President Bola Tinubu has reaffirmed that the tax reforms initiated by his administration have come to stay.
He said this on Monday during his maiden media chat.
Mr. Tinubu addressed mixed reactions trailing the tax reform bills before the National Assembly, noting that the benefits of the reforms far outweigh the concerns raised.
“Tax reform is here to stay. We cannot just continue to do what we do in yesteryears in today’s economy,” he said
“he reform is pro-poor and it is to widen the tax net, so we can have more people paying.
“The hallmark of a good leader is the ability to do what you have to do at the time it ought to be done.”
Also, when asked about his plans to address the pushback from the Northern leaders, especially over proposed changes in sharing of Value Added Tax (VAT) following the introduction of the tax reform bills, he said “Tax matters are subject of debate, and negotiations until you reach concessions. I don’t mind cutting edges. I will.”
However, the bills, which caused uproar in some sections of the country, including on the floors of the National Assembly, have passed second reading at the Senate.