President Bola Ahmed Tinubu has signed four pivotal tax reform bills into law, signaling a major shift in Nigeria’s fiscal polic...
President Bola Ahmed Tinubu has signed four pivotal tax reform bills into law, signaling a major shift in Nigeria’s fiscal policy aimed at improving revenue generation and strengthening economic stability.
The signing ceremony, held at the Presidential Villa in Abuja, was witnessed by top government officials, including Senate President Godswill Akpabio, Speaker of the House of Representatives Tajudeen Abbas, and Minister of Finance Wale Edun.
The newly enacted laws are:
Nigeria Tax Bill
Nigeria Tax Administration Bill
Nigeria Revenue Service (Establishment) Bill
Joint Revenue Board (Establishment) Bill
These legislative measures are designed to streamline the country's tax system, eliminate bottlenecks in tax collection, and foster greater transparency and accountability within tax administration.
According to the presidency, the reforms are expected to broaden Nigeria’s tax base, improve fiscal discipline, and provide a more stable foundation for sustainable economic growth.
The new legal framework aligns with President Tinubu’s broader economic agenda to reposition Nigeria as a competitive and investment-friendly economy.
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