Tinubu Declares New Tax Laws to Take Effect January 2026

 

 

President Bola Tinubu has affirmed that the newly enacted tax laws will take effect on January 1, 2026, as scheduled, dismissing speculations about any delay or reversal of the reforms in a statement issued on Tuesday, December 30.

The president said the tax reforms, some of which already took effect on June 26, 2025, represented a historic opportunity to establish a fair, competitive, and resilient fiscal framework for Nigeria.

He stated that the new tax laws were not aimed at increasing the tax burden on citizens but were designed to drive structural reforms, promote harmonisation within the tax system and strengthen the social contract while protecting the dignity of Nigerians.

Tinubu urged relevant stakeholders to support the implementation phase of the reforms, noting that the process had moved beyond policy formulation and was now firmly in the delivery stage.

Addressing public concerns over alleged amendments to certain provisions of the tax laws, Tinubu said no substantial issue had been identified that would justify disrupting the reform agenda.

The president also reaffirmed his administration’s commitment to due process and the sanctity of enacted laws, pledging to work closely with the National Assembly to promptly resolve any issues that might arise.

He said: “Our administration is aware of the public discourse surrounding alleged changes to some provisions of the recently enacted tax laws.

“No substantial issue has been established that warrants a disruption of the reform process. Absolute trust is built over time through making the right decisions, not through premature, reactive measures.

“I emphasise our administration’s unwavering commitment to due process and the integrity of enacted laws. The Presidency pledges to work with the National Assembly to ensure the swift resolution of any issue identified.”

 

Tinubu reassured Nigerians of the federal government’s commitment to the overall public interest, pledging to implement a tax system designed to foster economic prosperity and promote shared responsibility.

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