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Advocating For The Poor: SECCIMA President Ngonadi Calls For Tax Policy Adjustment By Government

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Advocating For The Poor: SECCIMA President Ngonadi Calls For Tax Policy Adjustment By Government....KINDLY READ THE FULL STORY HERE▶

We express our gratitude to God for His mercies. In general, it is evident that we have not yet reached a point where every Nigerian can breathe a sigh of relief.

How has the persistent devaluation of the naira impacted businesses in the Southeast?

The devaluation of the naira is not confined to the Southeast alone; it affects the entire nation. As the naira continues to devalue, its purchasing power weakens, leading to increased costs for commodities, including raw materials. What could be purchased for N200 in 2021 now costs as much as N1,500 today. A bag of rice is being sold for prices ranging from N32,000 to N56,000, while a bag of cement costs N5,000. Currently, the exchange rate in the parallel market stands at an alleged N950 per US dollar. Inflation is on the rise, causing hardships for businesses, the underprivileged, and the general population.

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The removal of oil subsidies has resulted in significant price hikes for petroleum products and other goods. How has this affected your operations in the manufacturing industry?

The removal of oil subsidies may align with the government’s fiscal needs, but it ought to have been a subject of discussion with stakeholders. As it stands, the sudden removal of oil subsidies has adversely affected everyone, especially the less fortunate. The prices of essential goods have surged beyond the means of ordinary Nigerians. Recently, petrol prices have fluctuated between N620 and N700 per litre, depending on one’s location in the country.

Inadequate power supply remains a major obstacle for industries across the nation. How has this challenge impacted your business?

For a long time, we have relied on generators to power our production machinery due to inconsistent power supply. We purchase diesel at prevailing market rates, incurring significant expenses. Consequently, when considering production costs, the prices of our products have had to increase. Some industries, airlines, pharmaceutical companies, and others have been forced to shut down due to soaring production costs. Some have downsized their workforce, while others struggle to pay their employees.

Critics blame the government for the naira’s instability and poor resource management. What is your perspective on this issue?

Economic and business growth thrive in a stable currency environment with affordable production factors. In a nation with an unstable currency, it’s impossible to talk about economic or business growth. Naira devaluation weakens the currency, reducing its purchasing power and driving up the costs of industrial production materials.

Furthermore, poor resource management leads to poverty, especially when government policies favor a select few wealthy individuals. To stimulate economic and business growth, the government should prioritize stabilizing the naira and implementing policies that support the impoverished.

There have been concerns about the government’s increasing borrowing and debt burden. What is your take on this matter?

Borrowing is a common practice worldwide, usually done for specific purposes and with a plan for repayment, including interest. Governments borrow to address their financial challenges, but continuous borrowing without repayment increases the debt burden. Borrowed funds should be invested in projects, industrial development, and other profitable ventures to generate income and facilitate timely repayment. No country can sustain itself solely through borrowing.

The Central Bank’s cashless policy and naira swap faced significant challenges. How do you believe this policy should be managed?

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The cashless policy had a substantial impact on everyone, leading to cash shortages and long queues at banks. Such important policies, including the removal of fuel subsidies, should not be rushed but should involve consultations with stakeholders to avoid negative consequences. The policy should primarily apply to large-scale businesses and multinationals engaged in extensive monetary and financial transactions. Petty traders, hawkers, and small-scale farmers, among others, should be exempt from the policy.

The taxation policy in the country, particularly in the Southeast, has faced criticism. President Tinubu has established a fiscal policy and tax reform committee. What are your thoughts on this?

Taxes are a legitimate source of government revenue, but concerns exist about excessive taxation and multiple levies. The increase in value-added tax (VAT) to 7.5% from 5.2% during President Muhammadu Buhari’s administration for certain products has faced criticism. In the Southeast, toll gates impose substantial costs on transporting goods from Onitsha to Aba. Even small-scale operators like motorcycle riders, cart pushers, groundnut vendors, vegetable sellers, and street traders are subjected to taxes and levies. It is troubling that those collecting these levies from the less privileged are often well-off individuals with cars and comfortable lifestyles. There is a need to review the tax policy to alleviate the burden on the poor and exclude them from taxation.

Additionally, the government should focus on industrialization in the Southeast to create employment opportunities for the eligible population. As a governmental institution, it should continue to take the necessary steps to improve the well-being of the people.

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Benue Politics: Suswam Declares Alia Supreme Amid Akume Power Speculation

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Former Benue State Governor, Gabriel Suswam, has declared that Governor Hyacinth Alia remains the political leader of Benue State, stressing that all political actors in the state are seeking his support.....KINDLY READ THE FULL STORY HERE▶

Suswam made the remarks during an appearance on Arise Television’s Morning Show, where he dismissed reports suggesting a rift between Governor Alia, the Secretary to the Government of the Federation, George Akume, and other stakeholders of the All Progressives Congress (APC) in Benue State.

According to Suswam, both Alia and Akume have resolved their differences following a major reconciliation meeting involving APC stakeholders at the Benue State Government House in Makurdi.

