Tinubu's Bold Tax Reform: 95% of Nigerians Set to Pay Zero Tax Under New System
In a groundbreaking move that's about to reshape Nigeria's economic landscape, President Bola Tinubu's administration is rolling out a revolutionary tax reform that will exempt 95% of Nigerians from paying taxes. This isn't just policy change, it's a complete game-changer for the common man.
Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), dropped this major announcement in Ilorin, Kwara State, after being honored by the University of Ilorin Alumni Association. The message is crystal clear: Nigeria is finally putting its people first.
The Rich Must Pay Their Fair Share
Speaking through Prof. Abiola Sanni (SAN), Dr. Adedeji delivered a powerful message that resonates with every hardworking Nigerian: "Under the new emerging tax system, 95 per cent of Nigerians will pay no tax. Whether you like it or not those whom God has blessed and those benefiting from the economy but have not been paying their own fair share of the tax burden will be now be made to do so."
This reform targets "those at the top of the pyramid," ensuring that Nigeria's wealthiest citizens finally contribute their fair share to national development. It's about time the burden shifted from struggling families to those who can actually afford it.
A New Era Begins January 2026
The transformation goes beyond just tax rates. FIRS itself will undergo a complete rebrand starting January 2026, signaling Nigeria's commitment to a new approach to revenue generation. This isn't just reform, it's revolution.
Prof. Sanni emphasized that these changes represent the most far-reaching and business-oriented tax reforms Nigeria has ever seen. Unlike previous systems that squeezed informal sector workers and salaried employees, this new model protects the masses while ensuring the wealthy pay up.
Smart, Fair, and Business-Friendly
Here's what makes this reform brilliant: while some countries tax top earners at 50%, Nigeria's reformed system caps it at about 25% after deductions. It's aggressive enough to generate serious revenue for infrastructure, education, and public services, but smart enough to keep Nigeria competitive.
The revenue generated will fuel the development projects Nigeria desperately needs. Better roads, improved schools, enhanced healthcare, all funded by those who've been getting a free ride for too long.
What This Means for You
If you're among the 95% of Nigerians earning modest incomes, this reform is your victory. No more worrying about tax burdens while you're just trying to make ends meet. The government is finally recognizing that economic growth comes from empowering the masses, not squeezing them dry.
For businesses, expect a more supportive environment. The new system is designed to encourage growth and investment, moving away from the punitive approaches of the past.
As part of the broader reform package, Nigerians can expect the establishment of a new tax institute, further professionalizing the sector and ensuring transparency in revenue collection.
This tax reform represents more than policy change, it's a statement of values. Under Tinubu's leadership, Nigeria is choosing to protect its people while ensuring those with the most contribute their fair share. It's economic justice in action, and it's long overdue.