Secretary to the Government of the Federation, Senator George Akume, has expressed confidence in President Bola Tinubu’s tax reform bills, describing them as well-envisioned laws that will revitalize Nigeria’s economy.
Akume made this statement during his appearance on TVC’s “Politics on Sunday” program hosted by Femi Akande.
According to Akume, the tax reform bills are designed to reposition Nigeria’s economy, building on President Tinubu’s previous successes in removing fuel subsidies and harmonizing foreign exchange windows ¹.
He emphasized that these reforms aim to rebuild the country’s economy, which was allegedly destroyed by previous administrations.
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Akume also addressed potential presidential aspirants, advising them to wait until 2031, when President Tinubu would have completed his second term.
Specifically, he urged Alhaji Atiku Abubakar and other northern contenders to postpone their ambitions until then.
The tax reform bills have sparked intense debate, with some stakeholders praising their potential benefits and others expressing concerns about their impact on various regions.
The bills propose significant changes, including a gradual increase in Value-Added Tax (VAT) rates, from 7.5% in 2024 to 15% by 2030, aligning with the ECOWAS benchmark.
Despite opposition from some quarters, including the Northern Governors Forum, Akume remains optimistic about the bills’ potential to drive economic growth.
He assured Nigerians that the reforms would bring relief to millions of citizens across the country, empowering states and local governments for sustainable development.