• Corruption Fueling Nigeria’s Security Crisis, CISLAC/TI Warn on UN Anti-Corruption Day

    CISLAC and Transparency International-Nigeria warn that corruption is the driving force behind Nigeria’s deepening insecurity, accusing political leaders, security chiefs, and military elites of profiting from opaque defence spending and fraudulent security contracts. The groups cite diversion of funds, recruitment racketeering, illegal arms deals, extortion, and poor welfare for frontline personnel as key factors undermining the fight against terrorism, banditry, kidnapping, and organised crime. They call for urgent reforms, full transparency in defence procurement, strict sanctions for corrupt officers, and independent oversight to stop what they describe as an entrenched “insecurity economy.”
    Corruption Fueling Nigeria’s Security Crisis, CISLAC/TI Warn on UN Anti-Corruption Day CISLAC and Transparency International-Nigeria warn that corruption is the driving force behind Nigeria’s deepening insecurity, accusing political leaders, security chiefs, and military elites of profiting from opaque defence spending and fraudulent security contracts. The groups cite diversion of funds, recruitment racketeering, illegal arms deals, extortion, and poor welfare for frontline personnel as key factors undermining the fight against terrorism, banditry, kidnapping, and organised crime. They call for urgent reforms, full transparency in defence procurement, strict sanctions for corrupt officers, and independent oversight to stop what they describe as an entrenched “insecurity economy.”
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  • Twenty-One Economic Miracles Currently Happening Under President Tinubu

    One: Our foreign reserves have crossed the $45 billion mark for the first time in six years. It is now the fourth-highest on the African continent.

    Two: The prudent management of our foreign reserves under President Tinubu has led to a 3.93% GDP growth in the immediate past quarter and 4.23% growth in the quarter before that (Q2, 2025).

    Three: Nigeria, under President Tinubu, has, within two years, moved from being Africa's biggest petrol importer to becoming West Africa's largest exporter of the same product.

    Four: For the first time in over a decade, Nigeria has overshot its OPEC quota for three consecutive months and is set to do the same for the fourth month, producing an average of 1.71 million barrels per day.

    Five: President Tinubu gave Nigerian airlines direct flights to London's Gatwick Airport, United Kingdom, London's Heathrow Airport, United Kingdom, São Paulo, Brazil, Bogotá, Colombia, Entebbe, Uganda, Dar es Salaam, Tanzania, Algiers, Algeria, and St. Kitts and Nevis in the Caribbean.

    Six: Oil theft has been reduced to less than 10,000 barrels per day, a sixteen-year low.

    Seven: Nigeria achieved its revenue target for the entire year in August, a first in our history.

    Eight: The Nigerian Stock Exchange rose above 130,000 All Share Index for the first time ever.

    Nine: Our economy expanded by $67 billion in just two years, moving Nigeria's GDP from a ₦269.29 trillion economy on May 29, 2023, when Asiwaju became President, to ₦372.8 trillion today.

    Ten: Between January and August 2025, non-oil tax revenue was ₦20.59 trillion, a 40.5% increase from the ₦14.6 trillion recorded in the corresponding period in 2024.

    Eleven: MTN Nigeria Limited hit a record valuation of ₦10 trillion, the first Nigerian company to do so.

    Twelve: Food prices have fallen significantly, resulting in a drop in inflation to 16.05% at present, down from 20.12% in August 2025, a 1.76% decline from July's 21.88%.

    Thirteen: Dangote and other retailers have crashed fuel prices below ₦1000.

    Fourteen: The Naira has stabilised and is now below ₦1500 to $, making it among the world's best-performing currencies, according to Fitch Ratings.

    Fifteen: Nigeria broke its power generation record with a peak generation of 5,801.84MW and maximum daily energyoutput of 128,370.75 megawatt-hours (MWh), the highest ever attained in the history of the electricity industry in Nigeria.

    Sixteen: After a record trade surplus last year, Nigeria appears set to beat its 2024 figure. Our trade surplus rose 44.3% in Q2 to ₦7.46 trillion, up from ₦5.17 trillion in Q1.

    Seventeen: In a sign of an improving economy, the Central Bank of Nigeria reduced interest rates by 50 basis points to 27%, the first time since the #COVID19 pandemic.

    Eighteen: Fitch and S&P Global Ratings upgraded Nigeria's economy to a Stable B.

    Nineteen: Two PhDs in economics, in the persons of Dr Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation, and the former Governor of the Central Bank of Nigeria, and incumbent Governor of Anambra, Dr Chukwuma Soludo, both confirmed that President Tinubu has "stabilised the economy".

    Twenty: Rail transport expanded in Nigeria by 43.08% in Q2 2025.

    Twenty-one: Road transport expanded by 24.50% in Q2 2025, driven by the ₦13 trillion 1,068-kilometre Illela-Sokoto-Badagry Superhighway, and the ₦15 trillion 750-kilometre Lagos-Calabar Coastal Highway, currently under construction.

    Bonus: Student loans were awarded to an unprecedented 500,000 students, with hundreds of thousands more awaiting their loans.

    Effective rebranding projects a positive image of what is happening. It is the best way to neutralise enemies of the nation who want to overwhelm the airwaves with negative information. If you are a patriot who loves Nigeria and wants your country to progress, please spread this truthful message.

