Tax Reform Bills Aim to Erase Colonial Influence on Economy – President Tinubu

President Bola Ahmed Tinubu has defended the controversial tax reform bills, emphasizing that they are designed to remove the lingering impact of colonial rule on Nigeria’s economy.

The president made this statement during a media chat held in the Ikoyi area of Lagos State on Monday, amid widespread debate and criticism surrounding the proposed reforms.

“Tax reform is here to stay. We cannot continue doing what we were doing yesterday in today’s economy,” Tinubu stated.

“The essence of the tax reform bills is to eliminate the influence of colonial rule on Nigeria’s economy.”

The bills, which have sparked significant public discourse, aim to overhaul the nation’s tax system to align with contemporary economic realities.

President Tinubu’s remarks come as his administration seeks to push through reforms aimed at bolstering revenue generation and reducing dependence on oil earnings.

However, the proposed changes have faced resistance from various quarters, with critics citing concerns about potential economic hardship for citizens and businesses.

The president’s assurance signals his administration’s commitment to seeing the reforms through, despite the controversies surrounding them.