President Bola Ahmed Tinubu on Thursday, June 26 ,2025 signed four Tax Bills passed by National Assembly into laws.
The laws are:
(1)Nigeria Tax Law.
(2)Nigerian Tax Administration Act.
(3.)National Revenue Service (Establishment) Act .
4.Joint Revenue Board (Establishment) Act
President Tinubu said the laws represent “a pivotal step towards building a robust and transparent tax system that supports national development, reduces dependency on oil, and encourages compliance.”
He said the laws are part of Nigeria broader economic reform agenda to stabilize revenues, promote fairness, and fund critical infrastructure and social services.
The President also said “the four laws will provide clarity, efficiency, and coordination across our tax system”
His administration is expected to use the newly enacted legislation to streamline tax administration, enhance inter-agency coordination, and strengthen oversight mechanisms at both the federal and subnational levels.