Tinubu Government to Begin New Tax Policies for Nigerians In January 2026

The President Bola Tinubu-led Nigerian government has announced that it will commence the implementation of four new tax laws, dubbed the “Tax Acts quartet”, in January 2026, a move it claims will expand the country’s revenue base while reducing the burden of taxation on citizens. 

The Minister of Information and National Orientation, Mohammed Idris, disclosed this during a press conference in Abuja on Monday to mark Nigeria’s 65th Independence anniversary.

According to Idris, the reforms are part of President Bola Tinubu’s “Renewed Hope Agenda,” which the administration insists is repositioning Nigeria’s struggling economy through subsidy removal, diversification of revenue, and large-scale infrastructure projects. 

The statement reads: “As we mark this 65th year since our Independence from Great Britain, we are all witnesses to the remark- able reforms taking shape at a pace never before seen. President Bola Ahmed Tinubu is doing the needful; a committed, courageous and visionary leader dismantling stub- born cogs in the wheel of our national progress. 

“Under the Renewed Hope Agenda, and its Eight (8) Priority Areas, President Tinubu is laying the building blocks for a national renewal anchored on prosperity, peace and unity. At this point in time, our collective participation in nation building is critical to the sustenance of the progress being made. 

“That is why the theme of this 65th Anniversary is “All Hands on Deck” — a direct and heartfelt call to all Nigerians and our friends and partners around the world to show understanding and to commit to supporting these landmark reforms. 

“Our trade surplus continues to grow, with an increasing share of contributions from the non-oil sector. Declining inflation, a strengthening currency, falling food prices, growing external reserves — all of these are more eloquent testament that we are on the right track. 

“From January 2026, we will commence implementation of the Tax Acts quartet, which will expand our nation’s revenue base while simultaneously simplifying tax collection and lessening the burden on our people. These new tax laws represent a huge leap forward for the Nigerian economy and for business, entrepreneurship and investment. 

“With more revenue at its disposal, on account of the reforms, the Tinubu administration is investing heavily in the key components that will catalyse our collective growth and development: health, education, infrastructure, agriculture, energy security, regional and grassroot development, small business, youth, and national security. 

“As we speak, more than 500,000 students of tertiary institutions – universities, polytechnics, and colleges of education, are already benefiting from the National Education Loan Fund (NELFUND), in which tuition and upkeep fees are paid for by the Federal Government. This is unprecedented in our history.