President Bola Tinubu has signed into law four landmark tax reform bills designed to overhaul Nigeria’s fiscal and revenue administration framework, in a move described as a major leap in the nation’s economic reform drive.
The signing ceremony, held at the Presidential Villa in Abuja, was witnessed by top government officials including the President of the Senate, the Speaker of the House of Representatives, the Senate and House Majority Leaders, as well as chairmen of the Senate and House Committees on Finance.
Also in attendance were the Chairman of the Nigeria Governors’ Forum, the Chairman of the Progressive Governors’ Forum, the Minister of Finance and Coordinating Minister of the Economy, and the Attorney General of the Federation.
The four newly enacted laws, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, were passed by the National Assembly after extensive consultations with a broad spectrum of stakeholders and interest groups nationwide.
