"NO MATTER THE AGREEMENT YOU HAVE WITH WIKE, HE'LL MAKE YOUR LIFE MISERABLE"- ADEYANJU WARNS FUBARA.

Nigerian activist and lawyer, Deji Adeyanju, has warned the suspended governor of Rivers State to be wary of his predecessor, Nyesom Wike.

Adeyanju stated this while reacting to the recent declaration of peace by both politicians.

Recall that President Bola Tinubu met with Wike, Fubara, and the leadership of the Rivers State House of Assembly on Thursday night to discuss the lingering crisis in the state.

According to reports, the President was able to end the face-off between Governor Fubara, Wike, and the lawmakers.

Reacting to the development in a post on his Facebook page, the activist expressed pessimism that the agreement between the duo may still hit the rocks.

He urged Fubara not to hang loose, stating that the Minister may still make his life miserable.

According to the lawyer, “No matter the agreement you have with Wike, he will make your life miserable. Wike is an unreasonable man.

“Fubara will not be able to sleep with two eyes closed and 2027 will be worst. Even when Wike makes a vow, his vow is as useless as the T in buffet.”

Meanwhile, Senate President Godswill Akpabio stated that the political crisis plaguing Rivers State would soon be resolved by the National Assembly.

He made the disclosure on Thursday during the commissioning of the Kugbo Taxi and Bus Terminal in the Federal Capital Territory (FCT).

Akpabio promised that the National Assembly would play a key role in ensuring political stability and restoring peace in the state.

He disclosed that efforts were underway to address the root causes of the crisis and foster reconciliation among aggrieved stakeholders.

“We are determined to ensure that normalcy returns to Rivers State. The National Assembly will work closely with all parties involved to ensure lasting peace and progress for the people,” Akpabio said.

The political crisis in Rivers State had led to the suspension of Governor Sim Fubara, his deputy, and the state legislature, three months ago.

President Bola Tinubu suspended Fubara for six months while declaring a state of emergency.

Since his suspension, Fubara had met with Tinubu and FCT minister, Nyesom Wike, his estranged political godfather, in a move to push for reconciliation.

Recently, Wike, who expressed readiness for reconciliation, had charged Fubara to meet with other aggrieved stakeholders in the state for settlement.

Nigeria's President Bola Tinubu has signed four finance bills into law in a set of major reforms aimed at restructuring the tax system in Africa's most populous nation.
The government says the new laws will simplify revenue collection, reduce the tax burden on some individuals and businesses, while also helping to raise much-needed government income revenue by making collection more efficient.
"The tax reforms will protect low-income households and support workers by expanding their disposable income," said President Tinubu in a statement to mark the second anniversary of his administration last month.

Tax Reform Act takes effect, workers earning less than N800,000 annually, exempted from taxation.

President Bola Ahmed Tinubu, on Thursday June 26, signed the tax reform bills into law, exempting workers earning below N800,000 annually from taxation.

Fresh Angle International, can report that the Act, which changed the nomenclature of Federal Inland Revenue Service, FIRS, to Nigeria Revenue Service, NRS, gives the NRS mandate to collect revenues previously handled by agencies such as the Nigeria Customs Service, NUPRC, NPA, and NIMASA.

Key highlights of the tax reform Act, include:

25% personal income tax applies only to individuals earning above ?50 million annually.

Small businesses owners are exempted from paying income tax.

Company income tax for medium and large companies will be reduced from 30% to 25% starting in 2026.

Value Added Tax (VAT) exemptions on essential goods and services consumed by the poor, including food items, medical services, pharmaceuticals, educational fees, and electricity.


VAT remains at 7.5%, and corporate income tax stays at 30%. NO INCREMENT!

Introduction of a Development Levy ranging from 4% to 2%, allocated to support the NELFUND, TETFund, NITDA, and NASENI.

Under the new tax laws, Nigerian households earning ₦250,000 or less per month are classified as poor and exempt from paying taxes Taiwo Oyedele.

Source: Channel TV

President Tinubu has officially signed the four tax reforms bills into law.

Source: Channel TV

Food Inflation: Governors Move Against Illegal Checkpoints, Excessive Taxes.

