News on Tax reforms will grow Nigeria’s budget five times of current size — Speaker by Sodiq Omolaoye, Abuja

Speaker Tajudeen Abbas said President Tinubu’s tax reforms “will significantly raise Nigeria’s revenue base and expand the national budget to at least five times its current size.” This was reported by Sodiq Omolaoye (Abuja) on 29–30 September 2025. 

The Guardian story reports the Speaker’s confident projection about the tax reforms expanding the budget fivefold. That same article and related Guardian posts/captions repeated the claim. 

Independent international coverage documents that Nigeria’s lower house passed major tax reform bills earlier in 2025 (the bills aim to modernise tax administration and broaden the base). Those reforms are intended to raise revenues, but international reporting frames the revenue gains as significant but not typically described as a fivefold increase — most public analyses discuss more modest, stepwise increases in tax-to-GDP and revenue. 

There are also recent implementation timing issues and adjustments: e.g., Reuters reported the government postponing the implementation of some parts of the new tax law until January 1, 2026, because of concerns about cost-of-living impacts. That delay is relevant when assessing how quickly any revenue gains could materialize. 

Speaker Tajudeen Abbas did make that optimistic forecast.  A fivefold increase in the national budget is very ambitious compared with independent projections and typical medium-term tax reform outcomes. Analysts and international reports discuss substantial but smaller increases (e.g., doubling or raising tax-to-GDP toward higher single-digits/teens), and timing depends on implementation and economic growth. 

Tax reforms will boost budget, Abbas declares (Sodiq Omolaoye, 29–30 Sep 2025). 

Nigeria's lower house passes tax reform bills (Mar 13, 2025). 

Nigeria delays new tax law to 2026 amid fears of worsening living costs (Sep 9, 2025). 

WTS Global / tax analysis summaries on the reforms and expected effects.