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President Bola Ahmed Tinubu has stated that the controversial tax reform bills are aimed at eliminating the influence of colonial rule on Nigeria’s economy.
This comes amid the ongoing controversy surrounding the bills across Nigeria.
Tinubu made this statement during a media chat in the Ikoyi area of Lagos State on Monday.
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The president stated: “Tax reform is here to stay. We cannot continue doing what we were doing yesterday in today’s economy. The essence of the tax reform bills is to eliminate the influence of colonial rule on Nigeria’s economy.”
In other news, Nigeria’s Vice President, Kashim Shettima, says the country cannot achieve economic development without addressing the power sector crisis.
This is as he urged leaders in the country to rise above their differences, confront the power sector crisis and make Nigeria an industrialized nation.
Shettima stated this when while inaugurating the National Economic Council, NEC, Ad-Hoc Committee on National Electrification and NEC Ad Hoc Committee on Polio Eradication at the Presidential Villa, Abuja.
“One common thing with these countries and others in the post-industrial revolution community is that they have largely resolved the issue of energy insufficiency.
“There is no doubt that we cannot dream of meaningful national economic development without addressing the issue in the power sector and ensuring that Nigerians have accessible, available and affordable energy,” he stated.
While regretting that an estimated 40-70 percent of Nigerians have no formal access to electricity, Shettima said he is comforted by the knowledge that the calibre and experiences of Governors and other members of the committee will change the narrative in a positive trajectory.
The VP acknowledged the basic challenges in the nation’s power sector, particularly the national grid which has been witnessing system collapse.