    Reno Omokri
    Twenty-One Economic Miracles Currently Happening Under President Tinubu One: Our foreign reserves have crossed the $45 billion mark for the first time in six years. It is now the fourth-highest on the African continent. Two: The prudent management of our foreign reserves under President Tinubu has led to a 3.93% GDP growth in the immediate past quarter and 4.23% growth in the quarter before that (Q2, 2025). Three: Nigeria, under President Tinubu, has, within two years, moved from being Africa's biggest petrol importer to becoming West Africa's largest exporter of the same product. Four: For the first time in over a decade, Nigeria has overshot its OPEC quota for three consecutive months and is set to do the same for the fourth month, producing an average of 1.71 million barrels per day. Five: President Tinubu gave Nigerian airlines direct flights to London's Gatwick Airport, United Kingdom, London's Heathrow Airport, United Kingdom, São Paulo, Brazil, Bogotá, Colombia, Entebbe, Uganda, Dar es Salaam, Tanzania, Algiers, Algeria, and St. Kitts and Nevis in the Caribbean. Six: Oil theft has been reduced to less than 10,000 barrels per day, a sixteen-year low. Seven: Nigeria achieved its revenue target for the entire year in August, a first in our history. Eight: The Nigerian Stock Exchange rose above 130,000 All Share Index for the first time ever. Nine: Our economy expanded by $67 billion in just two years, moving Nigeria's GDP from a ₦269.29 trillion economy on May 29, 2023, when Asiwaju became President, to ₦372.8 trillion today. Ten: Between January and August 2025, non-oil tax revenue was ₦20.59 trillion, a 40.5% increase from the ₦14.6 trillion recorded in the corresponding period in 2024. Eleven: MTN Nigeria Limited hit a record valuation of ₦10 trillion, the first Nigerian company to do so. Twelve: Food prices have fallen significantly, resulting in a drop in inflation to 16.05% at present, down from 20.12% in August 2025, a 1.76% decline from July's 21.88%. Thirteen: Dangote and other retailers have crashed fuel prices below ₦1000. Fourteen: The Naira has stabilised and is now below ₦1500 to $, making it among the world's best-performing currencies, according to Fitch Ratings. Fifteen: Nigeria broke its power generation record with a peak generation of 5,801.84MW and maximum daily energyoutput of 128,370.75 megawatt-hours (MWh), the highest ever attained in the history of the electricity industry in Nigeria. Sixteen: After a record trade surplus last year, Nigeria appears set to beat its 2024 figure. Our trade surplus rose 44.3% in Q2 to ₦7.46 trillion, up from ₦5.17 trillion in Q1. Seventeen: In a sign of an improving economy, the Central Bank of Nigeria reduced interest rates by 50 basis points to 27%, the first time since the #COVID19 pandemic. Eighteen: Fitch and S&P Global Ratings upgraded Nigeria's economy to a Stable B. Nineteen: Two PhDs in economics, in the persons of Dr Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation, and the former Governor of the Central Bank of Nigeria, and incumbent Governor of Anambra, Dr Chukwuma Soludo, both confirmed that President Tinubu has "stabilised the economy". Twenty: Rail transport expanded in Nigeria by 43.08% in Q2 2025. Twenty-one: Road transport expanded by 24.50% in Q2 2025, driven by the ₦13 trillion 1,068-kilometre Illela-Sokoto-Badagry Superhighway, and the ₦15 trillion 750-kilometre Lagos-Calabar Coastal Highway, currently under construction. Bonus: Student loans were awarded to an unprecedented 500,000 students, with hundreds of thousands more awaiting their loans. Effective rebranding projects a positive image of what is happening. It is the best way to neutralise enemies of the nation who want to overwhelm the airwaves with negative information. If you are a patriot who loves Nigeria and wants your country to progress, please spread this truthful message. Reno Omokri
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  • NEW: Enugu Govt to Restrict Tricycles, Yellow Buses From Major Highways as BRT Rollout Begins Soon

    The Enugu State Government has announced plans to restrict the operation of tricycles (Keke), yellow buses, and minibuses from five major highways across Enugu city, paving the way for the smooth implementation of the state’s Bus Rapid Transit (BRT) system.

    This was made known by the Commissioner for Transport, Dr. Obi Ozor, during a consultative meeting with transport unions and stakeholders at the ministry’s headquarters in Enugu on Monday.

    Dr. Ozor listed the affected traffic corridors as Okpara Avenue–Abakaliki Road–New Haven Junction–Naira Triangle–Emene Airport; Ogui Road–Chime Avenue–Naira Triangle; and New Haven Junction–Bisala Road–Rangers Avenue–WAEC–Nkpokiti–Zik’s Avenue.

    Others are Ogui Road–Presidential Road–WAEC–Nkpokiti and the entire Agbani Road stretch.

    According to the commissioner, these will become dedicated BRT routes in line with Governor Peter Mbah’s vision to reposition Enugu as a modern, multimodal and globally competitive city. He however stresed that taxis will be also allowed to ply the BRT routes.

    He noted that tricycles were never designed for high-speed highways, stressing that their presence on such routes disrupts traffic flow and puts lives at risk.

    “We must be open to change. This reform is not about taking anyone’s job. It is about reorganizing the system so that BRT buses operate on the primary roads, yellow buses serve the secondary routes, and tricycles provide last-mile connectivity. Everyone has a place in the value chain,” he stated.

    Dr. Ozor observed that the government has procured 200 CNG-powered BRT buses, alongside 4,000 electric taxis to be assembled locally at ANAMMCO in Enugu, with the first 1,000 taxis ready within three months.

    He said the Mbah administration has also built 84 new bus shelters across the city, forming the backbone of a modern transit network designed around safety, comfort, and affordability.

    He stated that Enugu, with an estimated two million daily commuters, requires at least 8,000 buses to meet mobility demands. The new BRT buses, he added, are equipped with padded seats, functional air-conditioning, WiFi, and strict safety features.

    “Passengers do not stand in these buses, and every vehicle is tracked and monitored from our central command and control centre. The BRT fare now comes with a 47 percent discount to cushion transportation costs for citizens,” he said.

    Dr. Ozor also announced some key resolutions reached at the meeting. He said that transport unions interested in participating in BRT bus or terminal operations are to submit proposals, including financial models, for government evaluation.

    He further explained that the Ije Card, the state’s electronic fare payment system designed to make commuting faster, cashless, and more convenient, will be decentralized so that sales points reach five million residents within 90 days.

    He added that the government regrets delays in allocating loading bays at the new transport terminals, noting that proposals are under review and would be finalized soon.

    He encouraged the transport unions to access financial facilities to procure their own buses or to participate in the BRT operations space.

    “There are enormous investment opportunities as Enugu expands its connectivity to other cities,” he said.

    Stakeholders across the transport unions expressed their support for the state’s transport transformation agenda, saying they recognized the long-term benefits for commuters, operators, and the economy of the state.

