President Bola Ahmed Tinubu is poised to enact four significant Tax Reform Bills into law, representing a major step in his administration’s drive to overhaul Nigeria’s fiscal system and boost investment.
The legislation comprises the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
All four bills were recently passed by the National Assembly following extensive stakeholder consultations and thorough technical evaluations.
The ceremonial signing is scheduled to take place on Thursday at the State House in Abuja, with top government officials and key members of the business community expected to attend.
In a statement released on Wednesday, Bayo Onanuga, Special Adviser to the President on Information and Strategy, described the new laws as a central pillar of President Tinubu’s broader economic reform strategy. The legislation aims to simplify tax compliance, enhance collection efficiency, and position Nigeria as a more attractive destination for both local and international investors.
“These laws will bring about a significant transformation in tax administration across the country, resulting in increased revenue, a better business climate, and a rise in both domestic and foreign investments,” the statement noted.
