By Patrick Idowu
The Federal Government has reaffirmed that implementation of the new tax reform laws will commence on January 1, 2026, insisting that the reforms are designed to drive economic growth, inclusivity and shared prosperity.
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, disclosed this on Friday in Lagos after briefing President Bola Tinubu on the progress of implementation.
He was accompanied by the Chairman of the Federal Inland Revenue Service (FIRS), Zacchaeus Adedeji, and the Chairman of the National Tax Policy Implementation Committee, Joseph Tegbe.
Addressing journalists, Oyedele declared two of the four tax reform laws, the Nigerian Revenue Service Establishment Act and the Joint Revenue Service Establishment Act had already taken effect in June 2025.
He added that the remaining two, the Nigerian Tax Act and the Nigerian Tax Administration Act are scheduled to commence on January 1, 2026.
Oyedele declared the government would continue to work with the National Assembly, noting that the planned commencement date would not modify.
According to him, the reforms are meant to provide relief to Nigerians rather than generate immediate revenue.
He explained that the tax bills spent nine months at the National Assembly, while preparations, including capacity building, system upgrades and sensitisation, have continued since their passage.
“The goal is not to raise tax rates but to grow the economy, widen the tax base and improve compliance,” Oyedele declared, adding that the reforms would enhance fairness and strengthen tax culture over time.
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