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Tinubu declares tax reforms irreversible, promises economic stability

Paul Joseph by Paul Joseph
December 25, 2024
in News
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In his maiden media chat on Monday, President Bola Ahmed Tinubu reaffirmed his commitment to the tax reforms bill currently before the National Assembly, emphasizing that it had “come to stay.”

The President outlined his administration’s determination to revitalize Nigeria’s economy, stating that outdated methods would no longer suffice. “We cannot continue to do what we were doing yesteryears in today’s economy; we cannot retool this economy with the old groping bolts,” Tinubu said, expressing confidence in his ability to deliver results for Nigerians.

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While acknowledging the challenges ahead, Tinubu assured citizens that his focus remains steadfast. “It will not be Eldorado for everybody, but a new dawn is here. I am convinced, and you should be convinced too,” he declared.

Addressing the nation’s economic woes, Tinubu predicted a significant drop in inflation, which is currently at 34%. According to him, the 2025 budget envisions reducing inflation to 10%. He highlighted measures his administration would implement to achieve this goal, including improved security to enable farmers to return to their fields, boosting food production, and encouraging the local procurement and manufacturing of essential drugs.

Read Also: Reactions as President Tinubu holds first Presidential Media Chat

The President empathized with Nigerians over their economic struggles but maintained that the country was on the right path. “We are focused; we’ll maintain focus. Let’s believe in ourselves and in our country. Tomorrow will bring a glorious dawn,” he said, adding that 2025 holds promising prospects for Nigeria.

With just 18 months into his administration, Tinubu expressed gratitude to Nigerians for their trust in him as their leader. “I’m very proud of that. I don’t want you to think I will take it for granted at any given time. It is all about service. I will do it with all my heart. I seek your cooperation all the time,” he pledged.

Tinubu’s bold declarations signal a determined push to overhaul Nigeria’s economic framework, inspiring hope for a future of stability and growth. His assurances come at a critical time when citizens are seeking transformative leadership to navigate the nation out of its economic challenges.

Tags: tax reforms irreversibleTinubu promises economic stabilityTinubu reaffirmed his commitment to the tax reforms bill
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