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2026: Tax law rollout begins as economist explains what Nigerians should
Nigeria on Thursday, January 1, 2026, commenced the implementation of its much-anticipated new tax laws and fiscal reforms amid widespread public anxiety.
President Bola Ahmed Tinubu had on Tuesday reaffirmed that the new tax regime signed into law in June 2025 would take effect on January 1, despite repeated calls from various quarters for a suspension to allow for further review.
Among those who had urged the Federal Government to pause the implementation were the Nigeria Labour Congress (NLC), the Minority Caucus of the House of Representatives, former Senate Leader, Ali Ndume, human rights lawyer, Femi Falana (SAN), former Minister of Education Oby Ezekwesili, Bauchi State Governor, Bala Mohammed, and several opposition parties.
The controversy surrounding the tax reforms intensified after a lawmaker, Abdulsamman Dasuki, raised concerns over alleged alterations to the gazetted version of the tax law. Following the outcry, the leadership of the National Assembly ordered that the laws be re-gazetted to address the concerns.
Defending the reforms, President Tinubu assured Nigerians that the new tax laws would not impose additional burdens on citizens.
His position was echoed by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, who maintained that the implementation was necessary to reposition the country’s revenue framework.
Further clearing the path for the rollout, Justice Bello Kawu of the Federal Capital Territory High Court dismissed a suit seeking to halt the implementation of the tax laws.
Despite these assurances, concerns over the possible effects of the reforms on individual incomes, prices, businesses, and corporate operations have continued to fuel public unease.
In a recent interview, a university don, economist, and accountant, Prof. Godwin Oyedokun, urged Nigerians to move beyond fear and misinformation, stressing that the reforms require “calm understanding rather than panic.
He explained that the objective of the new tax laws is not to punish taxpayers but to strengthen government revenue in a sustainable manner.
“The objective of the new tax laws is not to make life harder for Nigerians.
“It is to improve revenue efficiency, block leakages, and reduce the country’s dangerous dependence on oil income,” he said.
According to Oyedokun, Nigeria’s tax-to-GDP ratio remains among the lowest globally, limiting government capacity to fund infrastructure, healthcare, education, and security without excessive borrowing.
“What the government is trying to do is to broaden the tax base, not necessarily to raise tax rates across the board,” he noted.
Impact on Low-Income Earners
Addressing fears that the reforms could worsen hardship, Oyedokun said most low-income earners are unlikely to be directly affected.
“Personal income tax thresholds and exemptions are still in place to protect the most vulnerable Nigerians,” he explained.
“The greater responsibility is expected to fall on higher-income earners, large corporations, and sectors that have historically operated with weak compliance,” he added.
However, he cautioned that indirect effects could still emerge.
“There is a real risk that some businesses may pass compliance costs to consumers through higher prices, especially in an inflationary environment.
“But this depends largely on how the laws are enforced and how competitive the markets are,” he said.
What Businesses Should Expect
For businesses, the economist acknowledged that the reforms may initially feel demanding.
“Stronger reporting requirements and tighter enforcement will increase compliance costs in the short term,” he said.
“However, these measures are meant to ensure fairness so that companies that pay their taxes are not disadvantaged while others evade the system,” he noted.
He added that effective implementation could eventually benefit the private sector.
“A transparent and predictable tax system can support business growth through better infrastructure, improved public services, and reduced policy uncertainty,” Oyedokun said.
Call for Caution and Accountability
Oyedokun advised Nigerians to stay informed and actively engaged as the new laws take effect.
“Nigerians should approach these reforms with informed caution, not panic,” he said. “Public education, dialogue, and engagement with tax authorities are essential.”
He also stressed the responsibility of the government to deliver accountability.
“Taxes must translate into visible public value.
“Without service delivery and transparency, even the best-designed tax laws will face resistance,” he warned.
According to him, the success of the new tax regime will ultimately depend on trust, effective communication, and responsible governance.
“There may be short-term discomfort, but widespread harm is not inevitable.
“If implemented fairly and with sensitivity to current economic realities, these reforms can benefit Nigeria in the long run,” Oyedokun concluded.
