Tinubu signs tax reform bills into law

Tinubu signs tax reform bills into law

President Bola Ahmed Tinubu on Thursday signed into law four tax reform bills—Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill.

The were recently passed by the National Assembly after what officials described as “extensive consultations” with interest groups and stakeholders.

The signing ceremony held on Thursday at the Presidential Villa in Abuja was attended by members of the National Assembly, governors, ministers, and presidential aides.

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While the presidency maintains that “the new tax laws will significantly transform tax administration in the country,” critics—especially from the North—have raised concerns that the reforms may disadvantage their region.

According to the presidency, the laws are expected to “lead to increased revenue generation, improved business environment, and a boost in domestic and foreign investments.” It further said the reforms align with President Tinubu’s broader economic agenda to “strengthen the economy and attract more investments.”