Senate Committee Chairman on Privatisation, Senator Orji Uzor Kalu, has said the economic reforms of President Bola Ahmed Tinubu, and particularly, the landmark tax reforms bills, were necessary steps taken to yield positive results for transformative growth.
The ranking senator, representing Abia North Senatorial District in the National Assembly, explained that the revamping of the nation’s laws, some of which were over 100 years old, was imperative and inevitable.
He argued that some of the legislations were obsolete and ineffective to meet the expectations of the current global economic realities.
The former Abia State governor, according to a statement from his media office, stated these at the Igbere home of a former Abia governorship aspirant of the All Progressives Congress (APC), Chief Daniel Eke.
Speaking of the tax reform bills, Kalu commended Tinubu and described his move as a bold step.
He, nevertheless, advocated wider consultations, faulting its mode of introducing the proposed legislations to the National Assembly, because according to him, Nigerians were not sufficiently educated before the bills were introduced.
He said for Nigeria to make any meaningful progress like China, the 36 states must be made to compete among each other.
“Tinubu is a courageous leader, who took the bull by its horns. I’m not saying this out of sycophancy to gain any favours as you all know I’m an accomplished politician and business entrepreneur.
“We need to give the president a chance to carry out these reforms and the tax reform is not a bad bill, it is progressive but the problem is that Nigerians were not lectured enough and lack orientation about its many benefits.
“The Tax Reform Bills are not bad but we need to carry other regions along. The other regions need to be educated on what the Tax Bill is all about.”
Kalu admitted the sufferings of Nigerians and commended them for their patience, expressing optimism that 2025 would be a year of positive outcomes from the Tinubu-led government’s economic policies.
Sunday Aborisade, Dike Onwuamaeze and Ahmad Sorondinki
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