President Tinubu is scheduled to sign the tax reform legislation on Thursday.

President Bola Tinubu is set to sign four tax reform bills into law on Thursday, a move the Presidency says will significantly reshape Nigeria’s fiscal and revenue landscape. The announcement was made in a statement issued Wednesday evening by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, titled, “President Tinubu signs four tax bills into law tomorrow.”

The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.

“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Onanuga said.

The presidential assent to the bills at the Presidential Villa, Abuja, will be witnessed by the Senate President, Godswill Akpabio; Speaker of the House of Representatives, Tajudeen Abbas; Senate Leader, Opeyemi Bamidele; House Majority Leader, Julius Ihonvbere; Chairman of the Senate Committee on Finance, Sani Musa and his House counterpart, James Faleke.

The Chairman of the Nigeria Governors Forum, Abdulrahman Abdulrazaq of Kwara State; the Chairman of the Progressives Governors Forum, Hope Uzodinma of Imo State; Minister of Finance and Coordination Minister of the Economy, Wale Edun; and the Attorney General of the Federation, Lateef Fagbemi, will also attend the ceremony.

Among the four tax reform bills set to be signed into law is the Nigeria Tax Bill (Ease of Doing Business), designed to streamline the country’s complex tax system by consolidating multiple tax laws into a single, unified framework. According to the Presidency, this bill aims to reduce the number of taxes, eliminate redundancies, ease compliance for taxpayers, and foster a more stable and business-friendly fiscal environment.

The second bill, the Nigeria Tax Administration Bill, seeks to establish a standardized legal and operational structure for tax administration across all levels of government—federal, state, and local—promoting consistency and efficiency.

The third bill, the Nigeria Revenue Service (Establishment) Bill, repeals the existing Federal Inland Revenue Service (FIRS) Act and establishes a more independent and performance-driven body, the Nigeria Revenue Service (NRS). This new agency will have an expanded mandate, including the collection of non-tax revenues, and will operate under clear provisions for transparency, accountability, and operational efficiency.

The fourth bill, the Joint Revenue Board (Establishment) Bill, introduces a formal governance framework to enhance collaboration among tax authorities at all tiers of government. It also establishes critical oversight bodies such as a Tax Appeal Tribunal and the Office of the Tax Ombudsman, aimed at strengthening taxpayer rights and ensuring fair dispute resolution.