
According to Channels Television, Taiwo Oyedele, head of Nigeria’s Tax Reform Committee, announced that households earning ₦250,000 or less monthly will no longer pay taxes under the new fiscal law signed by President Bola Tinubu. The reform, set to begin in January 2026, aims to avoid taxing the poor while improving efficiency and fairness in the system.
- Households earning ₦250k or less per month will be tax-exempt under new laws taking effect in 2026.
- The reform targets tax fairness, aiming to close a 70% collection gap while protecting low-income earners.
- Middle-income earners (₦1.8m–₦2m) will see reduced taxes; only top earners will pay slightly more.
- Poverty threshold was set using a 5-person household model, considering Nigeria’s informal economies.