Thursday June 26, 2025
By Edem EDEM
Abuja
President Bola Ahmed Tinubu is expected to sign into law four historic tax reform bills on Thursday, June 26, marking a significant step toward reshaping Nigeria’s fiscal framework and enhancing investor confidence.
The bills Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill were recently passed by the Nationality Assembly after comprehensive stakeholder engagements and technical evaluations.
The ceremonial signing is scheduled to take place at the State House, Abuja.
A statement on Wednesday by Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the legislation as a major step forward in President Tinubu’s economic reform agenda, with the new legal framework expected to simplify tax compliance, enhance revenue generation, and improve the overall ease of doing business in Nigeria.
“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 said.
The signing ceremony will be witnessed by key government officials including the President of the Senate, the Speaker of the House of Representatives, majority leaders of both chambers, the chairmen of the Senate and House Committees on Finance, the Chairman of the Nigeria Governors’ Forum, the Chairman of the Progressives Governors’ Forum, the Minister of Finance and Coordinating Minister of the Economy, and the Attorney General of the Federation.
