President Bola Ahmed Tinubu, GCFR, on Thursday, June 26, 2025, signed four major tax reform bills into law during an official ceremony held at the Presidential Villa, Abuja.
He was joined by the Chairman of the Nigeria Governors’ Forum (NGF), Governor AbdulRahman AbdulRazaq, CON, and several other state governors to witness the historic occasion.
The newly enacted laws are:
The Nigeria Tax (Fair Taxation) Act
The Nigeria Tax Administration Act
The Nigeria Revenue Service (Establishment) Act
The Joint Revenue Board (Establishment) Act
These reforms mark a significant milestone in Nigeria’s fiscal policy landscape and come after extensive consultations and collaboration between federal and state authorities through the Presidential Tax Reform Committee.
The objective of the new laws is to streamline the nation’s tax system, boost revenue generation, foster a more business-friendly environment, and attract both domestic and international investment. The reforms are expected to promote transparency, efficiency, and fairness across all levels of taxation.
