President Bola Ahmed Tinubu will on Thursday sign into law four critical tax reform bills aimed at overhauling Nigeria’s fiscal and revenue administration framework.
This was disclosed by Bayo Onanuga, Special Adviser to the President on Information and Strategy, in a statement issued via his official X handle on Wednesday.
The four bills, the Nigeria Tax Bill (Ease of Doing Business), the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, were recently passed by the National Assembly following broad consultations with stakeholders across public and private sectors.
According to the Presidency, the new legislative framework is designed to consolidate Nigeria’s fragmented tax statutes, streamline revenue administration across all tiers of government, reduce compliance burdens and create a more predictable investment environment.
When operational, the tax laws are expected to strengthen Nigeria’s revenue generation capacity, enhance fiscal coordination, and promote investment inflows by simplifying and unifying tax regulations.
The reform aligns with the administration’s broader objective to reposition Nigeria as a competitive destination for domestic and foreign capital.
The presidential signing ceremony will take place at the Presidential Villa, Abuja, and will be witnessed by key government officials including the Senate President, Speaker of the House of Representatives, Senate and House Majority Leaders, Chairmen of the Senate and House Committees on Finance, the Minister of Finance and Coordinating Minister of the Economy, the Attorney General of the Federation, and representatives from the Nigeria Governors Forum.
A key component of the reform is the Nigeria Tax Bill (Ease of Doing Business), which harmonises existing tax legislation and aims to eliminate overlapping taxes and levies across federal, state, and local governments.
The bill is intended to improve Nigeria’s position in global ease-of-doing-business rankings by addressing fiscal inefficiencies and removing uncertainty in tax compliance procedures.
The Nigeria Tax Administration Bill introduces a unified legal and operational framework for tax administration. It sets standards for tax processes and governance structures at all levels of government, ensuring consistency and accountability in tax enforcement.
The Nigeria Revenue Service (Establishment) Bill, which repeals the existing Federal Inland Revenue Service Act, creates a new entity — the Nigeria Revenue Service (NRS). The NRS will operate with enhanced autonomy and performance-driven mandates, expanding its function to include non-tax revenue collection.
The Joint Revenue Board (Establishment) Bill establishes a formal governance platform for intergovernmental coordination on tax matters. It provides oversight mechanisms, including the creation of a Tax Appeal Tribunal and an Office of the Tax Ombudsman, to strengthen taxpayer rights, dispute resolution, and compliance monitoring.
The newly signed tax laws are expected to not only improve the country’s non-oil revenue base but also create a coherent policy environment that supports private sector growth and long-term macroeconomic stability.
Analysts note that with rising debt obligations and reduced oil receipts, Nigeria’s push to expand and modernise its tax system is a strategic imperative. The harmonisation of laws, improved administrative structures, and emphasis on taxpayer equity are critical to building a sustainable fiscal foundation.
The reforms also reflect global best practices in tax administration, with emphasis on digitalisation, compliance simplification, and inter-agency synergy.
