Femi Otedola, chairman of First HoldCo, says he is inspired to invest more with the new tax reform laws.
President Bola Tinubu had recently signed the four tax reform bills into law.
The legislations are expected to take effect from January 1, 2026, restoring fairness in the tax system, and igniting inclusive economic growth.
In an X post on Friday, Otedola welcomed the development, saying the laws will restore confidence in how revenues are collected and used.
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“As a business leader, I welcome the signing of the tax reform bills into law by His Excellency, President Bola Ahmed Tinubu,” the chairman said.
“The new tax reform laws are a bold, necessary step toward a more transparent, efficient, and investment-friendly economy.
“These reforms will reduce complexity, promote fairness, and restore confidence in how revenues are collected and used.
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“It’s not just about paying taxes. It’s about building a system where taxes and other public resources fund infrastructure, unlock productivity, and fuel inclusive growth.”
This is how a stronger private sector and a more prosperous Nigeria can be built, the billionaire said.
“Kudos to everyone who contributed to this landmark achievement for Nigeria,” he added.
Otedola said he is inspired to invest more, adding that “many other investors share the same sentiment”.
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