PRESIDENT TINUBU SIGNS 4 TAX REFORM BILLS INTO LAW.
President Bola Tinubu has signed four landmark tax reform bills into law, marking a new era of economic governance.
The brief ceremony was held on Thursday at the State House in Abuja, with the leadership of the National Assembly led by Senate President Godswill Akpabio and Speaker of the House of Representatives, Tajudeen Abbas, in attendance.
The four new Acts are the Nigeria Tax Bill (Fair Taxation), Tax Administration Bill, Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
President Tinubu explained that the reforms aim to reshape Nigeria's tax landscape, providing targeted relief for low-income earners, small businesses, and struggling families, adding that the new laws will unify the country's fragmented tax system, cut red tape, and eliminate overlapping functions across agencies.
The President emphasized that the reforms will boost investor confidence, enhance transparency, and foster better coordination among tax authorities, stating that the new laws introduce Nigeria's first major pro-people tax cuts in decades, aimed at reducing the burden on ordinary citizens and helping them retain more of their hard-earned income.
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