On June 26, 2025, Nigerian President Bola Tinubu signed into law four tax reform bills aimed at modernizing and streamlining the country's fiscal and revenue framework. These reforms are intended to simplify Nigeria's complex tax system and improve revenue collection. The legislation consolidates various existing tax laws into a single, accessible document to facilitate compliance for individuals and businesses. Key fiscal parameters remain unchanged, with the Value Added Tax (VAT) set at 7.5% and the Corporate Income Tax (CIT) at 30%. The new tax laws will take effect on January 1, 2026. The reforms have been welcomed by stakeholders including the Abuja Chamber of Commerce and Industry and Ogun State Governor Dapo Abiodun, who highlighted their potential to support economic growth. The government described the bills as transformative for Nigeria's fiscal policy and economic trajectory.