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Okonjo-Iweala Advocates For Tax and Levy Streamlining In Tinubu Government
Okonjo-Iweala Advocates For Tax and Levy Streamlining In Tinubu Government
Dr. Ngozi Okonjo-Iweala, Director General of the World Trade Organisation (WTO), has urged the Bola Tinubu-led federal government to streamline its taxes and levies to alleviate undue burdens on citizens. Speaking at a Women in Leadership Nigeria gathering in Abuja, hosted alongside the Duchess of Sussex, Meghan Markle, Okonjo-Iweala emphasized the importance of balancing revenue generation with the welfare of the populace.....KINDLY READ THE FULL STORY HERE▶
While acknowledging the necessity of higher taxes and levies to boost government revenue, Okonjo-Iweala underscored the need for careful consideration to prevent excessive financial strain on individuals. She stressed the significance of broadening the tax base while ensuring that imposed taxes and levies are equitable and do not disproportionately affect the citizenry.
Highlighting Nigeria’s low tax-to-Gross Domestic Product (GDP) ratio, currently standing at around seven per cent, Okonjo-Iweala emphasized the imperative of increasing this ratio. She advocated for strategic tax administration improvements and a concerted effort to expand the tax base to include more contributors.
Okonjo-Iweala emphasized the symbiotic relationship between taxation and public service delivery, noting that citizens are more likely to support taxation when they perceive tangible benefits. She emphasized the necessity for the government to offer quality services to taxpayers to justify their contributions.
In conclusion, Okonjo-Iweala reiterated the need for a balanced approach in tax policy formulation, emphasizing the importance of thoughtful consideration in determining which taxes and levies to implement. She underscored the critical role of taxation in revenue generation and urged the government to prioritize effective tax administration and equitable tax practices to ensure sustainable fiscal development.
Abia State Governor Alex Otti has strongly opposed any calls for the reinstatement of the petrol subsidy, asserting that government interventions should focus squarely on supporting production rather than consumption.....KINDLY READ THE FULL STORY HERE▶
Speaking during an Arise Television interview, Otti maintained that he has opposed the fuel subsidy for years, arguing that subsidizing consumption fosters waste, strains government finances, and encourages careless usage since consumers do not bear the full cost.
Key Highlights:
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Longstanding Stance: Otti revealed he had advocated for removing the fuel subsidy as far back as 2020 during the COVID-19 pandemic when plunging global crude oil demand presented a clear window to end the regime.
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Condemning the Return: Stating that the subsidy system was a scam prone to widespread abuse, Otti bluntly declared that anyone praying for its return does not mean well for Nigeria.
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Acknowledging Short-Term Pain: While recognizing that the removal—initially announced by President Bola Tinubu on May 29, 2023—has brought short-term economic hardship and higher transport costs, Otti insisted that scrapping it remains the correct policy for the nation’s future.
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“‘We’re Working Together’: Buba Galadima Exposes Secret Cabal Vowing To Send Tinubu Packing”.
Nigeria Democratic Congress (NDC) chieftain Buba Galadima has claimed that former Ekiti State Governor Kayode Fayemi is collaborating with a coalition of opposition figures to unseat President Bola Tinubu in the upcoming 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
Speaking on Channels Television’s Politics Today, Galadima expressed strong confidence that NDC presidential candidate Peter Obi would secure victory if the polls are free and fair. He revealed that he is part of a seven-member opposition group coordinated by Fayemi, stating that they are making steady progress toward their goal.
Key Highlights:
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The Core Objective: When pressed on the agenda of the group during the interview, Galadima stated plainly that their sole mission is “To defeat Tinubu”.
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Reactions and Skepticism: The claim sparked immediate public commentary, with Lere Olayinka, media aide to FCT Minister Nyesom Wike, taking to to express skepticism, stating he would only believe the assertion if Fayemi fails to publicly refute it.
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Broader Defection Rumors: Adding to the political intrigue, prominent businessman Isaac Fayose recently alleged that as many as five All Progressives Congress (APC) governors are secretly backing the NDC ahead of 2027.
Super Eagles captain Wilfred Ndidi has assured Nigerians that the team has learned hard lessons from their troubled 2026 World Cup qualifiers and will not repeat those mistakes as they kick off their 2027 Africa Cup of Nations (AFCON) campaign against Madagascar at 5:00 p.m. today at the Godswill Akpabio International Stadium in Uyo.....KINDLY READ THE FULL STORY HERE▶
Reflecting on past struggles, Ndidi emphasized that a strong opening performance is critical to establishing momentum in Group L.
Key Highlights:
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Lessons Learned: Acknowledging that their previous World Cup qualifying start was severely poor, Ndidi insisted that a focused Super Eagles squad is fully prepared to avoid a repeat.
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Focus on the First Game: Stressing that the opening fixture sets the tone for the entire tournament, the Leicester City midfielder noted that a victory today will provide vital confidence for upcoming fixtures.
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Historical Context: While Madagascar famously defeated the Super Eagles 2-0 during the 2019 AFCON group stage, Nigeria holds a superior historical edge in qualifying encounters, boasting three wins and a draw from four previous meetings.
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