Former Speaker of the Abia State House of Assembly and the All Progressives Congress (APC) House of Representatives candidate for Ikwuano/Umuahia Federal Constituency, Rt. Hon. Chinedum Orji, has said President Bola Ahmed Tinubu’s fiscal reforms are laying the foundation for a more sustainable, tax-driven economy by reducing Nigeria’s long-standing dependence on crude oil revenues.

In a statement on Tuesday, Orji argued that the Tinubu administration inherited a fragile fiscal system built largely around crude oil earnings but has since embarked on reforms aimed at strengthening public finance through subsidy removal, improved tax administration and expansion of non-oil revenue sources.
According to him, rather than waiting for another oil price boom to rescue government finances, the administration chose to rebuild the country’s revenue framework.

“Rather than wait for another oil boom to bail out the treasury, his administration chose to rebuild the plumbing of public finance: tax administration, digital collection, and a non-oil base wide enough to stand on even when barrels wobble,” Orji wrote.

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