President Bola Tinubu has signed four tax reform bills into law, marking what he called the beginning of a bold new chapter in Nigeria’s economic governance.
The signing took place in the presence of key National Assembly leaders, including Senate President Godswill Akpabio and House Speaker Tajudeen Abbas.
Tinubu noted that the reforms aim to do more than just simplify tax codes—they are intended to drive broader economic transformation.
According to him, the reforms are meant to deliver the first major, pro-people tax cuts in a generation.
Specifically, he said they will provide targeted relief for low-income earners, small businesses and families working hard to make ends meet.
The four bills, which are now Acts, are the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
Tinubu said the policy will unify the country’s fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.