President Bola Ahmed Tinubu on Tuesday declared that Nigeria cannot achieve lasting prosperity with a weak revenue system, as he inaugurated the new headquarters of the Nigeria Revenue Service in Abuja.
In a policy-driven address marked by strong economic undertones, Tinubu linked revenue generation directly to national security, governance, and public trust, insisting that strengthening the country’s financial base remains central to his administration’s agenda.
The President argued that the responsibility to improve security and support service commanders goes beyond politics, describing it as “both an economic and political effort” that requires sustained funding and institutional efficiency.
He warned that no government can demand trust from its citizens without transparency and accountability, stressing that his administration is determined to rebuild confidence in public institutions through deliberate reforms.
Tinubu said ongoing policies are targeted at creating a more investment-friendly environment, boosting exports, improving trade systems, and restoring investor confidence in Nigeria’s economy.
“Our direction is clear,” he said, noting that the government is committed to building a system that rewards enterprise, supports growth, and ensures fairness in revenue contribution.
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Describing the newly commissioned facility as more than just a physical structure, the President said it symbolizes a new era of professionalism, efficiency, and transparency in revenue administration.
According to him, the institution is expected to deliver a modern, responsive, and inclusive public service capable of earning the trust and respect of Nigerians.
Tinubu also acknowledged the resilience of citizens amid economic challenges, assuring that the reforms being implemented are designed for long-term national prosperity and not short-term gains.
He urged Nigerians to remain hopeful and united, calling for a collective commitment to rebuilding the country’s economic foundation and strengthening institutional integrity.
The inauguration comes amid ongoing fiscal reforms by the Federal Government aimed at expanding the tax base, improving revenue collection, and reducing dependence on volatile income sources.
Observers say the President’s remarks signal a renewed push to align Nigeria’s economic structure with global best practices, even as concerns persist over the impact of reforms on citizens’ cost of living.