Breaking News: No Going Back: President Tinubu Confirms New Tax Laws to Take Effect January 1, 2026
President Bola Tinubu has confirmed that the new tax laws will commence as scheduled on January 1, 2026, dismissing calls from some quarters for a delay. The President emphasized that the reforms are aimed at harmonizing the tax system rather than increasing taxes.
In a statement on Tuesday, President Tinubu explained that while there have been public concerns regarding the new laws, no substantial issue has been raised to justify halting the implementation process. He assured Nigerians that the government would uphold due process and collaborate with all stakeholders, including the National Assembly, to address any identified challenges.
“The new tax laws, including those that took effect on June 26, 2025, and the remaining acts scheduled to commence on January 1, 2026, will continue as planned,” the President stated. He described the reforms as a “once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation” for the country.
President Tinubu further stressed that the laws are designed to support structural reform, harmonization, and social equity, reinforcing trust through careful and deliberate policymaking rather than reactive measures.
He urged all stakeholders to cooperate during the implementation phase, which he described as being “firmly in the delivery stage,” and reassured Nigerians of the administration’s commitment to ensuring a tax system that promotes prosperity and shared responsibility.