Lagos, Dec. 22, 2025 – The federal government will start implementing the new tax laws from January 1, 2026
Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, said this on Monday while speaking on Channels Television.
He said this following the concerns raised by Nigerians on the possibility of implementing the laws by Jan. 1, 2026 due to the discrepancies found in the tax laws.
Oyedele said postponing the implementation date of the new tax laws could severely affect workers and businesses
“The implication of not implementing the new tax laws by January 1, 2026, is that the bottom 98 per cent of workers remain overtaxed.”
“Businesses will miss out on exemptions and will continue to pay multiple taxes, creating large burdens. Minimum taxes continue to apply on low and small unprofitable businesses, while hidden VAT keeps the prices of basic consumables like food, healthcare, and education high,” he said.
Oyedele said rather than suspending the date, the government would address the problems headlong.
“Even if it is established that there have been substantial alterations to what the National Assembly passed, my view is to identify those provisions, they are not part of the law, then implement the law as passed by the NASS while addressing the issues as to how they got there in the first place.”
The chairman of the presidential committee], said that some provisions would still require amendments.
“Even my committee and I have noted areas where we need to go back through Mr President to request amendments to those laws because of issues with referencing and definition,” he said.
