A Victory for Workers, Small Businesses, and Grassroots Development
The All Progressives Congress (APC) UK Chapter extends its heartfelt congratulations to all Nigerians on the successful signing of the new tax law, set to take full effect from 1st January 2026. This landmark reform is a pro-people policy that brings fairness, relief, and opportunity to workers, small businesses, and communities across the nation.
One of the most impactful aspects of the new law is the complete tax exemption for Nigerians earning ₦1 million or less annually — a bold step that lifts the burden off low-income earners and protects the most vulnerable in our society.
In addition, the law supports small and medium enterprises (SMEs) by introducing a profit-based tax model, ensuring that these businesses pay little or nothing depending on their actual earnings on 50Million naira or less. This aligns with global best practices and will encourage entrepreneurship, job creation, and innovation.
The new revenue-sharing structure will also significantly increase allocations to states and local governments, empowering them to deliver better services, infrastructure, and grassroots development. More money in local hands means more money on the table for the people.
After over 10 months of robust consultations, public hearings, and legislative debates, this law stands as a victory for every Nigerian. It reflects a commitment to inclusivity, economic justice, and national progress.
The APC UK Chapter celebrates this major feat and commends President Bola Ahmed Tinubu for his visionary leadership and untiring efforts to ensure progress and sustainability for our great nation.
A better future is not only possible — it is already unfolding.
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APC UK Media Publicity@apcunitedkingdom.org