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National

Tinubu says no regrets removing subsidy and tax reforms

James Moses
Last updated: December 24, 2024 3:03 pm
By James Moses - James Moses
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Following the controversial state of the tax reform bills, President Bola Ahmed Tinubu is saying that there is no going back to the decision of the presidency.

He made this known during a media chat on Monday in Lagos, saying the tax reforms were necessitated by the need to eliminate colonial based assumptions in the nation’s tax environment.

The tax reforms have sparked controversy across the country, forcing the House of Representatives to suspend indefinitely debate on the bills earlier fixed for December 3rd following mounting pressure from the 19 northern states governors.

Also, President Bola Ahmed Tinubu is saying that he has no regrets about removing petrol subsidy in May 2023, insisting that Nigeria cannot continue to be Father Christmas to neigbouring countries.

He says that the removal of the petrol subsidy some 18 months ago increased competition within the sector and that the pump price of petrol gradually crashed.

The All-Progressives Congress, APC Chieftain also says he does not believe in price control and he won’t go to that path.

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President Bola Tinubu advised Nigerians to step up their management skill in reducing electricity bills.

He made this known in an interview urging Nigerians to learn to manage and control electricity bills by switching off the light and other appliance not in use.

-9News Nigeria.

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James Moses
James Moses is a 9News Nigeria news correspondent reporting from Jos, Plateau State. He is an experienced writer, journalist and blogger. He is passionate and flair for Politics, Sports and Entertainment reporting.
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James Moses is a 9News Nigeria news correspondent reporting from Jos, Plateau State. He is an experienced writer, journalist and blogger. He is passionate and flair for Politics, Sports and Entertainment reporting.
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