The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured that the Federal Government will maintain open consultation with business leaders and stakeholders ahead of the implementation of the new Tax Acts in 2026.
Speaking at the first edition of the Government-Private Sector Dialogue Series: South East Finance and SMEs Growth Roundtable, Edun said President Bola Tinubu’s administration remains committed to reforms that will make Nigeria’s fiscal environment more transparent, efficient, and fair.
He disclosed that the new tax laws had been finalised and would take effect from January 1, 2026, following extensive collaboration among the executive, legislature, judiciary, professionals, and the general public.
“The dialogue that you ask for, I can assure you, will play a big role,” Edun said.
“There needs to be dialogue. There must be dialogue. Even the feedback we are hearing here today shows the need for more explanation and clarification. And when it comes to major reform, it’s all about timing, sequencing, and consultation.”
The minister emphasised that the government’s economic reforms were already yielding results, citing improvements in the foreign exchange market and petroleum pricing systems.
Edun noted that continued engagement with the private sector would ensure that fiscal reforms are both inclusive and sustainable, fostering a stable environment for investment and business growth across Nigeria.
