The Federal Government has reaffirmed that Nigeria’s new tax reform laws will commence as scheduled on January 1, 2026, dismissing widespread speculations about any suspension, postponement, or reversal of the programme.
In a statement issued on Wednesday, December 31, 2025, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, clarified that the four tax reform bills signed into law by President Bola Tinubu in October 2025 remain fully in force.
Edun emphasised that provisions already effective since June 26, 2025—including certain administrative and procedural changes—will continue seamlessly into the new year, with no interruptions.
“The tax reform laws are designed to streamline Nigeria’s fiscal system, eliminate multiple taxation, improve ease of doing business, and boost revenue for national development,” the minister said. “There is no plan to suspend or reverse these reforms. Implementation will proceed as legislated.”
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The clarification follows recent concerns raised in the National Assembly and public discourse, including allegations of discrepancies between passed and published versions of the laws, as well as calls from some stakeholders for review due to perceived burdens on low-income earners and small businesses.
Key components set for full activation on January 1 include the Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service (Establishment) Act, and Joint Revenue Board (Establishment) Act.
Government officials maintain that the reforms will ultimately reduce compliance costs, widen the tax net fairly, and exempt minimum wage earners and SMEs from certain obligations.
Business groups and tax experts have welcomed the FG’s firm stance, noting that certainty is crucial for economic planning in 2026.
This is a developing story.
By Ogungbayi Beedee Adeyemi
Send tips to: adeyemi@ddnewsonline.com | 08168555497
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