PRESS RELEASE
June 28, 2025
Hon. Sola Olofin, Chairman, NSITF Management Board, Commends President Tinubu on Passage of Landmark Tax Reform Bills
The Chairman of the Management Board of the Nigeria Social Insurance Trust Fund (NSITF), Hon. Sola Olofin, has commended President Bola Ahmed Tinubu for the recent passage of the landmark tax reform bills, describing it as a bold step toward fiscal sustainability, inclusive growth, and national development.
In a statement released to the press, Hon. Olofin lauded the foresight and commitment of President Tinubu’s administration in pushing forward long-overdue reforms aimed at modernizing Nigeria’s tax system, improving revenue generation, and creating a more business-friendly environment.
> “This is a transformative milestone that will not only improve government efficiency and transparency but also stimulate economic activity, boost investor confidence, and ensure a fairer tax regime for Nigerians across all sectors,” he stated.
Hon. Olofin emphasized that the reforms are in line with the broader Renewed Hope Agenda, which seeks to reposition Nigeria as a globally competitive economy driven by innovation, entrepreneurship, and good governance.
He further noted that the NSITF, as a key agency in Nigeria’s social protection framework, stands ready to align its operations with the new tax policies and leverage the benefits of improved fiscal governance to enhance workers’ welfare and workplace safety.
> “President Tinubu has once again demonstrated his unwavering commitment to laying the foundation for a prosperous and economically secure Nigeria. These tax reforms will serve as a legacy of resilience, responsibility, and reform-minded leadership,” he concluded.
Hon. Olofin also commended the National Assembly for its collaborative spirit in passing the reform bills, urging continued synergy between the executive and legislative arms to sustain policy momentum and deliver lasting change to the Nigerian people.
