President Bola Tinubu has assented to the four tax reform bills recently passed by the National Assembly.
The signing took place on Thursday, June 26, 2025, during a brief event held at the Presidential Villa in Abuja, with top lawmakers, ministers, governors, and presidential aides in attendance.
The new laws include the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
These bills were introduced as part of broader tax reforms aimed at restructuring the country’s revenue system.
The presidency explained that these laws were developed after consulting with different interest groups.
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The changes are expected to improve how taxes are collected and managed, increase the government’s earnings, attract more investments, and improve the overall business climate in the country.
The Chairman of the Federal Inland Revenue Service, Zacch Adedeji, stated that the new tax system will begin on January 1, 2026.
He explained that the time before implementation will be used to create awareness and prepare stakeholders for the changes.
While the bills had earlier faced criticism from some state governors, who feared they might affect the ability of some states to pay salaries, the presidency maintained that consultations were held nationwide and those concerns have been addressed.
