President Bola Tinubu is set to sign four major tax reform bills into law on Thursday, a move the Presidency says will significantly reshape Nigeria’s fiscal and revenue systems.
This was announced in a statement on Wednesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, titled “President Tinubu signs four tax bills into law tomorrow.”
The bills include:
- Nigeria Tax Bill (Ease of Doing Business)
- Nigeria Tax Administration Bill
- Nigeria Revenue Service (Establishment) Bill
- Joint Revenue Board (Establishment) Bill
According to Onanuga, the bills were passed by the National Assembly following extensive consultations with key stakeholders and are designed to enhance tax administration, boost revenue, improve the business environment, and attract both local and foreign investment.
The signing ceremony, scheduled to take place at the Presidential Villa in Abuja, will be attended by top government officials, including the Senate President, Speaker of the House of Representatives, majority leaders of both chambers, finance committee chairmen, and state governors.
Also expected are the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Attorney General of the Federation, Lateef Fagbemi.
The Nigeria Tax Bill seeks to streamline the country’s fragmented tax structure by consolidating multiple tax laws into a unified framework, thereby reducing compliance burdens and improving the ease of doing business.
The Tax Administration Bill aims to establish a standardized legal and operational framework for tax administration across all tiers of government.
The Nigeria Revenue Service Bill will replace the Federal Inland Revenue Service Act, establishing a more independent and efficient revenue agency—the Nigeria Revenue Service—with broader powers, including non-tax revenue collection.
The Joint Revenue Board Bill proposes a formal structure to coordinate tax administration efforts across federal, state, and local governments.
It also introduces key accountability features, such as a Tax Appeal Tribunal and the Office of the Tax Ombudsman.