The Nigeria Governors’ Forum (NGF) has identified illegal checkpoints, multiple taxation, and poor infrastructure as major factors driving up the cost of food and livestock transportation across the country

This position was made known in a communiqué issued at the end of the Forum’s third meeting for 2025, held on Wednesday night and read by Lagos State Governor Babajide Sanwo-Olu.

During the meeting, the governors received a detailed briefing from the national security adviser (NSA) who was accompanied by the ministers of defence, agriculture, livestock development, and transportation.

The officials presented findings that showed how various actors’ proliferation of unauthorised roadblocks and extortion along transportation corridors has contributed significantly to food price inflation and inefficiencies in the supply chain.

MAY 2025 FEDERATION ACCOUNT REVENUE: FEDERAL, STATES & LGCs SHARE 1.659 TRILLION NAIRA

A total sum of N1.659 trillion, being May 2025 Federation Account Revenue has been shared to the Federal, States and the Local Government Councils.

The revenue was shared at the June 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.

The N1.659 trillion total distributable revenue comprised revenue of N863.8 billion, Value Added Tax (VAT) revenue of N691.7billion, Electronic Money Transfer Levy (EMTL) revenue of N27.667 billion and Exchange Difference revenue of N76.614 billion.

The Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N2.942 trillion was available in the month of May 2025. Total deduction for cost of collection was N111.908 billion while total transfers, interventions and refunds was N1.171 trillion.

The Gross revenue of N2.094 trillion received in the month of May 2025, is higher than the sum of N2.084 trillion received in the month of April 2025 by N10.023 Billion.

In May 2025, Companies Income Tax (CIT), Value Added Tax (VAT) and Import Duty increased significantly while CET Levies, Petroleum Profit Tax (PPT), Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) recorded decreases, while Excise Duty increased only marginally.

Business leaders urge easier trading conditions ahead NACCIMA president’s investiture.

Business leaders have urged the government to create easier trading conditions ahead of the investiture of the new NACCIMA president.

They emphasised the need for reforms that reduce multiple taxations, lower energy costs, and improve the overall business environment to help local companies thrive and attract investment.

The Nigerian business community will converge in Ilorin, the capital of Kwara State, between Wednesday and Friday for the 65th annual general meeting of the Nigerian Association of Chambers of Commerce, Industries, Mines and Agriculture.

EFCC Arraigns Man, Firm for Alleged N190 Million Theft in Lagos

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, has arraigned one Samson Davies alongside his firm, Signature Advisory Limited, before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on a one-count charge bordering on stealing the sum of N190,791,494 (One Hundred and Ninety Million, Seven Hundred and Ninety-One Thousand, Four Hundred and Ninety-Four Naira).

The charge reads:

“That you, Samson Davies and Signature Advisory Limited, sometime between October 2022 and October 2023, in Lagos, within the jurisdiction of this Honourable Court, dishonestly converted to your own use the aggregate sum of N190,791,494 (One Hundred and Ninety Million, Seven Hundred and Ninety-One Thousand, Four Hundred and Ninety-Four Naira), property of Ronchess Global Resources Plc.”
He pleaded “not guilty” to the one-count charge when it was read to him.

Following his plea, prosecution counsel, C.C. Okezie, prayed the court for a trial date to enable the prosecution to prove its case against the defendants. He also prayed that the defendant be remanded at a Correctional Centre.

However, defence counsel, Ifeoma Esom, informed the court that a bail application had been filed and urged the court to grant the defendant bail on the most liberal terms.

Justice Dada granted the defendant bail in the sum of N50 million with two sureties in like sum. One of the sureties must own landed property in Lagos, and the defendant is to submit his international passport to the court and sureties must have evidence of tax clearance.

The judge further ruled that the defendant be remanded at the Nigerian Correctional Facility pending the perfection of his bail conditions.
The case was adjourned till July 7, 2025, for the commencement of trial.

The US government has passed a law imposing a tax on the dollars Nigerians send home from the country.

