President Tinubu Enacts Tax Reform Bills Into Law

President Bola Tinubu has officially signed into law four key tax reform bills aimed at overhauling Nigeria’s fiscal and revenue systems.

The signing took place at the Aso Rock Presidential Villa in Abuja at approximately 3:20 p.m. local time on Thursday.

The four pieces of legislation are the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

These bills were enacted by the National Assembly following extensive consultations with various stakeholders and interest groups.

According to presidential spokesperson Bayo Onanuga, “When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments.”

Present at the signing were the Senate President, the Speaker of the House of Representatives, the Senate and House Majority Leaders, and the chairpersons of the Senate and House Committees on Finance.

Other dignitaries included the Chairman of the Governors Forum, Kwara State Governor Abdulrahman Abdulrazaq; the Chairman of the Progressives Governors Forum, Imo State Governor Hope Uzodinma; the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; and the Attorney General of the Federation, Lateef Fagbemi.

One of the laws, the Nigeria Tax Bill (Ease of Doing Business), is designed to unify the country’s fragmented tax laws into a single, streamlined statute.

“By reducing the multiplicity of taxes and eliminating duplication, the bill will enhance the ease of doing business, reduce taxpayer compliance burdens, and create a more predictable fiscal environment,” the Presidency noted in a statement on Wednesday night.

The Nigeria Tax Administration Bill, the second law, seeks to create a standardized legal and operational framework for tax administration across all tiers of government.

The third law, the Nigeria Revenue Service (Establishment) Bill, repeals the existing Federal Inland Revenue Service Act and introduces a new, more autonomous and performance-oriented revenue body — the Nigeria Revenue Service.

It outlines an expanded mandate for the NRS, including the collection of non-tax revenues, and establishes guidelines for transparency, accountability, and operational efficiency.

The fourth piece of legislation, the Joint Revenue Board (Establishment) Bill, provides for a structured framework to enhance collaboration among federal, state, and local revenue authorities. It also includes vital oversight provisions, such as the creation of a Tax Appeal Tribunal and the establishment of an Office of the Tax Ombudsman.