President Bola Tinubu has approved four new tax laws to help bring Nigeria’s tax system together and make it work better. These laws aim to fix the many scattered tax rules across the country.

The purpose of the new laws is to stop repeated charges, make the tax system clearer, encourage investors, and ensure that everyone is treated fairly. The government hopes this will create a more open and simple tax structure.

The signing took place on Thursday at the Presidential Villa in Abuja. President Tinubu said this move is a strong and important change in how the country handles its finances.

Before the signing, the National Assembly had already passed the four tax bills. They are the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill. Lawmakers passed them after talking to many groups and individuals who have a stake in the country’s tax matters.

According to the presidency, the new tax laws will greatly improve how taxes are collected in Nigeria. They are expected to increase government income, make the country more attractive for business, and bring in more investors from both inside and outside Nigeria.