BREAKING: Tinubu Insists New Tax Reform Laws Take Effect January 1, 2026

President Bola Ahmed Tinubu has reaffirmed that the implementation of Nigeria’s newly enacted tax reform laws will commence as scheduled on January 1, 2026, declaring that there is no justification for any suspension or delay.

In a statement issued on Tuesday, the President described the reforms as a once-in-a-generation opportunity to overhaul Nigeria’s fiscal framework and build a fairer, more competitive and resilient economy.

Tinubu stressed that the reforms are not designed to increase the tax burden on Nigerians but to improve efficiency, transparency and equity in tax administration. He said concerns raised by stakeholders had been carefully reviewed, adding that none warranted altering the implementation timeline.

“The January 1, 2026 commencement date remains sacrosanct,” the President said, noting that sufficient time had already been allowed for consultations, legislative processes and institutional readiness.

According to him, the reforms will simplify tax administration, broaden the tax base, reduce revenue leakages, and ensure that individuals and businesses pay their fair share, without placing additional pressure on low-income earners and small businesses.

Tinubu added that effective implementation of the tax laws is critical to funding infrastructure development, social services and economic growth programmes, urging government agencies, state governments and the private sector to cooperate fully.

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.