Reno Omokri has asserted that President Tinubu is the greatest President Nigeria has had since 1960, considering the tax reform bill that was signed into law by the president.
The President Bola Ahmed Tinubu signed into law the Nigeria Tax Act, 2025, alongside three associated bills: the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
Collectively known as the Tax Reform Bills, these landmark legislations are being hailed as a transformative step toward prosperity, equity, and social security in Nigeria, reminiscent of the regional autonomy that defined the pre-1966 First Republic.
The Tax Reform Act is poised to reshape Nigeria’s fiscal landscape by devolving tax revenues to states, fostering a competitive environment for revenue generation and development.
According to Reno Omokri, this reform positions President Tinubu as Nigeria’s greatest leader since independence in 1960.
“The Tax Reform Act is Tinubu’s crowning achievement,” Omokri stated, emphasizing its potential to restore the pre-January 15, 1966, era when regions controlled their resources and competed for progress.
The new law addresses long-standing inequities in Nigeria’s revenue-sharing system, where states contributing minimally to national revenue, such as those generating less than 1% of total Value Added Tax (VAT), often demand disproportionate shares.
Omokri criticized this practice, noting that some regions receive significant allocations—like ₦341.45 billion in VAT revenue—while contributing only ₦101.09 billion, yet still claim marginalization.
“In what other country would this behavior have been tolerated for so long?” he questioned.
Effective January 1, 2026, the Tax Reform Act introduces a new VAT distribution formula: 50% shared equally among states, 20% based on population, and 30% based on consumption.
This shift reduces the Federal Government’s share, allocating 15% to the Federal Government, 50% to states and the Federal Capital Territory, and 35% to local governments.
This redistribution empowers states and local governments, giving them greater control over resources and holding governors accountable for development outcomes.
“This reform ends the era where states rely on revenue generated elsewhere while contributing little,” Omokri argued.
“It forces states to widen their revenue bases, as the more you generate, the more you get.”
He contrasted this with the current system, set to expire on December 31, 2025, where high-generating states see their contributions redistributed disproportionately to others.
Omokri praised the leadership of President Tinubu and Senate President Godswill Akpabio, crediting them for delivering a policy that “changes Nigeria forever.”
He emphasized that the reform’s impact is irreversible, stating, “You cannot put that genie back into the bottle, no matter the outcome of any future election.”
The Tax Reform Act is expected to quadruple state revenues compared to allocations under former President Muhammadu Buhari, placing unprecedented pressure on governors to deliver tangible development.
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