Otedola: New Tax Regime Will Unleash Nigeria’s Economic Potential

Billionaire entrepreneur Femi Otedola has hailed President Bola Tinubu’s recent enactment of the tax reform bills as a courageous move aimed at enhancing transparency, efficiency, and investor appeal within the Nigerian economy.

He shared this in a post on his official X handle on Friday, June 27, 2025.

“As a business leader, I applaud the signing of the tax reform bills into law by His Excellency, President Bola Ahmed Tinubu, GCFR.

“These new Tax Reform Laws represent a courageous and essential move towards creating a more transparent, efficient, and investment-conducive economy,” Otedola stated.

He emphasized that the reforms would simplify the tax system, enhance fairness, and rebuild public trust in revenue collection and usage.

Otedola also praised all those involved in making the reforms a reality.

“Paying taxes is only part of the equation. What truly matters is developing a system where tax revenues and public funds are channeled into infrastructure, drive productivity, and foster inclusive growth.

“This is the foundation for a stronger private sector and a more prosperous Nigeria. Kudos to everyone who played a role in this landmark reform. I feel even more encouraged to invest, and many others in the investor community feel the same,” he added.

He further noted that it was particularly commendable that the President embraced inclusive dialogue, incorporating input and criticism from a wide range of stakeholders.