President Bola Tinubu has signed into law, four landmark tax reform bills aimed at unifying Nigeria’s fragmented tax structure.
The new tax laws were also targeted at removing duplication, boosting investor confidence, and making the system fairer and more transparent.
The signing ceremony, which took place on Thursday at the Presidential Villa in Abuja, marked what the President described as a “bold and foundational shift” in Nigeria’s fiscal policy direction.
The National Assembly passed the four bills—the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill—after consulting with a number of stakeholders and interest groups.
According to the presidency, the new tax laws will drastically change the way taxes are administered in the nation, which will raise revenue, improve the business climate, and attract more foreign and domestic investment.