    The Enugu State Chairman of the Road Transport Employers Association of Nigeria (RTEAN), Comrade Chidiebere Aniagu, stated that the union was not opposed to the reforms and shares the government’s vision for a safer and more efficient transportation ecosystem. He appealed to the government to address the concerns of their members.
    NEW: Enugu Govt to Restrict Tricycles, Yellow Buses From Major Highways as BRT Rollout Begins Soon The Enugu State Government has announced plans to restrict the operation of tricycles (Keke), yellow buses, and minibuses from five major highways across Enugu city, paving the way for the smooth implementation of the state’s Bus Rapid Transit (BRT) system. This was made known by the Commissioner for Transport, Dr. Obi Ozor, during a consultative meeting with transport unions and stakeholders at the ministry’s headquarters in Enugu on Monday. Dr. Ozor listed the affected traffic corridors as Okpara Avenue–Abakaliki Road–New Haven Junction–Naira Triangle–Emene Airport; Ogui Road–Chime Avenue–Naira Triangle; and New Haven Junction–Bisala Road–Rangers Avenue–WAEC–Nkpokiti–Zik’s Avenue. Others are Ogui Road–Presidential Road–WAEC–Nkpokiti and the entire Agbani Road stretch. According to the commissioner, these will become dedicated BRT routes in line with Governor Peter Mbah’s vision to reposition Enugu as a modern, multimodal and globally competitive city. He however stresed that taxis will be also allowed to ply the BRT routes. He noted that tricycles were never designed for high-speed highways, stressing that their presence on such routes disrupts traffic flow and puts lives at risk. “We must be open to change. This reform is not about taking anyone’s job. It is about reorganizing the system so that BRT buses operate on the primary roads, yellow buses serve the secondary routes, and tricycles provide last-mile connectivity. Everyone has a place in the value chain,” he stated. Dr. Ozor observed that the government has procured 200 CNG-powered BRT buses, alongside 4,000 electric taxis to be assembled locally at ANAMMCO in Enugu, with the first 1,000 taxis ready within three months. He said the Mbah administration has also built 84 new bus shelters across the city, forming the backbone of a modern transit network designed around safety, comfort, and affordability. He stated that Enugu, with an estimated two million daily commuters, requires at least 8,000 buses to meet mobility demands. The new BRT buses, he added, are equipped with padded seats, functional air-conditioning, WiFi, and strict safety features. “Passengers do not stand in these buses, and every vehicle is tracked and monitored from our central command and control centre. The BRT fare now comes with a 47 percent discount to cushion transportation costs for citizens,” he said. Dr. Ozor also announced some key resolutions reached at the meeting. He said that transport unions interested in participating in BRT bus or terminal operations are to submit proposals, including financial models, for government evaluation. He further explained that the Ije Card, the state’s electronic fare payment system designed to make commuting faster, cashless, and more convenient, will be decentralized so that sales points reach five million residents within 90 days. He added that the government regrets delays in allocating loading bays at the new transport terminals, noting that proposals are under review and would be finalized soon. He encouraged the transport unions to access financial facilities to procure their own buses or to participate in the BRT operations space. “There are enormous investment opportunities as Enugu expands its connectivity to other cities,” he said. Stakeholders across the transport unions expressed their support for the state’s transport transformation agenda, saying they recognized the long-term benefits for commuters, operators, and the economy of the state. The Enugu State Chairman of the Road Transport Employers Association of Nigeria (RTEAN), Comrade Chidiebere Aniagu, stated that the union was not opposed to the reforms and shares the government’s vision for a safer and more efficient transportation ecosystem. He appealed to the government to address the concerns of their members.
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  • The house reps is currently in a closed-door session with the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, to discuss the delayed payments owed to indigenous contractors.

    This meeting follows ongoing protests by local contractors over billions of naira in unpaid debts for completed 2024 federal projects, with demands directed at the Finance Ministry and calls for intervention to resolve the backlog.
    Read more in comments section
    The house reps is currently in a closed-door session with the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, to discuss the delayed payments owed to indigenous contractors. This meeting follows ongoing protests by local contractors over billions of naira in unpaid debts for completed 2024 federal projects, with demands directed at the Finance Ministry and calls for intervention to resolve the backlog. Read more in comments section
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  • Kano Businessman Confronts Max Air After Business-Class Seats Allegedly Reassigned to ‘Influential Figures’

    A Max Air flight from Abuja to Kano was delayed after a businessman, Mikai’l, confronted airline staff for allegedly reallocating his paid Business Class seats to influential passengers. Despite purchasing two adult and two infant Business Class tickets, he discovered the aircraft had been changed to an all-economy configuration. The passenger insisted the airline improperly reassigned his original front-row seats to VIPs. The situation escalated when the station manager attempted to move him, prompting security involvement until lawmakers intervened. Max Air later admitted the aircraft change caused inconvenience and said messages notifying passengers were not received by some affected customers.
    Kano Businessman Confronts Max Air After Business-Class Seats Allegedly Reassigned to ‘Influential Figures’ A Max Air flight from Abuja to Kano was delayed after a businessman, Mikai’l, confronted airline staff for allegedly reallocating his paid Business Class seats to influential passengers. Despite purchasing two adult and two infant Business Class tickets, he discovered the aircraft had been changed to an all-economy configuration. The passenger insisted the airline improperly reassigned his original front-row seats to VIPs. The situation escalated when the station manager attempted to move him, prompting security involvement until lawmakers intervened. Max Air later admitted the aircraft change caused inconvenience and said messages notifying passengers were not received by some affected customers.
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  • VP Shettima Departs Abuja For Abidjan

    Vice President Kashim Shettima has departed Abuja for Abidjan, Côte d'Ivoire, to represent President Bola Ahmed Tinubu at the inauguration of Alassane Ouattara for a fourth term in office as President of that country.

    In a Statement by the Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha said Shettima is expected to join other leaders across Africa and beyond to witness activities lined up for the swearing-in ceremony scheduled to hold on Monday, December 8, 2025, at the Presidential Palace in Abidjan.

    Quatara was re-elected for a fourth term in office on October 25, 2025 as President of Côte d'Ivoire, a West African country that shares cordial diplomatic ties with Nigeria.

    Both nations collaborate significantly within ECOWAS and the African Union on security, trade, and development, formalised by a Bi-National Commission and numerous agreements covering areas like anti-trafficking, agriculture, and digital economy, with strong informal trade and significant Nigerian diaspora in Côte d'Ivoire, fostering deep bilateral economic and social connections.

    The Vice President is accompanied by HE Omar Aliyu Touray, President of ECOWAS Commission; Senator Abubakar Sani Bello, Chairman, Senate Committee on Foreign Affairs and Hon. Usman Zannah, member representing Kaga/Gubio/Magumeri Federal Constituency in the House of Representatives.

