President Tinubu highlighted that the tax bills before the National Assembly aim to streamline the number of taxes, ease the burden on vulnerable Nigerians, increase the share of taxes going to the states and foster business growth through targeted incentives. He said the overall objectives of the reforms being implemented under the Renewed Hope Agenda, including subsidy removal, unification of multiple exchange rates, and tax restructuring, were well-thought-out, bold but necessary steps designed to free resources and redirect them toward economic growth, infrastructure development, and human capital advancement.