Otedola has described the new tax laws as a bold step toward a more transparent and investment-friendly economy.
Glamtush reports that billionaire businessman, Femi Otedola, has hailed the signing of the tax reform bills into law by President Bola Tinubu.
Otedola, in a post on his official X handle on Friday, described it as a bold step toward making the Nigerian economy more transparent, efficient, and investment-friendly.
“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.
The new tax bills introduced by the Tinubu administration have generated widespread controversy and criticism from many, including some governors who believe that some states will not be able to pay staff salaries if certain sections of the bills are made into law.
However, the presidency and the National Assembly said stakeholders had been engaged across the country, and the fears of the governors had been allayed.
