Tinubu Discusses New Tax Laws and Economic Reform

On April 14, 2026, President Bola Tinubu spoke at the Nigerian Revenue Service headquarters in Abuja, highlighting the significant differences between the old colonial-era tax laws and the newly implemented tax reforms. He stated that the new tax system, which became fully operational in January, aims to liberate the economy from the constraints of outdated laws and enhance Nigeria's global competitiveness.

Tinubu emphasized the importance of a people-centered, investment-friendly tax system designed to advance national development goals. He acknowledged the contributions of the Executive Chairman of the Nigerian Revenue Service, Dr. Zacch Adedeji, and other officials present, including Senate President Godswill Akpabio and House Speaker Tajudeen Abba.

Tinubu expressed confidence that the reforms would restore financial stability and build public trust in the tax system, which he described as essential for a serious nation to achieve prosperity. He urged the Nigerian people to remain patient as the administration works on these economic reforms.