President Asiwaju Bola Ahmed has announced, “in a few hours” he will sign into law four landmark tax reform bills into law, which will usher in a “bold new era of economic governance in our country”.
The President said, Nigeria’s tax system has been a “patchwork – complex and burdensome” for too long, adding, “that era ends today”.
President Tinubu went ahead to list the four (4) new tax bills he will sign into law today, they are:
Nigeria Tax Bill (Fair Taxation)
Nigeria Tax Administration Bill,
Nigeria Revenue Service (Establishment) Bill
Joint Revenue Board (Establishment) Bill
He said, these four (4) tax reforms bills are designed to bring about the unification of Nigeria’s “fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence”.
The President expressed his gratitude to the Presidential Fiscal Policy and Tax Reform Committee and the National Assembly for their “tireless work and rigorous review” towards “keeping faith with this vision of reform”.
Taking to his official X account, via an announcement signed by himself on Thursday 26 June 2025, President Tinubu wrote: “Dear Nigerians,
“In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.
“These reforms go beyond streamlining tax codes. 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.
“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.
“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.
“I commend the Presidential Fiscal Policy and Tax Reform Committee for its tireless work, 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.
“However, this is a beginning, not an end.
“We are not just signing tax bills but rewriting the social contract. We are not there yet, but we are firmly on the road.
“This is our 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.”
