Tinubu Ushers in New Era of Economic Reform with Groundbreaking Tax Laws

By RYNI Media | Omotayo Stephen O.

June 27, 2025

In a momentous stride toward economic revitalization, President Bola Ahmed Tinubu has etched his name into Nigeria’s fiscal history by signing four landmark tax reform bills into law—an audacious move hailed as the cornerstone of a new national awakening.

At a ceremonial signing at the State House on Thursday, President Tinubu described the legislation as “the compass guiding Nigeria to lasting prosperity,” signalling a decisive shift from outdated systems to a streamlined, future-facing tax regime.

The bills include the Nigeria Tax Consolidation (Ease of Doing Business) Act, unifying Nigeria’s previously fragmented tax statutes; the Tax Administration Framework Act, which establishes a cohesive operational system for tax management across federal, state, and local governments; the Nigeria Revenue Service (NRS) Act, replacing the FIRS with a more autonomous, efficient agency; and the Joint Revenue Board Act, designed to foster seamless intergovernmental fiscal cooperation.

“This is not just paperwork—it’s a passport to a better Nigeria,” President Tinubu declared. “We’re rewriting the rules to empower enterprise, attract investment, and ensure our children inherit a nation equipped to thrive.”

Acknowledging the political hurdles, he commended the National Assembly’s resilience. “Nation-building is never a straight road. But your courage has paved a bold new path,” he said, addressing lawmakers.

Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, praised the President’s visionary leadership, noting, “You didn’t micromanage us. You asked the right questions—and made history.”

Dr. Zacch Adedeji, Chairman of the Federal Inland Revenue, described the moment as “the happiest day of my professional life,” while Senate President Godswill Akpabio applauded Tinubu’s intellectual rigour and national devotion. “This is not mere reform—it is legacy,” Akpabio said.

With these sweeping reforms, Nigeria signals to the world: it is open, ready, and rising. As President Tinubu charts this new course, the nation watches with hope, poised for an era of economic revival and global competitiveness.

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