• President Bola Tinubu shake hands with FIRS Chairman, Zaacheus Adedeji, after he had signed the new tax laws.
On Thursday, June 26, 2025, President Bola Ahmed Tinubu officially signed into law four Tax Bills aimed at reforming Nigeria’s tax system.
The four bills were the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
On his verified X handle @officialABAT, the President had said that the new tax laws form the groundwork for the Nigeria of tomorrow, focused on unlocking opportunities for all.
Zaacheus Adedeji, Chairman of the FIRS, noted that this landmark move signals the beginning of a new era in tax administration, designed to promote efficiency, equity, and sustainability in revenue generation.
Adedeji, in a post on the FIRS X, noted that the newly enacted Tax Laws are expected to reinvigorate the country’s tax structure, ultimately strengthening Nigeria’s revenue base.
” By modernizing the tax framework, the reforms promise to enhance economic growth, support public service delivery, and contribute to long-term national development,” he said.
Earlier, President Bola Tinubu commented that the new tax law reflect his administration’s resolve to create a modern, transparent, and efficient tax system capable of supporting national development, promoting investment, and reducing the burden of multiple taxation on citizens.
President Tinubu explained that the laws would be unifying Nigeria’s fragmented tax system, remove redundant overlaps, boost investor confidence, enhance transparency, and promote coordinated efforts across all levels.
He also described the legislation as a clear departure from previous policies, emphasising that the reforms are designed to ease the burden on working families, small businesses, and low-income earners while eliminating inefficiencies that have long plagued Nigeria’s fiscal structure.
On his verified X handle @officialABAT, the President had said that the new tax laws form the groundwork for the Nigeria of tomorrow, focused on unlocking opportunities for all.
“We are also building a framework for the Nigeria of tomorrow-leaner, fairer and laser focused on unlocking opportunities for all,” he said.