ABUJA, NIGERIA — The Nigerian Senate has passed two significant tax reform bills aimed at transforming the country’s tax administration system and improving revenue generation and distribution across all levels of government.
During plenary, Senate President Godswill Akpabio described the passage of the bills as a critical step in modernising Nigeria’s fiscal framework, noting that the reforms would “add immense value to governance and revolutionise tax collection and distribution.”
The two key bills are:
1. The Federal Inland Revenue Service (Establishment) Repeal Bill
2. The Joint Revenue Board (Establishment) Bill 2025, which includes provisions of the Nigeria Revenue Service Bill 2025
Both pieces of legislation were passed after deliberations in the Committee of the Whole and were adopted following a third reading on the Senate floor.
The reforms are part of the broader legislative agenda initiated by President Bola Ahmed Tinubu, who had earlier submitted four tax-related bills to the National Assembly in October 2024 for review and approval.
Senate President Akpabio commended the progress made and expressed optimism that the approved tax reform measures would strengthen revenue institutions and bring clarity and fairness to the way taxes are assessed and shared across the federation.
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