No Turning Back!” Tinubu Declares January 1, 2026 Takeoff Date For New Tax Laws

President Bola Tinubu has reaffirmed that the newly enacted tax laws will be implemented as scheduled from January 1, 2026, notwithstanding concerns raised by some stakeholders.....KINDLY READ THE FULL STORY HERE▶

In a statement issued on Tuesday, the President clarified that the reforms are not aimed at increasing taxes but at promoting harmonisation and structural efficiency within the country’s fiscal framework.

Tinubu acknowledged the ongoing public debate surrounding the laws but stressed that no compelling issue has been identified that would justify halting or delaying their implementation. He assured Nigerians that due process would be strictly followed and that the government would continue to engage relevant stakeholders, including the National Assembly, to address any concerns.

According to the President, the tax reforms—some of which took effect on June 26, 2025, with others set to commence on January 1, 2026—represent a rare opportunity to establish a fair, competitive, and resilient fiscal system.

He explained that the objective of the new laws is to reset existing structures, align tax policies, safeguard citizens’ dignity, and strengthen the social contract, rather than impose additional tax burdens.

Tinubu urged stakeholders to support the implementation phase, noting that the reforms have now moved into a critical delivery stage. He also dismissed calls for abrupt changes, stating that trust is built through consistent and well-considered decisions, not reactive actions.

Reiterating his administration’s commitment to transparency and the rule of law, the President pledged continued collaboration with the National Assembly to promptly resolve any issues that may arise.

He concluded by assuring Nigerians that the Federal Government would always act in the broader public interest to ensure a tax system that fosters shared responsibility and sustainable prosperity.