Wednesday May 7, 2025 |
The Nigerian Senate has passed two of President Bola Ahmed Tinubu’s four proposed tax reform bills, marking a major step forward in the administration’s effort to overhaul the country’s revenue collection system, FirstNEWS reports.
The approved bills are the Nigeria Revenue Service Establishment Bill and the Joint Revenue Board Establishment Bill. Their passage followed the presentation and adoption of a report submitted by an ad hoc committee led by Senator Sani Musa, representing Niger East.
The committee had been tasked with resolving key issues and disagreements that initially surrounded the legislative proposals. During Wednesday’s plenary session, the Senate considered and debated each clause of the two bills in the Committee of the Whole.
Following deliberations, Senate President Godswill Akpabio announced the passage of the bills, which received overwhelming support through a voice vote.
The two approved bills are part of a broader tax reform agenda initiated by President Tinubu to improve transparency, efficiency, and coordination in Nigeria’s tax system.
The remaining two bills are still undergoing legislative scrutiny and are expected to be presented in due course.
These reforms come as Nigeria seeks to expand its revenue base amid growing economic pressures and declining oil revenues.
