BREAKING: TINUBU SIGNS MAJOR TAX REFORMS INTO LAW TO BOOST REVENUE AND INVESTMENT

June 26, 2025

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By Aishat Momoh. O.

President Bola Tinubu has signed into law a set of sweeping tax reform bills aimed at modernizing Nigeria’s tax system, improving revenue generation, and fostering a more business-friendly environment.

The brief signing ceremony took place on Thursday at the Presidential Villa in Abuja, attended by members of the National Assembly, state governors, ministers, and key presidential aides. The presidency described the development as a pivotal moment for Nigeria’s fiscal future.

With the new tax laws now in effect, the federal government is expected to implement significant changes in tax administration, enhance compliance, and streamline revenue collection. The reforms also seek to bolster investor confidence and stimulate both local and foreign investment.

The bills, which were passed by the National Assembly after extensive consultations with stakeholders, represent a major step in the Tinubu administration’s broader economic reform agenda.