The Presidency has confirmed that new tax laws, including those enacted on June 26, 2025, will take effect on January 1, 2026. President Bola Ahmed Tinubu emphasized that these reforms present a “once-in-a-generation opportunity” to establish a fair and robust fiscal framework for Nigeria.
In a statement released today, President Tinubu clarified that the tax laws are designed not to increase taxes but to facilitate structural changes, enhance harmonization, and strengthen the social contract with citizens. He urged all stakeholders to support the implementation of these laws, highlighting that the process is entering the delivery phase.
Addressing concerns over alleged modifications to certain provisions of the recent tax legislation, the President stated that “no substantial issue has been established that warrants a disruption of the reform process.” He underscored the importance of building trust through consistent, sound decision-making rather than reactive measures.
President Tinubu reiterated the administration’s commitment to maintaining due process and integrity in law implementation, promising to collaborate with the National Assembly to address any emerging issues promptly. He assured Nigerians that the Federal Government is focused on creating a tax system that fosters prosperity and shared responsibility.
The statement was officially signed by President Bola Ahmed Tinubu, GCFR, Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria.
