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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?

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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.

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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.

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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.

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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.

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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.

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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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Wizkid: He Cannot Measure Up To Fela Even If He Were To Live Ten Times – Ojudu.

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Former presidential aide Babafemi Ojudu has strongly criticized a Nigerian musician for comparing himself to the late Afrobeats legend, Fela Anikulapo-Kuti.....KINDLY READ THE FULL STORY HERE▶

Naija News reports that Wizkid recently clashed online with Seun Kuti, Fela’s son, claiming he was greater than the Afrobeat pioneer.

In a detailed Facebook post on Wednesday, Ojudu described Fela as an unparalleled cultural and musical icon whose influence transcends generations.

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“Is it true that a Nigerian youngster said he is greater than Fela? I sincerely hope he was misquoted,” Ojudu wrote. “Even if he were to live ten lifetimes, his art and his life could not measure up to Fela Anikulapo-Kuti.”

Ojudu highlighted Fela’s monumental contributions to music, activism, and African consciousness, calling him “a movement, a conscience, a revolution in human form.”

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“Fela was not just a musician; he was a movement, a conscience, a revolution in human form. His music gave birth to Afrobeat—a genre now studied in universities worldwide, sampled by global superstars, and performed on the world’s greatest stages,” he added.

The former aide praised Fela’s courage and originality, emphasizing how his music challenged oppression and corruption during Nigeria’s military era.

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“Fela stood alone, fearless in the face of military dictatorships, unapologetic in resisting oppression. He used his music as a weapon against injustice, corruption, colonial mentality, and state violence. He was arrested over 200 times, brutalized, imprisoned, tortured, exiled, and silenced, yet never broken,” Ojudu said.

He also recalled the personal sacrifices Fela endured, including the murder of his mother, the burning of his home—the Kalakuta Republic—and the seizure of his property, yet he remained defiant.

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“His mother was murdered by the state. His house was burned to the ground. His property seized. He was flogged, beaten, and jailed from Alagbon to Panti, hounded by police and soldiers alike. Yet after every assault, Fela returned with sharper lyrics, deeper rhythms, and more defiant truth,” Ojudu wrote.

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In a sharp warning, he said anyone daring to compare themselves to Fela “must first walk the corridors of Nigerian jailhouses” and endure the persecution Fela faced.

“For any young person, musician or not, to compare himself to Fela, he must first experience police cells and military tribunals, lose everything, go into exile, and still return with his creative spirit intact,” Ojudu said.

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He underscored Fela’s enduring legacy as “a multi-instrumentalist, composer, bandleader, philosopher, and cultural theorist” whose influence remains global.

“Fela did not chase acceptance. The world came to him,” he added.

Concluding, Ojudu dismissed Wizkid’s claim as unworthy of attention.

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“So, whoever made such a claim should simply be ignored. He may be one of those who would flee the country the moment the police knock once on his car window in Ojuelegba. Fela did not run. Fela stood. Fela fought. And Fela remains immortal. Anikulapo, the man who carried death in his pouch,” Ojudu wrote.

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“FCT Council Polls: Court Confirms INEC’s Decision To Bar Labour Party”.

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The Federal High Court in Abuja has upheld the exclusion of Labour Party (LP) candidates from the upcoming Area Council elections in the Federal Capital Territory, scheduled for February 21.....KINDLY READ THE FULL STORY HERE▶

Delivering judgment on Wednesday, Justice Peter Lifu refused to compel the Independent National Electoral Commission (INEC) to accept or publish the list of candidates submitted by the Labour Party.

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The court dismissed the suit, filed by the Labour Party and its candidates against INEC under case number FHC/ABJ/CS/2110/2025, on the grounds that it was statute-barred.

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Justice Lifu noted that the matter was a pre-election dispute under the 1999 Constitution (as amended) and was not filed within the legally required timeframe. While the Labour Party filed the suit on October 7, 2025, the cause of action—the exclusion of its candidates by INEC—occurred on October 22, 2025.

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The judge referenced Section 285(14)(c) of the Constitution, which requires pre-election suits to be filed within 14 days of the cause of action. “Having not been filed within the statutory period, this court no longer has the jurisdiction to entertain the matter,” he ruled.

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Justice Lifu also noted that a similar case involving the same parties was pending before a High Court in Nasarawa State, which he said suggested forum shopping and further weakened the Labour Party’s position.

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The Labour Party had argued that INEC acted unlawfully by excluding its candidates and omitting its logo from the list of participating parties, despite sending letters to the INEC Chairman on September 8 and October 2, 2025, which went unanswered. The party maintained that without court intervention, it would be unfairly denied the chance to field candidates in the FCT council elections.

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However, the court rejected all reliefs sought by the LP and dismissed the case entirely.

INEC’s decision to exclude Labour Party candidates was influenced by the ongoing leadership crisis within the party, which prevented the electoral body from recognising the list of candidates submitted by its rival factions.

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Ex-Army General Reveals How ‘Boko Haram Leader’ And Terror Funding Suspects Were Freed.

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A retired Nigerian Army Major General, Danjuma Hamisu Ali-Keffi, has urged a thorough investigation into the release of 48 terrorism financing suspects, including a man identified by foreign intelligence agencies as a top Boko Haram leader, who were previously held by the military.....KINDLY READ THE FULL STORY HERE▶

Ali-Keffi, who in October 2020 was appointed by former President Muhammadu Buhari to lead the covert Operation Service Wide (OSW), described the circumstances surrounding their release as a major national security concern. OSW, which included personnel from the military, intelligence agencies, and legal officers from the Attorney-General’s office, was tasked with investigating terrorism financiers and collaborators.

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In an interview with SaharaReporters, Ali-Keffi revealed that the task force collaborated with 33 countries, including the US, UK, and the EU, through the Nigerian Financial Intelligence Unit (NFIU). He alleged that the National Assembly failed to investigate the matter due to compromises involving a former Army chief.

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According to Ali-Keffi, OSW had arrested 48 individuals tied to terrorism financing, including a principal Boko Haram leader as identified by Western and Middle Eastern intelligence agencies. He claimed that substantial counterterrorism funds were diverted to prominent military and government officials, including some National Assembly members, and suggested that putting the suspects on trial would have exposed this misappropriation.

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Ali-Keffi further alleged that some of the suspects operated Bureau De Change firms as fronts to launder funds both for officials and Boko Haram operations. He specifically questioned the release of Hima Abubakar, whose $600 million offshore account was traced by the NFIU.

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“Who ordered the release of these 48 terror financing suspects? Why were they freed without trial? And why did the government request the US to unfreeze Abubakar’s $600 million account despite prior indictments by the Committee on Defence and Arms Procurement (CADEP)?” he asked.

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He also condemned the release of Alhaji Saidu Ahmed, aka Saidu Gold, identified as a top Boko Haram leader, despite intelligence linking him to recruits later jailed in Dubai for terrorism.

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Ali-Keffi recalled that the late Chief of Army Staff, Lt-Gen. Ibrahim Attahiru, had started a forensic audit into counterterrorism funds and unfinished procurement projects but died days before acting on the findings, which he claimed were suppressed.

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He called for a full-scale investigation into terrorism financing and the handling of counterterrorism funds, warning that a public release of OSW’s findings would implicate many military and government officials, including lawmakers.

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