President Bola Ahmed Tinubu has signed four major tax reform bills into law, heralding what he described as a bold new era of economic governance aimed at unifying Nigeria’s fragmented tax system and easing the burden on everyday citizens.
The signing ceremony took place in Abuja in the presence of key members of the National Assembly, including Senate President Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas.
Speaking at the event, President Tinubu emphasized that the new laws go beyond simplifying tax codes. He described them as the “first major, pro-people tax cuts in a generation,” designed to provide targeted relief for low-income earners, small businesses, and working families striving to make ends meet.
The four bills, now signed into law, include:
The Nigeria Tax Bill (Fair Taxation)
The Nigeria Tax Administration Bill
The Nigeria Revenue Service (Establishment) Bill
The Joint Revenue Board (Establishment) Bill
According to the President, these reforms will eliminate bureaucratic bottlenecks, cut down on duplication and inefficiency, and promote transparency and investor confidence.
“This marks a turning point in our economic management strategy. We are putting the people first by making taxation fair, coordinated, and development-driven,” Tinubu said.
Analysts view the reforms as a significant step toward restoring public trust in Nigeria’s revenue system and improving fiscal sustainability.
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