FG Promises Stakeholder Engagement on 2026 Tax Reforms to Ensure Fair, Transparent System
The Federal Government has assured that the upcoming Nigeria 2026 tax reforms will be implemented through open and continuous consultation with key stakeholders across sectors. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the assurance at the South East Finance and SMEs Growth Roundtable, held as part of the Government-Private Sector Dialogue Series. He emphasised that dialogue and collaboration are essential to ensure the reforms reflect the realities of businesses and strengthen the economy.
Edun revealed that the new Tax Acts have been finalised and are scheduled to take effect from January 1, 2026. He explained that the laws were developed through collective efforts involving the executive, legislature, judiciary, and private sector representatives. According to him, the government is determined to build a more transparent and efficient fiscal framework that promotes fairness, accountability, and growth.
Highlighting recent economic progress, Edun said that ongoing reforms have already stabilised the foreign exchange and petroleum pricing markets, creating a more level playing field for businesses. He noted that the new tax framework aims to widen the tax net, reduce multiple taxation, and simplify processes. “The aim is to make the system fairer, clearer, and more efficient,” he said.
The minister also disclosed plans to launch the National Single Window Project in the first quarter of 2026. The initiative, powered by automation, digitisation, and artificial intelligence, will improve trade facilitation and enhance efficiency across import and export processes. Edun added that the government remains committed to ongoing dialogue, saying, “There have been participants here who want to see this effort sustained, continued, and even built upon.”
Supporting the finance minister, Minister of State for Finance, Dr. Doris Uzoka-Anite, described President Bola Tinubu as Nigeria’s most business-friendly leader in recent history. She said the administration’s Renewed Hope Agenda is focused on stimulating private-sector-led growth through better access to finance, improved infrastructure, and consistent engagement with entrepreneurs. Uzoka-Anite added that the government will continue to strengthen collaboration with the private sector to remove barriers to enterprise development and sustain inclusive economic progress.
source: punch