New Tax Laws to Take Effect January 1, 2026 — Tinubu Assures Nigerians

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President Bola Ahmed Tinubu has reaffirmed that the newly enacted tax laws will commence as scheduled on January 1, 2026, describing the reforms as a critical step toward building a stronger and more equitable fiscal system for Nigeria.

In a State House press statement, the President clarified that all tax legislations, including those that came into force on June 26, 2025, and others slated for implementation in the new year, will proceed without alteration.

According to the President, the reforms represent a “once-in-a-generation opportunity” to reposition Nigeria’s tax system for fairness, competitiveness, and long-term sustainability.
“The tax laws are not designed to raise taxes,” Tinubu stated. “Rather, they aim to support a structural reset, promote harmonisation, protect dignity, and strengthen the social contract between government and citizens.”

Addressing concerns and public debate surrounding some provisions of the laws, the President noted that no substantial issues have been identified to justify halting or reversing the reform process. He stressed that meaningful reforms require consistency and careful implementation, not rushed or reactionary decisions.

“Absolute trust is built over time through making the right decisions, not through premature, reactive measures,” he said.
President Tinubu also reaffirmed his administration’s commitment to due process and the rule of law, assuring Nigerians that the Federal Government would continue to work closely with the National Assembly to resolve any issues that may arise during implementation.

He emphasized that the ultimate goal of the reforms is to create a tax system that supports economic growth, shared responsibility, and national prosperity.

“The Federal Government will continue to act in the overriding public interest to ensure a tax system that supports prosperity and shared responsibility,” the statement concluded.

The new tax regime forms part of the administration’s broader economic reform agenda aimed at strengthening revenue generation, improving efficiency, and ensuring sustainable development across the country.