Billionaire businessman Femi Otedola has commended President Bola Tinubu’s recent signing of four significant tax reform bills into law.
Gatekeepers News reports that on Thursday, President Tinubu officially assented to these bills, which had been passed by the National Assembly after thorough consultations with diverse interest groups and stakeholders.
The four bills encompass the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill. Otedola highlighted this milestone in a post on his official X handle, emphasizing that it represents a substantial step toward enhancing the transparency, efficiency, and investment appeal of the Nigerian economy.
“As a business leader, I welcome the signing of the tax reform bills into law by His Excellency, President Bola Ahmed Tinubu, GCFR.
“The new Tax Reform Laws are a bold, necessary step toward a more transparent, efficient, and investment-friendly economy,” Otedola stated.
According to him, the reforms would reduce complexity, promote fairness, and restore confidence in how revenues are collected and used.
He also commended everyone who contributed to the achievement.
“It’s not just about paying taxes. It’s about building a system where taxes and other public resources fund infrastructure, unlock productivity, and fuel inclusive growth.
“This is how we build a stronger private sector and a more prosperous Nigeria. Kudos to everyone who contributed to this landmark achievement for Nigeria. I am inspired to invest more, and many other investors share the same sentiment,” he added.
