President Bola Tinubu has signed four tax reform bills into law, marking what he described as a significant step toward a “bold new era of economic governance” in Nigeria.

The signing ceremony took place at the Presidential Villa in Abuja on Wednesday, with the presence of key legislative leaders, including Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas.

The four bills now signed into law include the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

In remarks during the event, Tinubu said the reforms were designed not only to streamline the country’s tax system but also to deliver economic relief to ordinary Nigerians.

President Tinubu believes that these reforms will go beyond streamlining tax codes and are meant to deliver the first major, pro-people tax cuts in a generation.

According to the President, the new laws are expected to provide targeted support to low-income earners, small businesses, and working families struggling under current economic conditions.

He explained that the unified tax system will address inefficiencies, reduce administrative duplication, and improve transparency and coordination among tax authorities at all levels of government.

Tinubu said the policy will unify the country’s fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.

The administration considers the signing of the tax reform laws a key milestone in its broader economic recovery agenda.