The reforms were designed to address Nigeria’s weak tax-to-GDP ratio, reduce the cost of tax compliance, and broaden the revenue base without increasing rates. The senate on Thursday, 8 May 2025, passed the remaining two of the four tax reform bills submitted by President Bola Tinubu in October 2024. The two bills passed at Thursday’s plenary are the Joint Revenue Board (Establishment) Bill and the Nigeria Tax Bill. Their passage marks the conclusion of the...