President Bola Tinubu announced on Tuesday that the new tax laws, including those adopted on June 26, 2025, and the remaining acts set to go into effect on January 1, 2026, will be implemented as planned.
Tinubu said in a written statement that the reforms are “a once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation” for the country.
The President clarified that the new laws are not intended to increase taxes but to support a structural reset, drive harmonization, and protect dignity while strengthening the social contract.
He urged all stakeholders to support the implementation phase, which he said is now “firmly in the delivery stage,” adding that no substantial issue has been identified that warrants a disruption of the reform.
“Absolute trust is built over time through making the right decisions, not through premature, reactive measures,” the statement added.
Tinubu emphasized his administration’s commitment to due process and the integrity of established laws, promising to work with the National Assembly to quickly resolve any difficulties.
He promised Nigerians that the government will continue to work in the public’s best interests by ensuring a tax structure that encourages prosperity and shared responsibility.
A high-level meeting with Tinubu on Friday, December 26, 2025, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, confirmed that the final implementation phase—specifically covering the Nigeria Tax Act and the Nigeria Tax Administration Act—is firmly on schedule.
According to Oyedele, the decision to proceed is rooted in the “pro-people” nature of the laws, which strategically shift the tax burden away from the vulnerable.
The reforms promise a significant economic cushion, with the government projecting that nearly 98% of Nigerian workers and 97% of small businesses will be fully exempt from taxes or have their liabilities drastically reduced.
