President Bola Tinubu has urged Nigerians not to be apprehensive about the new tax regime scheduled to take effect in 2026, assuring them that the policy will bring relief to the poor, low-income earners and small businesses.
The President gave the assurance on Tuesday at the 8th Annual Senator Abiola Ajimobi Roundtable and the 76th Posthumous Birthday Lecture of the late former Governor of Oyo State, held at the University of Ibadan.
Tinubu’s message was delivered by the Executive Chairman of the Federal Inland Revenue Service, Zaccheus Adedeji, who commended the late governor for the reforms he initiated during his tenure.
Tinubu said recent economic reforms undertaken by his administration were necessary to revitalise the economy, adding that early indicators showed positive outcomes.
The President said Nigerians would begin to feel the impact of the reforms more strongly in the coming year, particularly through the new tax laws.
