President Bola Ahmed Tinubu has reaffirmed that the new tax laws would take effect on January 1, 2026, despite ongoing public debate on some provisions legislations.
The alleged tampering with the tax laws by the National Assembly has generated public outcry in the country.
In a statement he personally signed on Tuesday, the President pointed out that the laws are not intended to raise taxes but to reset Nigeria’s fiscal structure, harmonise tax administration, and strengthen the social contract between government and citizens.
The reforms, which began with measures enacted on June 26, are described by the Presidency as a “once-in-a-generation opportunity” to establish a fair, competitive, and sustainable fiscal foundation for the country.
“Absolute trust is built over time through making the right decisions, not through premature, reactive measures,” he said.
The President acknowledged concerns raised in public discourse but stressed that no substantial issues have emerged to justify halting the reform process.
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He pledged that his administration would continue to work with the National Assembly to address any challenges swiftly and transparently.
Tinubu further assured Nigerians that the Federal Government remains committed to due process and the integrity of enacted laws.
“We will continue to act in the overriding public interest to ensure a tax system that supports prosperity and shared responsibility,” he stated.
The reforms mark one of the most significant overhauls of Nigeria’s tax framework in decades, with the implementation phase now firmly underway.
Babajide Okeowo