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Tinubu to Sign Four Tax Bills to Cut Taxes, Help Nigerians and Small Businesses
President Bola Ahmed Tinubu says Nigeria is set for a major economic shift as he prepares to sign four significant tax bills into law. In a post shared on his official X account Thursday, Tinubu explained that the new tax reforms are designed to do more than just tidy up tax laws, they are aimed at providing real relief to ordinary Nigerians.
“In the next few hours, I will be signing four major tax reform bills into law, marking a bold new chapter for our economy,” he stated. He noted that the reforms would introduce the first major tax cuts in years, with benefits focused on low-income earners, small business owners, and families struggling to keep up with daily living costs.
The tax bills include the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill. Tinubu explained that these new laws will help bring together Nigeria’s scattered tax system, reduce waste, cut unnecessary processes, boost investor confidence, and ensure better transparency and coordination across all levels of government.
The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.
The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.
“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”
Nigerian politician Peter Obi speaks on the increase in the cost of living in Nigeria and shared how more Nigerians are now hungry and the hunger crisis is increasing in the country.
He stated, “Despite three years of Tinubu’s food emergency, Nigeria’s hunger ranking index declined to among the worst nations globally.”
“Yet the outcome of this has been the opposite. Nigeria’s hunger index has worsened significantly. Nigeria’s hunger index ranking was 103rd out of 123 countries surveyed in 2022/2023, and this figure has since worsened to 115th out of 123 countries surveyed in 2025/2026.”
The U.S. government has released a warning to social media influencers who will be coming to watch the 2026 FIFA World Cup.
The government placed a rule on creating content to make money while using a tourist visa and stated that it could lead to deportation back to their country.
It can be noted that the World Cup will be hosted in the United States, Canada, and Mexico.
“People who enter the United States under a visitor program and receive income from a U.S. source would be violating the conditions of their admission status.”
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