Tax Reform

In June 2025, President Bola Ahmed Tinubu signed landmark tax reform legislation that restructures Nigeria's tax laws and modernises how taxes are administered.

The reform tackles fragmentation and multiple taxation, two long-standing burdens on businesses and citizens, and gives the country a clearer framework for revenue administration.

A simpler, more coordinated revenue system

The legislation was passed by the National Assembly and signed by the President. It reforms the structure of tax laws, the administration of taxes and the coordination between revenue authorities across government.

The package establishes the Nigeria Revenue Service and strengthens the Joint Revenue Board, bringing greater consistency to how revenue responsibilities are carried out at federal, state and local levels. Businesses no longer have to navigate the same degree of overlapping demands from different authorities.

What it means for taxpayers

A clearer system makes obligations easier to understand and administration more predictable. Reducing multiple taxation lowers the cost of doing business and attracts investors.

The reform also strengthens the government's ability to raise revenue fairly and efficiently, funding the services and infrastructure citizens rely on without placing excessive pressure on small enterprises.

Implementation under way

Revenue institutions are implementing the new laws with official guidance for taxpayers. The Tinubu administration has delivered one of the most comprehensive tax reforms in Nigeria's history, laying the ground for a fairer and more competitive economy.