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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.
It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.
It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.
“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”
The young star has made Nigeria proud by winning the international competition.
President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.
He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”
The President added that the reforms are creating more opportunities for development across the country.
However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.
Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.
He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.
He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”
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