Lagos, Nigeria – June 2025
Billionaire businessman and Chairman of Geregu Power Plc, Femi Otedola, has lauded the Federal Government’s recent tax reform initiatives, describing them as a major step toward improving Nigeria’s business climate and attracting long-term investments.
Reacting to the signing of the new tax laws by President Bola Ahmed Tinubu, Otedola stated that the move signals a serious commitment to fostering transparency, reducing bottlenecks, and stimulating private sector growth.
“I’m truly inspired to invest more,” Otedola declared on his official social media handle, noting that the reforms would enhance investor confidence and drive economic expansion.
The tax reforms, which include the enactment of four significant fiscal legislation, aim to simplify Nigeria’s tax code, eliminate multiple taxation, and promote compliance across sectors.
According to the government, the reforms are part of a broader strategy to create a more efficient, equitable, and investment-friendly tax regime capable of supporting national development goals.
Otedola’s endorsement of the reforms adds to a growing chorus of support from the business community, which sees the initiative as a crucial step toward rebuilding trust and attracting both local and foreign investments.
