President Bola Tinubu has signed four tax reform bills into law, which his administration describes as a landmark step toward overhauling Nigeria’s economic governance.
The signing ceremony at the Presidential Villa on Thursday was witnessed by Senate President Godswill Akpabio, Speaker of the House of Representatives Tajudeen Abbas, principal officers of the National Assembly, the Minister of Finance, the Attorney-General of the Federation, and other senior government officials.
The president said the new laws – the Nigeria Tax Bill, Tax Administration Bill, Revenue Service Establishment Bill, and Joint Revenue Board Bill – aim to unify Nigeria’s fragmented tax system, cut red tape, eliminate duplication, and promote transparency across all levels of government.
He added that the reforms deliver Nigeria’s first major pro-people tax cuts in a generation, targeting low-income earners, small businesses, and struggling families.
President Tinubu said the old tax regime was complex and inequitable, burdening the vulnerable while protecting inefficiencies. He called the new laws the beginning of a fairer system that rewards enterprise and protects productivity.
He commended the Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigerians for supporting the vision, but stressed the work is not over.
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