President Bola Ahmed Tinubu has introduced a Personal Income Tax calculator, a new innovation under his administration’s fiscal reforms, which will take effect in January 2026.
The President said the calculator was designed to ensure every Nigerian can understand and anticipate how the reforms would affect their income, stressing that fairness is the foundation of the new tax system.
“A fair tax system must never punish poverty or weigh down the most vulnerable. With the new tax laws I recently signed, taking effect from January 2026, we have lifted this burden and created a path of equity, fairness, and true redistribution in our economy,” he explained.
The tool, he said, guarantees protection for low-income earners while fostering a culture of compliance. “It allows you to check your estimated tax under the new laws against what you currently pay. It shows clearly how these reforms protect low-income earners, ensure progressivity, and simplify compliance,” Tinubu said.
He further called on Nigerians to trust in his economic reforms. “Together, we are renewing hope in the Nigeria of our dreams. Take a bet on our country. Bet on Nigeria to work for you, your family, and your community.”
The tax calculator is available at the official fiscal reforms portal and is expected to become an essential tool for financial planning.