Tinubu insists on January 1 implementation of new tax laws

President Bola Ahmed Tinubu has insisted that the implementation of the new tax laws will commence on January 1 as scheduled.

The tax reform laws have attracted widespread opposition, with many Nigerians, including opposition figures, calling on the President to suspend the January implementation date.

The House of Representatives had also constituted a committee to examine allegations of alterations to the tax laws.

However, in a statement issued on Tuesday and personally signed by the President, Tinubu said the executive arm of government remains ready to work with the National Assembly where necessary, but stressed that the implementation would proceed as planned.

The President 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.”

President Tinubu called on all stakeholders to support the implementation phase, “which is now firmly in the delivery stage.”

He said his administration was 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.

“I emphasise our 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.”