…To set up conference C’ttee with Reps to harmonize differences
IGNATIUS OKOROCHA, Abuja
The Senate has finally passed the remaining two Tax Reform Bills comprising the Nigeria Tax Bill 2025(SB.586) and the Joint Revenue Board (Establishment)Bill,2025(SB.583).
Recall that the Senate had on Wednesday passed the Nigeria Revenue Service and Nigeria Tax Administration Bill.
The four Tax Reform bills were Executive Bills sponsored by President Bola Ahmed Tinubu and transmitted to the two chambers of the National Assembly in November 2025.
The bills were passed sequel to the presentation of the finance committee report by its chairman Senator Sani Musa.
The two bills passed on Thursday are “Joint Tax Board Establishment Bill and Nigeria Tax Bill” after clause-by-clause consideration of the bills.
Senator Musa while addressing journalists after the passage of bills, said it was necessary for the country taxes to be in line with international best practices.
The four tax reform bills passed include the Nigerian Revenue Service Establishment Bill, the Nigerian Tax Administration Bill, the Joint Tax Board Establishment Bill and the Nigerian Tax Bill.
According to Senator Musa, the four bills in one way or the other are interconnected, adding that “the objective of these bills is to streamline our tax administration, to make it possible that our taxes and the operations meet international best practices”.
He said the tax bills were presented by President Bola Tinubu with the sole aim of bringing economic prosperity to Nigerians, adding that “taxes are not enough to develop a nation, but taxes are very important segments to developing a nation because without money, without adequate revenue, you will not be able to get to meeting all those appropriated projects”.
According to Senator Musa, a selected number of senators will be meeting with their counterparts from the House of Representatives to harmonize the differences in the Tax Reform bills passed by both chambers to adopt a common ground before taking it to Mr President for his assent.
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