The Nigerian Senate has passed two of four critical tax reform bills, marking a pivotal step in President Bola Ahmed Tinubu’s efforts to overhaul the nation’s tax administration system.
The two bills—one seeking to repeal the Federal Inland Revenue Service (Establishment) Act and another to establish the Joint Revenue Board (Establishment) Bill 2025 along with the Nigeria Revenue Service Bill 2025—were passed after a clause-by-clause review during the Committee of the Whole and subsequently adopted during the third reading on the Senate floor.
President Tinubu had submitted the four tax reform bills to the National Assembly in October 2024, as part of his broader fiscal strategy to modernise tax collection and improve revenue distribution across the country.
Senate President Godswill Akpabio lauded the development, describing the passage as a turning point in the country’s governance and revenue administration. “These bills will add immense value to governance and transform how taxes are collected and shared in Nigeria,” Akpabio said during Wednesday’s plenary session.
He further assured lawmakers and the public that the Senate is fully committed to passing the remaining two bills, even if it means extending sitting hours. “We are committed to concluding the outstanding bills tomorrow, even if we have to stay here until 10 p.m.,” he added.
The passage of these bills represents a major stride in the Tinubu administration’s goal to reform Nigeria’s fiscal structure, improve transparency, and empower both federal and subnational governments through a more efficient and equitable tax system.
The bill should be paid to assist have profit after tax in any revenue as 2025 bill inclusion of currency in circulation also should be updated; reforming schools and account activeness these are what to be issue it will better country development.