Nigeria's Senate passed four tax bills on Thursday, marking a significant step in President Bola Tinubu's economic reform agenda.
The legislation aims to modernize tax laws, some of which date back to the colonial era. The bills will now be sent to the president for approval and could be implemented later this year or in early 2026.
The overhaul excludes a proposed increase in value-added tax but includes other measures sought by President Tinubu to bolster the country's economy.