latest
No Cause For Panic: Tinubu Assures Nigerians Over New Tax Laws.
President Bola Ahmed Tinubu has assured Nigerians that the new tax regime slated to commence in 2026 is designed to reduce the financial burden on the poor, low-income earners and small businesses, urging citizens not to panic over the reforms.....KINDLY READ THE FULL STORY HERE▶
According to Nivo News, the President gave the assurance on Tuesday, December 16, during the 8th Annual Senator Abiola Ajimobi Roundtable and the 76th posthumous birthday lecture of the late former Oyo State Governor, held at the University of Ibadan. The event was organised by the Senator Abiola Ajimobi Foundation in partnership with the Institute of Peace and Strategic Studies of the university.
Tinubu’s message, delivered by the Executive Chairman of the Federal Inland Revenue Service, Zaccheus Adedeji, highlighted that the administration’s recent economic reforms, though initially challenging, were already yielding positive outcomes. The President noted that investor confidence had improved, with key macroeconomic indicators showing signs of recovery.
He stated that economic growth was strengthening, inflation was easing, and improvements were being recorded in the fiscal deficit. Tinubu added that companies previously operating at a loss had returned to profitability, alongside better capacity utilisation and rising investment levels.
The President explained that Nigerians would begin to feel greater relief in the coming year with the implementation of the new tax laws. He said the reforms would exempt essential sectors such as food, medication, education, agriculture and shared transportation from heavy taxation, while also eliminating multiple taxes imposed on businesses.
Tinubu further reassured citizens that the new tax laws carried positive implications for vulnerable groups and small enterprises, stressing that there was no reason for fear as the policy would provide significant relief for low-income earners and stimulate business growth.
Paying tribute to the late Abiola Ajimobi, the President described him as a leader who prioritised long-term development, even when such decisions came with short-term discomfort. He said Ajimobi believed leadership required making tough choices that ultimately advanced societal progress, and praised his wife, Ambassador-designate Florence Ajimobi, for sustaining the family’s legacy.
In his remarks, Tinubu urged leaders and members of the All Progressives Congress in Oyo State to unite ahead of the 2027 general elections, describing party unity as the most fitting honour to the late statesman’s memory.
Oyo State Governor, Seyi Makinde, represented by his deputy, Bayo Lawal, described the roundtable as a meaningful platform to honour Ajimobi’s legacy while addressing critical issues affecting Nigeria’s democracy. He said the former governor’s contributions to governance left lessons beyond partisan lines and emphasised that trust in democracy could only be rebuilt through accountability, sincerity and inclusive governance.
Delivering the lead paper, former Chief of Staff to ex-President Muhammadu Buhari, Prof Ibrahim Gambari, identified political party reform as central to democratic renewal in Nigeria. He listed voter apathy, weak internal party democracy, institutional deficiencies, electoral violence, insecurity and trust deficits as major challenges undermining electoral credibility.
Earlier, the President of the Senator Abiola Ajimobi Foundation, Florence Ajimobi, commended Tinubu for his continued support and loyalty to the late statesman, describing his consistent participation in the annual event as a reflection of shared values in good governance and democratic commitment. The event was attended by top government officials, traditional rulers, community leaders and students.
latest
Isaac Fayose Sends Fresh Message To Sowore After Ekiti Attack, Urges Him To Join Peter Obi
Isaac Fayose, younger brother of former Ekiti State Governor Ayo Fayose, has called on African Action Congress (AAC) presidential candidate Omoyele Sowore to join forces with Peter Obi and other opposition leaders ahead of the 2027 general election.....KINDLY READ THE FULL STORY HERE▶
Fayose argued that Sowore could not effectively challenge the government on his own, urging opposition figures to set aside their political differences and work together.
He made the appeal while reacting to the attack on Sowore in Ado-Ekiti, Ekiti State.
In a video posted on his verified Facebook page on Friday, Fayose condemned the incident and warned that it highlighted the risks opposition figures could face in the country.
The social media critic said other opposition leaders could experience similar attacks if they failed to unite against the government.
“Sowore, you can’t fight alone. You need to unite with Peter Obi and other opposition figures. What happened to you in Ekiti can happen to anyone. This government does not want opposition,” Fayose said.
The businessman also urged security agencies to identify and arrest those responsible for the attack, insisting that they must face justice.
