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National Affairs

Government Rules Out Delay As New Tax Laws Begin January 1, 2026

 JKNM JKNMDecember 31, 2025 822 Minutes read0
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By Jemimah Wellington, JKNewsMedia Correspondent

IMPLEMENTATION OF Nigeria’s new tax laws will proceed as scheduled, with remaining provisions set to commence on January 1, 2026, following a reaffirmation by President Bola Tinubu on December 30, 2025.

The President stated that the new tax laws, including those that took effect on June 26, 2025, alongside the remaining acts scheduled for implementation on January 1, 2026, would continue as planned.

He also described the reforms as a once in a generation opportunity to build a fair, competitive and robust fiscal foundation for the country.

He said the reforms were not designed to raise taxes but to support a structural reset, drive harmonisation and protect dignity while strengthening the social contract and urged stakeholders to support the implementation phase, noting that the process had moved firmly into the delivery stage.

President Tinubu said his administration was aware of the public discourse surrounding alleged changes to some provisions of the recently enacted tax laws as he also stated that no substantial issue had been established that warranted a disruption of the reform process.

He said absolute trust is built over time through making the right decisions and not through premature or reactive measures adding that his administration remained unwavering in its commitment to due process and the integrity of enacted laws.

The President also said the Presidency would work with the National Assembly (NASS) to ensure the swift resolution of any issue identified during the implementation process.

He assured Nigerians that the Federal Government (FG) would continue to act in the overriding public interest to ensure a tax system that supports prosperity and shared responsibility.

He reiterated that the reforms were aimed at building a fair and competitive fiscal system and strengthening the relationship between the government and citizens adding that the tax laws were designed to provide a strong fiscal foundation for the country while protecting dignity and reinforcing shared responsibility.

President Tinubu also said the implementation of the tax reforms marked a critical stage, adding that the administration was now firmly focused on delivery as he urged all stakeholders to support the process, stating that broad cooperation was essential to achieving the objectives of the reforms.

He said the government had taken note of concerns raised in public discussions but maintained that no substantial issue had been identified that justified halting or altering the reform timeline and emphasised that the process would continue as planned.

The President said his administration’s commitment to due process remained central to its approach and that enacted laws would be upheld. while working with the NASS to ensure that any issues identified would be resolved swiftly within the framework of the law, assuring Nigerians that the FG would continue to act in the public interest, with the aim of establishing a tax system that supports prosperity and shared responsibility across the country.

He restated that the remaining tax laws, commencing on January 1, 2026, alongside those that had already taken effect on June 26, 2025 collective implementation timeline remained unchanged.

He also said the reforms represented an opportunity to strengthen Nigeria’s fiscal framework saying his administration was focused on delivery and maintaining the integrity of the reform process.

He concluded by stressing that the FG would continue to act in the public interest, uphold enacted laws and support a tax system designed to promote fairness, competitiveness and shared responsibility.

Tags
ECONOMYFederal GovernmentTax Reform
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