By Ganiyat Mumuni

President Bola Ahmed Tinubu has on Thursday signed four tax reform bills into law.

The four bills are; the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

According to him the law will unify the country’s fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.

He said : These reforms goes beyond streamlining tax codes. They will 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.

President Tinubu acknowledged that the existing tax system has been a patchwork of complex, inequitable and burdensome which has shielded inefficiency.

“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”

“We are also building a framework for the Nigeria of tomorrow — leaner, fairer, and laser-focused on unlocking opportunities for all”

“I commend the Presidential Fiscal Policy and Tax Reform Committee for its tireless work, the National Assembly for its rigorous review, our subnational partners for their critical contributions, and, most importantly, the Nigerian people for keeping faith with this vision of reform”.

He said that the implementation will take effect from 1st of January 2026.

Tinubu stressed that this is a beginning, not an end in his administration.”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 affirmed.