Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, formally presented the Nigeria Tax Reform Acts to President Bola Ahmed Tinubu at the State House in Lagos on Friday, December 26, 2025.
The presentation included a progress report on the implementation of the reforms and was witnessed by senior officials, including Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila; Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji; and Chairman of the National Tax Policy Implementation Committee, Joseph Tegbe.
Speaking to journalists after the meeting, Oyedele confirmed that the rollout of the two remaining core laws the Nigeria Tax Act and the Nigeria Tax Administration Act is proceeding as planned and will take effect from January 1, 2026.
He explained that the four tax reform bills, signed into law by President Tinubu in June 2025, are designed to simplify and harmonize Nigeria's tax system, reduce the tax burden on individuals and businesses, enhance voluntary compliance, and drive economic growth.
Key benefits include exemptions or reduced personal income tax for over 98% of workers and lower corporate tax rates for larger enterprises.
Oyedele also addressed recent public concerns about alleged modifications to the laws, noting that legislative reviews are welcome but affirming the administration's commitment to the agreed framework and timely implementation.
The two complementary laws establishing the Nigeria Revenue Service and the Joint Revenue Board have already been in operation since June 2025.
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