Tinubu Advocates New Tax Reforms Over Colonial Laws

On Tuesday, President Bola Tinubu stated that his new tax reforms are superior to colonial-era laws that have contributed to poverty in Nigeria. He made these remarks during the commissioning of the Nigerian Revenue Service (NRS) headquarters in Abuja, attended by Senate President Godswill Akpabio, House Speaker Tajudeen Abba, and various state governors and private sector leaders.

Tinubu explained that the new tax law, which became fully operational in January, aims to liberate the economy from outdated constraints and enhance global competitiveness. He pledged to restore financial stability and build an equitable economy, emphasizing that the reforms are designed to create a fair and transparent investment environment.

Tinubu commended NRS Executive Chairman Zacch Adedeji for the successful completion of the headquarters, which took 30 months to build. He urged the NRS to uphold high standards in revenue collection to earn public trust and ensure government accountability.