The national assembly has transmitted the tax reform bills to President Bola Tinubu for assent.
Yemi Adaramodu, chairman of the senate committee on media
and public affairs, relayed the development on Tuesday during a press briefing
at the National Assembly Complex.
The legislative package includes four bills: the Joint
Revenue Board (Establishment) Bill, the Nigeria Revenue Service (Establishment)
Bill, the Nigeria Tax Administration Bill, and the Nigeria Tax Bill.
The bills are designed to modernise tax administration,
broaden the tax base, and enhance coordination across federal, state, and local
levels.
“Yes, the bill has now been transmitted. It is out of our hands and on its way to the executive,” Adaramodu said.
The bills were originally sent to the national assembly by
Tinubu in November 2024 as part of his administration’s Renewed Hope economic
agenda.
The harmonised versions were adopted by the senate and house
of representatives on May 25.
“Tax bills like these require careful scrutiny. Legal
departments in both chambers must ensure they align with existing laws before
we send them to the presidency,” the senate spokesperson said.
“It’s not a matter of two or three days. After
harmonisation, the clerk of the national assembly prepares the final document.
Only then can the senate president and the speaker sign off for transmission.”
He said the joint committees, legal review teams, and
legislative aides worked on the final drafts.
Senate President Godswill Akpabio last week commended the
lawmakers for their display of “national interest, inclusive legislative
engagement, and strategic leadership” in ensuring the bills’ passage.
“These bills will add immense value to governance and
transform how taxes are collected and shared in Nigeria,” Akpabio said.
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