President Tinubu to Sign Four Major Tax Reform Bills Into Law Tomorrow

By Eshiorameh Sebastian in Abuja

President Bola Tinubu will tomorrow, Thursday 26th June 2025, sign into law four tax reform bills that promise to transform Nigeria’s fiscal and revenue framework.

The legislation, passed by the National Assembly after extensive consultations with stakeholders, comprises the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed that the presidential assent ceremony at the Presidential Villa in Abuja will be witnessed by the Senate President, Speaker of the House of Representatives, Senate Majority Leader, House Majority Leader, chairmen of the Senate and House Committees on Finance, Chairman of the Governors Forum, Chairman of the Progressives Governors Forum, the Minister of Finance and Coordination Minister of the Economy, and the Attorney General of the Federation.

The Nigeria Tax Bill (Ease of Doing Business) aims to consolidate Nigeria’s fragmented tax laws into a 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 statement noted.

The Nigeria Tax Administration Bill establishes a uniform legal and operational framework for tax administration across all tiers of government, while the Nigeria Revenue Service (Establishment) Bill repeals the current Federal Inland Revenue Service Act to create a more autonomous Nigeria Revenue Service (NRS).

The new agency will have an expanded mandate including non-tax revenue collection, with built-in transparency and accountability mechanisms.

The fourth bill, the Joint Revenue Board (Establishment) Bill, provides a formal governance structure for cooperation between revenue authorities at federal, state and local levels. It introduces oversight mechanisms including a Tax Appeal Tribunal and Office of the Tax Ombudsman.

When operational, these laws are expected to significantly improve tax administration, increase revenue generation, and create a more favourable environment for both domestic and foreign investments.

The reforms represent one of the most comprehensive overhauls of Nigeria’s tax system in recent years, coming at a time when the government is seeking to boost non-oil revenue streams.