Tinubu's Tax Revolution Begins

President Bola Ahmed Tinubu has signed into law the long-awaited Tax Reform Bills, ending months of rigorous debate, technical reviews, and policy negotiations. This is not just another presidential signature — it is a seismic shift in Nigeria's economic structure. For the first time in decades, Nigeria now has a tax system that prioritizes clarity, fairness, and national development.

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Gone are the days of an outdated and confusing tax framework. With these new laws, the country is stepping into a new era where taxation serves the people not frustrates them.

The reform package brings together four crucial bills that reshape how Nigeria collects, manages, and shares public revenue. First is the Nigeria Tax Bill, which consolidates a host of existing tax laws into a single, easy-to-understand legal document. This brings clarity to what used to be a tangled web of overlapping and contradictory rules. Businesses now have a single guide for compliance. Individuals know their obligations without needing a tax consultant or lawyer.

Second is the Nigeria Tax Administration Bill. It provides uniform procedures for tax collection across federal, state, and local governments. This bill also brings in digitization — no more manual bottlenecks or arbitrary handling. With automated systems and standardized processes, tax compliance becomes faster, fairer, and less open to abuse.

The third component is the Nigeria Revenue Service (Establishment) Bill. It replaces the former Federal Inland Revenue Service (FIRS) with a new, independent body called the Nigeria Revenue Service (NRS). This agency will handle not just tax revenue but also other government income streams. Its stronger legal backing gives it more power to act professionally, transparently, and efficiently.