President Bola Tinubu will sign the tax reform bills into law on Thursday as part of efforts to transform Nigeria’s fiscal and revenue framework.
Gatekeepers News reports that Bayo Onanuga, special adviser to the President on information and strategy, announced the development in a statement on Wednesday, noting that the signing ceremony will take place at the Presidential Villa in Abuja.
The billstransmitted to the president by the National Assembly on June 18—includes the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
Recall that the National Assembly had passed the bills in March following consultations with stakeholders.
According to Onanuga, the event will be witnessed by key government figures including the Senate President, Speaker of the House of Representatives, majority leaders from both chambers, the chairmen of the finance committees, and several top federal officials such as the Minister of Finance, Attorney General of the Federation, and the Chairman of the Governors’ Forum.
Onanuga said the new laws are expected to “significantly transform tax administration in Nigeria,” improving revenue generation, easing the business environment, and attracting both domestic and foreign investments.
He highlighted the Nigeria Tax Bill (Ease of Doing Business) as a major step toward consolidating the country’s fragmented tax laws into a unified statute.
By streamlining taxes and eliminating duplication, the bill aims to reduce compliance burdens, foster predictability, and enhance the ease of doing business.
The Nigerian 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 repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performance-driven national revenue agency — the Nigeria Revenue Service (NRS).
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
Onanuga added that the joint revenue board bill introduces essential oversight mechanisms, including establishing a tax appeal tribunal and an office of the tax ombudsman. It