FG HIKES DRIVERS LICENSE, NUMBER PLATE PRICE TO TAKE EFFECT FROM TOMORROW AMID ECONOMIC WOES

Nigeria Implements New Driver’s License and Number Plate Price Hike Effective June 8, 2025

The Joint Tax Board (JTB) has approved a new price structure for driver’s licenses and number plates in Nigeria, set to take effect tomorrow, June 8, 2025. The announcement, made earlier today, introduces significant increases in the cost of obtaining these essential documents, impacting millions of motorists and tricycle operators across the country.


Under the new pricing regime, a driver’s license for motor vehicles will now cost ₦15,000 for a three-year validity period, up from previous rates, while the five-year option will be priced at ₦21,000. For tricycle operators, the cost of a driver’s license has been set at ₦7,000 for three years and ₦11,000 for five years.

The JTB cited rising administrative and production costs as the primary reasons for the price adjustment. “This decision was made to ensure the sustainability of the licensing system while maintaining high standards in document production and service delivery,” a JTB spokesperson stated.

This decision was made to ensure the sustainability of the licensing system while maintaining high standards in document production and service delivery

The announcement has sparked mixed reactions among Nigerians, with many expressing concerns over the financial burden amidst ongoing economic challenges. The Federal Road Safety Corps (FRSC) has urged citizens to comply with the new rates and renew their licenses promptly to avoid penalties.

Further details on the implementation process and potential exemptions are expected to be released by the FRSC and state vehicle administration agencies in the coming days.

Today's Biggest Headlines

Here are some of the news that you shouldn’t miss this morning

1. Sallah: Tinubu promises economic rebound, urges prayers for soldiers

2. Trump’s new bill may slash Nigeria’s $21bn remittance

3. USSD war: Telcos oppose airtime charges for bank transfers

4. 2027: Tinubu-Shettima ticket intact, says APC

5. Wike targets elite tax evaders in renewed FCT crackdown

6. FG engages Japan for ¥15bn loan

7. Trafficked Edo girl reunites with family after five years

8. Motorists groan as Lagos gridlock bites harder

9. US shifting from aid to trade in Nigeria, others – Ambassador

10. Abiodun gifts Falcons, Lionesses N30m, eyes more hosting rights

Gombe Police Clamp Down on Illegal Motor Parks and Unregistered Taxis

In a decisive move to enhance urban security and regulate transportation, the Gombe State Police Command has announced an immediate ban on unauthorized taxi operations and illegal motor parks within the Gombe metropolis. 

According to a statement by the Command’s Public Relations Officer, DSP Buhari Abdullahi, the Ibrahim Hassan Dan-Kwambo Motor Park is now the sole authorized location for all commercial passenger loading and unloading activities in the city. 

The police have also mandated that all taxis must bear the prescribed color and identification marks. Any vehicle operating without these specifications will be deemed illegal. Violators, including those loading or unloading passengers at unauthorized locations, will face legal consequences such as arrest, prosecution, and possible vehicle impoundment. 

Security agencies and relevant enforcement bodies have been instructed to monitor compliance and take necessary actions without hesitation. 


#GombeTransport
#UrbanSecurity
#IllegalMotorParks
#UnregisteredTaxis

Understanding the Difference Between Constituency Allocation and Allowance in Nigerian Politics

By Adebonojo Moyosore

In the ongoing discourse about governance, public trust, and legislative accountability, two often misunderstood concepts are constituency allocation and constituency allowance.Though they sound similar, their functions, implications, and sources of controversy are quite distinct. For a fair and informed opinion on political performance especially at the state or federal legislative level these terms must be properly unpacked.

1. Constituency Allocation: Developmental in Nature

Definition: Constituency allocation (often called constituency project fund) refers to public funds set aside in the national or state budget specifically for development projects within a lawmaker’s constituency. These could include boreholes, classroom blocks, health centres, road grading, and other public services.

Purpose: It is intended to bridge the gap between the federal/state government and rural or underrepresented communities. Lawmakers usually nominate or facilitate these projects through relevant MDAs (ministries, departments, and agencies), but do not directly manage or disburse the funds themselves.

Implications: These projects are not personal donations by the lawmakers.

Their execution is funded by taxpayer money, not private generosity.

