President Bola Tinubu is expected to formally sign four crucial tax-related bills into law today, marking a significant overhaul of Nigeria’s fiscal and revenue administration system.
According to a statement issued yesterday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, the legislative reforms are designed to reshape the country’s tax environment.
He described them as “transformative steps that will transform Nigeria’s fiscal and revenue framework.”
The four bills, Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, recently cleared the National Assembly following what Onanuga said were “extensive consultations with various interest groups and stakeholders.”
He noted that once operational, these new laws would overhaul how taxes are administered in Nigeria, with far-reaching implications for the economy.
“They would significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” he explained.
The signing ceremony, which will take place at the Presidential Villa in Abuja, is expected to be witnessed by top-ranking government officials, including the Senate President, Speaker of the House of Representatives, Senate Majority Leader, House Majority Leader, as well as the Chairmen of the Senate and House Committees on Finance.
Other attendees include the Chairman of the Governors’ Forum, Chairman of the Progressives Governors’ Forum, Minister of Finance and Coordinating Minister of the Economy, and the Attorney General of the Federation, Onanuga added.
Among the four bills, the Nigeria Tax Bill—tagged the “Ease of Doing Business” legislation—seeks to streamline and consolidate the country’s fragmented tax statutes into a single, harmonized law.
Onanuga explained that “by reducing the multiplicity of taxes and eliminating duplication, the bill will enhance the ease of doing business, reduce taxpayer compliance burdens, and create a more predictable fiscal environment.”
The Nigeria Tax Administration Bill introduces a standardized legal and operational framework for tax collection across the federal, state, and local government levels, ensuring uniformity and consistency.
Meanwhile, the Nigeria Revenue Service (Establishment) Bill repeals the existing Federal Inland Revenue Service Act.
It paves the way for a more autonomous and efficient national tax agency—the Nigeria Revenue Service (NRS).
The bill spells out the NRS’s broader mandate, including its authority to collect non-tax revenues, and integrates provisions to ensure transparency, accountability, and efficiency.
The final piece of the legislative package, the Joint Revenue Board (Establishment) Bill, proposes a comprehensive governance structure to promote collaboration among revenue authorities at all tiers of government.
It also creates new oversight institutions, such as a Tax Appeal Tribunal and an Office of the Tax Ombudsman, to strengthen dispute resolution and taxpayer rights.
