Economic reforms not to punish Nigerians, but to avert collapse – Tinubu

President Bola Tinubu on Thursday clarified that recent government policies are not intended to punish Nigerians but are essential measures aimed at averting an economic collapse.
He conveyed this message during the 55th Annual Conference of the Nigerian Institute of Estate Surveyors and Valuers (NIESV) held in Abuja.
The president was represented at the event by the Minister of Housing and Urban Development, Ahmed Dangiwa, who was further represented by Dr. Edna Tobi, Special Assistant for International Cooperation and Partnership in the ministry.
The conference’s theme was, “Transform, Invest, Drive: Optimising Real Estate Finance and Taxation.”
The event convened key stakeholders to discuss the intersection of real estate and fiscal policy.
In his remarks, the president reaffirmed his administration’s commitment to diversifying the economy and broadening revenue streams.
He explained that this objective underpins the government’s push to implement tax policies that boost revenue while maintaining fairness and transparency.
“Our decision to reform Nigeria’s tax system and fiscal policy was deliberate and strategic,” he said.
“It was a courageous and bold move aimed at addressing the suffocating economic challenges facing the nation.”
The event convened key stakeholders to discuss the intersection of real estate and fiscal policy.
In his remarks, the president reaffirmed his administration’s commitment to diversifying the economy and broadening revenue streams.
He explained that this objective underpins the government’s push to implement tax policies that boost revenue while maintaining fairness and transparency.
“The Tax Administration Bill will provide clearer procedures and responsibilities for taxpayers, enhance compliance, and reduce inefficiencies and multiple taxation,” he said.