Tinubu Signs Four Tax Bills, Renames FIRS to Nigeria Revenue Service

|By Adejumo Adekunle-

-Tinubu Signs Landmark Tax Reform Bills into Law
–FIRS Renamed Nigeria Revenue Service, Implementation Begins January 2026

President Bola Ahmed Tinubu has signed into law four far-reaching tax reform bills, officially renaming the Federal Inland Revenue Service (FIRS) as the Nigeria Revenue Service (NRS).

The bills — Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill — mark a major shift in the country’s tax administration framework.

Speaking shortly after the signing on Thursday, Tinubu said the new legislation will deliver Nigeria’s first major pro-people tax cuts, providing relief for low-income earners, small businesses, and struggling families.

“This is a new dawn for the Nigerian economy. These reforms are designed to ease burdens, boost productivity, and support citizens working hard to stay afloat,” the President stated.

He further emphasized that the changes will position the economy for long-term stability and attract increased investment through streamlined, efficient, and transparent tax structures.

The new reforms are scheduled to take effect from January 1, 2026, giving regulatory bodies, businesses, and citizens ample time to adjust to the updated tax framework.

The establishment of the Joint Revenue Board under the new laws is expected to foster cooperation between federal and state tax authorities, eliminate double taxation, and improve revenue collection across the board.

This legislative milestone follows months of recommendations by the Presidential Committee on Fiscal Policy and Tax Reforms, which had called for the modernization and simplification of Nigeria’s outdated tax laws.