In a major step towards overhauling Nigeria’s fiscal and revenue systems, President Bola Ahmed Tinubu is set to sign into law four comprehensive tax reform bills on Thursday at the Presidential Villa, Abuja.
The bills, the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, were recently passed by the National Assembly following wide-ranging consultations with stakeholders across the public and private sectors.
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Designed to modernize and streamline Nigeria’s tax framework, the laws are expected to boost government revenue, promote investor confidence, and significantly improve the ease of doing business in the country.
Top government officials, including the Senate President, Speaker of the House of Representatives, Senate and House Majority Leaders, and chairpersons of the Finance Committees, will witness the signing. Also in attendance will be the Chairman of the Governors Forum, the Minister of Finance and Coordinating Minister of the Economy, the Attorney General of the Federation, and the Chairman of the Progressives Governors Forum.
A key highlight of the reform is the Nigeria Tax Bill (Ease of Doing Business), which aims to unify Nigeria’s fragmented tax laws into a single, coherent statute. This will reduce the burden on taxpayers, eliminate overlapping tax structures, and enhance predictability for businesses.
The Nigeria Tax Administration Bill introduces a unified legal and operational framework for tax administration across federal, state, and local governments, ensuring consistency and efficiency.
Replacing the existing FIRS Act, the Nigeria Revenue Service (Establishment) Bill creates the Nigeria Revenue Service (NRS), a more autonomous and performance-driven body responsible for tax and non-tax revenue collection. It emphasizes transparency, accountability, and operational independence.
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Finally, the Joint Revenue Board (Establishment) Bill sets up a formal coordination structure among the various revenue authorities, and includes provisions for a Tax Appeal Tribunal and an Office of the Tax Ombudsman, critical for promoting taxpayer rights and dispute resolution.
The landmark signing signals the Tinubu administration’s commitment to a transparent, business-friendly, and growth-driven economic reform agenda.
