Tinubu to sign four Tax Reform Bills into law

President Bola Ahmed Tinubu is set to sign into law four key Tax Reform Bills, marking a major milestone in his administration’s efforts to revamp Nigeria’s fiscal framework and attract investment.

The legislation includes the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

The National Assembly recently passed all four after extensive consultations with stakeholders and rigorous technical reviews.

The ceremonial signing will take place at the State House in Abuja on Thursday, with high-level government officials and members of the business community expected in attendance.

According to a statement released on Wednesday by Bayo Onanuga, the President’s Special Adviser on Information and Strategy, the new laws are a cornerstone of Tinubu’s broader economic reform agenda. They are designed to simplify tax compliance, improve tax collection efficiency, and make Nigeria a more attractive destination for both local and foreign investors.

“These laws will significantly transform tax administration in the country, leading to increased revenue generation, an improved business environment, and a boost in domestic and foreign investments,” the statement read.

The reforms are also expected to address long-standing concerns about Nigeria’s complex tax structure, reduce bottlenecks in tax collection, and promote greater transparency in fiscal governance.

Observers say the move could help Nigeria shore up non-oil revenues, reduce its reliance on borrowing, and provide a more stable financial base for development projects across the country.