Business
No Grounds To Suspend Tax Reforms, Laws Begin In January- Tinubu
will proceed as planned
The presidency has pushed back against contrary claims concerning the newly enacted tax laws, insisting that no substantial issue has been identified that would justify suspending or disrupting the reform process.
In a statement on Tuesday, President Bola Ahmed Tinubu said the tax laws that took effect on June 26, 2025, alongside those scheduled to commence on January 1, 2026, will proceed as planned, describing the reforms as central to the administration’s long-term fiscal vision.
“These reforms are a once-in-a-generation opportunity to build a fair, competitive, and robust fiscal foundation for our country,” the president said.
Tinubu stressed that the new tax framework is not designed to raise taxes but to achieve a broader structural reset of the system.
According to him, the reforms are aimed at harmonisation, protecting dignity and strengthening the social contract between the government and citizens.
“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,” he said.
The president acknowledged the public discourse surrounding alleged changes to some provisions of the laws but maintained that the concerns raised so far do not merit a halt in implementation.
He further cautioned against what he described as reactive decisions that could undermine policy credibility.
“Absolute trust is built over time through making the right decisions, not through premature, reactive measures,” Tinubu said, adding that the reforms have now entered the delivery stage.
The nation’s leader urged stakeholders across sectors to support the implementation process, noting that consistency and follow-through are essential to achieving the intended outcomes of the reforms.
Tinubu also reaffirmed his administration’s commitment to due process and the integrity of laws that have been duly enacted, pledging continued engagement with the national assembly to address any issues that may arise.
“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,” he said.
