President Bola Tinubu
President Bola Tinubu has signed four landmark tax reform bills into law, marking a significant milestone in the country’s economic governance.
The ceremony, held on Thursday at the State House in Abuja, was attended by Senate President Godswill Akpabio and House Speaker Tajudeen Abbas, among other dignitaries.
The four new laws include the Nigeria Tax Bill (Fair Taxation), Tax Administration Bill, Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
According to Tinubu, these reforms will “reshape the nation’s tax landscape for the better” and introduce “Nigeria’s first major pro-people tax cuts in decades, aimed at reducing the burden on ordinary citizens”.
Tinubu emphasized that the new laws will provide “targeted relief for low-income earners, small businesses, and struggling families, helping them retain more of their hard-earned income”.
He added that the reforms will “unify Nigeria’s fragmented tax system, cut red tape, and eliminate overlapping functions across agencies”, ultimately boosting investor confidence and enhancing transparency.
The President noted that the policy will also “foster better coordination among tax authorities at all levels”, ensuring a more efficient and effective tax system.
With the signing of these bills, Tinubu has set the stage for a new era of economic governance in Nigeria, one that prioritizes fairness, transparency, and the welfare of its citizens.
