No Going Back on January 1 Tax Law Commencement — Tinubu

President Bola Tinubu has reiterated that the implementation of Nigeria’s new tax laws will begin as scheduled on January 1, 2026, insisting there will be no reversal of the decision.

In a statement he personally signed on Tuesday, the President said the tax reforms, including those enacted in June 2025, represent a “once-in-a-generation opportunity” to establish a fair, competitive, and resilient fiscal framework for the country.

Tinubu clarified that the new laws are not designed to increase taxes but to reset the tax system, enhance harmonisation, protect citizens’ dignity, and strengthen the social contract. He urged stakeholders to support the implementation phase, noting that the reforms are firmly at the delivery stage and that no major issue has arisen to justify any disruption.

The President reaffirmed his administration’s commitment to due process and respect for enacted laws, pledging continued collaboration with the National Assembly to promptly address any concerns in the public interest.

He also assured Nigerians that the reforms are pro-people, with government projections indicating that about 98 per cent of workers and 97 per cent of small businesses will be exempt from taxes or enjoy significant reductions, as the tax burden is shifted away from vulnerable groups.