President Bola Ahmed Tinubu has announced plans to sign four major tax reform bills into law within hours, signalling what he described as “a bold new era of economic governance” for Nigeria.
In a statement issued ahead of the signing, the President said the bills — the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill — will overhaul the country’s fragmented tax system.
“These reforms go beyond streamlining tax codes,” Tinubu said. “They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet.”
According to the President, the legislation is aimed at unifying existing systems, eliminating duplication, reducing bureaucracy, and promoting transparency and coordination across all levels of government.
“For too long, our tax system has been a patchwork — complex, inequitable, and burdensome. It has weighed down the vulnerable and shielded inefficiency. That era ends today,” Tinubu said.
The President also credited the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, subnational governments, and citizens for their roles in shaping the reforms. He described the initiative as the beginning of a broader national shift toward a leaner and more opportunity-driven economic structure.
“We are not just signing tax bills but rewriting the social contract,” he stated. “This is our rallying cry: Simplify. Reform. Grow.”
Tinubu concluded by reaffirming his administration’s commitment to economic reform, declaring that “Nigeria is open for business, and this time, everyone has a fair shot.”
