By Ephraim Agbo
Let’s not pretend—2023 was noisy.
Questions about election transparency, political legitimacy, and “how we got here” have dominated street corners and social media timelines since Bola Ahmed Tinubu was declared president. But here’s the thing: Nigerians are tired of vibes and optics. We’re hungry for action.
And with the recent signing of the four-part tax reform bill—what many are now calling The Task Bill—Tinubu may have just done something people across divides can respect.
🧾 What’s This Task Bill All About?
On June 26, 2025, President Tinubu signed into law four consolidated tax bills aimed at making Nigeria’s tax system smarter, fairer, and more people-oriented. They are:
- The Nigeria Tax Reform Act
- The Tax Administration Code
- The Nigeria Revenue Service Act
- The Joint Revenue Board Reform Act
These bills don’t just patch things—they restructure the whole system.
- A new tax sheriff in town: The Nigeria Revenue Service (NRS) will take over revenue collection from fragmented agencies like FIRS and Customs. One unified body.
- More tax sense, less tax stress: The new law simplifies taxes, wipes out more than 50 minor levies, and eliminates duplication.
- Zero tax for the vulnerable: Essentials like food, rent, transport, and public utilities are VAT-exempt. Minimum wage earners? No income tax.
- Business-friendly vibe: Small businesses under ₦50 million turnover? No corporate tax. Formalising your hustle just got easier.
💡 Why Nigerians Are Paying Attention
For once, we’re not talking about fuel price hikes or painful austerity. This feels different. It feels…thought-out. Proactive. Strategic.
As ICAN (Institute of Chartered Accountants of Nigeria) put it, this tax law is “novel and holistic,” designed to boost productivity and protect low-income earners. They actually said that.
Economists are also giving it a cautious thumbs-up—especially with Nigeria’s tax-to-GDP ratio still around 10%. The goal now? Grow that to 18% by 2026. That means more money for roads, schools, hospitals… assuming it’s not looted.
🎙️ And Here’s the Street Take: “We Don’t Care How You Got In…”
Because at the end of the day, Nigerians don’t drink governance; they feel it.
They feel it when rent goes up.
They feel it when pure water is ₦50.
They feel it when power bills eat salary and the generator eats fuel.
But we also feel when government makes sense. This bill makes sense. It speaks the language of impact.
So, for those who still roll their eyes when Tinubu’s name is mentioned—and rightly so, in some cases—this bill is a moment that says:
“Forget how I entered. Look at what I’m doing.”
And honestly? If this is the kind of work Tinubu is bringing, we’ll take more of it.
🧠What to Watch
- Can the new Nigeria Revenue Service avoid becoming “FIRS 2.0”?
- Will states cooperate under the new Joint Revenue Board?
- Will prices actually drop as VAT exemptions kick in?
- Will this be followed by more pro-people laws—or is it just a one-off?
🛠Final Word
We’re not asking for miracles. We’re asking for governance that doesn’t insult our intelligence.
So, Tinubu—this Task Bill? It’s a step in the right direction.
Bring more. Build trust. And maybe, just maybe, you’ll get people saying something they never imagined:
“We don’t care how you got in—just keep delivering like this.”
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