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قسم الـlive أحسن حاجة عندهم — إيفوليوشن مشغلاه، ناس حقيقية قدامك والصورة نضيفة حتى على النت المصري. Crazy Time تحديدًا إدمان بصراحة، وفيه ديلرز بيتكلموا عربي وده مريح. على فكرة في البونص فهو مضاعفة أول شحن مع 150 سبين بتتوزع على أيام، والـwagering 35x وأنا شايفه عادل نسبيًا. شوف الشروط بالظبط من [url=https://burlimunter.ch]تنزيل 888starz[/url] قبل ما تودع أي حاجة لأن الأرقام بتتبدل كل فترة.
التسجيل كان سريع، وأقل إيداع بسيط — من 1 دولار تقريبًا. الإيداع والسحب متاح بـ فيزا وماستركارد، Skrill وNeteller، وكريبتو وأنا بفضلها صراحة. آخر سحب وصل في ساعتين بالـبيتكوين، بس بالفيزا بياخد وقت أطول.
بخصوص الأندرويد شغال تمام — تنزيل التطبيق بيتم من موقعهم مباشرة وده طبيعي في مواقع الرهان. 888starz تحديث بينزل تلقائي وده مريح. الدعم شات مباشر 24 ساعة بس ساعات بيردوا بإنجليزي الأول. الرخصة من كوراساو وده مش أفضل ترخيص في الدنيا بس مقبول، يعني خليك واعي وحط ليمت لنفسك.
So — been on this thing for maybe six months now and it’s basically bookmarked at this point, so figured I’d say something since a mate asked me last week. I’m UK based, generally bet football and racing, a fiver here and there, for context.
What got me on it was actually embarrassing — I could never work out what an each way payout actually came to with 1/5 odds a place. Basically I’d guess and then be surprised. These days I punch the numbers in before every slip, even a simple single bet.
Their single bet calculator is the bit I’m on daily — type in the price and your stake and it spits out the return with no faffing, fractional or decimal, doesn’t matter. Same tool covers the bigger stuff — acca and treble maths, a lucky 15, patents and yankees, which is where I always mess it up. If you want a look, it’s here [url=https://free-bet-calc.uk/bet-calculator/each-way]calculate each way bet[/url] — free, no signup.
One thing that actually shifted things for me were the nerdier extras. They’ve got an implied probability converter and it makes obvious what margin’s baked in, plus a kelly calculator — I use half kelly as the full version is terrifying. The dutching one gets used a fair bit when I’m splitting a race.
Not all sunshine though. The design feels pretty plain — no flash, looks like it was built by someone who cares more about maths than colours. On my phone it’s fine although the acca grid are a squeeze. Also there’s no app, just the site — doesn’t bother me just flagging it.
Anyway. Costs nowt, barely any ads, does the job. If you honestly works out returns on a calculator app, give it a go — saved me a fair few dumb bets I’d have regretted.
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OK — have been messing about with this thing for something like six months now and I keep coming back, reckon I’d say something since a mate asked me the other day. Am based in the UK, mainly bet football and racing, small stakes, for context.
How I found it was genuinely a bit daft — I couldn’t ever get my head round what an each way return actually came to when the place terms changed. I used to just wing it and get a shock. Now I type the odds in before I place anything, even a straight one-selection punt.
Their single bet calculator tool is the part I use most — you put in stake and odds and you get returns instantly, either odds format. It also handles the bigger stuff — trebles returns, lucky 15s, a yankee, and that’s where I’d always mess it up. If you want a look, it lives at [url=https://freebet-calculator.com/bet-calculator/lucky-15]free lucky 15 bet calculator[/url] — free, no signup.
One thing that genuinely made a difference is the nerdier extras. There’s an probability calculator that shows what margin’s baked in, plus a kelly staking calculator — I stick to fractional kelly since full stakes are far too aggressive. Dutching calculator is decent for when I’m spreading across selections.
Not all sunshine though. Its layout is a bit basic — zero polish, which honestly I don’t mind but some will. On my phone it’s usable although the bigger tables need a bit of scrolling. There’s no app, it’s a website and that’s it — slight shame but you asked.
Right, that’s me. Costs nowt, barely any ads, does what it says. If you even now works out returns on a calculator app, try it — it’s saved me a fair few dumb bets I’d have regretted.
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