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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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Game selection is decent honestly. They’ve got games from Pragmatic Play, Betsoft, plus Big Time Gaming — so like Book of Dead, Gonzo’s Quest, all the popular ones. Probably close to a couple thousand titles including table games. Live casino is powered by Evolution which is smooth — played some baccarat and Crazy Time with real dealers and it worked great.
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Game selection is honestly pretty solid. There’s games from Pragmatic Play, NetEnt, plus Play’n GO — so like Book of Dead, Gonzo’s Quest, the usual heavy hitters. Probably close to 2000 games when you add it all up. Live casino runs on Evolution and it’s smooth — played some roulette and Lightning Roulette with actual croupiers and zero lag issues.
Tbh the thing that annoyed me a little was how long cashouts take. I used Bitcoin and waited about 48 hours for my first withdrawal. Once you’re verified though it was faster. You can use credit cards, Skrill, Neteller, and crypto which covers pretty much everything you’d want. You can look at the full bonus details on CrayBet if you’re interested.
Using Craybet on my phone is actually smooth. No dedicated app though the browser version is responsive and slots and live games work without issues. Was playing Book of Dead on the bus and no lag or glitches.
Customer service on Craybet is decent — there’s a chat widget and someone actually responds pretty quick when I’ve used it. Had to ask about a pending withdrawal and it was resolved same day. Licensing is operating under a Curacao license and that’s typical of platforms like this. Not everything is amazing — wish they had more payment options — but as a daily player it does the job for me.
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Game selection is decent honestly. They’ve got titles from Pragmatic Play, Betsoft, plus Microgaming — meaning Gates of Olympus, Gonzo’s Quest, that kind of thing. Somewhere around a couple thousand titles including table games. The live dealer section is powered by Evolution which is legit — tried baccarat and Crazy Time with real dealers and it worked great.
One thing that kinda bugged me was how long cashouts take. I used Visa and waited about 48 hours for my first withdrawal. Second time around it was faster. They accept credit cards, e-wallets like Skrill and Neteller, Bitcoin so that covers most bases. I’d look at what they’ve got going on on [url=https://svnewtech.com]Craybet review[/url] before you sign up.
Mobile experience on Craybet on my phone is actually smooth. No dedicated app but the web app is responsive and everything works fine. Played a few sessions in bed and didn’t notice any performance issues.
Support at Craybet is decent — they have live chat and someone actually responds in under five minutes when I’ve used it. I contacted them about a bonus that didn’t credit and got it fixed same day. Licensing is operating under a Curacao license and that’s standard for US-friendly sites. Wouldn’t say it’s perfect — wish they had more payment options — but overall I’m still using it.
So I’ve been using Craybet for like a couple months and wanted to share some thoughts because there’s not much discussion about this place on here. Registered randomly one night and signing up literally took 90 seconds. Min deposit was $10 and that’s about what you’d expect. Got a welcome bonus — 100% up to $500 plus fifty free spins on Sweet Bonanza. Rollover is 35x and that is kinda average but not the worst I’ve seen.
The game library is honestly pretty solid. You’ll find stuff from Pragmatic Play, Evolution, and Microgaming — meaning Book of Dead, Gonzo’s Quest, the usual heavy hitters. I’d guess maybe 2000 games total if you count everything. Live dealer stuff uses Evolution which is quality — played some baccarat and Crazy Time with real dealers and it worked great.
Tbh the thing I wasn’t thrilled about was how long cashouts take. Withdrew via Skrill and it took almost two days for my first withdrawal. After that though it was faster. They accept Visa, Mastercard, Skrill, Neteller, and crypto which is most bases. I’d look at the full bonus details over at [url=https://svnewtech.com]Craybet slots[/url] to see for yourself.
Using Craybet on mobile is actually smooth. I didn’t find a native app but the web app is responsive and slots and live games work fine. Was playing a few sessions in bed and no performance issues.
Customer service on Craybet is okay — they have live chat that gets you a person within a few minutes when I’ve used it. I contacted them about my verification docs and it was resolved pretty quickly. Not sure about Curacao-based from what I can tell and that’s typical of platforms like this. Wouldn’t say it’s perfect — wish they had more payment options — but overall it does the job for me.