Tinubu signs tax reform bills, promises strong economy

President Bola Ahmed Tinubu has signed into law four landmark tax reform bills, signaling what he called a “bold new era of economic governance” aimed at easing the financial burden on Nigerians and creating a more equitable and efficient tax system.
In a personal message shared yesterday morning via his verified X handle @officialABAT, President Tinubu said the new laws are designed to bring tangible relief to ordinary citizens, restore fairness, and drive inclusive economic growth.
“These reforms go beyond streamlining tax codes,” Tinubu said.
“They deliver the first major, pro-people tax cuts in a generation targeted relief for low-income earners, small businesses, and families working hard to make ends meet.”
The four bills signed into law include: Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill and the Joint Revenue Board (Establishment) Bill.
According to the President, the reforms aim to unify the country’s fragmented tax regime, cut bureaucratic red tape, and improve transparency and efficiency in revenue collection.
“For too long, our tax system has been a patchwork complex, inequitable, and burdensome. It has weighed down the vulnerable and shielded inefficiency.
That era ends today,” Tinubu declared.
He explained that beyond simplifying tax structures, the reforms represent a larger national reset intended to deliver economic justice and rebuild trust between the government and citizens.
“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.
A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” the President said.
Highlighting the deeper significance of the move, Tinubu added, “We are not just signing tax bills but rewriting the social contract. We are not there yet, but we are firmly on the road.”
He also emphasized that the new framework will help attract investors and position Nigeria as a globally competitive hub for business and innovation.
“We are building a framework for the Nigeria of tomorrow leaner, fairer, and laser-focused on unlocking opportunities for all,” he stated.
President Tinubu commended the Presidential Fiscal Policy and Tax Reform Committee for its tireless work, appreciated the National Assembly for its rigorous review process, and acknowledged the support of state governments.
He gave special thanks to the Nigerian people “for keeping faith with this vision of reform.”
With the President’s assent, the new laws take immediate effect and are expected to harmonise tax administration across federal and state levels, reduce duplication and corruption, and make the system more predictable and business-friendly.
Tinubu concluded with a national call to action: “Simplify, Reform, Grow.”
“Let the world know that Nigeria is open for business and this time, everyone has a fair shot. We are betting on a new Nigeria and building it block by block.”