Elder statesman and renowned businessman, Olorogun Morrison Olori, has described the tax reforms introduced by the Federal Government led by President Bola Tinubu as the most audacious since Nigeria’s Independence.
Speaking during a briefing in Ughelli, Delta State, Olori, who is a chieftain of the All Progressives Congress, stated that the reforms represent the administration’s most significant achievement to date, asserting that the measures would steer Nigeria towards rapid economic development.
“President Tinubu deserves commendation for these audacious tax reforms. No Nigerian leader (President) has taken such a daring and courageous decision in the country’s history. As a businessman with over 60 years of experience, this is the best decision any Nigerian President could make. This is highly commendable,” Olori said.
A major investor in the real estate, hospitality, and oil and gas sectors, Olori emphasised the importance of sound economic policy, especially tax reform, for any nation striving for progress, urging Nigerians to be grateful for the emergence of President Tinubu at a time he described as a critical juncture for the country.
“President Tinubu met a dead economy from the late President Muhammadu Buhari. Nigerian governments at all levels were finding it difficult to pay salaries and execute projects. But for the bold decision of the President to remove fuel subsidy, there is now surplus funds, even for councils, to execute projects at the grassroot level,” Olori stated.
According to him, the reforms are already creating fiscal space for development, and would also resolve long-standing issues such as multiple taxation and under-taxation that have discouraged investment.
“The tax reforms will, among many things, fix myriads of tax challenges, especially multiple taxation, which has forced many businesses to flee the country. I can confidently tell you that many foreign investors will rush back to do business with the government,” he added.
Olori also called for transparency and sincere implementation in order to ensure the long-term success of the reforms.
He commended the Minister of the Federal Capital Territory, Nyesom Wike, and Minister of Aviation, Olorogun Festus Keyamo (SAN), for the “tremendous achievements” in their respective ministries.
“If Wike remains the minister of the FCT beyond 2027, Abuja would witness unprecedented infrastructural growth. I just returned from the FCT and what Wike is doing there on behalf of Mr. President is so massive. Wike has surpassed the record of any other minister of the FCT. I commend his infrastructural drive and his hunger to achieve more,” he said.
On Keyamo’s performance, he noted: “Another minister in the Tinubu’s government is Olorogun Festus Keyamo SAN. His record in the aviation cannot be compared. Nigeria under him is signing all necessary agreements to expand our aviation space in the world. Our airports are wearing new looks. I hope he extend his giant strides to Osubi airport.”
Olori also praised Governor Sheriff Oborevwori for his leadership in Delta State, particularly in terms of infrastructure and fostering peace among the diverse ethnic groups in the region.
“With the achievements on ground, Deltans would re-elect him for a second term in 2027,” he declared.
