BusinessEconomyNewsNigeriaReps Approve Tinubu’s Tax Reform Bills, Retain 7.5% VAT
By Ezinwanne Onwuka (Senior Reporter)March 14, 2025
The House of Representatives has approved four tax reform bills proposed by President Bola Tinubu, aiming to overhaul the nation’s tax system. The bills, however, underwent notable amendments during the legislative process. The approved bills—the Nigerian Tax Bill, Tax Administration Bill, Revenue Tax Board Bill, and Nigerian Revenue Service Establishment Bill—are designed to modernise the country’s tax system and boost revenue generation. The key amendments include retaining the Value Added Tax rate at the current...