Success or failure often depends on implementation by government agencies or contractors.


Controversy: Many constituents, unaware of this distinction, wrongly attribute the projects either directly to the lawmaker or blame them entirely for failed or poorly executed projects. It fuels false narratives of “generosity” or “non-performance”.


2. Constituency Allowance: Personal but Official

Definition: Constituency allowance, on the other hand, is part of a legislator’s official remuneration package monthly or annual financial provisions to support their operational cost of staying in touch with and servicing their constituents.

Purpose: This allowance covers logistics such as constituency office maintenance, staffing, community outreach, consultations, travel, and sometimes personal interventions (e.g., donations at burials, festivals, or emergencies).

Implications: It is personal spending with public funds, requiring judicious use.

Unlike allocations, this is not tied to infrastructure development but rather to representation and accessibility.

Misuse of allowance (e.g., pocketing the funds without maintaining constituency presence) is a frequent concern.


Controversy: Because it is not publicly tracked like project funds, the allowance often breeds mistrust and opacity. Critics see it as an avenue for “soft looting,” while defenders argue it’s essential for effective grassroots connection.

Conclusion: Clarity Is Accountability

When constituents conflate allocation with allowance, they risk misdirecting their anger or praise. A borehole funded through constituency allocation is a right, not a favour. And a town hall meeting organized from an allowance is part of a lawmaker’s duty, not charity.

For true political accountability, the public must demand transparency on both ends, developmental outcomes from allocations and representational value from allowances. Lawmakers must also educate their constituents and publish clear records, thereby reshaping political expectations from patronage to performance.

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Simon Ekpa denies terrorism charges as Finnish court begins trial https://newmail-ng.com/simon-ekpa-19/

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Amnesty International report on Nigeria jaundiced, says MURIC https://newmail-ng.com/muric-4/

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Yabatech sends forth 80 retirees in pomp https://newmail-ng.com/yabatech-16/

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Real Madrid pay Liverpool to sign Alexander-Arnold early https://newmail-ng.com/alexander-arnold-2/

Liverpool sign Frimpong from Leverkusen for £29.5m https://newmail-ng.com/liverpool-44/

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Enjoy Your Weekend

See what is posted on President Bola Ahmed Tinubu X handle.

“ Two years ago, you entrusted me with the sacred responsibility to lead our nation at a time of historic challenges. Together, we faced those headwinds with courage and determination.

The economic and general situation I inherited required that we redirect the country’s affairs with a bold and new vision. I immediately implemented two necessary policies—to stop our country from drifting into the precipice. We removed decades-long fuel subsidies and dismantled the corruption-ridden multiple exchange rate windows. These were no longer sustainable and had become a chokehold on our nation’s neck, strangling our future.

Let me be clear: the only alternative to the reforms we initiated was a fiscal crisis—runaway inflation, external debt default, crippling fuel shortages, a plunging Naira, and an economy in free-fall.

Despite the bump in the cost of living, we have made undeniable progress. Inflation has begun to ease. Rice prices and other staples are declining. Our oil and gas sector is recovering—rig counts are up by over 400%, and over $8 billion in new investments have been committed.

We have stabilised our economy. We’re better positioned for growth and prepared to withstand global shocks. Gross proceeds per barrel are aligned with forecasts. Fiscal deficit narrowed from 5.4% of GDP in 2023 to 3.0% in 2024. We recorded over N6 trillion in revenue in Q1 of this year.

We have discontinued Ways & Means financing. The NNPC, no longer burdened by unsustainable fuel subsidies, is now a net contributor to the Federation Account. We are achieving fuel supply security through local refining.

Our debt service-to-revenue ratio dropped from nearly 100% in 2022 to under 40% by 2024. We paid off IMF obligations. Our net external reserves grew from $4 billion in 2023 to over $23 billion by the end of 2024.

Under our bold tax reform agenda, our tax-to-GDP ratio rose from 10% to over 13.5% in just one year. Food, education, and healthcare now attract 0% VAT. Rent, public transport, and renewables are fully exempted. We’re eliminating multiple taxation and protecting disposable incomes—especially for low-income households and small businesses.