    The Vice President is expected back in Abuja at the end of the inauguration ceremony.
    VP Shettima Departs Abuja For Abidjan Vice President Kashim Shettima has departed Abuja for Abidjan, Côte d'Ivoire, to represent President Bola Ahmed Tinubu at the inauguration of Alassane Ouattara for a fourth term in office as President of that country. In a Statement by the Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha said Shettima is expected to join other leaders across Africa and beyond to witness activities lined up for the swearing-in ceremony scheduled to hold on Monday, December 8, 2025, at the Presidential Palace in Abidjan. Quatara was re-elected for a fourth term in office on October 25, 2025 as President of Côte d'Ivoire, a West African country that shares cordial diplomatic ties with Nigeria. Both nations collaborate significantly within ECOWAS and the African Union on security, trade, and development, formalised by a Bi-National Commission and numerous agreements covering areas like anti-trafficking, agriculture, and digital economy, with strong informal trade and significant Nigerian diaspora in Côte d'Ivoire, fostering deep bilateral economic and social connections. The Vice President is accompanied by HE Omar Aliyu Touray, President of ECOWAS Commission; Senator Abubakar Sani Bello, Chairman, Senate Committee on Foreign Affairs and Hon. Usman Zannah, member representing Kaga/Gubio/Magumeri Federal Constituency in the House of Representatives. The Vice President is expected back in Abuja at the end of the inauguration ceremony.
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  • JUST IN: Pat Utomi, a professor of political economy and management expert, says Nigerian politicians are responsible for the divisions in the country.
    JUST IN: Pat Utomi, a professor of political economy and management expert, says Nigerian politicians are responsible for the divisions in the country.
    0 Yorumlar ·0 hisse senetleri ·95 Views
  • Bethlehem Lights Christmas Tree for First Time Since Gaza War, Thousands Celebrate in Historic Square

    Bethlehem brought back Christmas cheer for the first time in two years as the city lit its iconic Christmas tree in Manger Square, marking a hopeful moment amid ongoing tensions in the region. Thousands of visitors — Christians, Muslims, locals, and international pilgrims — gathered near the Church of the Nativity to witness the ceremony, which had been suspended since the Gaza war began in October 2023.
    The festive event, filled with music, balloons, and emotional reactions, symbolized resilience for residents and visitors who endured years of conflict, travel restrictions, and economic hardship. Despite cautious tourist return and continuing instability in Gaza and Lebanon, Bethlehem’s celebration represents a tentative step toward recovery for the city, whose economy heavily depends on tourism.

    Bethlehem Lights Christmas Tree for First Time Since Gaza War, Thousands Celebrate in Historic Square Bethlehem brought back Christmas cheer for the first time in two years as the city lit its iconic Christmas tree in Manger Square, marking a hopeful moment amid ongoing tensions in the region. Thousands of visitors — Christians, Muslims, locals, and international pilgrims — gathered near the Church of the Nativity to witness the ceremony, which had been suspended since the Gaza war began in October 2023. The festive event, filled with music, balloons, and emotional reactions, symbolized resilience for residents and visitors who endured years of conflict, travel restrictions, and economic hardship. Despite cautious tourist return and continuing instability in Gaza and Lebanon, Bethlehem’s celebration represents a tentative step toward recovery for the city, whose economy heavily depends on tourism.
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  • Global Green Economy Hits $5 Trillion, Set to Grow to $7 Trillion by 2030 — WEF Report

    The World Economic Forum (WEF) reports that the global green economy has surpassed $5 trillion and is projected to exceed $7 trillion annually by 2030, driven by rapid growth in clean technologies such as solar, wind, batteries, and electric vehicles. According to the WEF–BCG report, green revenues are expanding twice as fast as conventional revenues, with companies in green markets enjoying cheaper capital and valuation premiums. However, technologies like low-carbon hydrogen and carbon capture still require major policy and financial support to achieve cost competitiveness.
    The report highlights China’s dominant role in global clean-energy investment and innovation, while the International Energy Agency (IEA) warns that billions still lack access to electricity and clean cooking, requiring sustained global financing. Despite economic headwinds, green investments continue to break records, positioning the sector as one of the world’s fastest-growing economic engines.
    Global Green Economy Hits $5 Trillion, Set to Grow to $7 Trillion by 2030 — WEF Report The World Economic Forum (WEF) reports that the global green economy has surpassed $5 trillion and is projected to exceed $7 trillion annually by 2030, driven by rapid growth in clean technologies such as solar, wind, batteries, and electric vehicles. According to the WEF–BCG report, green revenues are expanding twice as fast as conventional revenues, with companies in green markets enjoying cheaper capital and valuation premiums. However, technologies like low-carbon hydrogen and carbon capture still require major policy and financial support to achieve cost competitiveness. The report highlights China’s dominant role in global clean-energy investment and innovation, while the International Energy Agency (IEA) warns that billions still lack access to electricity and clean cooking, requiring sustained global financing. Despite economic headwinds, green investments continue to break records, positioning the sector as one of the world’s fastest-growing economic engines.
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  • Uzodimma Promises 24/7 Electricity in Imo, Says Generator Economy Will End Soon

    Governor Hope Uzodimma has pledged a complete overhaul of Imo State’s power infrastructure, announcing that his administration will guarantee uninterrupted 24/7 electricity supply as part of a broader investment-driven economic transformation. Speaking at the 2025 Imo State Investment Summit, he said poor power supply remains Nigeria’s biggest obstacle to industrialisation, noting that businesses spend more on self-generation than on salaries. Uzodimma revealed that phase one of the state’s dedicated power project—powered by the indigenous Borashi Electricity Company—will launch this month in Owerri before expanding to all 27 LGAs. He declared an end to “generator economics,” assuring investors of reliable electricity, improved infrastructure, and a business-friendly environment.
    Uzodimma Promises 24/7 Electricity in Imo, Says Generator Economy Will End Soon Governor Hope Uzodimma has pledged a complete overhaul of Imo State’s power infrastructure, announcing that his administration will guarantee uninterrupted 24/7 electricity supply as part of a broader investment-driven economic transformation. Speaking at the 2025 Imo State Investment Summit, he said poor power supply remains Nigeria’s biggest obstacle to industrialisation, noting that businesses spend more on self-generation than on salaries. Uzodimma revealed that phase one of the state’s dedicated power project—powered by the indigenous Borashi Electricity Company—will launch this month in Owerri before expanding to all 27 LGAs. He declared an end to “generator economics,” assuring investors of reliable electricity, improved infrastructure, and a business-friendly environment.
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  • PBAT's Aviation Masterstroke: The MRO Deal That Puts Nigeria on the Global Map

    President Bola Ahmed Tinubu has just pulled off one of the most transformative moves in Nigeria’s aviation history, a strategic partnership with global aerospace giant Boeing and the UK’s prestigious Cranfield University to establish a world-class Maintenance, Repair & Overhaul (MRO) hub right here in Nigeria.

