NewStats: 3,261,999 , 8,175,827 topics. Date: Saturday, 31 May 2025 at 12:57 PM 67484b

ABUJA, NIGERIA — The Nigerian Senate has ed two significant tax reform bills aimed at transforming the country’s tax istration system and improving revenue generation and distribution across all levels of government.

During plenary, Senate President Godswill Akpabio described the age of the bills as a critical step in modernising Nigeria’s fiscal framework, noting that the reforms would “add immense value to governance and revolutionise tax collection and distribution.”

The two key bills are:

1. The Federal Inland Revenue Service (Establishment) Repeal Bill

2. The t Revenue Board (Establishment) Bill 2025, which includes provisions of the Nigeria Revenue Service Bill 2025

Both pieces of legislation were ed after deliberations in the Committee of the Whole and were adopted following a third reading on the Senate floor.

The reforms are part of the broader legislative agenda initiated by President Bola Ahmed Tinubu, who had earlier submitted four tax-related bills to the National Assembly in October 2024 for review and approval.

Senate President Akpabio commended the progress made and expressed optimism that the approved tax reform measures would strengthen revenue institutions and bring clarity and fairness to the way taxes are assessed and shared across the federation.

Source: The Bureau Newspaper

The news appears incomplete. I expected it to briefly explain the details of the tax bills.

Can we see the content of the ed tax bills that positively affect ordinary Nigerians and businesses.

It should not only be about how governments share the tax money.

This is a great news what we want as a nation state and local government should generate more funds

Lol


By the time Tinubu is done with Nigeria, una mo go get the strength to shout “God Abeg”

They will never bill for steady power supply.
Or to provide for the downtrodden
Or to give incentives to the business people
Or to help the schools that are currently in disrepair
Or the hospitals that are empty and Inadequate

But to tax the poor so they will have more to loot, they are ever ready

Wicked people

FREE NNAMDI KANU

PITA tax reform nkọ?

Hoping that the bill will remove issues of double taxation

shoodboi2:
The news appears incomplete. I expected it to briefly explain the details of the tax bills.

Not those bills with much details.
Those ones haven't been ed yet.
These bills are the ones renaming FIRS to JRB and expanding it's reach. All taxes and levies previously collected by others agencies (NCS, NPA, et al) will now be collected by the JRB (formerly FIRS).

What are their functions and responsibilities

The content of the new tax bill should have been outlined..

Anyway kudos to the house!

Good

Slow and steady

shoodboi2:
The news appears incomplete. I expected it to briefly explain the details of the tax bills.

You go wait taya... soon that rice you thought reduced will go higher. I still wonder how this will solve any problem. It's like embedding a bug that will suck you dry.

President Tinubu don eventually have his way

Menclothing1:
This is a great news what we want as a nation state and local government should generate more funds

Yeah to be able to buy 300 seater airliners as presidential jets, aircraft air uses to fly 300 engers from Paris to Lagos.

How e take concern us?

My signature o. No click link if you no dey alone sha

Ok

dalass:


They will never bill for steady power supply.
Or to provide for the downtrodden
Or to give incentives to the business people
Or to help the schools that are currently in disrepair
Or the hospitals that are empty and Inadequate

But to tax the poor so they will have more to loot, they are ever ready

Wicked people

The Senate has ed the Electricity bill into law, they have ed the National social investment program bill into law and several others. It's very easy for your likes to sit down on social media and talk ignorantly. Yu guys think you know more but unfortunately you barely know nothing. Even the tax bills in consideration is to alleviate the tax burdens on the poor.

I hope Alpha-Beta will not be in charge absolutely? 10% of revenue collected in the whole Nigeria is much oooo

JAGABAN

oluwatomiwa:
I hope Alpha-Beta will not be in charge absolutely? 10% of revenue collected in the whole Nigeria is much oooo

They are in charge, do your worst.

DropsMic:
Lol


By the time Tinubu is done with Nigeria, una mo go get the strength to shout “God Abeg”

As you have prayed for yourself, so shall it be

ebexofficial:
What are their functions and responsibilities

The FIRS will be in charge of collecting every tax and levies some other agencies are presently collecting.

zero8zero:

The Senate has ed the Electricity bill into law, they have ed the National social investment program bill into law and several others. It's very easy for your likes to sit down on social media and talk ignorantly. Yu guys think you know more but unfortunately you barely know nothing.

How are those "bills" that have been ed working for you Electricity bill that has translated into not having light at all?😔 @Mr I know-it-all?

They go abroad and see better social security there, they can't do same here. They see better security, lailai they only want to oppress us with security officers. They see correct infrastructure, they are sitting ducks here. Healthcare nko, they will rather carry our taxpayers money to travel and treat themselves and their family abroad.

God is the judge..

Funkyswagzz:


You go wait taya... soon that rice you thought reduced will go higher. I still wonder how this will solve any problem. It's like embedding a bug that will suck you dry.

You go cry tire

oluwatomiwa:
I hope Alpha-Beta will not be in charge absolutely? 10% of revenue collected in the whole Nigeria is much oooo

FIRS will be in charge of collecting tax and levies

shoodboi2:
The news appears incomplete. I expected it to briefly explain the details of the tax bills.

Go look for its full imports and stop the criticism.
Later,Google is there to help the helpless.
Welldone Senator Akpabio.
Keep it Up.