Tax reforms pro-poor, here to stay, says Tinubu

Tax reforms pro-poor, here to stay, says Tinubu

President Bola Tinubu has said the tax reforms initiated by his administration are here to stay.

He stated this during the presidential media chat on Monday, adding that the new tax deal is pro-poor people.

Tinubu also said the tax reforms were initiated to “eliminate colonial-based assumptions” in the country’s tax environment.

Nigeria, he said, would not continue to use old methods in today’s economy.

The President said those calling for more consultations on the tax reform bills would still do so even if he delayed the presentation.

“Tax reform is here to stay. In today’s economy, we cannot continue to do what we were doing in the past. We can’t retool with old and broken folks,” he said.

“The essence of tax reform is to eliminate colonial-based assumptions in our tax environment

“Every tax situation without outcry is not a tax. You can’t satisfy uniformly the largest community of tax evaders. Look at this tax reform; it is pro-poor. The vulnerable are not to pay taxes.

“The hallmark of a good leader is the ability to do what you have to do at the time it ought to be done. That is my philosophy.”