• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, June 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Tinubu’s Policies Reshaping Nigeria’s Economy – Atoyebi

by Leadership News
3 months ago
in News
Tinubu
Share on WhatsAppShare on FacebookShare on XTelegram

President Bola Ahmed Tinubu is leading a wave of reforms aimed at revitalising Nigeria’s economy, attracting foreign investment, and improving the quality of life for everyday Nigerians.

Advertisement

The Renewed Hope Agenda, which promises a fair, simplified, and business-friendly tax system, is at the heart of these efforts.

According to Arabinrin Aderonke Atoyebi, Technical Assistant on Broadcast Media to the Federal Inland Revenue Service (FIRS) executive chairman, Tinubu inherited a struggling economy when he assumed office in 2023. Rather than sustaining ineffective policies, he opted for bold restructuring to recalibrate Nigeria’s financial trajectory.

She said one of his standout initiatives was the introduction of the Tax Reform Bills, which are designed to simplify the tax system, reduce burdens on workers, and create a more equitable economic framework.

She noted that a major highlight was the exemption of minimum-wage earners from personal income tax, providing significant relief to low-income Nigerians.

RELATED

MTEF/FSP: Senate Rejects N1.7trn Subsidy Proposal

Senate To Hold Regional Stakeholders’ Meetings To Tackle Insecurity

3 hours ago
Tinubu Hails Oando Boss Wale Tinubu On Birthday

Tinubu Hails Oando Boss Wale Tinubu On Birthday

3 hours ago

Additionally, the VAT rate, initially proposed to rise to 12.5%, has been retained at 7.5%, curbing inflationary pressures on households.

She added that small businesses are also poised to benefit, as the exemption threshold for small enterprises has been raised from ₦25 million to ₦50 million in annual turnover, giving more businesses the breathing space to grow.

Furthermore, corporate income tax for large companies has been reduced from 30% to 25%, a move designed to stimulate investment and job creation.

“These reforms show the Renewed Hope Agenda’s commitment to a tax system that is fair, simple, and good for business,” she said.

Despite the widely anticipated benefits, the Nigeria Labour Congress (NLC) president, Joe Ajaero, has called for the withdrawal of the Tax Reform Bill, citing concerns over its implications.

However, some analysts argue that Ajaero’s opposition may stem from misconceptions, noting that the reforms are designed to ease financial pressures on workers and make essential goods more affordable via VAT exemptions.

“Has there been adequate consultation with unions, economic experts, and workers who stand to gain the most?” Aderonke queried while stressing the bill’s alignment with the interests of low- and middle-income earners.

 

Another notable reform is the revamped VAT revenue-sharing formula, which will allocate 60% of VAT proceeds to the states where goods and services are consumed. This is expected to strengthen state economies and enable greater infrastructure, education, and healthcare investments.

 

Additionally, the creation of the Office of Tax Ombud will ensure that businesses are protected from arbitrary tax assessments and that disputes are resolved more efficiently.

 

She stated,” Supporters believe President Tinubu’s reforms will boost investor confidence, accelerate job creation, and drive national development through a more transparent and business-friendly tax system.”

 

“President Tinubu is building the foundation for a stronger and more prosperous Nigeria,” Aderonke noted. “His leadership is focused on economic stability, innovation, and fairness for all.”

 

“As Nigerians await Senate approval of the Tax Reform Bills, there is growing optimism that these measures could usher in a new era of economic stability and shared prosperity,” she asserted.

Arabinrin Aderonke Atoyebi an technical assistant to the Executive Chairman of the Federal Inland Revenue Service

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Bola Ahmed Tinubu
SendShareTweetShare
Previous Post

PDP Crisis: Group Urges Governors To Prioritise Peace, Unity

Next Post

Okotete, Minister Push For Gender Inclusivity

Leadership News

Leadership News

You May Like

MTEF/FSP: Senate Rejects N1.7trn Subsidy Proposal
News

Senate To Hold Regional Stakeholders’ Meetings To Tackle Insecurity

2025/06/26
Tinubu Hails Oando Boss Wale Tinubu On Birthday
News

Tinubu Hails Oando Boss Wale Tinubu On Birthday

2025/06/26
S/Arabia’s Oil Company, Aramco Generates $161.1bn Profit In 2022
News

Missing ₦210trn: NNPCL Snubs Senate Public Accounts C’ttee

2025/06/26
House Committee Summons To Governors Unhelpful
News

Reps Declare Ideato Disaster Zone Over Erosion, Bad Road, Seeks Emergency Intervention

2025/06/26
Every Part Of Nigeria Will Feel Impact Of Tinubu’s Govt – Shettima
News

VP Shettima Departs Nigeria For Ethiopia On State Visit

2025/06/26
PICTORIAL: NLNG Donates $500,000 Laboratory To ATBUTH
News

PICTORIAL: NLNG Donates $500,000 Laboratory To ATBUTH

2025/06/26
Leadership Conference advertisement

LATEST

Senate To Hold Regional Stakeholders’ Meetings To Tackle Insecurity

Tinubu Hails Oando Boss Wale Tinubu On Birthday

Missing ₦210trn: NNPCL Snubs Senate Public Accounts C’ttee

Reps Declare Ideato Disaster Zone Over Erosion, Bad Road, Seeks Emergency Intervention

VP Shettima Departs Nigeria For Ethiopia On State Visit

PICTORIAL: NLNG Donates $500,000 Laboratory To ATBUTH

Why Owo Memorial Cenotaph Was Demolished — Aiyedatiwa

Alleged N7.5bn Fraud: AGF Produces First Witness Against Ponzi Scheme Operator

Tinubu Tasks Nigerians On Fight Against Illicit Drugs

2027: Youth Group Accuses Peter Obi Of Undermining Igbo Political Interests

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.