Nigeria’s President Bola Ahmed Tinubu (PBAT) has signed into law four tax reform bills recently passed by the National Assembly. The signing ceremony took place at the Presidential Villa on Thursday, 26th June, 2025, and was attended by the leadership of the National Assembly and some lawmakers, governors, ministers, and aides of the President.
The bills are Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill were passed into law after extensive consultations with various interest groups and stakeholders.
PBAT transmitted the four tax reform bills to the National Assembly last year, with the presidency saying they will significantly transform tax administration in Nigeria, leading to increased revenue generation.
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji told journalists that the new tax regime would begin on January 1, 2026.
“It takes time for all the stakeholders, participants, operators, and the regulator to change the system.
“So, with the magnanimity of the National Assembly, Mr President assented to the bills. So, the effective date will be January 1, 2026.
“We have six full months for both sensitisation and planning. This is also considering the fiscal year of the government because when you have this kind of change, it’s not what you do in the media,” Mr. Adedeji told journalists.
