President Bola Ahmed Tinubu, on Thursday, June 26, 2025, signed into law four tax reform bills on key areas of Nigeria’s fiscal and revenue framework, which have been passed by the National Assembly after months of consultations with various interest groups and stakeholders.
Tinubu signed the bills at a ceremony held at the Aso Rock Presidential Villa, Abuja, at about 03:20pm local time on Thursday.
The four bills signed at a ceremony held at the Aso Rock Presidential Villa, around 3: 20pm are: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
The presidential assent to the bills was witnessed by the Senate President, Speaker of the House of Representatives, Senate Majority Leader, House Majority Leader, chairman of the Senate Committee on Finance, his House counterpart, Chairman of the Governors Forum, Abdulrahman Abdulrazaq of Kwara State; Chairman of the Progressives Governors Forum, Hope Uzodinma of Imo State; Minister of Finance and Coordination Minister of the Economy, Wale Edun; and Attorney General of the Federation, Lateef Fagbemi.
One of the four bills is the Nigeria Tax Bill (Ease of Doing Business), which aims to consolidate Nigeria’s fragmented tax laws into a harmonised statute.
“By reducing the multiplicity of taxes and eliminating duplication, the bill will enhance the ease of doing business, reduce taxpayer compliance burdens, and create a more predictable fiscal environment,” said the Presidency in a statement Wednesday night.
The second bill, the Nigeria Tax Administration Bill, will establish a uniform legal and operational framework for tax administration across federal, state, and local governments.
The Nigeria Revenue Service (Establishment) Bill, the third bill, repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performance-driven national revenue agency— the Nigeria Revenue Service.
It defines the NRS’s expanded mandate, including non-tax revenue collection, and lays out transparency, accountability, and efficiency mechanisms.
The fourth bill is the Joint Revenue Board (Establishment) Bill.
It provides for a formal governance structure to facilitate cooperation between revenue authorities at all levels of government. It introduces essential oversight mechanisms, including establishing a Tax Appeal Tribunal and an Office of the Tax Ombudsman.
