President Bola Tinubu has signed four (4) new tax reform bills into law that will “simplify our tax regime”, as well as, “deliver Nigeria’s first major, pro-people tax cuts in a generation”.
The President signed the four (4) new tax and fiscal reform bills into law on Thursday 26 June, 2025 at the Aso Villa, Abuja.
He said, the move marked a “new dawn in Nigeria’s economic governance.”
The new laws will make available “relief for low-income earners, small businesses and working families” all over Nigeria.
He said, the implementation will start effective on January 1, 2026.
President Tinubu said on X: “Earlier, I signed into law four historic tax and fiscal bills at the Aso Villa, marking a new dawn in Nigeria’s economic governance.
“These new laws simplify our tax regime and deliver Nigeria’s first major, pro-people tax cuts in a generation. They also provide targeted relief for low-income earners, small businesses, and working families across the country.
“The following Acts will now be gazetted as laws of the Federal Republic of Nigeria:
• The Nigeria Tax (Fair Taxation) Act
• The Nigeria Tax Administration Act
• The Nigeria Revenue Service (Establishment) Act
• The Joint Revenue Board (Establishment) Act
“Implementation will commence effective January 1, 2026.
“God bless the Federal Republic of Nigeria.”
