By Peter Omopo
Abuja, June 26, 2025 — President Bola Ahmed Tinubu on Thursday announced that the signing of four landmark tax reform bills will usher in a transformative era for Nigeria’s economy, pledging a simplified, pro-people fiscal environment aimed at attracting investment and easing burdens on ordinary citizens.
In a statement shared via his official X (formerly Twitter) handle, the President confirmed that the new laws would reset Nigeria’s economic trajectory by overhauling its complex and fragmented tax system.
“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 declared.
He used the occasion to reaffirm Nigeria’s commitment to becoming a more business-friendly destination, stating, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”
The four bills—the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill—are designed to unify the country’s fractured tax architecture, eliminate redundancies, reduce bureaucracy, and promote transparency.
“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,” Tinubu said.
He added that the existing tax structure had long burdened the most vulnerable in society while fostering inefficiencies and discouraging investment. The newly enacted reforms are a central pillar of the administration’s post-subsidy-removal recovery strategy, first unveiled in October 2024.
Despite their intended benefits, the bills faced significant resistance during their passage, with some state governors and lawmakers opposing key provisions.
Nevertheless, Tinubu expressed confidence that the reforms would restore investor confidence, improve coordination among revenue-generating agencies, and drive sustainable economic growth across all sectors.
“These reforms are about economic fairness, transparency, and giving every Nigerian a real opportunity,” he said.