    This is not just another government announcement. It’s a structural shift that changes how the world views Nigeria’s aviation capacity.

    1. Billions Saved, Billions Earned

    Right now, Nigerian airlines spend billions of naira every year flying their aircraft abroad for routine maintenance. With this facility in Nigeria, that money stays in the economy, and foreign airlines may even start coming to us for servicing.
    This means massive savings, fresh revenue streams, and a stronger naira over time.

    2. Thousands of High-Value Jobs

    MROs are labour-intensive and highly technical. From aeronautical engineers to technicians and software specialists to safety experts, this hub will create thousands of well-paid, specialised jobs for Nigerians. President Tinubu isn’t just creating jobs; he’s creating global-standard careers.

    3. Skills That Match Global Standards

    Partnering with Cranfield University, one of the world’s leading aviation and aerospace institutions, means Nigerian professionals will receive elite training. For the first time, Nigeria will train and export aviation talent at the level of Europe, the Middle East, and North America.

    4. A Boost for Local Airlines

    Air Peace, Ibom Air, Azman, Overland all Nigerian airlines will finally have affordable, quick-turnaround maintenance at home. This translates to cheaper operations, fewer grounded aircraft, better safety, and more flights for Nigerians.

    5. Nigeria Becomes Africa’s Aviation Powerhouse

    Only a few African countries have credible MRO facilities. With Boeing and Cranfield backing this project, Nigeria leapfrogs into continental leadership, attracting investment, partnerships, and global aviation traffic.

    6. Proof of President Tinubu’s Economic Diplomacy Working

    This partnership didn’t fall from the sky; it’s a direct result of Tinubu’s aggressive economic diplomacy, restoring investor confidence, strengthening international ties, and positioning Nigeria as a serious business destination again.

    In simple terms:
    This MRO project is a high-impact, high-value, globally recognised move that boosts jobs, strengthens airlines, saves foreign exchange, and establishes Nigeria as the aviation hub Africa has been waiting for, all under President Bola Ahmed Tinubu’s watch.
    PBAT's Aviation Masterstroke: The MRO Deal That Puts Nigeria on the Global Map President Bola Ahmed Tinubu has just pulled off one of the most transformative moves in Nigeria’s aviation history, a strategic partnership with global aerospace giant Boeing and the UK’s prestigious Cranfield University to establish a world-class Maintenance, Repair & Overhaul (MRO) hub right here in Nigeria. This is not just another government announcement. It’s a structural shift that changes how the world views Nigeria’s aviation capacity. 1. Billions Saved, Billions Earned Right now, Nigerian airlines spend billions of naira every year flying their aircraft abroad for routine maintenance. With this facility in Nigeria, that money stays in the economy, and foreign airlines may even start coming to us for servicing. This means massive savings, fresh revenue streams, and a stronger naira over time. 2. Thousands of High-Value Jobs MROs are labour-intensive and highly technical. From aeronautical engineers to technicians and software specialists to safety experts, this hub will create thousands of well-paid, specialised jobs for Nigerians. President Tinubu isn’t just creating jobs; he’s creating global-standard careers. 3. Skills That Match Global Standards Partnering with Cranfield University, one of the world’s leading aviation and aerospace institutions, means Nigerian professionals will receive elite training. For the first time, Nigeria will train and export aviation talent at the level of Europe, the Middle East, and North America. 4. A Boost for Local Airlines Air Peace, Ibom Air, Azman, Overland all Nigerian airlines will finally have affordable, quick-turnaround maintenance at home. This translates to cheaper operations, fewer grounded aircraft, better safety, and more flights for Nigerians. 5. Nigeria Becomes Africa’s Aviation Powerhouse Only a few African countries have credible MRO facilities. With Boeing and Cranfield backing this project, Nigeria leapfrogs into continental leadership, attracting investment, partnerships, and global aviation traffic. 6. Proof of President Tinubu’s Economic Diplomacy Working This partnership didn’t fall from the sky; it’s a direct result of Tinubu’s aggressive economic diplomacy, restoring investor confidence, strengthening international ties, and positioning Nigeria as a serious business destination again. In simple terms: This MRO project is a high-impact, high-value, globally recognised move that boosts jobs, strengthens airlines, saves foreign exchange, and establishes Nigeria as the aviation hub Africa has been waiting for, all under President Bola Ahmed Tinubu’s watch.
    0 Yorumlar ·0 hisse senetleri ·271 Views
  • CBN Raises Cash Withdrawal Limits, Scraps Deposit Caps in Major Policy Shift
    The Central Bank of Nigeria (CBN) has announced a significant relaxation of its cash withdrawal and deposit regulations, effective January 1, 2026, in a move aimed at improving liquidity and easing the burden on businesses and individuals amid prevailing economic challenges.
    In a circular signed by Dr. Rita I. Sike, Director of the Financial Policy and Regulation Department, the apex bank raised the weekly cash withdrawal limit for individuals from ₦100,000 to ₦500,000 across all channels, including ATMs, Point-of-Sale (POS) terminals, and over-the-counter transactions. Corporate entities will now enjoy a higher weekly limit of ₦5 million, up from the previous ₦500,000.
    At the same time, all restrictions and processing fees on cash deposits have been completely removed, allowing unrestricted deposits without penalties.
    Key Changes Effective January 1, 2026
    Weekly cash withdrawal (Individuals)
    ₦100,000 (all channels)
    ₦500,000 (all channels)
    Weekly cash withdrawal (Corporates)
    ₦500,000 (all channels)
    ₦5 million (all channels)
    Daily ATM withdrawal
    ₦20,000 – ₦40,000 (bank-dependent)
    Up to ₦100,000 (counts toward weekly limit)
    Cash deposits
    Caps applied; fees on excess
    No limits, no fees
    Third-party cheque withdrawals
    ₦100,000
    Remains ₦100,000 (counts toward weekly limit)
    Charges on excess withdrawals
    Strict enforcement
    3% (individuals), 5% (corporates); revenue shared 40% CBN, 60% banks
    Special authorisations for large withdrawals
    ₦5m (individuals)/₦10m (corporates) monthly
    Completely discontinued
    ATM currency loading
    Restricted denominations
    All denominations permitted
    The CBN stated that the revisions are intended to address current economic realities, including high inflation and liquidity constraints, while maintaining the broader goal of reducing cash dominance in the economy. The policy builds on the 2022-naira redesign and cash-limit framework, which was originally introduced to curb cash hoarding and money laundering.
    Banks are now required to submit monthly reports to the CBN on all withdrawals above the new limits and on cash deposit patterns.
    CBN Raises Cash Withdrawal Limits, Scraps Deposit Caps in Major Policy Shift The Central Bank of Nigeria (CBN) has announced a significant relaxation of its cash withdrawal and deposit regulations, effective January 1, 2026, in a move aimed at improving liquidity and easing the burden on businesses and individuals amid prevailing economic challenges. In a circular signed by Dr. Rita I. Sike, Director of the Financial Policy and Regulation Department, the apex bank raised the weekly cash withdrawal limit for individuals from ₦100,000 to ₦500,000 across all channels, including ATMs, Point-of-Sale (POS) terminals, and over-the-counter transactions. Corporate entities will now enjoy a higher weekly limit of ₦5 million, up from the previous ₦500,000. At the same time, all restrictions and processing fees on cash deposits have been completely removed, allowing unrestricted deposits without penalties. Key Changes Effective January 1, 2026 Weekly cash withdrawal (Individuals) ₦100,000 (all channels) ₦500,000 (all channels) Weekly cash withdrawal (Corporates) ₦500,000 (all channels) ₦5 million (all channels) Daily ATM withdrawal ₦20,000 – ₦40,000 (bank-dependent) Up to ₦100,000 (counts toward weekly limit) Cash deposits Caps applied; fees on excess No limits, no fees Third-party cheque withdrawals ₦100,000 Remains ₦100,000 (counts toward weekly limit) Charges on excess withdrawals Strict enforcement 3% (individuals), 5% (corporates); revenue shared 40% CBN, 60% banks Special authorisations for large withdrawals ₦5m (individuals)/₦10m (corporates) monthly Completely discontinued ATM currency loading Restricted denominations All denominations permitted The CBN stated that the revisions are intended to address current economic realities, including high inflation and liquidity constraints, while maintaining the broader goal of reducing cash dominance in the economy. The policy builds on the 2022-naira redesign and cash-limit framework, which was originally introduced to curb cash hoarding and money laundering. Banks are now required to submit monthly reports to the CBN on all withdrawals above the new limits and on cash deposit patterns.
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  • Peter Mbah Presents Record N1.62 Trillion ‘Budget of Renewed Momentum’ to Accelerate Enugu’s Transformation




