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Nigerians Can Breathe Easy As Federal Government Promises Tax Relief And Rejects New Tax Proposals
Nigerians Can Breathe Easy As Federal Government Promises Tax Relief And Rejects New Tax Proposals....KINDLY READ THE FULL STORY HERE▶
The Federal Government has ruled out the possibility of introducing any new taxes or raising existing tax rates for Nigerians.
Taiwo Oyedele, the Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, made this clear on Sunday evening through his X (formerly Twitter) account while responding to frequently asked questions about the Presidential Fiscal Policy and Tax Reforms Committee.
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Oyedele emphasized that the committee, under President Bola Ahmed Tinubu’s administration, is committed to reducing the financial burden on individuals and businesses. He stated, “We have no intentions of implementing fresh taxation measures or increasing current tax rates. Our primary goal is to streamline the existing array of taxes and levies while consolidating revenue collection to alleviate the burden on individuals and businesses.”
He further clarified that the objective is to avoid taxing investments, capital, production, or those living in poverty. The committee plans to comprehensively review and revise major tax laws to minimize the need for frequent changes through annual finance acts, as mentioned by Oyedele on the microblogging platform.
Additionally, Oyedele highlighted that the committee has devised strategies to boost revenue by leveraging technology instead of introducing new taxes, with the aim of achieving the 18 percent tax-to-GDP ratio mandated by the committee. He stated, “The average tax-to-GDP ratio for Africa, excluding Nigeria, stands at approximately 18%. This serves as the basis for our 18% target and the estimated N20 trillion tax gap. There is substantial potential to increase revenue by utilizing technology and tax intelligence to close this gap. We also plan to rationalize incentives, reduce collection costs, and optimize revenue from government assets and natural resources. This approach will enable us to generate more revenue without resorting to new taxes.”
Oyedele further emphasized that the committee’s mandate extends beyond the federal government, as it will collaborate with all levels of government to ensure effective cooperation in designing and implementing necessary fiscal policy changes and localizing reforms at the subnational level as needed.
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‘It Belongs To Babangida’ – Survivor Links Ex-Military Ruler To Controversial Niger Mining Site
A survivor of the incident involving the deaths of suspected illegal miners in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State has claimed that the mining site belongs to former military Head of State, General Ibrahim Badamasi Babangida (IBB).....KINDLY READ THE FULL STORY HERE▶
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The Allegation: The survivor, Malam Babawo Tudun Nasera—whose 17-year-old brother Salim was among the deceased—stated in a video that authorities wanted the miners to halt operations, but they continued working based on instructions allegedly given by Babangida.
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The Arrest and Detention: Nasera explained that the miners went to the site to earn a living to feed their families before NSCDC personnel arrested them and held them in custody for three days, allegedly refusing release efforts.
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Suspicious Circumstances: Raising questions about the sudden deaths, Nasera noted that the detainees had eaten well the day before, speculating that heat exposure or some form of administered substance may have been involved.
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Lack of Verification: It remains unverified whether Babangida personally owns the operation, holds a mining license, or owns the land, as the NSCDC maintains that the miners were operating illegally.
....KINDLY READ THE FULL STORY HERE▶
He brings more than a party membership card—he brings people, structure, credibility and a proven record of empowerment.
With 109,823 votes secured in 2023 and deep grassroots goodwill across Kwara Central, Senator Saliu Mustapha represents the kind of independent electoral strength President Bola Ahmed Tinubu needs within the Rainbow Coalition.
His mission is clear: Tinubu for a second term—and Saliu Mustapha for another term representing Kwara Central.
A participant of Pastor Jerry Eze’s popular online prayer broadcast, New Season Prophetic Prayers and Declarations (NSPPD), named Sandra Okpara, has taken to social media to appeal for help in recovering a mistaken bank transfer.....KINDLY READ THE FULL STORY HERE▶
In a viral video detailing the incident, Sandra explained that hours after participating in the morning service, taking communion, and paying her regular offering, she attempted to fund a voucher purchase by transferring N1,640,200 to her personal Zenith Bank account. Instead, the heavy sum was erroneously sent to the church account.
Making a public appeal to anyone with contacts at Streams of Joy International, the single mother of two stressed that the funds do not belong to her and that the rightful owners have already begun demanding the money.
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