Nigerians to get fair treatment as new tax policy commences in 2026
Omeiza Bilal
Nigerians will not be shortchanged in the rollout of the new tax policy set to take effect on January 1, 2026, the Chairman of the National Tax Policy Implementation Committee, Mr. Joseph Tegbe, has assured.
He emphasised that the committee is committed to implementing the policy without causing any disruptions or harm to the economy.
The committee was formally inaugurated Friday in Abuja by the Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun.
Special Adviser to the President on Finance and the Economy, Mrs. Sanyade Okoli, was appointed Secretary to the committee.
The inauguration marks a significant step in rolling out reforms aimed at creating a modern, efficient, and fair tax system to support Nigeria’s economic growth and stability.
Speaking to reporters after the inauguration, Mr. Tegbe acknowledged these anxieties and pledged the committee will address them.
Tegbe said: “The task ahead is enormous and crucial for national progress. These laws redefine tax administration, harmonize federal and state interpretations, and aim to ease doing business. We reassure Nigerians and investors that the implementation will be fair, transparent, and human-centered.”
He further assured that the new systems would respect legitimate taxpayer expectations, reduce uncertainties, and protect vulnerable groups.
The committee plans to engage widely with stakeholders—including businesses, sub-national governments, civil society, and professional bodies—to ensure inclusive consultation and ownership of the implementation process.
Allaying the fears of Nigerians about government interference with citizens’ banks, Tegbe said, “The government has no intention of irresponsibly encroaching on personal bank accounts. Nigerians are neither under probe nor investigation.”
On the contentious Capital Gains Tax (CGT), Tegbe further said, “We recognize concerns around CGT. As we implement, we are learning and refining. The CGT controversy even unsettled the stock market, requiring ministerial intervention to stabilize it. In the coming days, some provisions may be reconsidered to address legitimate concerns. While the policy starts January 1, adjustments may still be made where necessary.”
