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New Tax Laws to Take Effect January 1, 2026 – Tinubu

Stanley Uhegbu by Stanley Uhegbu
December 30, 2025
in News
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PRESIDENT TINUBU ASSENTS TO NIGERIAN INSURANCE INDUSTRY REFORM BILL 2025 TO DRIVE FINANCIAL SECTOR TRANSFORMATION

Credit: Bayo Onanuga via Facebook

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The Federal Government has confirmed that the new tax laws, including those enacted on June 26, 2025, and the remaining acts scheduled to commence on January 1, 2026, will proceed as planned.

In a statement issued from the Statehouse, President Bola Ahmed Tinubu described the reforms as a “once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation” for Nigeria. He emphasized that the tax laws are not intended to increase taxes but to support structural reforms, promote harmonization, and strengthen the social contract while protecting citizens’ dignity.

The President urged all stakeholders to support the implementation phase, which is now firmly in the delivery stage. Addressing public concerns over alleged changes to some provisions of the recently enacted tax laws, he noted that “no substantial issue has been established that warrants a disruption of the reform process.”

President Tinubu assured Nigerians of the administration’s commitment to due process and the integrity of enacted laws, pledging to work with the National Assembly to swiftly resolve any issues that may arise.

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

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