President Bola Tinubu
ABUJA, Nigeria – President Bola Tinubu reaffirms that Nigeria’s newly enacted tax reform laws will take effect on January 1, 2026, insisting that there is no justification for delaying their implementation.
In a statement issued on Tuesday, the President describes the reforms as a historic effort to address deep-seated structural weaknesses in the country’s fiscal system. “There is no substantial reason to suspend or postpone the commencement of the tax reform laws,” Tinubu says, stressing that the January 1, 2026, timeline remains “sacrosanct.”
According to him, the reforms are designed to promote fairness, transparency and economic competitiveness, rather than impose additional burdens on citizens.
Tinubu says the new tax framework represents a “once-in-a-generation opportunity” to strengthen revenue administration, widen the tax net and build a sustainable fiscal foundation without increasing tax rates.
The President’s remarks come amid calls from some stakeholders for a delay, citing concerns about readiness and possible economic impact. However, Tinubu maintains that the government remains fully committed to the timeline as part of its broader economic reform agenda.
He adds that effective implementation of the reforms will support national development and improve public finance management across all levels of government.
