US EditionNigeria: Tinubu to Sign 4 Tax Reform Bills Into Law On Thursday
- On June 26, 2025, at the State House in Abuja, President Bola Ahmed Tinubu granted presidential assent to four bills that collectively update and restructure Nigeria’s tax system.
- The legislation followed extensive consultations and policy reviews aimed at unifying the fragmented tax framework and improving revenue collection.
- The legislative package includes four key Acts: the Nigeria Tax Act, the Act on Tax Administration, the Act establishing the Nigeria Revenue Service, and the Act creating the Joint Revenue Board, each introducing new structures for governance and oversight.
- Tinubu highlighted that the reforms will streamline the tax system by removing unnecessary overlaps, simplifying procedures, and boosting investor trust, while Oyedele noted that Nigerian households with a monthly income of ₦250,000 or less will be exempt from taxation.
- The laws will take effect on January 1, 2026, marking a new phase in tax administration expected to ease business, increase revenue, and provide relief to low- and middle-income earners.
Insights by Ground AI
Does this summary seem wrong?
68 Articles
68 Articles
All
Left
8
Center
10
Right
1
Tinubu's tax laws consider households earning ₦250k as poor
Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has said Nigerian households earning ₦250,000 or less per month are classified as poor under the new tax laws. On Thursday, June 26, 2025, President Bola Tinubu signed into law the four landmark Tax Reform Bills, heralding a new dawn in Nigeria’s tax collection and administration system. The signing followed months of policy work, reviews, controversies, …
·Nigeria
Read Full Article
ABC FOX Montana+20 Reposted by 20 other sources
Nigeria's Tinubu signs major tax overhaul
Nigerian President Bola Tinubu on Thursday signed four landmark bills into law aiming to overhaul the country's tax system, after backing away from more controversial tweaks that would have upended revenue sharing among states.
·Missoula, United States
Read Full Article
Coverage Details
Total News Sources68
Leaning Left8Leaning Right1Center10Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 42%
C 53%
Factuality
To view factuality data please Upgrade to Premium