“The governor is currently the political father of the state, so everyone must seek his support,” Suswam stated.

“All of us are seeking the governor’s support, and I thank God that I emerged victorious in the nomination process.”

He explained that the reconciliation process was facilitated by President Bola Tinubu, who reportedly encouraged APC leaders in Benue to unite.

“A few weeks ago, under the directive of Mr President, all of us in Benue, including the governor, the SGF, and APC stakeholders, gathered at the Government House for a reconciliation meeting,” he said.

“It was a very successful meeting, and at the end of it, both the governor and the SGF publicly confirmed that reconciliation had taken place.”

Suswam insisted that there is no division within the APC in Benue State.

“As far as I know and I’m concerned, there is no divide in Benue,” he added.

Speaking on his victory at the APC senatorial primary, Suswam also rejected claims that he belongs to any faction within the party in the state.

“I contested and won under the platform of the APC, not under the platform of either the SGF or the governor,” he stated.

Recall that Suswam won the APC senatorial primary for Benue North East (Zone A) after polling 131,083 votes.

He defeated the incumbent senator, Emmanuel Udende, during the keenly contested exercise held across the seven local government areas of Katsina-Ala, Logo, Ukum, Konshisha, Vandeikya, Kwande, and Ushongo.

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2027 Tension: Kolade-Otitoju Challenges Makinde Over Missing PDP Presidential Form

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Media personality Babajide Kolade-Otitoju has claimed that Oyo State Governor, Seyi Makinde, chose not to obtain the Peoples Democratic Party (PDP) presidential nomination form because he understands he may not eventually make it onto the ballot without aligning with the Allied Peoples Movement (APM).....KINDLY READ THE FULL STORY HERE▶

Kolade-Otitoju made the remarks on Thursday while speaking during a programme on TVC Communications.

He also questioned why Governor Makinde and Bauchi State Governor, Bala Mohammed, did not purchase presidential nomination forms from the Taminu Turaki-led PDP faction.

According to him, Makinde is aware that remaining outside the APM could affect his chances of appearing on the ballot.

“Why did Makinde and his Bauchi State counterpart, Bala Mohammed, not obtain presidential forms from the Taminu Turaki-led Peoples Democratic Party?” he queried.

‘No Merger Without INEC’

Kolade-Otitoju further downplayed ongoing discussions about a political merger, insisting that no legitimate merger can happen without the involvement of the Independent National Electoral Commission (INEC).

“Forget all the noise about the merger, you can’t do a merger without the regulator, INEC,” he said.

He compared the current political situation with the process that led to the formation of the All Progressives Congress (APC) in 2013, noting that the circumstances were entirely different.

“APC emerged through a merger around 2013, but not in this manner. An individual cannot simply rise after losing out in a political power struggle and then declare that there is a merger,” he added.

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Tinubu Names New JAMB Registrar In Major Shake-Up Of Education Sector.

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President Bola Tinubu has approved the appointment of Professor Segun Aina as the new Registrar of the Joint Admissions and Matriculation Board (JAMB).....KINDLY READ THE FULL STORY HERE▶

Professor Aina will take over from Is-haq Oloyede, whose second tenure as JAMB Registrar is expected to end on July 31, 2026.

The appointment was disclosed in a statement issued on Thursday by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

According to Onanuga, President Tinubu is confident that Aina will leverage his wealth of experience, expertise, and deep understanding of JAMB’s operations to further strengthen and advance the examination body beyond the achievements recorded under Oloyede’s leadership.

Naija News gathered that Aina, who turns 40 in July, is a renowned academic and systems specialist with vast experience in examination administration, digital infrastructure, and reforms within public institutions.

Profile Of Professor Aina

Professor Aina earned a Bachelor of Engineering degree in Computer Systems Engineering from the University of Kent. He also obtained an MSc in Internet Computing and Network Security, alongside a PhD in Digital Signal Processing, from Loughborough University. In addition, he completed the Senior Management Programme at Lagos Business School.

Currently a Professor of Computer Engineering at Obafemi Awolowo University, Aina first worked with JAMB during his National Youth Service, where he gained valuable experience in admissions processing and data-based institutional operations. The experience reportedly shaped his continued contributions to examination reforms and systems improvement.

With more than 15 years of post-graduation experience, Aina has built a career around technology, governance, and institutional transformation, advising both federal and state governments on digital transition, system development, and operational reforms.

At age 39, he became one of Nigeria’s youngest professors in Computer Engineering and is now set to become the youngest Registrar in JAMB’s history.

Professor Aina has also consulted for major examination agencies, including National Examinations Council (NECO), National Business and Technical Examinations Board (NABTEB), as well as several state ministries of education, offering expertise in ICT systems, examination security, and digital process enhancement.

He is a member of several professional organisations, including the Council for the Regulation of Engineering in Nigeria (COREN), the Nigerian Society of Engineers (NSE), the Institute of Electrical and Electronics Engineers (IEEE), and the Institution of Engineering and Technology (IET).

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