Tax Reform is Here to Stay – President Tinubu – Nigerian President Bola Tinubu has made it clear that his administration’s tax reforms will remain, despite the economic challenges faced by many citizens. Speaking with unwavering determination, he emphasized that these reforms are designed to be inclusive, targeting a broader tax base while sparing low-income earners from additional burdens. Tinubu stated, “Tax reform is here to stay. We cannot keep doing what worked yesterday in a world that demands progress today.”
Tax Reform is Here to Stay – President Tinubu
The president explained that the tax reforms aim to dismantle lingering colonial economic frameworks that have hindered Nigeria’s growth. By expanding the tax net, the government intends to boost revenue without overburdening the poor. These funds will be redirected into critical sectors like healthcare, education, and infrastructure, paving the way for sustainable economic growth.
Amid criticism over the size of his 48-member cabinet, Tinubu was resolute. He noted that each appointment serves a specific purpose in advancing national objectives. “I am not reducing the size of my cabinet,” he said firmly, adding that efficiency and effectiveness are central to his administration’s approach.
The removal of the petrol subsidy, another bold move by his government, has also sparked debate. Tinubu defended this decision as a necessary step toward fiscal stability, describing the subsidy as an unsustainable practice. He remarked, “We were mortgaging our future. The subsidy had to go, and I have no regrets.”
These initiatives are part of a broader strategy aimed at tackling Nigeria’s pressing economic issues, including inflation and a high cost of living. Tinubu’s reforms prioritize creating a self-reliant economy, reducing dependency on external loans, and laying the groundwork for long-term prosperity.
While the path to reform is challenging, Tinubu’s administration believes these measures are essential for a stronger, more equitable Nigeria. His commitment to maintaining a sizable cabinet and implementing strategic tax reforms reflects his vision of a government that is both proactive and purpose-driven.
In the face of short-term sacrifices, these efforts are intended to yield lasting benefits, ensuring Nigeria’s economy is positioned for future growth and resilience.
Last Updated on March 29, 2025 by samboadu
