President Bola Tinubu will on Thursday sign into law four landmark tax reform bills aimed at overhauling Nigeria’s fiscal and revenue system.

In a statement released by Bayo Onanuga, Special Adviser to the President on Information and Strategy said the signing ceremony, scheduled to take place at the Presidential Villa, Abuja, marks a significant step in the administration’s efforts to boost revenue generation, attract investment, and improve the business environment.

The bills set to receive presidential assent include the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill. All four were recently passed by the National Assembly following wide-ranging consultations with stakeholders and interest groups.

Once signed into law, the new legislations are expected to streamline tax administration across all tiers of government, eliminate redundant taxes, and enhance fiscal transparency and efficiency.

According to the Presidency, the event will be witnessed by key officials including the Senate President, the Speaker of the House of Representatives, the Majority Leaders of both chambers, and the chairpersons of the Senate and House Committees on Finance. Also expected are the Chairman of the Nigeria Governors Forum, the Chairman of the Progressives Governors Forum, the Minister of Finance and Coordinating Minister of the Economy, and the Attorney General of the Federation.

One of the bills, the Nigeria Tax Bill (Ease of Doing Business), is designed to harmonise the country’s fragmented tax laws into a single statute, reducing the tax burden on businesses and fostering a more predictable and investor-friendly fiscal environment.

The Nigeria Tax Administration Bill seeks to introduce a unified legal and operational framework for tax administration at federal, state, and local levels, promoting consistency and efficiency in tax collection.

The Nigeria Revenue Service (Establishment) Bill will repeal the current Federal Inland Revenue Service Act and establish a new, more autonomous revenue agency— the Nigeria Revenue Service (NRS). The bill outlines the agency’s expanded mandate to include non-tax revenue collection and embeds accountability and performance standards into its operations.

The fourth bill, the Joint Revenue Board (Establishment) Bill, provides for the creation of a formal governance structure to enhance intergovernmental collaboration on revenue matters. It also establishes critical oversight bodies such as a Tax Appeal Tribunal and an Office of the Tax Ombudsman.

These reforms are part of President Tinubu’s broader economic agenda to stabilise Nigeria’s fiscal landscape and attract both domestic and foreign investments.