The Nigerian Senate has officially adopted the harmonised conference committee report on four key tax reform bills, marking a major step in the Federal Government’s push to modernize and streamline the country’s tax system.
The resolution was adopted during Wednesday’s plenary following the consideration and approval of the conference committee recommendations jointly prepared by the Senate and the House of Representatives.
Senator Mohammed Sani Musa, Chairman of the Senate Committee on Finance and leader of the Senate delegation to the conference committee, presented the report on the floor of the Red Chamber.
🧾 The Four Major Tax Bills Passed Include:
- Joint Revenue Board (Establishment) Bill, 2025 (SB. 583)
- Nigeria Revenue Service (Establishment) Bill, 2025 (SB. 584)
- Nigeria Tax Administration Bill, 2025 (SB. 585)
- Nigeria Tax Bill, 2025 (SB. 586)
These bills were originally transmitted to the National Assembly by President Bola Ahmed Tinubu in November 2024 as part of his administration’s broad economic and fiscal reform agenda.
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🔍 What This Means:
The harmonisation ensures that both chambers of the National Assembly are aligned on the provisions of the tax reforms.
These bills are expected to boost government revenue, enhance tax compliance, and streamline Nigeria’s tax framework for better economic management.
More details will follow as developments unfold.
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