the growth of the economy.
Join our WhatsApp ChannelAdditionally, the new tax laws were intended to increase investor confidence, eliminate duplication, and make the system more transparent and equitable.
The four bills are: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
The signing ceremony was held on Thursday, 26 June, at the Presidential Villa in Abuja.
According to a statement by the Presidency, the signing of the “four transformative tax bills” into law marks a bold step forward in Nigeria’s economic reform agenda.
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“These new laws aim to simplify tax processes, boost revenue, attract investment, and enhance the ease of doing business across the nation. From the Nigeria Tax Bill to the creation of a new Revenue Service and Joint Revenue Board, the reforms lay a solid foundation for a more transparent, efficient, and investor-friendly tax system,” the Presidency said.
Earlier, in a statement posted on his official X handle, President Tinubu explained that the new tax laws go beyond streamlining the existing tax codes. According to him, the new tax laws have become “the first major pro-people tax cuts in a generation,” aimed at providing relief for low-income earners, small businesses, and families working hard to make ends meet.
Tinubu stated that the new tax laws would unify the fragmented tax system, eliminate wasteful duplications, remove bureaucratic bottlenecks, and restore investor confidence in the economy.
He added that the laws would also foster transparency and coordination of tax activities at all levels.
“For too long, our tax system has been a patchwork—complex, inequitable, and burdensome. It has weighed down the vulnerable and shielded inefficiency,” Tinubu stated.
“That era ends today. We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria. A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity.
“We are also building a framework for the Nigeria of tomorrow — leaner, fairer, and laser-focused on unlocking opportunities for all.”
He commended the Presidential Fiscal Policy and Tax Reform Committee for its tireless work on the tax reform. He also extended his appreciation to the National Assembly for its rigorous review of the bills, and the subnationals for their critical contributions.
The president emphasised that his administration is not just signing new tax bills into law, “but rewriting the social contract.
“We are not there yet, but we are firmly on the road. This is our rallying cry: Simplify. Reform. Grow. Let the world know that Nigeria is open for business, and this time, everyone has a fair shot. We are betting on a new Nigeria and building it block by block,” the president added.
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
