Our WhatsApp Group
Join Now
Our Telegram Group
Join Now
President Tinubu Signs Four New Tax Reform Bills into Law to Boost Economic Efficiency
Posted by Gistsnaija.
on 27 June, 2025 |
0
In a major push toward tax reform and improved economic governance, President Bola Ahmed Tinubu has signed four key tax bills into law.
ADVERTISEMENT
The signing ceremony took place with the presence of top legislative leaders, including Senate President Godswill Akpabio and House Speaker Tajudeen Abbas.
These new laws mark a significant shift in Nigeria’s fiscal direction and aim to simplify the country’s tax landscape.
The freshly signed acts include the Nigeria Tax Bill (Fair Taxation), the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
According to Tinubu, these reforms are designed to provide meaningful tax relief for low-income earners, small businesses, and hardworking families. The move represents one of the most impactful pro-people tax policies in decades.
President Tinubu emphasized that the reforms are not merely about tax structure alignment—they are about rebuilding investor confidence, eliminating inefficiencies, and creating a unified and transparent tax system.
The laws are expected to streamline overlapping processes, reduce administrative burdens, and ensure a more coordinated approach across all tiers of government.
This policy direction is a strategic step toward economic stability and long-term development, as reported by Channels TV.
CLICK HERE TO COMMENT
Leave a Reply