President Bola Tinubu is set to sign into law today, Thursday, four landmark tax reform bills aimed at overhauling Nigeria’s fiscal and revenue systems, the Presidency has announced.

This was made known in a statement released Wednesday evening by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, titled “President Tinubu signs four tax bills into law tomorrow.”

The bills being signed are:

The Nigeria Tax Bill (Ease of Doing Business)

The Nigeria Tax Administration Bill

The Nigeria Revenue Service (Establishment) Bill

The Joint Revenue Board (Establishment) Bill

These bills were passed by the National Assembly after months of dialogue with key stakeholders and interest groups.

According to Onanuga, the newly enacted tax laws are expected to significantly reform Nigeria’s tax administration system. He said they would boost government revenue, improve the business climate, and attract both local and foreign investments.

The signing ceremony, taking place today at the Presidential Villa in Abuja, will be witnessed by several top government officials, including:

Senate President Godswill Akpabio

Speaker of the House of Representatives, Tajudeen Abbas

Senate Leader Opeyemi Bamidele

House Majority Leader Julius Ihonvbere

Senate Committee on Finance Chairman, Sani Musa

House Committee on Finance Chairman, James Faleke

Also in attendance will be Governor Abdulrahman Abdulrazaq of Kwara State, who chairs the Nigeria Governors Forum, and Governor Hope Uzodinma of Imo State, Chairman of the Progressives Governors Forum. Other dignitaries include Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and Attorney General of the Federation, Lateef Fagbemi.

Among the key highlights of the new legislation:

The Nigeria Tax Bill (Ease of Doing Business) consolidates multiple tax laws into a unified statute. It seeks to eliminate overlapping taxes, ease compliance, and provide a stable fiscal framework for businesses.

The Nigeria Tax Administration Bill establishes a standardized legal and operational tax framework across all tiers of government—federal, state, and local.

The Nigeria Revenue Service (Establishment) Bill replaces the Federal Inland Revenue Service Act, creating a more autonomous and results-oriented agency—Nigeria Revenue Service. It broadens its role to include non-tax revenue collection and mandates transparency and efficiency.

The Joint Revenue Board (Establishment) Bill introduces a formal structure for cooperation among revenue authorities nationwide. It also establishes critical oversight mechanisms such as a Tax Appeal Tribunal and an Office of the Tax Ombudsman.

These reforms mark a significant step in modernizing Nigeria’s tax landscape and enhancing economic growth.