INFLATION: I don’t believe in ‘price control’ – Tinubu tells citizens
The President has said he does not support price control as a means of bringing down food prices.
Tinubu, who spoke on Monday during the presidential media chat, said the forces of demand and supply would eventually force down the prices.
He added, “I don’t believe in price control. I’m sorry. What we have to do is to keep supplying the market.”
He also insisted that the tax reform of his administration has come to stay.
Read Also:
PRNigeria reports that the tax reform bills, which are before the National Assembly, have generated controversies and met push back especially from the Northern leaders, forcing the lawmakers to initiate consultation.
But Tinubu in his address said the reforms might not be embraced by everybody, but it was here to stay.
He said, “The tax reform is here to stay. The reform is pro-poor and it is to widen the tax net, so we can have more people paying.
“The hallmark of a good leader is the ability to do what you have to do at the time it ought to be done.”
Meanwhile, given the mounting opposition to the bills by some governors and senators, the President said he was open to negotiations on the issue.
“Tax matters are subjects of debates and negotiations. I don’t mind cutting edges. I will,” he added
