The national assembly has transmitted the tax reform bills to President Bola Ahmed Tinubu for assent.
Gatekeepers News reports that Yemi Adaramodu, chairman of the Senate Committee on Media and Public Affairs, revealed this during a press briefing at the National Assembly Complex on Tuesday.
He said, “ Yes, the bill has now been transmitted. It is out of our hands and on its way to the executive.”
The legislative package includes four bills: the Joint Revenue Board (Establishment) Bill, the Nigeria Revenue Service (Establishment) Bill, the Nigeria Tax Administration Bill, and the Nigeria Tax Bill.
The bills aim to modernise Nigeria’s tax system, expand the tax base, and improve coordination between federal, state, and local tax authorities.
The bills are designed to modernise tax administration, broaden the tax base, and enhance coordination across federal, state, and local levels.
Recall that the bills were initially sent to the national assembly by Tinubu in November 2024 as part of his administration’s Renewed Hope economic agenda.
The harmonised versions were subsequently approved by both the Senate and the House of Representatives on May 25.
Adaramodu explained that the passage process required detailed legal scrutiny to ensure consistency with existing laws before final transmission.
He said, “Tax bills like these require careful scrutiny. Legal departments in both chambers must ensure they align with existing laws before we send them to the presidency.”
“It’s not a matter of two or three days. After harmonisation, the clerk of the national assembly prepares the final document. Only then can the senate president and the speaker sign off for transmission.”
The chairman of the Senate committee added that the joint committees, legal review teams, and legislative aides worked on the final drafts.
