President Bola Tinubu has said that 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 be implemented as planned.
This came as the People’s Democratic Party, PDP, renewed its call for suspension of commencement date of the new Tax Act, citing discrepancies between the harmonized version passed by the National Assembly and the version later gazette, which it said have raised serious public concern nationwide.
The President said all the concerns raised have been noted but added that no substantial issue has been established that should warrant a disruption of the reform process.
“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 harmonization, and protect dignity while strengthening the social contract.
“I urge all stakeholders to support the implementation phase, which is now firmly in the delivery stage.
“Our administration is 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 emphasize 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.”
Vanguard/Bolanle Mustapha
