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Tinubu Signs Four Tax Reform Bills into Law
President Bola Tinubu has signed the four Tax Reform Bills into law, after it was recently passed by the National Assembly.
The ceremony took place at the Presidential Villa on Thursday.
The ceremony was witnessed by top government officials including the President of the Senate, Godswill Akpabio, the Speaker of the House of Representatives, Tajudeen Abbas the Senate and House Majority Leaders, as well as chairmen of the Senate and House Committees on Finance.
Also in attendance were the Chairman of the Nigeria Governors’ Forum and Kwara state go governor, Abdulrazaq AbdulRahman, the Chairman of the Progressive Governors’ Forum and Imo state governor, Hope Uzodimma, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Attorney General of the Federation, Lateef Fagbemi, SAN.
The four bills —the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill —were passed by the National Assembly after extensive consultations with various interest groups and stakeholders.
Designed to overhaul Nigeria’s fiscal and revenue administration framework, the laws have been described as a major leap in the nation’s economic reform drive.
President Tinubu said the bills reflect his administration’s resolve to create a modern, transparent, and efficient tax system capable of supporting national development, promoting investment, and reducing the burden of multiple taxation on citizens and businesses.
The Nigeria Tax Bill (Ease of Doing Business) consolidates Nigeria’s fragmented tax statutes into a unified legal framework. It seeks to reduce tax duplication, enhance clarity, and ease compliance for taxpayers.
The Nigeria Tax Administration Bill provides a harmonized legal and operational structure for tax administration at the federal, state, and local government levels, aiming to foster efficiency and uniformity in tax collection.
The Nigeria Revenue Service (Establishment) Bill repeals the existing Federal Inland Revenue Service (FIRS) Act, paving the way for the establishment of a new, performance-driven Nigeria Revenue Service (NRS) with expanded responsibilities, including non-tax revenue collection. The bill also introduces strong mechanisms for accountability and transparency.
The Joint Revenue Board (Establishment) Bill sets up a national governance structure to coordinate tax efforts across all tiers of government.
It also introduces a Tax Appeal Tribunal and an Office of the Tax Ombudsman, enhancing taxpayer rights and dispute resolution mechanisms.
Many have described the development as a bold step toward boosting Nigeria’s revenue base, reducing investor uncertainty, and deepening the fiscal decentralization agenda.
The reforms are expected to spur job creation, improve public service delivery, and build public confidence in the nation’s tax system.
State House officials say this latest move comes as part of President Tinubu’s broader economic reform package aimed at achieving macroeconomic stability and sustainable growth.
Earlier on Thursday, President Tinubu had explained that the laws would be unifying Nigeria’s fragmented tax system, remove redundant overlaps, boost investor confidence, enhance transparency, and promote coordinated efforts across all levels.
He also described the legislation as a clear departure from previous policies, emphasising that the reforms are designed to ease the burden on working families, small businesses, and low-income earners while eliminating inefficiencies that have long plagued Nigeria’s fiscal structure.
On his verified X handle @officialABAT, the President had said that the new tax laws form the groundwork for the Nigeria of tomorrow, focused on unlocking opportunities for all.
“We are also building a framework for the Nigeria of tomorrow-leaner, fairer and laser focused on unlocking opportunities for all.”
The president explained that with the new tax reform laws, the Bola Tinubu led administration is now laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.
“These reforms go beyond streamlining tax codes. 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.
“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.
“We are laying a 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 said.
News
VP Killed, Students Abducted As Gunmen Reportedly Invade Kebbi Girls School
Suspected terrorists have reported invaded the Government Girls Comprehensive Senior Secondary School (GGCSSS), Maga in Danko/Wasagu Local Government Area, of Zuru Emirate, Kebbi State, killing the school’s Vice Principal, Malam Hassan Yakubu Makuku, and abducting an unspecified number of students.
Zaragoza reports that a resident, Malama Murjanatu Hassan Gishiri, who confirmed the incident on Monday, said the attackers stormed the school at night and operated freely, throwing the community into panic.
The resident was said to have described the invasion as “a heartbreaking tragedy that has thrown the entire region into deep fear and mourning”, adding that the bandits moved in large numbers and overpowered the area without resistance.
Gishiri said the late Vice Principal was shot while attempting to protect students from the attackers.
“People in the community have been offering prayers for his soul, asking Allah to grant him mercy, a peaceful resting place, and to console his family over this painful loss,” she said.
