Tinubu Breaks Silence, Defends His Administration’s New Tax Laws

President Bola Tinubu has defended his administration’s newly introduced tax reforms, stating that outdated colonial-era tax laws had long contributed to economic hardship in Nigeria through fragmentation, inconsistencies, and excessive complexity.

According to Ireporter Online, the President made this known on Tuesday in Abuja during the commissioning of the 16-storey Nigeria Revenue Service (NRS) headquarters, where he reiterated that the reforms are designed to promote inclusivity, strengthen economic growth, and attract investment.

Tinubu explained that the new tax framework, which became fully operational in January 2026, was introduced to modernise Nigeria’s fiscal system, eliminate inefficiencies, and improve global competitiveness. He maintained that the reforms reflect his administration’s broader commitment to restoring economic stability and building a fair, disciplined, and opportunity-driven system.

Recalling his inauguration pledge, the President stressed that his promise to move Nigerians from uncertainty to renewed hope was not mere rhetoric but a binding commitment to structural reforms and institutional renewal.

He praised the Executive Chairman of the NRS, Dr. Zacch Adedeji, for the successful delivery of the newly commissioned headquarters, describing it as a major milestone completed within 30 months after over two decades of delay. The facility, he noted, is equipped to enhance efficiency and provide a conducive working environment for thousands of staff, alongside modern infrastructure such as a data centre, clinic, auditorium, and training facilities.

Tinubu further stated that the reforms were carefully designed to simplify Nigeria’s tax system, eliminate distortions, and create a transparent, investment-friendly environment that rewards enterprise and supports national development. He also highlighted early signs of economic improvement, including stronger fiscal stability, increased foreign reserves, improved trade efficiency, and growing investor confidence.

Reaffirming his administration’s commitment, the President urged the NRS leadership to ensure the institution not only collects revenue but also builds public trust, promotes fairness, and upholds accountability. He described the new headquarters as a symbol of professionalism, transparency, and institutional transformation, calling for sustained efforts to ensure future progress builds on present reforms.