The Senate is expected to pass the tax reform bills submitted by President Bola Tinubu to the National Assembly today (Tuesday).

Two senators, speaking anonymously, confirmed the development, stating that the process was delayed due to the Rivers State emergency issue but is now set for approval.

The bills—Nigerian Tax Bill, Tax Administration Bill, Revenue Tax Board Bill, and Nigerian Revenue Service Establishment Bill—were already approved by the House of Representatives two weeks ago.

Key amendments include maintaining the Value Added Tax (VAT) at 7.5% and granting income tax exemptions to certain agricultural businesses and military officers.

A public hearing was held earlier, gathering key stakeholders such as Finance Minister Wale Edun, FIRS Chairman Zacch Adedeji, NNPC CEO Mele Kyari, and other top officials to refine fiscal policies.

With Senate approval, the bills will be sent to President Tinubu for signing into law.