The people of Maga further appealed to the government to act swiftly to rescue the abducted students, saying they may not have gone far, and to strengthen security around schools and communities in the area, which have suffered repeated attacks by bandits.
News
Digital Economy: Glo Signs Interconnectivity Deal with Imo Govt
Digital solutions provider, Globacom, has signed a landmark Internet connectivity agreement with the Imo State Government through its Ministry of Digital Economy and e-Governance.
Globacom disclosed in a press statement that the deal which is the largest single fixed Internet connectivity project in the history of Globacom’s Enterprise Business Group marks a significant milestone in the State’s drive towards achieving a fully digital economy, e-governance structure, and the establishment of a Smart City in Owerri, the state capital.
According to the telecommunications giant, the deal accentuates its pivotal role in delivering robust telecommunications infrastructure and next-generation digital solutions across Nigeria and beyond. The project will empower the company to provide high-capacity Internet connectivity to critical locations within the State, including the Smart City project in Owerri—home to 15 mega buildings—as well as the Ministry of Digital Economy and e-Governance, and the Imo State University for Innovation, Science and Technology, formerly Imo State Polytechnic.
Said Glo, “Our Glo-1 submarine cable, which connects Nigeria directly to Europe through our privately-owned international fibre optic network, will form the backbone of this ambitious project. The Glo-1 infrastructure guarantees superior bandwidth capacity, minimal latency, and highly secures connections, making it ideal for supporting the State’s digital transformation agenda and enhancing the efficiency of public services”.
The company added that the partnership with the Imo State Government will strengthen its commitment to providing reliable, high-quality connectivity that drives socio-economic progress and bridges the digital divide across Nigeria.
Furthermore, Globacom said: “We are honoured by the confidence reposed in Globacom by His Excellency, the Executive Governor of Imo State, Chief Hope Uzodinma and his team,” adding that “This partnership is a testament to our technical capability, nationwide coverage, and proven efficiency in delivering enterprise-grade connectivity solutions. We will work closely with the State’s technical team to ensure timely delivery of the project and to support Imo’s vision of a thriving digital economy.”
“Imo State is setting a remarkable example for other states in Nigeria by leveraging technology to improve governance, education, and business efficiency. “We applaud the Governor’s focus on empowering the youth and building an innovation-driven economy. This partnership aligns perfectly with Globacom’s mission to power Nigeria’s digital future, enhance the State’s strategic investments in digital infrastructure and training initiatives for young people which will create new employment opportunities, stimulate innovation, and accelerate sustainable economic growth”.
Globacom has sustained its imposing presence in every region of Nigeria backed by its resilient network that traverses West Africa. The company has its footprints in digital connectivity solutions for both public and private sectors. Its advanced infrastructure — anchored on the Glo-1 international fibre network, extensive metro fibre coverage, and resilient enterprise systems — ensure that institutions, governments, and businesses can rely on seamless, secure, and scalable connectivity.
The network called on other state administrations to emulate Imo State’s bold initiative by embracing strategic digital partnerships saying, “The future belongs to states and nations that invest in technology and connectivity. We encourage other governments to partner with Globacom in building digital infrastructures that can power education, commerce, governance, and innovation. Together, we can strengthen regional economies, create opportunities for millions, and drive poverty out of our communities.”
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Food for Living: The Wealthy Mindset
By Henry Ukazu
Dear Destiny Friends,
Wealth is of the mind, and not necessarily the amount of money in one’s pocket or in the bank. It takes a great mind to know that if the only thing one has is money, that person is poor because at a stage in life, money may not play any role. It is worth noting that for one to pay for everything they need in life, it’s either they are poor, or you haven’t invested in anyone.
It’s always good therefore, to live for humanity. Life is not about ‘me’, but about humanity. When you consider other people, life works out for you. This is a timeless principle I have adopted overtime, especially when I see a progressive mind who is hungry to learn.
One of the reasons most people are poor is simply because they have the wrong mindset, ideology and information. It’s instructive to know that when you learn well, you stand a better chance of earning well because the more you know, the more you get paid. Nobody pays anyone what they desire, but what they deserve.
Let me explain a little; a poor mind will think a rich man is wasting money by paying triple for a three-bedroom apartment in a porsche neighborhood while a rich mind will think he’s paying for security, and peace of mind.
