‘Our Policies are deliberate!’ Tinubu Defends Reforms as Pathway to National Prosperity

Speaking through the Minister of Information and National Orientation, Mohammed Idris, during a national event in Lagos on Sunday, Tinubu emphasized the strategic importance of his government’s policies, particularly in tax reforms, to reposition Nigeria for enduring wealth creation.

According to the president, Nigeria’s current tax system is overdue for a complete overhaul to ensure fairness, efficiency, and broader economic growth.

“Our policies are deliberate and well thought-out. They aim to address the root causes of our economic challenges, including diversifying the economy, developing human capital, and creating wealth,” he said.

Tinubu highlighted the comprehensive tax bills currently before the National Assembly, noting their objective to reduce the number of taxes, ease the burden on vulnerable Nigerians, and create incentives for businesses to thrive.

“These reforms will also ensure a greater share of tax revenue goes to the states, enabling them to implement impactful programmes and infrastructure projects that align with the federal government’s overarching agenda.”

He further noted the recent record-breaking revenue distribution by the Federation Accounts Allocation Committee (FAAC) as evidence of his administration’s efforts to unlock resources for critical investments in the economy.

He said, “These revenues are being channelled into key federal initiatives such as consumer credit schemes, the student loan fund, MSME support programmes, technical talent development, and infrastructure projects” 

The president assured Nigerians that his administration’s reforms are designed to create inclusive growth while alleviating economic pressures on the most vulnerable, emphasizing that cooperation with state and local governments will amplify the impact of these policies nationwide.

“While opinions may differ on specific policy details, our direction is clear—we are rebuilding Nigeria with a focus on long-term prosperity for all citizens,”