Tinubu Declares Tax Reforms Irreversible, Open to Adjustments

Tinubu Declares Tax Reforms Irreversible, Open to Adjustments
President Bola Tinubu
Addressing the opposition, Tinubu expressed his willingness to engage in dialogue, saying, “Tax issues are open to debate and negotiation. I am not opposed to making adjustments. I will.”

Abuja, Nigeria -President Bola Ahmed Tinubu has affirmed that the ongoing tax reforms under his administration will remain in place, despite facing significant resistance.

Speaking during a presidential media chat aired on NTA on Monday night, Tinubu underscored the importance of the reforms, describing them as necessary and beneficial for the country.

“The tax reform is here to stay. It is pro-poor and aims to broaden the tax base, allowing more people to contribute,” the President said. He emphasized that decisive leadership requires implementing changes that may not always be popular but are essential.

The tax reform bills, currently before the National Assembly, have sparked debates and encountered strong opposition, particularly from leaders in the northern region. In response to the resistance, lawmakers have initiated consultations to address concerns raised by various stakeholders.

Addressing the opposition, Tinubu expressed his willingness to engage in dialogue, saying, “Tax issues are open to debate and negotiation. I am not opposed to making adjustments. I will.”

Despite the challenges, the President reiterated his commitment to the reforms, emphasizing their long-term benefits and necessity for economic stability.

The reforms aim to expand the country’s tax base and ensure a fairer contribution system, but they remain a contentious topic in Nigeria’s political landscape.


Copyright 2024 REPORT AFRIQUE (RA). Permission to use portions of this article is granted provided appropriate credits are given to www.reportafrique.com and other relevant sources.This Article is Fact-Checked. See Policy.
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