Nigerian businessman, Femi Otedola, has commended President Bola Ahmed Tinubu after signing the tax reform bills into law.
He described the new tax reform laws as “bold and necessary”, saying, it will bring about an “investment-friendlu economy”.
On Thursday 26 June, 2025, President Tinubu signed four (4) tax and fiscal reform bills into law at the Presidential Villa, Abuja.
The President said, the new tax reform laws will “deliver Nigeria’s first major, pro-people tax cuts in a generation”.
Following the signing of the bills into law, President Tinubu declared Nigeria open for business.
Otedola explained, the reforms will lower the “complexity” in “how revenues are collected and used”.
Femi Otedola wrote on his official X account: “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.
“These reforms will reduce complexity, promote fairness, and restore confidence in how revenues are collected and used. 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.
“God bless Nigeria!”
