By Charles Pemu 
President Bola Tinubu has defended his administration’s economic reforms, saying they are necessary to prevent Nigeria’s economy from collapsing—not to inflict hardship.
Speaking at the 55th Annual Conference of the Nigerian Institute of Estate Surveyors and Valuers (NIESV) in Abuja, Tinubu represented by Minister of Housing Ahmed Dangiwa—said the reforms are aimed at expanding the country’s revenue base and creating a more stable, investment-friendly environment.
“These reforms are bold and strategic,” Tinubu said. “They are designed to boost growth, create jobs, and ensure long-term stability.”
He noted the importance of real estate in the economic revival plan and pledged support for collaboration with the NIESV to improve tax administration.
Federal Inland Revenue Service Chairman, Dr. Zacch Adedeji, represented by Prof. Mohammed Salisu, highlighted issues in the real estate sector, including poor data and inconsistent valuation. He said the new Tax Administration Bill would improve efficiency and reduce multiple taxation.
NIESV President Victor Alonge said the conference would produce policy recommendations to guide government action on housing and land reforms.