President Bola Ahmed Tinubu has reaffirmed that the implementation of Nigeria’s newly enacted tax reform laws will begin as scheduled on January 1, 2026, stressing that there is no compelling justification to suspend or delay the rollout.
In a statement released on Tuesday, the President described the tax reforms as a once-in-a-generation opportunity to restructure Nigeria’s fiscal system and lay the foundation for a fairer, more competitive, and more resilient economy. He emphasized that the reforms are aimed at improving efficiency, transparency, and equity in the tax system rather than increasing the tax burden on citizens.
According to Tinubu, the government has carefully reviewed concerns raised by various stakeholders but found no substantial reason to halt the implementation timeline. He noted that the January 1 commencement date remains sacrosanct, as adequate time has been provided for consultations, legislative processes, and institutional preparations.
The President clarified that the reforms are designed to simplify tax administration, broaden the tax base, reduce leakages, and ensure that all eligible individuals and businesses contribute their fair share.
He added that the new laws are expected to enhance revenue generation without placing additional pressure on low-income earners or small businesses.
Tinubu also highlighted that the success of the reforms is critical to funding key national priorities, including infrastructure development, social services, and economic growth initiatives. He called on relevant agencies, state governments, and the private sector to fully cooperate to ensure a smooth and effective implementation.
Reiterating his administration’s commitment to economic reforms, the President assured Nigerians that the government remains focused on policies that promote inclusive growth, fiscal sustainability, and long-term national prosperity.
