Deputy Spokesman for the House of Representatives, Rep. Philip Agbese (APC-Benue), says the house is set to commence debate on the four tax reforms bills initiated by President Bola Tinubu. Agbese told newsmen in Abuja on a Saturday that members of the house had taken time to read through...
National Assembly
By SADIQ ABUBAKAR, Maiduguri – A non-political Group under the umbrella of Southern Borno Concerned Citizens (SBCCs) has expressed shock and displeasure over the position of Senator Mohammed Monguno (APC Borno North) for endorsing the controversial Tax Reform Bills sent to the National Assembly by President Bola Tinubu. It...
Senator Ali Ndume has reiterated his opposition to the tax reform bills, saying that the hurry by the Presidency and some lawmakers to pass the bills looks suspicious. The tax reform bills which passed for second reading at the Senate on Thursday have raised a lot of controversies since...
By SADIQ ABUBAKAR, Maiduguri – Senator Mohammed Ali Ndume (APC Borno South) has bagged ‘The Sun Newspaper Courage in Leadership 2024’ by standing and always defending the plights of Nigerian Masses, especially his constituents at the National Assembly. Recall that even at the last Wednesday Plenary presided over by...
The Senate, on Thursday, resumed its debate on the Tax Reform Bills. The bills are a set of four legislative proposals to increase Value-Added Tax (VAT) distributable to the sub national governments to 55 per cent while reducing the federal government’s share to 10 per cent. These far-reaching initiatives...
I have read a ton of views on the proposed Nigeria Tax Administration and other tax reform bills. On one hand, some stakeholders decry the bills as being a contrast to the current administration’s championing for local government autonomy. Some, like the National Economic Council (NEC), last month recommended...
By PATRICK ABANG, Calabar – The Special Adviser to Governor Bassey Otu on Local Content, Ambassador Caleb Awatt has called for accelerated implementation of the Nigeria Local Content Act in Cross River State. Ambassador Awatt made the call during a one day stakeholders engagement and sensitization seminar themed: “Acceleration...
A Development Consultant and Public Affairs Analyst, Mr Jide Ojo, has said six-year single tenure and rotational presidency will not solve the challenges currently confronting Nigeria. Ojo states this on Sunday in Abuja in an interview with the News Agency of Nigeria (NAN), while reacting to the rejection of...
President Bola Tinubu has written to the National Assembly, seeking approval of a fresh N1.767tn as a new external borrowing plan in the 2024 appropriation act. If approved, the loan will be used to part-finance the budget deficit of N9.7tn for the 2024 budget. The president’s request was read...
The leader of the Northern Regional Caucus in the House of Representatives, Rep. Alhassan Doguwa, has said that the caucus will allow national interest to take precedence in the consideration of the four tax reform bills. Addressing newsmen in Abuja on a Monday, Doguwa assured that the caucus will...
The Federal Executive Council has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu. This was part...
Sen. Mohammed Ndume (APC-Borno) and Sen. Shehu Sani have differed on the President Bola Tinubu’s proposed Tax Reform Bills before the National Assembly. Ndume, a former Senate Chief Whip, in a statement in Abuja on Monday, described the bills as ‘ill-timed’, given the economic challenges Nigerians are currently facing....
Speaker of the House of Representatives, Rep. Tajudeen Abbas on Thursday announced plans by the Green Chamber to host a national summit on nutrition and food security. Speaking at the inauguration of the Local Organising Committee (LOC) of the planned summit held at the House of Representatives wing of...
By DAVID IORJA, Abuja- The Presidency has said that the Tax Reform Bill will not increase the number of taxes currently in operation, but rather optimize and simplify existing tax frameworks. The Presidency also clarified that the proposed derivation-based model for Value-Added Tax (VAT) distribution is designed to create...
The Centre for Human and Socio-economic Rights (CHSR) on Sunday faulted the National Assembly on a bill seeking firearms for personnel of Federal Road Safety Corps (FRSC). The National President of the CHSR, Mr Alex Omotehinse, expressed this position at a news conference in Lagos Omotehinse said that the...
A former President of the Nigerian Bar Association (NBA, Mr Olisa Agbakoba, SAN, has said the Economic and Financial Crimes Commission (EFCC) is an unlawful organisation. Agbakoba stated this in two separate letters to the Senate and House of Representatives, dated Oct. 14 and a certified true copy of...
The President of the Senate, Godswill Akpabio, has denied the invasion of the National Assembly by the Department of State Services (DSS) over alleged impeachment move. Akpabio, who stated this on Wednesday’s plenary, said that the allegation reported on the social media that the DSS invaded the national assembly...
It was a weather-friendly Tuesday morning on October 9, 2001 at Eko Hotel and Suites in Lagos. History was made in Nigeria. Zinox, a wholly indigenous tech brand was launched with many firsts and unique features. The brainchild of Forbes Best of Africa’s Tech Icon, Dr. Leo Stan Ekeh, it has...
The Labour Party caucus in the National Assembly has queried the alleged move by the Anambra State Governor, Prof. Charles Soludo, to circumvent the Supreme Court ruling on local government autonomy. The caucus, led by Sen. Tony Nwoye (LP-Anambra), said this at a news conference in Abuja on Thursday....
The Senate has received President Bola Tinubu’s communication seeking consideration and passage of the proposed Fiscal Policy and Tax Reform Bill to align with ongoing financial reforms of the Federal Government and enhance efficiency in tax compliance. The House of Representatives also received four bills were forwarded by the...