May 12, 2025/CSL Research
The Nigerian Senate has approved the four tax reform bills proposed by President Bola Tinubu, marking a significant milestone in the administration’s broader economic reform agenda. We note that the passage of these bills signals a strong legislative commitment to enhancing Nigeria’s revenue mobilisation capacity by broadening the tax base and modernising the country’s tax framework.
The bills will now be forwarded to the President for assent, with implementation expected to begin in late 2025 or early 2026. A key objective of the tax reforms is to raise Nigeria’s tax-to-GDP ratio from its current level of approximately 10% to 18% by the end of 2027 – bringing it closer to the average across sub-Saharan Africa (SSA).
Click here to download full report: CSL Nigeria Daily – 12 May 2025 – Economy.pdf
