NIGERIA: Tinubu to Sign Four Tax Reform Bills into Law 

By Ameenat Hamzat, Lagos, Nigeria

President Bola Tinubu will on Thursday, June 26, 2025, sign into law four tax reform bills aimed at restructuring Nigeria’s fiscal and revenue system.

This was disclosed on Wednesday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a statement titled ‘President Tinubu signs four tax bills into law tomorrow’.

The bills to be signed include the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

According to the Presidency, the bills were passed by the National Assembly following months of consultations with stakeholders and interest groups.

The statement reads: “When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments.”

The signing ceremony will take place at the Presidential Villa, Abuja, and will be witnessed by the Senate President, the Speaker of the House of Representatives, the Senate Majority Leader, the House Majority Leader, and chairmen of the Senate and House Committees on Finance.

Also expected at the event are the Chairman of the Nigeria Governors’ Forum and Kwara State Governor, Abdulrahman Abdulrazaq; the Chairman of the Progressives Governors Forum and Imo State Governor, Hope Uzodinma; the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; and the Attorney General of the Federation, Lateef Fagbemi.

One of the bills, the Nigeria Tax Bill (Ease of Doing Business), seeks to harmonise Nigeria’s fragmented tax laws and reduce the multiplicity of taxes to improve the ease of doing business.

The Nigeria Tax Administration Bill provides for a uniform legal and operational framework for tax administration across all levels of government.

The Nigeria Revenue Service (Establishment) Bill repeals the Federal Inland Revenue Service Act and establishes the Nigeria Revenue Service as a more autonomous and performance-driven agency with an expanded mandate that includes non-tax revenue collection.

The Joint Revenue Board (Establishment) Bill sets up a formal governance structure to coordinate cooperation among federal, state, and local revenue authorities. It also establishes a Tax Appeal Tribunal and an Office of the Tax Ombudsman to provide oversight and address taxpayer grievances.