Recall that Sowore had accused the Ekiti State Police Command and the Department of State Services (DSS) of removing CCTV footage showing the attack on him in Ado-Ekiti.
The AAC presidential candidate alleged that the removal of the footage was an attempt to conceal evidence of the incident and shield those responsible.
latest
‘Voice Of Jacob, Hand Of Esau’ – Reuben Abati Raises Alarm Over Speculations In Uzodinma’s Court Case
Former presidential aide, Reuben Abati, has questioned whether the circumstances surrounding the court judgment that nullified Imo State Governor Hope Uzodimma’s candidacy for the Imo West Senatorial District election reflected what some have described as the “voice of Jacob and the hand of Esau”.....KINDLY READ THE FULL STORY HERE▶
Speaking on Arise Television’s Morning Show on Friday, Abati examined the controversy surrounding the ruling and warned against making unsubstantiated claims about possible external influence on the judiciary.
The former presidential aide stressed that the legal battle was not yet over, pointing to the Imo State chapter of the All Progressives Congress (APC), which rejected the judgment and indicated its intention to challenge the decision at the Court of Appeal.
Abati explained that the Imo APC had raised constitutional concerns relating to Section 285, particularly the provision stipulating that pre-election cases must be instituted within 14 days.
According to him, the party argued that Senator Rochas Okorocha, who challenged Uzodimma’s candidacy, failed to file the case within the constitutionally prescribed period.
He noted that the Court of Appeal would have the opportunity to review issues surrounding the procedure, timing, technicalities and evidence presented before the lower court.
Abati maintained that the legal questions raised by the Imo APC should be resolved through the appellate process rather than through speculation about the circumstances surrounding the judgment.
He said, “So the matter is not ended yet. They will go to the Appeal Court, and then, the Appeal Court will be able to look at the issues either about procedure, about timing, about technicality, about evidence, how evidence was filed, and whether the procedure should have been originating summons or another thing.
“That’s the purpose of an Appeal Court.
“Finally on that subject is the fact this is the voice of Jacob and the hand Esau, without putting on the table the implications of that caveat, because I’ve seen some people saying there are questions to be raised about some people having powers over the judiciary. But we cannot speculate in that regard.”
latest
Pat Utomi Drops Details Of Peter Obi’s Strategy To Bring Down Food Prices.
A chieftain of the Nigeria Democratic Congress (NDC), Pat Utomi, has said the party’s presidential candidate, Peter Obi, plans to strengthen the naira to ₦500 against the US dollar if elected president.....KINDLY READ THE FULL STORY HERE▶
As of Friday, the naira traded at ₦1,346.86 per dollar on the official Nigerian Foreign Exchange Market (NFEM), while the dollar exchanged for approximately ₦1,385 in the parallel market.
In a post on X, Utomi explained that strengthening the naira from about ₦1,350 to ₦500 per dollar would help tackle inflation, reduce poverty and improve Nigerians’ purchasing power.
He described the proposed exchange rate as a key component of Obi’s economic agenda ahead of the 2027 presidential election.
Utomi projected that the price of a loaf of sliced bread could fall from ₦1,750 to ₦800, while a 50kg bag of imported rice could drop from ₦55,000 to ₦27,500.
He further estimated that a medium-sized tuber of yam could decline from ₦2,400 to ₦1,200, while a 50kg bag of maize could reduce from ₦75,000 to ₦37,500.
According to him, the price of a bunch of plantain could also fall from ₦2,500 to ₦1,250, while a whole chicken could become cheaper, dropping from ₦7,000 to ₦3,500.
The NDC chieftain also listed petrol and cement among the commodities expected to become more affordable under the proposed economic programme.
Utomi said the party was convinced that targeting a strategic appreciation of the exchange rate by strengthening the naira from ₦1,350 to ₦500 per dollar would be a winning strategy.
“We are convinced that targeting a strategic appreciation of the exchange rate by reasonably strengthening it from ₦1,350/$ to ₦500/$ as part of our manifesto is a winning strategy.
“It offers a direct, multi-faceted approach to curbing inflation, reducing poverty, and lowering the cost of living,” he said.
He added that the proposal reflects the party’s commitment to improving the living conditions of Nigerians, particularly those affected by multidimensional poverty.
“It clearly demonstrates our concrete plan to uplift the 140 million Nigerians currently experiencing multi-dimensional poverty,” he said.
-
latest1 year ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest3 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment3 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest3 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest3 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest3 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp
