The All Progressives Congress in Lagos State has commended President Bola Tinubu’s fiscal policies, stating that they are rebuilding Nigeria’s economy “brick by brick.” The party praised the leadership of the Federal Inland Revenue Service under Tinubu’s administration, citing its reform-driven approach as a key factor in the country’s resilience amidst global economic disruptions.

According to Mogaji Seye Oladejo, the party’s spokesman, Nigeria’s ability to withstand economic challenges is a result of deliberate financial engineering, sound policy, strategic management, and disciplined revenue administration. The transformation of the Federal Inland Revenue Service is seen as a prime example of how institutional reforms can drive nation-building when anchored on competence and integrity.

The Renewed Hope Agenda, introduced by President Tinubu, prioritizes revenue stability as the foundation for national sovereignty. By reforming the tax system and enforcing fiscal discipline across all tiers of government, the administration aims to break the cycle of borrowing and dependency. The reforms have led to increased revenue, which is being reinvested in critical sectors such as infrastructure, education, healthcare, security, and social investment programs.

The ultimate goal of the Renewed Hope vision is to create a self-sufficient nation that generates wealth from within and empowers its citizens. This approach is expected to have a positive impact on the country’s economic development and stability. As the administration continues to implement its fiscal policies, it is likely that Nigeria will experience significant economic growth and improvement in the standard of living of its citizens.

The Federal Inland Revenue Service’s reforms are a crucial aspect of the administration’s economic strategy, and their success will be closely monitored by stakeholders. The ability of the government to effectively manage revenue and allocate resources will be essential in achieving the goals of the Renewed Hope Agenda. With the ongoing transformation of the tax system and the commitment to fiscal discipline, Nigeria is poised to make significant progress in its economic development.