President Bola Tinubu has ruled out reversing the tax reforms recently introduced by his administration, despite growing opposition.
Speaking during his first presidential media chat on Monday night, Tinubu stressed the need for the reforms to fix the economy.
“Tax reform is here to stay. We can’t rebuild this economy with old, outdated methods,” he said.
The reforms, presented as four Tax Reform Bills to the National Assembly on October 3, have sparked resistance, particularly from the northern region.
The National Economic Council had advised Tinubu to withdraw the bills for further discussions, but he insisted they must follow due legislative processes.
“This won’t be a quick fix for everyone, but it’s the start of something better for Nigeria,” Tinubu added, expressing confidence in his plans.