President Tinubu Signs Historic Tax Reforms Into Law, Ushers in New Era of Economic Relief

Abuja, Nigeria  – In a landmark move set to reshape Nigeria’s economic landscape, President Bola Ahmed Tinubu today signed into law four groundbreaking fiscal bills at the Aso Villa, delivering the nation’s first major pro-people tax reforms in decades. The laws, designed to simplify taxation and provide targeted relief, mark a pivotal shift toward inclusive economic governance.

Key Provisions of the New Laws

The newly gazetted Acts, which take effect January 1, 2026, include:

  1. The Nigeria Tax (Fair Taxation) Act – Streamlines tax brackets and reduces burdens on low-income earners.

  2. The Nigeria Tax Administration Act – Modernizes tax collection to enhance efficiency and transparency.

  3. The Nigeria Revenue Service (Establishment) Act – Creates a unified revenue agency to curb duplication.

  4. The Joint Revenue Board (Establishment) Act – Strengthens intergovernmental collaboration on fiscal policies.

A Win for Workers and Businesses

President Tinubu emphasized that the reforms prioritize “relief for small businesses, working families, and vulnerable Nigerians” while stimulating formal sector growth. Analysts hail the measures as critical to reducing poverty and improving compliance in Africa’s largest economy.

Implementation Timeline

With 18 months until enforcement, the government plans nationwide sensitization campaigns to ensure smooth adoption. The President reiterated his administration’s commitment to “people-first governance” and sustainable development.

“God bless the Federal Republic of Nigeria,” he concluded, signaling optimism for the policy’s impact.