President Bola Ahmed Tinubu has signed signed four landmark tax bills into law, saying the reforms will reposition Nigeria’s economy and ease the burden on low-income earners and businesses.
The new tax laws—set to take effect from January 1, 2026—mark a major shift in the country’s fiscal structure. They aim to simplify tax administration, remove duplication, and create a fairer system for individuals and businesses.
Speaking during the signing ceremony at the State House, Tinubu described the new laws as the beginning of a “new era” for Nigeria’s economy.
“This is a clear message to the world that Nigeria is open for business,” the President said. “We have changed rules and corrected past missteps. Leadership must show the way forward, and that is what we are doing today.”
The signed laws include:
Nigeria Tax Reform Act
Nigeria Tax Administration Act
Nigeria Revenue Service (Establishment) Act
Joint Revenue Board (Establishment) Act
The President said the laws were designed to provide tax relief to struggling families and small businesses, remove inefficiencies, and unify the fragmented tax system that has existed for decades.
“Too often, our tax system punished the vulnerable and protected inefficiency. That era ends today,” he declared.
