Tinubu Urges Higher Tax Compliance to Fund Roads as Obi Demands Revenue Transparency

President Bola Tinubu has called on Nigerians and businesses to meet their tax obligations, stressing that sustainable infrastructure—including roads, bridges, schools and hospitals—depends on citizens’ contributions. Reacting to claims that federal revenue rose from ₦16.8 trillion in 2022 to ₦35 trillion in 2025, former Anambra governor Peter Obi questioned why economic hardship persists and noted that national debt has doubled to about ₦200 trillion in the same period. Central Bank of Nigeria surveys for May 2026 paint a mixed picture: the Business Confidence Index rose to 7.9 points, reflecting optimism about economic diversification, yet the Inflation Perception Index jumped to 44.8 points, with over 70 percent of respondents reporting high prices as a major concern.

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