President Bola Ahmed Tinubu has assured Nigerians that the newly implemented tax laws will lay the foundation for shared prosperity and sustainable economic growth. In his 2026 New Year message, the President emphasised that the reforms are designed to create a fair, competitive, and robust fiscal system, while reducing the excessive tax burden on citizens.

According to the President, the tax reforms will strengthen the government’s capacity to finance infrastructure and social investments, ensuring that the benefits of economic growth reach every Nigerian household.

The Senate has expressed support for the implementation of the new tax laws, which took effect from January 1, 2026, despite calls from some quarters for a delay. Tinubu described 2026 as a new phase of economic growth and stability, with tax reform as a critical pillar in consolidating the gains of 2025.

The President’s message highlighted that the reforms are part of a broader agenda to modernise Nigeria’s fiscal system, increase revenue sustainably, and promote inclusive development across all regions of the country.