President Bola Tinubu has declared 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 continue as planned.
In a statement Tuesday, the President noted that 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,” he said.
President Tinubu added: “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 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,” President Tinubu stated.
Alimosho Local Government will be the center of attention for Ndigbo in Lagos as the…
The Abuja Investment Company Limited (AICL) has reinforced its commitment to youth entrepreneurship and innovation…
Guinness Nigeria Plc has announced its unaudited financial results for the quarter ended 30 June…
The political crisis brewing within the Accord Party in Osun State deepened on Tuesday as…
Guaranty Trust Holding Company Plc, GTCO, has announced full plans for its 16th Annual Autism…
For every young footballer who laces up a pair of boots in search of a…