N’Assembly Hails 2025 Reforms as Springboard for Economic Rebound
The National Assembly has described 2025 as a watershed year for Nigeria, saying sweeping reforms across taxation, governance, electoral administration and security have positioned the country for economic recovery in 2026.
In an end-of-year address, Senate Leader Opeyemi Bamidele said the legislature partnered with other arms of government to push through critical reforms, while retaining its constitutional autonomy.
According to him, 2025 witnessed far-reaching policy and legislative interventions that cut across key sectors of the economy.
“From comprehensive tax reforms to electoral, constitutional and institutional adjustments, 2025 marked a turning point that has prepared Nigeria for greater stability and prosperity,” Bamidele said.
He singled out the 2025 Tax Reforms Act as the most significant legislation passed during the year, noting that its implementation from January 1, 2026, would streamline the tax system, curb multiple taxation and improve revenue distribution, especially for low-income earners.
Bamidele urged citizens to study the provisions of the new law, explaining that it was crafted to resolve persistent fiscal and liquidity constraints and to enhance Nigeria’s competitiveness through a modernised tax framework.
Beyond taxation, the Senate Leader said progress had been recorded on other major legislative fronts. He disclosed that the ongoing review of the 1999 Constitution was at an advanced stage, with proposed amendments set to be forwarded to State Houses of Assembly. The review, he said, is focused on devolving more powers to states to strengthen governance and service delivery.
On electoral reforms, Bamidele revealed that work on the Electoral Act (Amendment) Bill, 2025, was close to completion. He said the bill, aimed at boosting transparency and credibility in elections, would be prioritised for presidential assent in January 2026.
Turning to security, he noted that public hearings for the National Security Summit had been concluded in all six geopolitical zones. The summit, slated for the first quarter of 2026 in Abuja, is expected to harmonise recommendations on tackling insecurity, countering violent extremism and improving cooperation with international partners.
Bamidele also said legislative consideration of the 2026 Appropriation Bill had advanced to the committee level, with work continuing through the holiday period. He added that full budget deliberations would resume when the Senate reconvenes on January 27, 2026.
He concluded by appealing to Nigerians to back ongoing nation-building efforts and remain committed to the ideals of unity and patriotism.
“The journey to economic recovery is underway, and the reforms undertaken in 2025 have provided a strong platform for a more prosperous 2026,” Bamidele said.
