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Nigeria: the new tax law will come into force in 2026

11/09/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Finance Minister Wale Edun announced on Tuesday September 9, 2025 that the new Nigerian tax law will come into force on January 1 2026.

New Nigerian tax law includes a surtax controversial by 5% on fuels. The government's decision is aimed at allaying concerns about the rising cost of living in a context of widespread economic difficulties. According to the minister, the implementation of Instead of this surcharge, which concerns gasoline, diesel and others fossil fuels, required an official government declaration as well as an order signed by the Minister of Finance, published in the Journal national official, before any application.

The fuel surcharge, enshrined in the New Nigerian tax law, adopted in June, aims to harmonize rules taxation and to increase revenue as part of a comprehensive reform of public finances.

While public opinion is worried about a New price increase, the chairman of the presidential policy committee fiscal and fiscal reforms, Taiwo Oyedele, recalled that it is not about an unprecedented tax, but a provision provided for in the law since 2007 amended on the Federal Road Maintenance Agency (FERMA).

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