Politics
Just In: Governor Sanwo-Olu Call On Committee To Unlock Lagos Revenue Potential (Details)
Lagos State Governor, Babajide Sanwo-Olu, has expressed concern over the sluggish growth of tax revenue for the state government, attributing it to limitations in existing tax laws. He emphasized the potential for expanding the tax base and improving collection efficiency, highlighting the untapped capacity to fully optimize tax resources…..CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
During a meeting with the Presidential Committee on Fiscal Policy and Tax Reforms, led by Chairman Taiwo Oyedele, Governor Sanwo-Olu acknowledged the need for the state to enhance its revenue generation and utilization capabilities. He stressed that despite the ambitious budget projections, the state was constrained by its current revenue generation, pegged at N2.2 trillion against the identified needs of N7 trillion.
Sanwo-Olu urged the committee to focus on practical solutions, identifying and eliminating tax-related challenges faced by sub-national governments. He emphasized the importance of collaborative efforts to address constraints, expressing confidence in achieving significant changes in revenue projections through the right interventions.
Chairman Oyedele acknowledged Lagos as the committee’s first stop in nationwide consultations, praising the state’s tax reform achievements as a model for others. He highlighted the urgent need for Nigeria to tackle revenue issues, emphasizing the importance of establishing a robust tax system and improving the quality of spending.
Oyedele emphasized the necessity of a transformative shift in spending quality, noting that celebrating incremental progress in revenue generation was no longer sufficient. He called for attention to be given to both revenue generation and the transformation of spending practices, highlighting the low spending on the GDP ratio as an area requiring immediate attention.
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Case Adjournment: The Court of Appeal in Abuja has postponed the hearing of an appeal regarding the potential deregistration of the African Democratic Congress (ADC), Accord Party, and three other political parties until July 7.....KINDLY READ THE FULL STORY HERE▶
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Procedural Delay: The court moved the hearing date from June 25 to allow the involved parties sufficient time to file and exchange their briefs of argument.
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Reasoning for New Date: Although Accord Party counsel, Musibau Adetunbi (SAN), requested a three-day window to file, Justice Abubakar Mohammed explained that the panel’s upcoming official commitments necessitated selecting July 7 as the earliest available date.
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Background of the Dispute: The appeal follows a Federal High Court ruling by Justice Peter Lifu, which ordered the Independent National Electoral Commission (INEC) to deregister the ADC, Accord Party, Action Peoples Party (APP), Action Alliance (AA), and Zenith Labour Party (ZLP) for allegedly failing to meet constitutional performance benchmarks.
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INEC’s Position: INEC has challenged this deregistration order, arguing that these parties met the necessary constitutional thresholds by securing elective positions in previous elections and providing certificates of return as evidence.
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Stay of Execution: On June 16, the Court of Appeal previously ordered a stay of execution on the Federal High Court’s judgment, preventing INEC from proceeding with the deregistration until the current appeal is decided.
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Procedural Criticism: The appellate court had previously criticized Justice Lifu for ignoring an earlier order to suspend proceedings, noting that such an action undermined the established hierarchy of the courts.
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Origin of the Suit: The original legal challenge was filed by the National Forum of Former Legislators, who argued that these specific parties failed to meet the electoral performance standards required by the 1999 Constitution and the 2022 Electoral Act.
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Wike’s Claims on Infrastructure: FCT Minister Nyesom Wike stated that the African Democratic Congress (ADC) factional National Chairman, David Mark, is currently experiencing the benefits of the Tinubu administration’s infrastructure projects.....KINDLY READ THE FULL STORY HERE▶
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Event Context: These remarks were made by Wike on Thursday during the commissioning of the Arterial Road N16–Ring Road III Intersection, which connects the Jahi and Gwarimpa districts. This project was part of a series of initiatives marked to celebrate President Tinubu’s third anniversary in office.
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Travel Improvements: Wike alleged that during his eight years as Senate President, David Mark was forced to travel by helicopter between Abuja and his hometown due to the poor condition of the roads.
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Assessing Current Progress: The Minister asserted that, thanks to road projects completed by the current administration over the last three years, it is now possible to drive safely to Makurdi.
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Call for Political Honesty: Wike suggested that despite political differences, there should be an acknowledgement of the government’s accomplishments in road development, urging critics to recognize the progress made.
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Administration’s Inclusivity: FCT Minister Nyesom Wike emphasized that the Tinubu administration operates without political bias, prioritizing service to all Nigerians regardless of party affiliation.....KINDLY READ THE FULL STORY HERE▶
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Context of Remarks: Wike shared these sentiments during the official unveiling of the Jahi-Gwarimpa interchange (the Arterial Road N16–Ring Road III intersection).
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Bipartisan Governance: To highlight this non-discriminatory approach, Wike revealed he recently signed a Certificate of Occupancy (CofO) for David Mark, the National Chairman of the ADC, to facilitate his official duties.
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Critique of Past Leadership: During his speech, the Minister contrasted the current administration’s project delivery with the tenure of former Senate President David Mark, noting a lack of FCT project commissions during Mark’s eight years in that role.
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Ease of Doing Business: Wike pointed to data on land administration, noting that while fewer than 4,000 CofOs were signed between 2010 and 2023, the current administration has signed over 25,000 in just three years, showcasing an improved climate for business and economic activity.
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