President Bola Tinubu has signed four significant tax reform bills into law, marking what he described as a bold step toward a new era of economic governance in Nigeria.
The bills were signed in the presence of top National Assembly officials, including Senate President Godswill Akpabio and House Speaker Tajudeen Abbas.
According to Tinubu, the reforms are not just about simplifying Nigeria’s complex tax codes but are also aimed at introducing the first major *pro-people* tax cuts in decades. He emphasized that the new laws are designed to provide targeted relief to low-income earners, small businesses, and families struggling to make ends meet.
The newly signed laws include:
1. **Nigeria Tax Bill (Fair Taxation)**
2. **Nigeria Tax Administration Bill**
3. **Nigeria Revenue Service (Establishment) Bill**
4. **Joint Revenue Board (Establishment) Bill**
Tinubu said the reforms are intended to:
* Unify Nigeria’s fragmented tax system
* Eliminate unnecessary duplications and inefficiencies
* Cut bureaucratic red tape
* Rebuild investor confidence
* Promote transparency and coordination across all levels of government
He called the move a major milestone in his administration’s broader strategy to foster economic growth, ensure fairness in taxation, and build a more accountable fiscal system.
