President Tinubu’s Tax Reforms Will Transform Tax Administration In Nigeria – FG

Bola Tinubu

The Federal Government has come out to say that President Bola Tinubu will sign the tax reform bills into law today.

FG recently revealed that the bills will transform the country’s fiscal and revenue framework, and Nigerians have been reacting.

According to him, Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, revealed that the four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

He added that as soon as the laws are operational, they’ll go a long way towards transforming tax administration in Nigeria.

His words, “When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments.

“By reducing the multiplicity of taxes and eliminating duplication, the bill will enhance the ease of doing business, reduce taxpayer compliance burdens, and create a more predictable fiscal environment.”

WOW.