The Nigeria Labour Congress has threatened to revolt against plans to commence the implementation of the newly enacted tax reform laws from January 1, 2026.The NLC said it was not aware of the tax laws, as it was not carried along in their drafting, nor after they were passed and assented to by the National Assembly and President Bola Tinubu.While raising concerns about the timing, lack of clarity and the likely impact of the implementation on workers and businesses, the NLC warned that the reforms would not only worsen the burden on citizens but also hurt small businesses and slow economic activity.However, the Manufacturers Association of Nigeria declared support for the laws, saying they would be friendly and beneficial to its members,This is even as small and medium-scale business operators and the Employers Association for Private Employment Agencies of Nigeria called for the suspension of the implementation of the laws, citing poor awareness and inadequate stakeholder engagement.But the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, defended the laws, warning that delaying the reforms could push up the prices of basic goods and services, including food, healthcare and education, while keeping workers and small businesses overtaxed.
Oyedele warned that delaying the reforms would mean retaining the current tax regime, which he said placed a heavy burden on workers and small businesses.