June 25, 2025
By Ayinde Adeleke
President Bola Tinubu is set to sign four tax reform bills into law on Thursday, transforming Nigeria’s fiscal and revenue framework.
The bills include the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, the new tax laws will “significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments.”
The bills aim to consolidate Nigeria’s tax laws, reduce multiplicity of taxes, and eliminate duplication. “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 explained.
The tax reform bills will establish a uniform framework for tax administration, create a more autonomous revenue agency, and facilitate cooperation between revenue authorities.
The ceremony will be attended by key stakeholders, including the Senate President, Speaker of the House of Representatives, and state governors.
The signing of the bills into law is expected to have a positive impact on Nigeria’s economy, making it more attractive for businesses and investors.
