President Bola Tinubu has assented to the four tax reform bills before the National Assembly. This comes after he received the bills from the National Assembly.
The president conveyed this in a statement on his X page
“Dear Nigerians, In a few hours, I will sign four landmark tax reform bills into law. This will usher in a bold new era of economic governance in our country. These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation. This includes targeted relief for low-income earners, small businesses, and families working hard to make ends meet.
“The four bills – the Nigeria Tax Bill (Fair Taxation), Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.” The statement read in part.
The president however declined to sign the National Drug Law Enforcement Agency Bill, 2025 passed by both chambers of the National Assembly into law over the controversial drug proceeds provision.
Citing Section 58(4) of the 1999 Constitution (as amended), the president explained that the proposed law seeks to empower the NDLEA to retain a portion of the proceeds from drug-related crimes, a move he said contradicts existing financial regulations.
He noted that under the current system, “All proceeds of crime are paid into the government’s Confiscated and Forfeited Properties Account. Disbursements to any recovery agency, including the NDLEA, can only be made by presidential approval. This is subject to the consent of the Federal Executive Council and the National Assembly.”
The President noted there was no acceptable reason to alter a process designed to uphold accountability through executive and legislative oversight.
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