By: Eugene Upah 
ABUJA, NIGERIA – President Bola Ahmed Tinubu is poised to sign four significant tax reform bills into law today, marking what he describes as “a bold new era of economic governance” for Nigeria. The President announced the impending signing, emphasizing that the reforms will deliver “the first major, pro-people tax cuts in a generation.”
In a statement released to Nigerians, President Tinubu highlighted the core objectives of the legislation: “targeted relief for low-income earners, small businesses, and families working hard to make ends meet.”
He stressed that the current “patchwork” tax system, which he described as “complex, inequitable, and burdensome,” would be replaced by a framework that is “fair, transparent, and fit for a modern, ambitious Nigeria.”
The four bills slated for presidential assent are:
The Nigeria Tax Bill (Fair Taxation)
The Nigeria Tax Administration Bill
The Nigeria Revenue Service (Establishment) Bill
The Joint Revenue Board (Establishment) Bill
According to President Tinubu, these bills will unify Nigeria’s fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination across all levels of government.
“For too long, our tax system has weighed down the vulnerable and shielded inefficiency. That era ends today,” President Tinubu declared. He reiterated the government’s commitment to building a tax regime that “rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity.”
The President commended the Presidential Fiscal Policy and Tax Reform Committee for its diligent work, along with the National Assembly, subnational partners, and the Nigerian people for their contributions to this reform vision.
While acknowledging that this is “a beginning, not an end,” President Tinubu underscored the broader societal impact of these reforms. “We are not just signing tax bills but rewriting the social contract. We are not there yet, but we are firmly on the road.”
He concluded with a rallying cry: “Simplify. Reform. Grow. Let the world know that Nigeria is open for business, and this time, everyone has a fair shot. We are betting on a new Nigeria and building it block by block.”
The move comes as Nigeria seeks to diversify its revenue base and improve its ease of doing business, aiming to attract more foreign investment and foster local economic growth.
