The Nigerian Senate has passed two major tax reform bills aimed at overhauling the country’s tax system and enhancing revenue generation and distribution at all government levels.
Senate President Godswill Akpabio highlighted the significance of the bills during plenary, describing their passage as a crucial move in modernising Nigeria’s fiscal framework. He added that the reforms would “add immense value to governance and revolutionise tax collection and distribution.”
The two key bills include:
1. The Federal Inland Revenue Service (Establishment) Repeal Bill
2. The Joint Revenue Board (Establishment) Bill 2025, which incorporates provisions from the Nigeria Revenue Service Bill 2025
Both bills were passed after discussions in the Committee of the Whole and were approved following a third reading in the Senate.
These reforms are part of President Bola Ahmed Tinubu’s broader legislative agenda, which saw the submission of four tax-related bills to the National Assembly in October 2024 for review and approval.
Senate President Akpabio praised the progress made and expressed confidence that the approved tax reforms would bolster revenue institutions, bringing clarity and fairness to the process of assessing and sharing taxes across Nigeria’s federation.
About The Author
