President Bola Ahmed Tinubu will, on Thursday, June 26, 2025, sign into law four landmark tax reform bills aimed at overhauling Nigeria’s fiscal and revenue architecture, according to a State House press release signed by his Special Adviser on Information and Strategy, Bayo Onanuga.
The bills—Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill—were passed by the National Assembly following wide-ranging consultations with stakeholders across various sectors.
According to the presidency, the new legal framework is expected to bring about a “significant transformation in tax administration, boost revenue generation, improve the ease of doing business, and attract both domestic and foreign investment.”
The presidential signing ceremony will take place at the Presidential Villa in Abuja and will be witnessed by key government officials, including the Senate President, the Speaker of the House of Representatives, Majority Leaders of both chambers, and the Chairmen of the Senate and House Committees on Finance.
Also expected at the event are the Chairman of the Nigeria Governors Forum, the Chairman of the Progressives Governors Forum, the Minister of Finance and Coordinating Minister of the Economy, and the Attorney General of the Federation.
Key Features of the Bills
The Nigeria Tax Bill (Ease of Doing Business) seeks to harmonise Nigeria’s complex and fragmented tax laws into a single, streamlined statute. By reducing the multiplicity of taxes and eliminating duplication, the bill aims to lower the compliance burden on taxpayers and enhance Nigeria’s business climate.
The Nigeria Tax Administration Bill introduces a uniform legal and operational framework for tax administration across the three tiers of government. It is designed to foster greater efficiency and coordination among federal, state, and local tax authorities.
Under the Nigeria Revenue Service (Establishment) Bill, the Federal Inland Revenue Service (FIRS) will be replaced by a more autonomous and performance-driven entity—the Nigeria Revenue Service (NRS). The NRS will have a broader mandate that includes the collection of non-tax revenues and will be bound by new standards of transparency, accountability, and efficiency.
The Joint Revenue Board (Establishment) Bill, the fourth reform measure, sets up a formal governance structure for cooperation between revenue authorities at all levels. It also introduces critical oversight mechanisms, including the creation of a Tax Appeal Tribunal and an Office of the Tax Ombudsman to resolve taxpayer grievances and ensure fairness.
According to the statement, the reforms are part of President Tinubu’s broader economic agenda to make the Nigerian tax system “simpler, fairer, and more development-oriented.”
The historic legislation is expected to mark a major step forward in Nigeria’s efforts to improve fiscal discipline, close revenue leakages, and strengthen the country’s non-oil revenue base.
