By Our Correspondent
President Bola Tinubu has confirmed that Nigeria newly enacted tax reform laws will take effect on January 1 2026, maintaining the scheduled start date despite calls from critics and stakeholders for a postponement.
In a statement personally signed on Tuesday, the President dismissed claims of discrepancies and inconsistencies within the laws, saying the concerns raised do not justify delaying their implementation. He described the reforms as a rare opportunity to restructure the tax system and strengthen the economic foundation of the country.
According to the President, the reforms are aimed at creating a fairer and more competitive tax framework that protects low income earners and small businesses, while improving revenue generation through a modern and efficient tax administration.
He said the new tax system is expected to reduce pressure on vulnerable citizens and improve compliance, ensuring that government revenue increases without placing an excessive burden on ordinary Nigerians.
The President noted that the January 2026 commencement date allows adequate time for public awareness, institutional preparation, and engagement with relevant stakeholders to ensure effective implementation.
The tax reforms have continued to generate public debate, with some groups expressing concerns about their potential impact on businesses and the economy. Despite this, the Federal Government maintains that the reforms are necessary to improve revenue collection, reduce dependence on borrowing, and support the delivery of essential public services.
With the confirmation of the implementation date, the government has made clear its intention to proceed with the reforms as planned, marking a major shift in Nigeria tax policy framework.
