On Thursday, President Bola Tinubu signed into law four pivotal tax reform bills passed by the National Assembly, marking a significant step toward overhauling Nigeria’s tax administration system.
The signing ceremony, held at the Presidential Villa, was attended by key figures, including National Assembly leaders, select legislators, state governors, ministers, and presidential aides.
The four bills the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill were developed following extensive consultations with stakeholders and interest groups across the country. According to the presidency, these new laws are poised to revolutionize tax administration in Nigeria, driving increased revenue generation, fostering a more conducive business environment, and attracting both domestic and foreign investments.
Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), addressed reporters after the signing, announcing that the new tax regime will take effect on January 1, 2026. He emphasized the need for a transition period to allow stakeholders, operators, and regulators to adapt to the changes. “It takes time for all the stakeholders, participants, operators, and the regulator to change the system,” Adedeji stated. “With the magnanimity of the National Assembly, Mr. President assented to the bills. So, the effective date will be January 1, 2026. We have six full months for both sensitization and planning, considering the government’s fiscal year. This is not something you do in the media.”
The tax reform bills, introduced under the Tinubu administration, have been highly contentious, drawing sharp criticism and opposition from various quarters, including some state governors. Critics expressed concerns that certain provisions in the bills could jeopardize states’ ability to pay staff salaries. However, the presidency and the National Assembly have reassured the public that extensive stakeholder engagements have been conducted nationwide, addressing the governors’ concerns and mitigating potential challenges.
The new laws are expected to streamline tax processes, enhance compliance, and boost Nigeria’s economic growth by creating a more transparent and efficient revenue system. With the implementation date set for 2026, the government is gearing up for a robust sensitization campaign to ensure a smooth transition for all stakeholders.
STATE HOUSE PRESS RELEASE
PRESIDENT TINUBU: NEW TAX LAWS, THE WAY FORWARD FOR NIGERIA’S PROSPERITY
President Bola Tinubu on Thursday signed into law the four new tax bills recently passed by the National Assembly, describing the new laws as pivotal to the success of the administration’s reforms and the country’s prosperity.
The bills are the Nigeria Tax Bill (Ease of Doing Business), which aims to consolidate Nigeria’s fragmented tax laws into a harmonised statute; the Nigeria Tax Administration Bill, which will establish a uniform legal and operational framework for tax administration across federal, state, and local governments.
Others are the Nigeria Revenue Service (Establishment) Bill, which repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performance-driven national revenue agency— the Nigeria Revenue Service (NRS); and the Joint Revenue Board (Establishment) Bill, which provides for a formal governance structure to facilitate cooperation between revenue authorities at all levels of government.
At the signing ceremony at the State House, President Tinubu said that the occasion presented a new lease of life to every Nigerian and future generation.
“What we did a few minutes ago is the way forward for our country’s prosperity. Leadership must help people take off, lead the way, and navigate every turn and twist. We must help them reach their destination. That is what we are doing.
“We are in transit; we have changed the roads, we have changed some of the misgivings, we have opened the doors to a new economy, business opportunities. We have shown the world that Nigeria is ready and open for business,” the President stated.
President Tinubu commended the leadership and members of the National Assembly for passing the bills despite initial misunderstandings.
“It was initially difficult, but not all roads will be easy in nation-building. What you have provided is leadership and courage in the face of mounting disputes. Nowhere in the world would tax reforms be easy,” the President said.
Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, extolled the President’s leadership in enabling the passage of the four bills.
He thanked the President for all the support, without necessarily teleguiding the committee, and only asked necessary questions.
“History will remember you for good for transforming our country because you went for a fundamental reform.”
The Chairman of the Federal Inland Revenue Service, Dr Zacch Adedeji, described the day as the happiest day of his life and the passage as a dream come true.
President of the Senate, Godswill Akpabio, eulogised President Tinubu for his sterling leadership qualities.
“We have always known that you are a thinker, that you are intellectually sound, and that you care for your country. You campaigned based on change for the country. This law would last for generations to come.”
Akpabio congratulated members of the National Assembly and other stakeholders who made the passage of the tax bills possible.
Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
June 26, 2025
