By Muhammad Mamman
President Bola Ahmed Tinubu has declared that the Federal Government will proceed with the implementation of the newly approved tax laws from 1 January 2026, stressing that there will be no reversal or delay in the rollout.
Speaking through an official communication reported by Politics Nigeria, the President reaffirmed his administration’s commitment to overhauling Nigeria’s revenue framework to strengthen the economy and reduce reliance on borrowing.
Tinubu noted that the reforms are designed to broaden the tax net, improve compliance, and streamline the nation’s fiscal system. He added that the changes are part of a wider economic restructuring plan aimed at stabilising public finances and supporting long-term national growth.
“There is no going back on the new tax laws. Full implementation begins on 1 January 2026,” the President said, emphasising that adequate measures have been put in place to ensure a smooth transition.
The Federal Government had earlier announced that the revised tax laws would introduce adjustments across various sectors, alongside enhanced enforcement strategies.
Economic analysts and business leaders are expected to respond in the coming days as industries prepare for the new tax regime.
