A photograph of a wooden gavel, a piece of white paper with the words
President Bola Tinubu says the newly signed tax reform bills have ushered in a new era for the economy and fresh business opportunities in Nigeria.
In a statement on Thursday, Bayo Onanuga, the president’s special adviser on information and strategy, said Tinubu spoke during the signing ceremony at the presidential villa.
Tinubu said the occasion presented a new lease of life to every Nigerian and future generation.
“What we did a few minutes ago is the way forward for our country’s prosperity. Leadership must help people take off, lead the way, and navigate every turn and twist. We must help them reach their destination. That is what we are doing,” he said.
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“We are in transit; we have changed the roads, we have changed some of the misgivings, we have opened the doors to a new economy, business opportunities. We have shown the world that Nigeria is ready and open for business.”
The president commended the national assembly’s bold leadership in passing the reforms despite early challenges.
“It was initially difficult, but not all roads will be easy in nation-building,” Tinubu said.
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“What you have provided is leadership and courage in the face of mounting disputes. Nowhere in the world would tax reforms be easy.”
Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, praised Tinubu’s leadership in facilitating the passage of the four tax reform bills and thanked him for his supportive role.
“History will remember you for good for transforming our country because you went for a fundamental reform,” Oyedele said.
On his part, Godswill Akpabio, the senate president, lauded Tinubu for “being a visionary leader who cares for the country”, saying the tax reform law will have a lasting impact for generations to come.
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Zacch Adedeji, chairman of the FIRS, described the signing ceremony as the happiest day of his life and the passage of the reforms as a dream come true.
Speaking to journalists after the signing, Adedeji said Nigeria’s new tax laws will take effect from January 1, 2026, under the renamed agency — the Nigeria Revenue Service.
