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President Bola Tinubu is set to sign four pivotal tax reform bills designed to revamp Nigeria's fiscal and revenue framework On Thursday.
This information was revealed in a statement from presidential spokesperson, Bayo Onanuga, on Wednesday.
The bills—comprising the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill—were recently approved by the National Assembly after thorough consultations with key stakeholders and interest groups.
Once these new tax laws are enacted, they are expected to greatly improve tax administration in Nigeria, increase revenue generation, enhance the business environment, and attract more domestic and foreign investments.
The historic signing event will occur at the Presidential Villa in Abuja and will be attended by senior government officials, including the Senate President, Speaker of the House of Representatives, Senate and House Majority Leaders, and the chairs of the Senate and House Finance Committees.
Additionally, 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 are also anticipated to attend.
According to Onanuga, “One of the four bills, the Nigeria Tax Bill (Ease of Doing Business), aims to unify Nigeria’s disjointed tax laws into a single, coherent statute.
By decreasing the number of taxes and removing redundancies, the bill will improve the business environment, reduce compliance burdens for taxpayers, and establish a more predictable fiscal framework.”
The Nigeria Tax Administration Bill aims to create a consistent legal and operational framework for tax administration across federal, state, and local governments.
The Nigeria Revenue Service (Establishment) Bill repeals the current Federal Inland Revenue Service (FIRS) Act and sets up a more autonomous, performance-oriented national revenue agency—the Nigeria Revenue Service (NRS).
This legislation broadens the agency’s role to encompass non-tax revenue collection and introduces measures to guarantee transparency, accountability, and operational efficiency.
Lastly, the Joint Revenue Board (Establishment) Bill establishes a formal governance structure to encourage collaboration among revenue authorities at all governmental levels.
It also includes significant oversight measures, such as the creation of a Tax Appeal Tribunal and an Office of the Tax Ombudsman.
