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President Bola Ahmed Tinubu has said that the four landmark tax reform bills he is signing into law today (Thursday) are designed to bring tangible relief to ordinary Nigerians, restore fairness in the tax system, and stimulate inclusive economic growth for the future.

Describing the legislation as a decisive break from the past, President Tinubu stated that the reforms are tailored to ease the burden on working families, small businesses, and low-income earners while eliminating inefficiencies that have long plagued Nigeria’s fiscal structure.

“These reforms go beyond streamlining tax codes,” the President said in a personal message shared via his verified X handle, @officialABAT, on Thursday morning.

“They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet”, he assured.

The four bills—the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill—represent what the President called a bold new era of economic governance.

According to him, they are intended to unify Nigeria’s previously disjointed tax regime, cut bureaucratic red tape, and make revenue collection more transparent and efficient.

“For too long, our tax system has been a patchwork—complex, inequitable, and burdensome. It has weighed down the vulnerable and shielded inefficiency. That era ends today”, Tinubu noted.

President Tinubu explained that the reforms would not only simplify the tax system but also serve as a tool for national renewal, delivering economic justice and rebuilding trust between the government and the governed.

“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria. A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity”, he stated.

Emphasising that the legislation is not merely about technical adjustments but a broader reimagining of Nigeria’s fiscal culture, the President declared: “We are not just signing tax bills but rewriting the social contract. We are not there yet, but we are firmly on the road.”

He added that the new framework would not only ease life for citizens but also enhance investor confidence and position Nigeria as a competitive destination for business and innovation.

“We are also building a framework for the Nigeria of tomorrow — leaner, fairer, and laser-focused on unlocking opportunities for all,” he said.

The President commended the Presidential Fiscal Policy and Tax Reform Committee for its “tireless work,” praised the National Assembly for a “rigorous review process,” and thanked state governments for their “critical contributions.”

He also reserved special appreciation for “the Nigerian people for keeping faith with this vision of reform.”

The bills, whichh will take effect following the President’s assent this afternoon, are expected to harmonise tax administration across federal and state levels, reduce duplication and corruption, and make the tax process more predictable for individuals and businesses alike.

Summing up his vision, President Tinubu issued a national call to action: “Simplify. Reform. Grow”.

“Let the world know that Nigeria is open for business, and this time, everyone has a fair shot. We are betting on a new Nigeria and building it block by block”, he said. (The Nation)