President Bola Ahmed Tinubu has insisted that the controversial federal government’s tax reform bills currently before the National Assembly will retool Nigeria’s economy for the benefit of all Nigerians.
He made this known during his first media chat with journalists in Lagos since his inauguration in 2024.
“The tax reforms are here to stay. We cannot just continue doing what we did yesterday in today’s economy; we cannot retool the economy with old laws,” he stated.
“I have a clear focus on what Nigerians need and what must be done. It is not just going to be an Eldorado for everybody. The new dawn is here, and I am convinced that everyone should embrace it,” he added.
Recall that the tax reform bills were rejected by Northern governors and the National Economic Council because they were not seen as beneficial to Nigerians.
Since their transmission to the National Assembly, the bills have continued to generate mixed reactions.
Tax reform bills: ‘We can’t retool Nigeria’s economy with obsolete laws’ – Tinubu tells critics