Senator Solomon Adeola says Tinubu’s reforms have drawn over $40 billion in foreign investment and boosted GDP growth, thanks to new tax laws and investor-friendly policies.
Chairman of the Senate Appropriations Committee, Senator Solomon Adeola, says President Bola Tinubu’s economic reforms have attracted over $40 billion in foreign investment over two years.
In a statement issued Sunday by his Media Adviser, Kayode Odunaro, Adeola praised Tinubu’s recent assent to four tax reform laws, describing them as “historic” and vital to economic recovery.
“The signs of Nigeria’s economic recovery under President Tinubu’s leadership are clear and measurable,” he said. “GDP growth rebounded to 3.86%, national revenue increased to N21.6 trillion, and the budget deficit declined.”
He added that forex reforms, rising non-oil exports, and a N18 trillion trade surplus underscore renewed investor confidence.
The new laws – Nigeria Tax Act, Tax Administration Act, Revenue Service Act, and Joint Revenue Board Act – take effect from January 1, 2026.
Adeola said the legislation eliminates burdensome taxes, protects low-income earners, and simplifies compliance for small businesses while promoting transparency and inclusive growth.