President Bola Ahmed Tinubu has signed into law four major tax reform bills aimed at strengthening Nigeria’s fiscal and revenue framework.
The signing ceremony took place at the Aso Rock Presidential Villa, Abuja, around 3:20 p.m. local time on Thursday.
The four bills signed into law 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 passed by the National Assembly after months of consultations with key stakeholders and interest groups.
“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,” said Presidential Spokesman, Bayo Onanuga.
The signing was witnessed by prominent government officials, including the Senate President, the Speaker of the House of Representatives, the Senate Majority Leader, the House Majority Leader, the Chairmen of the Senate and House Committees on Finance, as well as top members of the executive.
Also present were the Chairman of the Nigeria Governors’ Forum, Abdulrahman Abdulrazaq of Kwara State; the Chairman of the Progressives Governors’ Forum, Hope Uzodinma of Imo State; the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; and the Attorney-General of the Federation, Lateef Fagbemi.
One of the four, the Nigeria Tax Bill (Ease of Doing Business), seeks to consolidate Nigeria’s fragmented tax laws into a single harmonised 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 stated in a release on Wednesday night.
The second bill, the Nigeria Tax Administration Bill, establishes a uniform legal and operational framework for tax administration across federal, state, and local governments.
The third bill, the Nigeria Revenue Service (Establishment) Bill, repeals the current Federal Inland Revenue Service (FIRS) Act and establishes a more autonomous, performance-driven national revenue agency — the Nigeria Revenue Service (NRS).
This bill clearly defines the expanded mandate of the NRS, which includes non-tax revenue collection, and embeds stronger transparency, accountability, and operational efficiency measures.
The fourth, the Joint Revenue Board (Establishment) Bill, creates a formal governance structure to enable effective cooperation between revenue authorities at all levels of government. It also introduces key oversight mechanisms, including the establishment of a Tax Appeal Tribunal and an Office of the Tax Ombudsman.