- President Tinubu to Sign Landmark Tax Reform Bills into Law
- The new laws are expected to streamline tax administration
- The Nigeria Revenue Service (Establishment) Bill, seeks to repeal the existing Federal Inland Revenue Service (FIRS) Act
President Bola Tinubu is set to sign four transformative tax reform bills into law on Thursday, marking a major step in the overhaul of Nigeria’s fiscal and revenue system.
Eko Hot Blog reports that the announcement was made in a statement released on Wednesday by presidential spokesman Bayo Onanuga.
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The legislation—comprising the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill—recently received approval from the National Assembly after broad consultations with stakeholders and interest groups.
Once signed, the new laws are expected to streamline tax administration, enhance government revenue, promote ease of doing business, and attract both local and foreign investment.
The signing ceremony will take place at the Presidential Villa in Abuja and will be attended by key government officials, including the Senate President, Speaker of the House of Representatives, Majority Leaders of both chambers, and the chairmen of the Senate and House Committees on Finance.
Other dignitaries expected at the event include the Chairman of the Nigeria Governors’ Forum, the Chairman of the Progressive Governors’ Forum, the Minister of Finance and Coordinating Minister of the Economy, and the Attorney-General of the Federation.
According to Onanuga, “One of the four bills, the Nigeria Tax Bill (Ease of Doing Business), aims to consolidate Nigeria’s fragmented tax laws into a single, harmonized statute. By reducing the multiplicity of taxes and eliminating duplications, the bill will enhance the ease of doing business, lower compliance burdens for taxpayers, and create a more predictable fiscal environment.”
The Nigeria Tax Administration Bill, the second in the series, aims to create a unified legal and operational structure for tax administration across federal, state, and local governments.
The Nigeria Revenue Service (Establishment) Bill, the third, seeks to repeal the existing Federal Inland Revenue Service (FIRS) Act and establish a more independent and performance-oriented agency—the Nigeria Revenue Service (NRS).
This new agency will be empowered to handle both tax and non-tax revenue collection, with built-in mechanisms to enhance transparency, accountability, and operational effectiveness.
The fourth bill, titled the Joint Revenue Board (Establishment) Bill, introduces a formal governance framework to promote collaboration among revenue agencies at all levels.
It also includes key oversight measures, such as the creation of a Tax Appeal Tribunal and an Office of the Tax Ombudsman, to ensure fairness and improve taxpayer confidence.
