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 officially enacted four major tax reform bills into law.
- The signing followed extensive consultations and policy work to overhaul Nigeria's outdated, fragmented tax system and improve administration.
- The legislation consists of four key tax reform acts: the Nigeria Tax Act, the Nigeria Tax Administration Act, the Act establishing the Nigeria Revenue Service, and the Act creating the Joint Revenue Board.
- Tinubu stated that the reforms aim to consolidate the tax system, reduce bureaucratic obstacles, remove unnecessary overlaps, boost investor trust, and promote openness and collaboration throughout all levels.
- The laws exempt households earning ₦250,000 or less monthly from taxation, reduce middle-income taxes, slightly increase taxes at the top, and are expected to enhance tax administration and business climate.
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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
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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
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