Tinubu signs historic Tax Reform Bills to law Thursday

President Bola Ahmed Tinubu will on Thursday sign into law four historic tax reform bills set to overhaul Nigeria’s fiscal landscape, streamline tax administration, and boost investor confidence.

The four bills — the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill — were recently passed by the National Assembly following extensive stakeholder consultations and technical reviews.

The ceremonial signing is scheduled to take place at the State House, Abuja.

A statement on Wednesday by Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the legislation as a major step forward in President Tinubu’s economic reform agenda, with the new legal framework expected to simplify tax compliance, enhance revenue generation, and improve the overall ease of doing business in Nigeria.

“These laws will significantly transform tax administration in the country, leading to increased revenue generation, an improved business environment, and a boost in domestic and foreign investments,” the statement said.