President Tinubu Poised to Sign Key Tax Overhaul Bills into Law
President Bola Tinubu will today assent to four critical tax reform bills, signaling a major milestone in the administration’s efforts to overhaul Nigeria’s fiscal and revenue architecture.
According to a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the bills—namely the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill—were passed by the National Assembly after extensive consultations with key stakeholders.
The proposed laws are designed to streamline tax administration, improve revenue mobilization, strengthen the business environment, and boost investor confidence, both locally and internationally.
The official signing ceremony is expected to take place at the Presidential Villa in Abuja, with attendance from top government figures, including the President of the Senate, the Speaker of the House of Representatives, chairs of relevant finance committees, the Minister of Finance, and the Attorney General of the Federation.
The Nigeria Tax Bill seeks to consolidate existing fragmented tax statutes into a unified, comprehensive framework. This harmonization is expected to reduce the incidence of multiple taxation and compliance complexities, thereby creating a more predictable and efficient fiscal environment.
The Nigeria Tax Administration Bill aims to establish a consistent and modern tax administration framework across all levels of government—federal, state, and local—eliminating duplication and inconsistencies in tax enforcement.
Replacing the current Federal Inland Revenue Service Act, the Nigeria Revenue Service (Establishment) Bill will create a more autonomous, performance-driven revenue authority. The agency will also assume oversight of non-tax revenues, while operating under enhanced transparency and accountability measures.
The Joint Revenue Board (Establishment) Bill is set to institutionalize cooperation between tax authorities across government tiers. It will introduce key mechanisms such as the Tax Appeal Tribunal and the Office of the Tax Ombudsman to strengthen dispute resolution and taxpayer protection.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, described the legislation as “a critical milestone” in the Tinubu administration’s economic reform agenda. He noted that the reforms are expected to significantly improve the fairness and efficiency of the tax system while raising Nigeria’s tax-to-GDP ratio, which currently ranks among the lowest in the world.
“Once enacted, these bills will lay the foundation for a more robust, inclusive, and sustainable tax regime,” Edun said, adding that the measures will also enhance fiscal transparency and reduce leakages in revenue collection.
The reforms come at a time when Nigeria is intensifying efforts to boost non-oil revenues and reduce dependence on external borrowing, positioning the country for more stable and self-reliant economic growth.
