Victor EzejaAhead of the January 2026 commencement of the implementation of the new tax laws signed recently, the Nigerian government has developed a Personal Income Tax Calculator.
The Personal Income Tax Calculator is to enable people to know their tax under the new laws against what they currently pay.
Join our WhatsApp ChannelIn a post on his official X handle, Nigeria’s President Bola Tinubu reiterated the importance of the tax reforms, stressing that it is not meant to impoverish Nigerians, especially the vulnerable.
“A fair tax system must never punish poverty or weigh down the most vulnerable. With the new tax laws I recently signed, taking effect from January 2026, we have lifted this burden and created a path of equity, fairness, and true redistribution in our economy,” Tinubu stated via his X handle on Thursday, 21 August.
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The president reassured that the tax reforms “protect low-income earners, ensure progressivity, and simplify compliance in order to deliver a transparent system that works for all.”
In a video message, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Dr Taiwo Oyedele, reassured that the majority of Nigerians (more than 97 per cent) will pay less taxes, adding that only the top 2-3 per cent will pay slightly more.
