On Tuesday, the Senate confirmed that the National Assembly has transmitted the tax reform bills to President Bola Tinubu for his assent.
This confirmation coincided with Tinubu signing three new bills in Abuja, which has increased the total number of bills he has enacted during the 10th Assembly to 55.
Sen. Yemi Adaramodu, the Chairman of the Senate Committee on Media and Publicity, verified the transmission of the tax reform bills during an interaction with Senate correspondents at the National Assembly in Abuja.
“I can confirm to you that the bills have been transmitted to the Executive. You may quote me on this,” Sen. Adaramodu remarked.
The four tax bills consist of the Joint Revenue Board (Establishment) Bill, 2025; the Nigeria Revenue Service (Establishment) Bill, 2025; the Nigeria Tax Administration Bill, 2025; and the Nigeria Tax Bill, 2025.
The Senate had adopted the harmonised versions of these bills on May 28, as agreed by both chambers of the National Assembly, having previously passed them through first, second, and third readings.
President Tinubu had initially sent the bills to the Legislature in November 2024, but they quickly became contentious as various stakeholders, including the Governors’ Forum, expressed their opposition.
Following a series of consultations aimed at resolving outstanding issues and adjustments to the Value Added Tax (VAT), as well as corporate and income tax provisions, tensions subsided, enabling the National Assembly to approve the bills.
Despite both the Presidency and the National Assembly celebrating the bills as part of the midterm achievements of the current All Progressives Congress-led government, there has been no evidence that Tinubu has approved them.
On Tuesday, the Senate quashed further rumours regarding the bills, stating that while the Legislature has fulfilled its role, it now awaits the President’s signature.”
