Respect Military Institutions, Tax Reform is Here to Stay, Tinubu Declares in Media Chat
President Bola Ahmed Tinubu has reiterated his administration’s commitment to tax reforms, emphasizing their long-term benefits despite objections from some lawmakers and stakeholders. Speaking during his first media chat on Monday night, the President described the tax reforms as essential for Nigeria’s economic recovery and welfare of its people.
The President’s media chat tonight aims to show his administration’SA resolve to pursue reforms, tackle corruption, and lay the groundwork for Nigeria’s economic rebirth, despite criticism and challenges.
“The tax reform bills are pro-people and designed to protect the vulnerable,” Tinubu said. He stressed that the reforms outweigh any disadvantages and reaffirmed his resolve to pursue initiatives that prioritize national progress. “The hallmark of a good leader is the ability to do what he has to do when it has to be done,” he stated.
On the fight against corruption, Tinubu explained his administration’s strategy of blocking avenues for corrupt practices. He highlighted the removal of the fuel subsidy as a significant step in this direction, saying, “I don’t have any regrets whatsoever in removing petrol subsidy.”
When asked about the possibility of probing military service chiefs, the President dismissed such speculation, asserting the need to respect military institutions. “You cannot disrespect the institution because of the threat of a probe… Give them credit for what they are doing; I am proud of what they are doing today,” he added.
Tinubu also addressed Nigeria’s economic trajectory, assuring citizens that the country is on the path to recovery. He described the 2025 budget as a “budget of restoration of hope,” while acknowledging that the full impact of his policies will take time. “We can’t finish the job in one calendar year,” he remarked.
Responding to concerns about price control, Tinubu said he does not support such measures, emphasizing the natural dynamics of demand and supply in the economy. “I don’t believe in price control. It’s a function of demand and supply, and the forces will balance out,” he explained.
