*President Bola Ahmed Tinubu signs the four new tax bills into law, stating Nigeria’s the tax laws are essential to success of his administration’s ongoing reforms and the country’s prosperity

Isola Moses | 绿帽献妻

President Bola Ahmed Tinubu has described Nigeria’s new tax laws as pivotal to the success of his administration’s ongoing reforms and the West African country’s prosperity.

绿帽献妻 reports President Tinubu said this

Thursday, June 26, 2025, in Abuja, FCT, when signing into law the four new tax bills recently passed by the National Assembly (NASS).

The bills are the Nigeria Tax Bill (Ease of Doing Business), which aims to consolidate Nigeria’s fragmented tax laws into a harmonised statute; the Nigeria Tax Administration Bill, which will establish a uniform legal and operational framework for tax administration across federal, state, and local governments.

Others are the Nigeria Revenue Service (Establishment) Bill, which repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performance-driven national revenue agency鈥� the Nigeria Revenue Service (NRS); and the Joint Revenue Board (Establishment) Bill, which provides for a formal governance structure to facilitate cooperation between revenue authorities at all levels of government.

President Tinubu, at the signing ceremony, held in the State House, said the occasion presented a new lease of life to every Nigerian consumer and the future generation.

Mr. Bayo Onanuga, Special Adviser to the President on Information and Strategy, Thursday stated Tinubu said: “What we did a few minutes ago is the way forward for our country’s prosperity.

“Leadership must help people take off, lead the way, and navigate every turn and twist.”

The Nigerian leader stated: “We must help them reach their destination. That is what we are doing.

“We are in transit; we have changed the roads, we have changed some of the misgivings, we have opened the doors to a new economy, business opportunities.

“We have shown the world that Nigeria is ready and open for business.”

He also used the occasion to commend the leadership and members of the National Assembly for passing the bills despite initial misunderstandings in the public domain.

The President recalled: “It was initially difficult, but not all roads will be easy in nation-building.

“What you have provided is leadership and courage in the face of mounting disputes.

“Nowhere in the world would tax reforms be easy.”

In remarks at the signing ceremony, Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, lauded President Tinubu’s leadership in enabling the passage of the four bills.

Oyedele thanked the President for all the support, without necessarily teleguiding the committee, and only asked necessary questions.

The Chairman of the Presidential Committee said: “History will remember you for good for transforming our country because you went for a fundamental reform.”

Speaking at the event also,

Dr. Zacch Adedeji Chairman of the Federal Inland Revenue Service (FIRS), described the day (Thursday) as the happiest day of his life, and the passage of tax reforms bulls into law as a dream come true.

Also, Senate President Godswill Akpabio eulogised President Tinubu for his sterling leadership qualities, the statement noted.

Akpabio stated: “We have always known that you are a thinker, that you are intellectually sound, and that you care for your country.

“You campaigned based on change for the country. This law would last for generations to come.”

The Senate President as well congratulated members of NASS, and other stakeholders who contributed to the passage of the tax bills.

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