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President Bola Tinubu has signed four tax reform bills into law, signalling what he described as a bold new era of economic governance in the country.
The President signed the bills in the presence of principal officers of the National Assembly, including Senate President, Godswill Akpabio, Speaker of the House of Representatives, Tajudeen Abbas, among others.
Tinubu explained that the reforms will go beyond streamlining tax codes.
According to him, the reforms are meant to deliver the first major, pro-people tax cuts in a generation.
Specifically, he said they will provide targeted relief for low-income earners, small businesses and families working hard to make ends meet.
The four bills, which are now Acts, are the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
Tinubu said the policy will unify the country’s fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.
In other news, President Bola Tinubu on Wednesday said he is a product of the hard work of the former National Chairman of the All Progressives Congress, APC, Abdullahi Adamu.
Tinubu disclosed this while insisting that his administration has been performing well since assuming office.
He spoke in Lafia, the Nasarawa State capital, during the inauguration of state projects.
The president also commended the state governor, Abdullahi Audu Sule, for his efforts in transforming the state.
He said: “Former governors here present, my friend Tanko Al-Makura and my former Chairman, Senator Abdullahi, thank you.