    Enugu State Governor Peter Mbah has unveiled a landmark N1.62 trillion budget for 2026, marking a 66.5% increase from the revised 2025 budget. Tagged the “Budget of Renewed Momentum,” it allocates 80% (N1.29 trillion) to capital projects and 20% (N321 billion) to recurrent spending.
    The economic sector receives the largest share—N825.9 billion (51%)—to fund major infrastructure projects, including 1,200 urban roads, rural road networks, completion of key dual carriageways, expansion of Enugu Air’s fleet to 20 aircraft, and new transport terminals.
    The social sector gets N644.7 billion, with education taking 32.27%, supporting Smart Secondary Schools, TVET colleges, and expansion of the state’s Smart Green Schools initiative.
    The budget will be funded through N870 billion IGR, N387 billion federal allocation, and N329 billion capital receipts.
    Mbah praised President Tinubu’s economic reforms for boosting Enugu’s revenue, noting that IGR is expected to exceed N400 billion, the highest in the state’s history, while FAAC allocation surpassed projections by over 50%.
    He also earmarked funds for gratuity payments, security surveillance expansion, healthcare, and ongoing city development projects.





    #PeterMbah #EnuguState #EnuguBudget2026 #BudgetOfRenewedMomentum #NigeriaEconomy #InfrastructureDevelopment #SmartSchools #EnuguAir #TinubuReforms #IGR #FAAC #GideonArinze #BreakingNews #NigeriaPolitics
    Peter Mbah Presents Record N1.62 Trillion ‘Budget of Renewed Momentum’ to Accelerate Enugu’s Transformation Enugu State Governor Peter Mbah has unveiled a landmark N1.62 trillion budget for 2026, marking a 66.5% increase from the revised 2025 budget. Tagged the “Budget of Renewed Momentum,” it allocates 80% (N1.29 trillion) to capital projects and 20% (N321 billion) to recurrent spending. The economic sector receives the largest share—N825.9 billion (51%)—to fund major infrastructure projects, including 1,200 urban roads, rural road networks, completion of key dual carriageways, expansion of Enugu Air’s fleet to 20 aircraft, and new transport terminals. The social sector gets N644.7 billion, with education taking 32.27%, supporting Smart Secondary Schools, TVET colleges, and expansion of the state’s Smart Green Schools initiative. The budget will be funded through N870 billion IGR, N387 billion federal allocation, and N329 billion capital receipts. Mbah praised President Tinubu’s economic reforms for boosting Enugu’s revenue, noting that IGR is expected to exceed N400 billion, the highest in the state’s history, while FAAC allocation surpassed projections by over 50%. He also earmarked funds for gratuity payments, security surveillance expansion, healthcare, and ongoing city development projects. #PeterMbah #EnuguState #EnuguBudget2026 #BudgetOfRenewedMomentum #NigeriaEconomy #InfrastructureDevelopment #SmartSchools #EnuguAir #TinubuReforms #IGR #FAAC #GideonArinze #BreakingNews #NigeriaPolitics
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  • ALERT: In a jaw-dropping announcement, U.S. Secretary of the Treasury Scott Bessent has revealed a bold strategy to reshape the U.S. economy by reducing government spending, re-privatizing the economy, cutting federal jobs, and turbocharging private manufacturing.
    ALERT: In a jaw-dropping announcement, U.S. Secretary of the Treasury Scott Bessent has revealed a bold strategy to reshape the U.S. economy by reducing government spending, re-privatizing the economy, cutting federal jobs, and turbocharging private manufacturing.
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  • BREAKING NEWS: Nigeria’s fast-growing tech workforce is set to receive a major boost as Aptech, a global leader in vocational IT training, partners with India’s Scope Global Skills University (SGSU) to launch a first-of-its-kind “Nigeria-to-India” IT degree pathway designed to produce industry-ready talent for the digital economy.
    BREAKING NEWS: Nigeria’s fast-growing tech workforce is set to receive a major boost as Aptech, a global leader in vocational IT training, partners with India’s Scope Global Skills University (SGSU) to launch a first-of-its-kind “Nigeria-to-India” IT degree pathway designed to produce industry-ready talent for the digital economy.
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  • The Speaker of the House of Representatives, Tajudeen Abbas, on Monday declared that Nigeria’s ambition to evolve into a trillion-dollar economy hinges significantly on the growth and empowerment of small and medium-sized enterprises.
    The Speaker of the House of Representatives, Tajudeen Abbas, on Monday declared that Nigeria’s ambition to evolve into a trillion-dollar economy hinges significantly on the growth and empowerment of small and medium-sized enterprises.
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  • Local Contractors Protest Non-Payment of ₦4 Trillion — Accuse Tinubu Govt of Ignoring 2024 Project Debts

