President Tinubu Signs Nigeria’s 4 Tax Reform Bills Into Law 

 

 

Nigerian President, Bola Ahmed Tinubu, has signed Nigeria’s four landmark tax reform bills into law, ushering in a bold new era of economic governance in Nigeria.

 

The President signed the bills on Thursday, June 26, 2025 at the State House in the Federal Capital, Abuja.

 

The four bills signed into law are:

 

1. Nigeria Tax Bill

2. The Nigerian Tax Administration bill

3. National Revenue Service (Establishment) bill

4. Joint Revenue Board (Establishment) Bill.

Mr Tinubu signed the bills on Thursday afternoon at the State House, Abuja.

 

Following the signing of the bills, the Chairman of the Federal Inland Revenue Service (FIRS), Zachaeus Adedeji, and that of the Presidential Committee on Tax and Fiscal Reforms, Taiwo Oyedele, addressed journalists.

 

Part of the reforms is the renaming of the FIRS to the National Revenue Service with an expanded scope of revenue collection and not just tax.

 

The heads of the Senate and House committees on finance also attended the signing and the press briefing.

 

The effective date for the implementation of the new laws is 1 January 2026.

 

Prior to signing the bills, President Tinubu released a statement on his official Facebook page, describing the bills as “landmark tax reform bills into law, ushering in a bold new era of economic governance in Nigeria.”

 

According to him, these reforms go beyond streamlining tax codes, adding that they deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet.

 

He said “the four bills – the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”

 

According to him, “For too long, our tax system has been a patchwork—complex, inequitable, and burdensome. It has weighed down the vulnerable and shielded inefficiency. That era ends today.”

 

“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria. A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity.”

 

“We are also building a framework for the Nigeria of tomorrow — leaner, fairer, and laser-focused on unlocking opportunities for all.”

 

He commended Nigeria’s Presidential Fiscal Policy and Tax Reform Committee for its tireless work, saying “the National Assembly for its rigorous review, our subnational partners for their critical contributions, and, most importantly, the Nigerian people for keeping faith with this vision of reform.”