Tinubu Signs Four Landmark Tax Bills, Promises Economic Relief for Nigerians

|By Adejumo Adekunle-

-Tinubu Unveils Landmark Tax Reforms to Support Low-Income Earners, Small Businesses.

–Says New Tax Laws Will Streamline Governance, Attract Investment, and Ease the Burden on Families.

President Bola Ahmed Tinubu has signed four historic tax reform bills into law, promising that the move would usher in a bold new era of economic governance for Nigeria and deliver pro-people tax reliefs across board.

The president made this known in a post shared via his official X handle on Thursday, affirming that the tax reform effort goes beyond revising codes and now focuses on real impact for struggling families, low-income earners, and small businesses.

“In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country,” Tinubu said.
“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation — targeted relief for low-income earners, small businesses, and families working hard to make ends meet.”

The newly signed laws include:

• Nigeria Tax Bill

• Nigeria Tax Administration Bill

• Nigeria Revenue Service (Establishment) Bill

• Joint Revenue Board (Establishment) Bill

According to President Tinubu, these reforms will unify the country’s fragmented tax system, eliminate duplication of responsibilities among tax agencies, cut bureaucratic red tape, and enhance coordination between federal and subnational revenue services.

He stressed that the new legal framework will also restore investor confidence, boost transparency, and reduce the compliance burden on citizens and corporate taxpayers.

The bills had been in public debate for several months after Tinubu sent them to the National Assembly on October 3, 2024. Among the most contentious issues was the Value Added Tax (VAT) sharing formula, which drew strong opposition from some northern governors.

Despite the resistance, the president maintained that the long-term goal is to modernize Nigeria’s tax structure in a way that fuels inclusive economic growth, encourages job creation, and lifts millions out of poverty.