    Local contractors under the All Indigenous Contractors Association of Nigeria (AICAN) are protesting again over the Federal Government’s failure to pay ₦4 trillion owed for completed 2024 capital projects.

    Despite multiple meetings with the Minister of Finance, Wale Edun, the contractors say no payment has been made.

    Many say they are now out of business:

    “We’ve run out of cash. We can’t pay school fees. We can’t continue like this,” a contractor told SaharaReporters.

    In September, the contractors stormed the Ministry of Finance in Abuja demanding payment. Only 5 out of 5,000 contractors have reportedly received anything.

    The protests forced the House of Representatives to suspend plenary earlier this month, after lawmakers acknowledged the “dire hardship” contractors are facing.

    Meanwhile, data from GovSpend shows the Presidency spent billions on vehicles and foreign exchange in 2024 — raising more questions about government priorities.

    The contractors vow to remain on the streets until every member is paid.
    Stay alert.
    Stay informed.
    Share to raise awareness.
    more in the commnet section
    #NigeriaEconomy #TinubuAdministration #ContractorsProtest
    🚨 Local Contractors Protest Non-Payment of ₦4 Trillion — Accuse Tinubu Govt of Ignoring 2024 Project Debts Local contractors under the All Indigenous Contractors Association of Nigeria (AICAN) are protesting again over the Federal Government’s failure to pay ₦4 trillion owed for completed 2024 capital projects. Despite multiple meetings with the Minister of Finance, Wale Edun, the contractors say no payment has been made. Many say they are now out of business: “We’ve run out of cash. We can’t pay school fees. We can’t continue like this,” a contractor told SaharaReporters. In September, the contractors stormed the Ministry of Finance in Abuja demanding payment. Only 5 out of 5,000 contractors have reportedly received anything. The protests forced the House of Representatives to suspend plenary earlier this month, after lawmakers acknowledged the “dire hardship” contractors are facing. Meanwhile, data from GovSpend shows the Presidency spent billions on vehicles and foreign exchange in 2024 — raising more questions about government priorities. The contractors vow to remain on the streets until every member is paid. Stay alert. Stay informed. Share to raise awareness. more in the commnet section #NigeriaEconomy #TinubuAdministration #ContractorsProtest
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  • Black Friday 2025: Shopper Trends Shift as Inflation, Tariffs, and Early Deals Reshape Holiday Spending

    Black Friday no longer sparks midnight mall crowds and in-store chaos, but it remains the busiest in-store shopping day of the year and marks the unofficial start of the holiday shopping season. This year’s kickoff comes amid weakened consumer confidence tied to inflation, slow hiring, and economic uncertainty following a government shutdown. Shoppers are increasingly price-sensitive but still willing to spend on key occasions.

    Retailers have faced pressure from Trump-era tariffs, prompting many to accelerate shipments or absorb extra import costs. Prices rose sharply in categories like toys, baby products, and housewares, with 83% of toys seeing at least a 5% price increase in September. Despite these challenges, foot traffic at major malls — including the Mall of America — has surpassed pre-pandemic levels, signaling strong momentum.

    Online spending is also surging, with consumers spending $79.7 billion from Nov. 1–23, a 7.5% increase over last year. Forecasts predict moderate overall holiday sales growth, and analysts say shoppers—though uneasy—are still showing up. According to Adobe Analytics, Black Friday offers the deepest discounts on TVs, toys, and appliances, while Cyber Monday will be the best time to buy apparel and computers.
    #black_friday #U.S. retail economy
    #Mall of America foot traffic
    Black Friday 2025: Shopper Trends Shift as Inflation, Tariffs, and Early Deals Reshape Holiday Spending Black Friday no longer sparks midnight mall crowds and in-store chaos, but it remains the busiest in-store shopping day of the year and marks the unofficial start of the holiday shopping season. This year’s kickoff comes amid weakened consumer confidence tied to inflation, slow hiring, and economic uncertainty following a government shutdown. Shoppers are increasingly price-sensitive but still willing to spend on key occasions. Retailers have faced pressure from Trump-era tariffs, prompting many to accelerate shipments or absorb extra import costs. Prices rose sharply in categories like toys, baby products, and housewares, with 83% of toys seeing at least a 5% price increase in September. Despite these challenges, foot traffic at major malls — including the Mall of America — has surpassed pre-pandemic levels, signaling strong momentum. Online spending is also surging, with consumers spending $79.7 billion from Nov. 1–23, a 7.5% increase over last year. Forecasts predict moderate overall holiday sales growth, and analysts say shoppers—though uneasy—are still showing up. According to Adobe Analytics, Black Friday offers the deepest discounts on TVs, toys, and appliances, while Cyber Monday will be the best time to buy apparel and computers. #black_friday #U.S. retail economy #Mall of America foot traffic
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  • Nigeria Secures IMO Council Seat for 2026–2027 as Tinubu Hails Rising Maritime Influence


    President Bola Ahmed Tinubu has celebrated Nigeria’s election into Category C of the International Maritime Organisation (IMO) Council for the 2026–2027 term, marking the nation’s return after 14 years. He described the victory as a strong vote of confidence in Nigeria’s growing maritime leadership, commitment to safety, security, and environmental standards. Tinubu praised the Ministry of Marine and Blue Economy, NIMASA, and the diplomatic team for their strategic efforts. The renewed mandate aligns with his administration’s plan to expand the blue economy, boost maritime infrastructure, enhance anti-piracy efforts, and strengthen Nigeria’s global shipping role. He affirmed Nigeria’s readiness to support safer seas, cleaner oceans, and fair maritime governance.

