Thursday January 1, 2026
www.thenewsdesk.ng
Nigeria’s President Bola Ahmed Tinubu yesterday assured Nigerians that the new tax regime being rolled out by his administration will lay the foundation for shared prosperity, sustainable growth and long-term economic stability.
In his New Year goodwill message to Nigerians, the President said: “The new year marks a critical phase in implementing our tax reforms, designed to build a fair, competitive, and robust fiscal foundation for Nigeria.
“By harmonising our tax system, we aim to raise revenue sustainably, address fiscal distortions and strengthen our capacity to finance infrastructure and social investments that will deliver shared prosperity.”
He reiterated that the reforms were not aimed at overburdening citizens but at harmonising the tax system, eliminating multiple taxation and raising revenue sustainably.
“I commend states that have aligned with the national tax harmonisation agenda by adopting harmonised tax laws to reduce the excessive burden of taxes, levies and fees on our people,” he said.
President Tinubu added that a streamlined tax system would strengthen the country’s capacity to finance infrastructure and social investments.
The new tax regime begins January 1, 2026.
He said the difficult reforms undertaken in 2025 were already yielding measurable gains, despite global economic headwinds.
The President expressed confidence that the benefits would increasingly be felt by ordinary citizens in the new year.
