The new tax laws, including those that took effect on 26 June, 2025, and the remaining acts scheduled to commence on 1 January, 2026, will continue as planned.
These reforms according to Bola Ahmed Tinubu, GCFR ,President, Commander-in-Chief of the Armed Forces,Federal Republic of Nigeria are a once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation for our country.
Tinubu said that the tax laws are not designed to raise taxes, but rather to support a structural reset, drive harmonisation, and protect dignity while strengthening the social contract.
Continuing he said “I urge all stakeholders to support the implementation phase, which is now firmly in the delivery stage.Our administration is aware of the public discourse surrounding alleged changes to some provisions of the recently enacted tax laws”.
He said no substantial issue has been established that warrants a disruption of the reform process. Absolute trust is built over time through making the right decisions, not through premature, reactive measures.
“I emphasise our administration’s unwavering commitment to due process and the integrity of enacted laws. The Presidency pledges to work with the National Assembly to ensure the swift resolution of any issue identified”.
“And assure all Nigerians that the Federal Government will continue to act in the overriding public interest to ensure a tax system that supports prosperity and shared responsibility”.
