President Bola Tinubu says his administration’s economic reforms are deliberately designed to correct structural weaknesses, restore fairness in the system and rebuild public confidence in government institutions.
Tinubu spoke on Tuesday at the commissioning of the Nigeria Revenue Service (NRS) headquarters in Abuja, where he described the ongoing fiscal reforms as a “covenant” between government and citizens.
“We are here to mark a milestone in the Nigerian national journey a reaffirmation of our fiscal foundation and a rebuilding of confidence in public institutions,” the president said.
He stressed that no country can achieve sustainable prosperity without a strong and transparent economic system.
“No serious nation can achieve lasting prosperity on a weak and fragmented economic system,” Tinubu said. “No government can demand trust from its citizens when taxation is opaque, inefficient or unjust.”
The president explained that the administration had taken “bold decisions” to restructure the revenue system, eliminate distortions and create an investment-friendly environment anchored on transparency and fairness.
According to him, early outcomes of the reforms are already visible in improved fiscal stability, stronger foreign reserves and increased investor confidence.
“These gains are not incidental. They are the result of deliberate policy, sustained effort and the collective resolve to do what is right for the long-term prosperity of our nation,” he said.
Tinubu described the newly commissioned NRS headquarters as more than a physical structure, saying it symbolises a new standard of governance, efficiency and accountability.
The facility, which comprises 16 floors across three towers, is designed to accommodate over 3,000 staff and serve as the operational base of the reformed revenue system.
He noted that the restructured Nigeria Revenue Service now operates under an expanded mandate that includes coordination of non-tax revenues across federal agencies.
Tinubu said the new framework prioritises digital enforcement, data-driven compliance and a broader taxpayer base, marking a break from past inefficiencies.
“These are not incremental adjustments. They represent a deliberate rupture with a past defined by leakage, fragmentation and underperformance,” he said.
The president urged the agency to focus not only on revenue generation but also on trust-building and accountability.
“We must not only collect revenue; we must build trust. Government must be seen as fair, efficient and responsive,” he added.
Tinubu commended Nigerians for their resilience during the reform period and reiterated that the nation’s progress depends on collective resolve.
“We have chosen reform. We have chosen discipline. We have chosen progress,” he said before declaring the facility open.