    #hashtags:
    #NigeriaMaritime #IMOCouncil #BlueEconomy
    Nigeria Secures IMO Council Seat for 2026–2027 as Tinubu Hails Rising Maritime Influence President Bola Ahmed Tinubu has celebrated Nigeria’s election into Category C of the International Maritime Organisation (IMO) Council for the 2026–2027 term, marking the nation’s return after 14 years. He described the victory as a strong vote of confidence in Nigeria’s growing maritime leadership, commitment to safety, security, and environmental standards. Tinubu praised the Ministry of Marine and Blue Economy, NIMASA, and the diplomatic team for their strategic efforts. The renewed mandate aligns with his administration’s plan to expand the blue economy, boost maritime infrastructure, enhance anti-piracy efforts, and strengthen Nigeria’s global shipping role. He affirmed Nigeria’s readiness to support safer seas, cleaner oceans, and fair maritime governance. #hashtags: #NigeriaMaritime #IMOCouncil #BlueEconomy
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  • President Bola Ahmed Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC).

    The committee, which Mr Joseph Tegbe chairs, will ensure the implementation of the administration's landmark tax reforms in line with the economic aspirations of the government and the people of Nigeria.

    Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, will oversee the committee's work.

    The Committee will undertake extensive consultations across the public and private sectors to ensure broad-based input into the implementation process.

    Its chairman, Tegbe, is a Fellow of both the Institute of Chartered Accountants of Nigeria (FCA) and the Chartered Institute of Taxation of Nigeria (FCIT).

    He has over 35 years of professional experience across the public and private sectors, having previously served as a Senior Partner and Head of Advisory Services at KPMG Africa.

    Mrs Sanyade Okoli, Special Adviser to the President on Finance and Economy, will serve as the Committee's Secretary. Members also include Ismaeel Ahmed, Rukaiya El Rufai, and others.

    In establishing the Committee, President Tinubu emphasised that effective implementation of the Tax Acts is central to the nation's economic transformation agenda and critical to strengthening public finance management while safeguarding the legitimate expectations of investors and the productive sectors.

    "These new Tax Acts reflect our administration's commitment to building a fair, transparent, and technology-driven tax system that supports economic growth while protecting the interests of citizens and businesses.

    "The National Tax Policy Implementation Committee will ensure coherent, effective, and well-aligned implementation across all levels of government," the President stated.

    The NTPIC's mandate emphasises broad stakeholder consultation through nationwide engagements with the private sector, professional bodies, and subnational governments, alongside public awareness campaigns to support effective implementation of the new tax laws.

    It also prioritises strong inter-agency coordination by aligning the work of key revenue and regulatory institutions, harmonising existing frameworks with new statutes, and ensuring unified oversight and reporting throughout the transition process.

    The Committee comprises experts drawn from tax administration, finance, law, the private sector, and civil society, ensuring a balanced and inclusive approach to policy execution.

    The chairman expressed the team's readiness to work diligently in support of national development.

    "We understand the strategic importance of these Tax Acts. Our committee will work closely with all stakeholders to support the Minister of Finance and Coordinating Minister of the Economy in ensuring seamless implementation and building public trust in the tax system," he said.

    The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, added:
    "With the establishment of this Committee, Mr President has not only set the direction but also provided the authority and support required to reset not just the tax system but the entire fiscal policy framework of Government, to deliver significant economic growth for the benefit of all Nigerians."

    The NTPIC is expected to enhance revenue mobilisation, minimise leakages, and reinforce accountability, thereby strengthening the government's fiscal sustainability and national development objectives.

    Bayo Onanuga
    Special Adviser to the President
    (Information & Strategy)
    November 28, 2025
    President Bola Ahmed Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC). The committee, which Mr Joseph Tegbe chairs, will ensure the implementation of the administration's landmark tax reforms in line with the economic aspirations of the government and the people of Nigeria. Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, will oversee the committee's work. The Committee will undertake extensive consultations across the public and private sectors to ensure broad-based input into the implementation process. Its chairman, Tegbe, is a Fellow of both the Institute of Chartered Accountants of Nigeria (FCA) and the Chartered Institute of Taxation of Nigeria (FCIT). He has over 35 years of professional experience across the public and private sectors, having previously served as a Senior Partner and Head of Advisory Services at KPMG Africa. Mrs Sanyade Okoli, Special Adviser to the President on Finance and Economy, will serve as the Committee's Secretary. Members also include Ismaeel Ahmed, Rukaiya El Rufai, and others. In establishing the Committee, President Tinubu emphasised that effective implementation of the Tax Acts is central to the nation's economic transformation agenda and critical to strengthening public finance management while safeguarding the legitimate expectations of investors and the productive sectors. "These new Tax Acts reflect our administration's commitment to building a fair, transparent, and technology-driven tax system that supports economic growth while protecting the interests of citizens and businesses. "The National Tax Policy Implementation Committee will ensure coherent, effective, and well-aligned implementation across all levels of government," the President stated. The NTPIC's mandate emphasises broad stakeholder consultation through nationwide engagements with the private sector, professional bodies, and subnational governments, alongside public awareness campaigns to support effective implementation of the new tax laws. It also prioritises strong inter-agency coordination by aligning the work of key revenue and regulatory institutions, harmonising existing frameworks with new statutes, and ensuring unified oversight and reporting throughout the transition process. The Committee comprises experts drawn from tax administration, finance, law, the private sector, and civil society, ensuring a balanced and inclusive approach to policy execution. The chairman expressed the team's readiness to work diligently in support of national development. "We understand the strategic importance of these Tax Acts. Our committee will work closely with all stakeholders to support the Minister of Finance and Coordinating Minister of the Economy in ensuring seamless implementation and building public trust in the tax system," he said. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, added: "With the establishment of this Committee, Mr President has not only set the direction but also provided the authority and support required to reset not just the tax system but the entire fiscal policy framework of Government, to deliver significant economic growth for the benefit of all Nigerians." The NTPIC is expected to enhance revenue mobilisation, minimise leakages, and reinforce accountability, thereby strengthening the government's fiscal sustainability and national development objectives. Bayo Onanuga Special Adviser to the President (Information & Strategy) November 28, 2025
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