President Bola Ahmed Tinubu has said that there is no going back on the controversial tax reform bills.

Speaking during the presidential media chat in Lagos State, Tinubu said the tax reform which is here to stay is meant to widen the tax net.

The president further explained that the tax reform bills are aimed at eliminating the influence of colonial rule on Nigeria’s economy.

Recall that the tax reform bills have generated controversy and have been met with pushback, especially from Northern leaders, who claimed that the bills are aimed at impoverishing the region.

Meanwhile, President Bola Tinubu during the media chat, also said that he does regret removing petrol subsidy in May 2023.

According to him, such reforms has helped increas competition within the sector and with the pump price of petrol gradually crashing.

The President hinted that his actions have made the market saturated, with no monopoly, but allowing a free market economy.