Tinubu Set to Sign Four Tax Reform Bills Into Law

President Bola Tinubu will on Thursday, July 4, 2025, sign into law four comprehensive tax reform bills aimed at overhauling Nigeria’s fiscal and revenue framework, the Presidency has announced.

The President’s Special Adviser on Information and Strategy, Bayo Onanuga, disclosed the development in a statement titled “President Tinubu Signs Four Tax Bills Into Law Tomorrow.”

The tax reform package includes:

1. Nigeria Tax Bill (Ease of Doing Business)
2. Nigeria Tax Administration Bill
3. Nigeria Revenue Service (Establishment) Bill
4. Joint Revenue Board (Establishment) Bill

These bills, passed by the National Assembly following extensive consultations with stakeholders, are expected to drive significant changes in Nigeria’s tax system. According to Onanuga, the reforms aim to streamline tax administration, enhance revenue generation, improve the ease of doing business, and attract both local and foreign investments.

The signing ceremony, scheduled to take place at the Presidential Villa in Abuja, will be attended by key political and economic figures, including the Senate President, the Speaker of the House of Representatives, majority leaders from both chambers, and the chairpersons of the Senate and House Committees on Finance. Also expected are Kwara State Governor Abdulrahman Abdulrazaq, who chairs the Nigeria Governors’ Forum, Imo State Governor Hope Uzodinma of the Progressives Governors Forum, Finance Minister Wale Edun, and Attorney General of the Federation Lateef Fagbemi.

Overview of the Tax Bills

1. Nigeria Tax Bill (Ease of Doing Business): This bill seeks to unify Nigeria’s fragmented tax laws into a single legal framework, eliminating duplication and reducing the burden of compliance. It is expected to create a more business-friendly and predictable fiscal environment.
2. Nigeria Tax Administration Bill: This legislation introduces a harmonized legal and operational framework for tax administration across all tiers of government—federal, state, and local—ensuring consistency and efficiency in tax enforcement and collection.
3. Nigeria Revenue Service (Establishment) Bill: Replacing the Federal Inland Revenue Service (FIRS) Act, this bill establishes the Nigeria Revenue Service (NRS), a more autonomous and performance-driven agency with an expanded mandate that includes the collection of non-tax revenues. It also introduces mechanisms to strengthen transparency and accountability.
4. Joint Revenue Board (Establishment) Bill: This bill creates a structured platform for intergovernmental coordination of tax efforts, including the establishment of a Tax Appeal Tribunal and a Tax Ombudsman to resolve disputes and protect taxpayer rights.

These reforms mark a significant step in President Tinubu’s broader economic agenda to modernize Nigeria’s public finance system and improve governance in revenue collection.