BREAKING: Tinubu Signs Tax Reform Bills Into Law
– President Bola Tinubu has just signed four tax reform bills into law, describing the bills as a bold new era of economic governance in the country.
The President signed the bills in the presence of key National Assembly members like the Senate President, Godswill Akpabio, Speaker of the House of Representatives, Tajudeen Abbas among others.
Tinubu explained that these reforms go beyond streamlining tax codes. Rather it is meant to 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.
The four bills 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 our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.
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Innocent Oweh
Innocent Oweh, holds Higher National Diploma(HND) in Mass Communication from Auchi Polytechnic, Edo State. He has been a practicing journalist for almost two decades, transending various beats like Education,Labour, Information,SGF and currently the Presidency. A committed staff of Independent Newspapers Limited(INL) since 2008, he is married with children.