Nigeria’s President, Bola Tinubu, said on Wednesday that his government will go ahead with the contentious tax reforms, just as he has no regrets about removing fuel subsidies.
Speaking during his maiden media chat since he assumed office, the president stressed that the country needs to embrace change to make progress.
“Tax reform is here to stay we cannot keep doing what we have done before and expect a change,”
“You cannot satisfy uniformly a larger community of tax invaders,” he said. All we are asking is to widen the tax net, make the cake larger and let us share a larger meal. They will still ask for this consultation no matter how long I delay it.” He said.
Tinubu also added that he did not lose sleep over removing fuel subsidies as he never believed in price control, noting that the removal has increased competition in the industry.
“I don’t have any regrets whatsoever in removing petrol subsidy. We are spending our future, we were just deceiving ourselves, that reform was necessary.”
The president expressed his confidence he is on the right track and urged Nigerians to be patient as he implements his Renewed Hope Agenda to lead the country into the “new dawn”.
