Tinubu to Sign Four Major Tax Reform Bills into Law Thursday

President Bola Tinubu will sign four landmark tax reform bills into law on Thursday, June 27, 2025, a move aimed at overhauling Nigeria’s fiscal and revenue systems, the Presidency has announced.

According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, the bills were passed by the National Assembly after extensive stakeholder consultations and are expected to:

Improve tax administration

Increase revenue generation

Enhance Nigeria’s ease of doing business

Boost both domestic and foreign investments

The Four Tax Reform Bills:

1. Nigeria Tax Bill (Ease of Doing Business)
Aims to consolidate fragmented tax laws, reduce multiple taxation, and improve the predictability of the fiscal environment.

2. Nigeria Tax Administration Bill
Establishes a uniform legal and operational framework for tax collection across federal, state, and local governments.

3. Nigeria Revenue Service (Establishment) Bill
Replaces the Federal Inland Revenue Service (FIRS) with a more autonomous and performance-driven agency—Nigeria Revenue Service (NRS). The bill expands the agency’s role to include non-tax revenue and includes stronger transparency and efficiency measures.

4. Joint Revenue Board (Establishment) Bill
Creates a unified structure for collaboration between all revenue authorities and establishes oversight bodies such as:

Tax Appeal Tribunal

Office of the Tax Ombudsman

Signing Ceremony at the Presidential Villa

The signing will take place at the Presidential Villa, Abuja, in the presence of:

Senate President Godswill Akpabio

House Speaker Tajudeen Abbas

Key legislative leaders

State governors including Abdulrahman Abdulrazaq and Hope Uzodinma

Finance Minister Wale Edun

Attorney General Lateef Fagbemi
 

The reforms are central to Tinubu’s economic agenda and aim to simplify tax compliance while improving Nigeria’s investment climate.