Eric Patrick
President Bola Tinubu is set to sign into law four major tax reform bills on Thursday, a move the Presidency says will “transform Nigeria’s fiscal and revenue framework.”
Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement he signed Wednesday evening titled, ‘President Tinubu signs four tax bills into law tomorrow.’
The bills to be signed are Nigeria Tax Bill (Ease of Doing Business), Nigeria Tax Administration Bill, Nigeria Revenue Service, (Establishment) Bill, Joint Revenue Board (Establishment) Bill.
These bills were passed by the National Assembly following extensive consultations with stakeholders and interest groups nationwide.
“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Onanuga stated.
The signing ceremony will take place at the Presidential Villa in Abuja and will be attended by top government officials, including the Senate President, Speaker of the House of Representatives, Senate and House Majority Leaders, and the chairmen of the Senate and House Committees on Finance.
Also expected at the event are Kwara State Governor and Chairman of the Nigeria Governors Forum, Abdulrahman Abdulrazaq; Imo State Governor and Chairman of the Progressives Governors Forum, Hope Uzodinma; Minister of Finance and Coordinating Minister of the Economy, Wale Edun; and Attorney General of the Federation, Lateef Fagbemi.
One of the key reforms, the Nigeria Tax Bill (Ease of Doing Business), seeks to consolidate Nigeria’s multiple and fragmented tax laws into a single harmonised statute.
“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.
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The Nigeria Tax Administration Bill will provide a uniform legal and operational framework for tax administration across federal, state, and local levels, improving coherence and coordination in tax collection.
The Nigeria Revenue Service (Establishment) Bill will repeal the current Federal Inland Revenue Service (FIRS) Act and establish the Nigeria Revenue Service (NRS) as a more autonomous, performance-driven agency.
The bill expands its mandate to include non-tax revenue collection and introduces mechanisms for transparency, accountability, and operational efficiency.
Lastly, the Joint Revenue Board (Establishment) Bill will create a formal governance structure to foster cooperation among revenue agencies at all levels.
It will also introduce key oversight institutions such as a Tax Appeal Tribunal and an Office of the Tax Ombudsman to resolve disputes and promote taxpayer rights.
The new laws are expected to overhaul Nigeria’s tax system, streamline revenue collection, and attract more investment by creating a stable and business-friendly environment.