Breaking: National Assembly Passes Explosive Tax Reform Bills To Tackle Revenue Crisis

The Senate and House of Representatives on Wednesday approved the harmonized report from the conference committee on four critical tax reform bills.

The bills were passed following the presentation of the reconciled report in both chambers of the National Assembly.

In the Senate, the report was presented by Senator Mohammed Sani Musa, Chairman of the Senate Committee on Finance and leader of the Senate’s delegation to the conference committee.

Meanwhile, in the House of Representatives, Abiodun Faleke (APC, Lagos), Chairman of the House Committee on Finance and head of the House delegation, submitted the report for consideration.

Faleke noted that the conference committee successfully resolved all discrepancies between the versions earlier passed by both chambers. Specifically, they addressed 45 differences in the Nigeria Tax Administration Bill, 12 in the Nigeria Revenue Service Bill, 9 in the Joint Revenue Board Bill, and 46 in the Nigeria Tax Bill.

These four reform bills, originally submitted to the National Assembly in November 2024 by President Bola Ahmed Tinubu, include:

• The 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)