President Bola Ahmed Tinubu on Friday received the Nigeria Tax Reform Acts at his Lagos residence, marking a major step towards the full implementation of the Federal Government’s fiscal and tax reform agenda.

The Acts were formally presented to the President by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, during a brief ceremony attended by senior government officials.

Those present at the event included the Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila; Chairman of the National Tax Policy Implementation Committee (NTPIC), Mr. Joseph Tegbe; and the Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji.

The presentation underscores the administration’s commitment to overhauling Nigeria’s tax system to make it more efficient, transparent, and growth-oriented. The Tax Reform Acts are the outcome of extensive consultations and technical work by the Presidential Committee on Fiscal Policy and Tax Reforms, established to modernise Nigeria’s fiscal framework and reduce the burden on ordinary citizens and small businesses.

Speaking during the presentation, Mr. Oyedele briefed the President on the objectives and expected impact of the reforms, noting that the new tax regime is designed to simplify tax administration, broaden the tax base, encourage voluntary compliance, and stimulate economic growth, while offering relief to low-income earners and small enterprises.

President Tinubu commended the committee and relevant agencies for their work, reaffirming his administration’s resolve to implement policies that support economic stability, improve revenue generation without stifling growth, and strengthen public trust in government institutions.

The Nigeria Tax Reform Acts are expected to take effect nationwide from January 1, 2026, in line with the Federal Government’s implementation timetable.