President Bola Tinubu has insisted that the new tax laws will take effect on January 1, 2026, as planned. This was disclosed in a statement that he personally signed on Tuesday and issued by the State House.
This came as former Vice President Atiku Abubakar and the Peoples Democratic Party slammed the President, describing the move as hasty and insensitive amid ongoing controversies surrounding the alleged alterations to the legislation.
Tinubu said, “The new tax laws, including those that took effect on June 26, 2025, and the remaining Acts scheduled to commence on January 1, 2026, will continue as planned. These reforms are a once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation for our country.
“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. 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. 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.”
The President went on to emphasise his 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. I 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,” he asserted.
