TINUBU SIGNS FOUR TAX REFORM BILLS INTO LAW TO BOOST ECONOMIC STABILITY

TINUBU SIGNS FOUR TAX REFORM BILLS INTO LAW TO BOOST ECONOMIC STABILITY

President Bola Ahmed Tinubu has signed into law four key tax reform bills aimed at strengthening Nigeria’s fiscal and revenue framework, as part of efforts to stabilize and grow the nation's economy.

The newly enacted laws are:

The Nigeria Tax Bill

The Nigeria Tax Administration Bill

The Nigeria Revenue Service (Establishment) Bill

The Joint Revenue Board (Establishment) Bill

These bills, which were earlier passed by the National Assembly following extensive consultations with various stakeholders and interest groups, are expected to enhance revenue generation, improve tax administration, and streamline governance in the country’s fiscal system.

The signing ceremony took place on Thursday at the Aso Rock Presidential Villa in Abuja.

Dignitaries in attendance included Senate President Godswill Akpabio, Speaker of the House of Representatives Tajudeen Abbas, Senate Majority Leader, House Majority Leader, as well as the Chairmen of the Senate and House Committees on Finance.

Also present were Kwara State Governor and Chairman of the Nigeria Governors’ Forum, Abdulrahman Abdulrazaq; Imo State Governor and Chairman of the Progressives Governors Forum, Hope Uzodinma; Minister of Finance and Coordinating Minister of the Economy, Wale Edun; and Attorney General of the Federation, Lateef Fagbemi.

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