The Nigerian House of Representatives has approved President Bola Ahmed Tinubu’s tax reform bills, ending months of heated debate and controversy.
This development was announced on Thursday by Presidential spokesperson and Special Adviser on Media and Public Communications, Sunday Dare. He made the disclosure in a statement posted via his official X account.
“Tax reform bills have been approved by Nigeria’s House of Representatives today in Abuja. Today, March 13, 2025,” Dare stated, without offering further details.
The approval follows months of intense discussions and opposition from various stakeholders. The Northern Nigeria Governors’ Forum had earlier rejected parts of the reforms, particularly the proposed value-added tax (VAT) derivation model outlined in the Nigeria Tax Bill. The National Economic Council also expressed its opposition to the VAT derivation proposal.
It will be recalled that on October 3, 2024, President Tinubu forwarded four key tax reform bills to the National Assembly for consideration. These include the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.
The bills are aimed at overhauling the country’s tax system to enhance revenue generation and improve fiscal efficiency.