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The Federal Government has opened submissions for the Finance Bill 2027, inviting businesses, investors, professional bodies, civil society organisations, academics and members of the public to propose reforms aimed at strengthening Nigeria’s fiscal and economic framework.
The submission window closes on September 11, 2026, with the Federal Ministry of Finance encouraging stakeholders to provide clear, practical and evidence-based recommendations that can improve the business environment and support sustainable economic growth.
The ministry described the consultation as an opportunity for stakeholders to contribute to “Shaping Better Fiscal Laws for a More Productive and Competitive Nigeria.”
According to the notice, contributors are expected to identify gaps, ambiguities, inconsistencies and implementation challenges in existing laws and regulations and recommend specific amendments that could address the identified issues.
The government said the proposed reforms should help improve the ease of doing business and investment, strengthen tax administration and revenue mobilisation, promote fiscal transparency and accountability, and reduce unnecessary regulatory and administrative burdens.
Tax administration, revenue mobilisation
Taxation and revenue administration are among the priority areas identified for stakeholder input.
Submissions may cover tax policy, revenue mobilisation, taxpayer compliance, taxpayer services, tax certainty, incentives, customs and excise, as well as coordination among revenue-generating agencies.
The Federal Government is also seeking recommendations that could improve the efficiency of tax administration while creating a more predictable regulatory environment for taxpayers and businesses.
This comes as Nigeria continues efforts to strengthen domestic revenue mobilisation and reduce fiscal pressures through reforms to the country’s tax and revenue systems.
Fiscal management and sustainability
Stakeholders have also been invited to make proposals on fiscal policy and management, including revenue and expenditure management, budgeting, public financial management, fiscal sustainability, public debt and intergovernmental fiscal relations.
The consultation further covers fiscal responsibility, transparency and accountability, with areas such as budget discipline, financial reporting and disclosure, monitoring, institutional oversight and accountability open for consideration.
The government said reforms in these areas should strengthen public financial management and improve the efficiency and transparency of how public resources are raised, allocated and utilised.
Financial regulation and compliance
The Finance Bill consultation also extends to financial and economic regulation, including capital markets, investment and cross-border capital flows, anti-money laundering requirements, financial reporting and other regulatory areas with significant fiscal or economic implications.
Stakeholders can also propose amendments to laws, regulations, policies or institutional arrangements that require harmonisation, modification or introduction to improve Nigeria’s competitiveness and economic governance.
The inclusion of anti-money laundering, financial reporting and cross-border capital flows highlights the intersection between fiscal policy, financial regulation and broader economic governance.
Government prioritises practical reforms
The Federal Ministry of Finance said priority would be given to proposals capable of addressing existing regulatory gaps, reducing unnecessary administrative burdens and improving productivity and economic efficiency.
Other priorities include harmonising conflicting or overlapping rules, reducing leakages, abuse and regulatory arbitrage, and strengthening coordination among government institutions.
The government also wants reforms that can improve revenue mobilisation and fiscal sustainability without placing unnecessary constraints on economic activity.
For contributors proposing legislative changes, the ministry advised them, where possible, to identify the relevant law and specific provision requiring amendment and provide proposed draft language.
It noted that general recommendations would also be considered, although proposals containing specific legislative language would be more useful during the drafting process.
The consultation provides businesses, investors, professional organisations and other stakeholders with an opportunity to influence the development of Nigeria’s next phase of fiscal reforms.
With the government seeking to improve revenue mobilisation, regulatory efficiency, transparency and economic competitiveness, the quality and practicality of submissions could play an important role in shaping the Finance Bill 2027and the wider fiscal reform agenda.
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