Again, a poor mind will think a rich man is being extravagant when he buys a luxury perfume or watch when he can buy a decent perfume which ordinarily will perform the same service, but a wealthy mind knows that in the real world, life is governed by perception. According to Dr. Joe Abah, “as a man, there are three things you shouldn’t compromise: solid watch, good shoes and nice perfume”. He further went on to state you can be as casual as you like but once those three things are present, you don’t need to tell anyone you are decently comfortable.
Do you see that life is not about how much you have, but how you manage what you have, but more importantly, how you people perceive you. Some people might have money, but they will find it difficult to invest in their outlook by buying decent clothes, perfumes, shoes and watches.
Another great source of wealth is information. Like I always say, information is power. If you are not informed, you are ill-informed, and once you are ill-informed, you can’t perform because information leads to reformation and transformation. So, it’s fair to say information leads to formation. You are a product of what you know.
It’s sad that many people don’t take time to invest in themselves by buying books of interest, paying for certification courses to enhance their knowledge, or even volunteering their time to intern to learn how great or successful people think.
When rich minds invest their minds to seek knowledge to gain information and knowledge which will set them apart from their contemporaries, they tend to gain access to opportunities in which they can earn decent money, entitled minds will begin to beg for money. That’s poverty mindset.
It should be noted, nobody owes you anything, most people worked hard to get to where they are today. They didn’t succeed because they looked nice, or luck favored them. Yes, those might be contributory factors, but the sacrosanct truth remains that, in civilized climes, they did the work, after all, luck is opportunity meeting preparation. If they were not prepared, the opportunity would have slipped by, and they would not have succeeded.
When we talk of wealth, it doesn’t only relate to money, wealth can also relate to how one thinks, speaks, acts, and prays. All these play critical roles in defining a human being. According to the Bible in Proverbs 17: 28, “Even a fool is considered wise if he keeps silent, and discerning when he holds his tongue”. So if you are unsure about something, it is better to keep quiet because when you open your mouth, you tell the world who you are. So, when you meet a great mind, be careful how you engage them. That’s why it’s generally stated that it takes a minute for a great man to know if he likes someone who is seeking an opportunity. These great minds have six sense perception. They have the discerning minds to see through your mind.
There was a story I recently read from Dr. Femi Otedola’s book, “Making it Big”. The story is that of a young man who was trying to strike a deal with the business mogul. He came in an inferior car and was looking for a multi-million naira contract, Dr. Femi Otedola, being a shrewd businessman, evaluated the man and priced the him low, forcing him to grudgingly accept.
When the contact was sealed and the young man was about to leave, Dr. Femi called him back and asked him, do you know I priced you low? The man said no. Dr. Otedola said, it doesn’t make business sense to come with a cheap car to seek a multi-million business contract. What that really means is that you ought to dress the way you want to appear. Mr. Otedola, went on to inform him that in life, especially in business, perception rules.
Did you see it would have been better for the man to come in a decent car even though it doesn’t belong to him because he wouldn’t have been prized low. As a matter of fact, his value would have been elevated. The car opened a lot of canker worms about his mindset. Did you see that this statement corroborates with what the Bible stated in Proverbs 17:28.
The power of the mind can’t be overemphasized. Mindset cuts across every corner of our life. My late dad used to own a hospital with his brother, the motto of the hospital was “we care, but God cures”. That to me was very inspiring to know that doctors and nurses were limited in their thought process.
Furthermore, I once visited a general hospital in my hometown in Nigeria, each time I visited the hospital to see a patient, I discovered there’s always a gospel song in the background with a melodic soothing message to comfort everyone. In all honesty, even if one has given up hope of recovering, the song is capable of restoring hope. Again, that’s the power of the mind.
The moral here is that the mind controls everything. Napoleon Hill stated in his famous book, “Think and Grow Rich”, that “whatsoever the mind can conceive, believe, it can achieve it’.
In conclusion, if you want to be wealthy, please consider working on your mindset because that’s where everything, including success and failure start and end.
Henry Ukazu writes from New York. He works with the New York City Department of Correction as the Legal Coordinator. He’s the founder of Gloemi. He’s a Transformative Human Capacity and Mindset coach. He is also a public speaker, youth advocate, creative writer and author of Design Your Destiny Design and Unleash Your Destiny . He can be reached via info@gloemi.com






