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    Tinubu’s tax reforms most audacious in Nigeria’s history – Olorogun Morrison

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    By Elizabeth Ukey,President Bola Tinubu

    Copyright nigerianeye

    Tinubu's tax reforms most audacious in Nigeria's history - Olorogun Morrison

    Elder statesman and renowned businessman, Olorogun Morrison Olori, has described the tax reforms introduced by the Federal Government led by President Bola Tinubu as the most audacious since Nigeria’s Independence.

    Speaking during a briefing in Ughelli, Delta State, Olori, who is a chieftain of the All Progressives Congress, stated that the reforms represent the administration’s most significant achievement to date, asserting that the measures would steer Nigeria towards rapid economic development.

    “President Tinubu deserves commendation for these audacious tax reforms. No Nigerian leader (President) has taken such a daring and courageous decision in the country’s history. As a businessman with over 60 years of experience, this is the best decision any Nigerian President could make. This is highly commendable,” Olori said.

    A major investor in the real estate, hospitality, and oil and gas sectors, Olori emphasised the importance of sound economic policy, especially tax reform, for any nation striving for progress, urging Nigerians to be grateful for the emergence of President Tinubu at a time he described as a critical juncture for the country.

    “President Tinubu met a dead economy from the late President Muhammadu Buhari. Nigerian governments at all levels were finding it difficult to pay salaries and execute projects. But for the bold decision of the President to remove fuel subsidy, there is now surplus funds, even for councils, to execute projects at the grassroot level,” Olori stated.

    According to him, the reforms are already creating fiscal space for development, and would also resolve long-standing issues such as multiple taxation and under-taxation that have discouraged investment.

    “The tax reforms will, among many things, fix myriads of tax challenges, especially multiple taxation, which has forced many businesses to flee the country. I can confidently tell you that many foreign investors will rush back to do business with the government,” he added.

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