President Tinubu to Sign Four Major Tax Reform Bills into Law Today

President Bola Ahmed Tinubu will today sign four key tax reform bills into law at the Presidential Villa in Abuja.

The bills includes Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill were recently passed by the National Assembly after extensive consultations with stakeholders across the country.

According to Bayo Onanuga, the President’s Special Adviser on Information and Strategy, these new laws aim to improve Nigeria’s tax system, increase revenue, support business growth, and attract both local and international investors.

The signing ceremony will be attended by top government officials including the Senate President, the Speaker of the House of Representatives, majority leaders from both chambers, and the finance committee chairmen from the Senate and House. Also expected are the Chairman of the Governors’ Forum, Chairman of the Progressives Governors Forum, the Minister of Finance, and the Attorney General of the Federation.

One of the key reforms, the Nigeria Tax Bill (Ease of Doing Business), seeks to simplify Nigeria’s complex tax system by merging multiple tax laws into one, cutting down the number of taxes and making it easier for businesses to comply.

The Nigeria Tax Administration Bill will establish a uniform legal and operational framework for tax administration across federal, state, and local governments.

The Nigeria Revenue Service (Establishment) Bill will replace the current FIRS Act and introduce a new agency—the Nigeria Revenue Service (NRS)—which will operate with more independence, transparency, and a focus on performance in both tax and non-tax revenue collection.

The Joint Revenue Board (Establishment) Bill will create a formal platform for collaboration among all tax authorities in the country. It will also set up critical oversight bodies such as a Tax Appeal Tribunal and the Office of the Tax Ombudsman.