This is not just about revenue. It is about inclusive economic growth. This is about economic justice.

This is the movement we promised—a government of action powered by the energy and innovation of young Nigerians. From Innovate Naija and NASENI’s digital reboot, to electric vehicle assembly and drone engineering, we are restoring dignity to work and opening a future of possibilities.

I told security chiefs: up your game and collaborate to end this plague of evil men. Every Nigerian deserves to live without fear. We shall remain vigilant.

We are preparing to welcome the world to Nigeria for the Motherland Festival—a landmark gathering that will spotlight our rich heritage, vibrant creative industries, and the beauty of our people. It will showcase Nigeria’s promise—inviting the world to rediscover our nation.

Our journey is not over, but our direction is clear. So is our resolve. By the Grace of God, the worst is behind us. The real impact of our governance is beginning to take hold. The future is bright—and together, we will build a stronger, more inclusive Nigeria.

Bet on Nigeria.

~ PBAT

#HopeRenewed #NigeriaRising #BetOnNigeria

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FIRS Chairman Reveals Only 19% of Nigerians Pay Taxes, Launches Children’s Tax Education Initiative 

In a recent announcement, Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), disclosed that only 19% of Nigerians currently pay taxes, highlighting a significant compliance gap. 

To address this issue, FIRS has introduced a new initiative aimed at educating children about the importance of tax compliance. The agency launched a book titled Taxation: Essential Knowledge for Nigerian Children, designed to instill tax awareness from an early age. 

Adedeji emphasized that early education on taxation can foster a culture of responsibility and improve compliance rates in the future. He noted that incorporating tax education into school curricula is a strategic move to build a more informed and accountable citizenry. 

#TaxCompliance #FIRS #Nigeria #TaxEducation #CivicResponsibility

Nigeria’s Legislative Chambers Approve Comprehensive Tax Reforms

In a significant stride towards overhauling Nigeria’s fiscal framework, the National Assembly has passed four harmonized tax reform bills, now poised for President Bola Ahmed Tinubu’s assent. This legislative milestone marks a pivotal moment in the administration’s agenda to modernize the country’s tax system and enhance revenue generation.

The approved bills include:
1. Joint Revenue Board (Establishment) Bill, 2025 (SB. 583)
2. Nigeria Revenue Service (Establishment) Bill, 2025 (SB. 584)
3. Nigeria Tax Administration Bill, 2025 (SB. 585)
4. Nigeria Tax Bill, 2025 (SB. 586)   

These bills, initially transmitted to the National Assembly in November 2024, underwent meticulous scrutiny and reconciliation by a joint conference committee comprising members from both the Senate and the House of Representatives. The committee addressed and harmonized discrepancies between the versions passed by each chamber, ensuring a unified legislative package ready for executive consideration.  

Senator Mohammed Sani Musa, Chairman of the Senate Committee on Finance, highlighted the significance of these reforms, stating that they aim to “modernize and harmonize Nigeria’s tax architecture to ensure greater revenue mobilization and accountability.” 

Key provisions within the harmonized bills include:
• Imposition of a 4% development levy on assessable profits of all companies, excluding small and non-resident companies. The levy is to be collected by the Nigeria Revenue Service and allocated to various development funds. 
• Introduction of a 5% surcharge on chargeable fossil fuel products, aimed at promoting environmental sustainability and generating additional revenue. 
• Reorganization of tax collection responsibilities, transferring certain fiscal duties, such as royalty and petroleum profit tax collection, to the newly proposed Nigeria Revenue Service. 

The passage of these bills is anticipated to streamline tax administration, reduce redundancies, and foster a more transparent and efficient tax system in Nigeria. As the nation awaits President Tinubu’s assent, stakeholders express optimism that these reforms will catalyze economic growth and enhance public service delivery.

⸻According to Nigeriaobserver
#Nigeria #TaxReform #NationalAssembly #PresidentTinubu

Atiku, Suswam Criticize Tinubu’s Government on Second Anniversary

As President Bola Ahmed Tinubu marked his second year in office with a speech highlighting economic progress and reform, opposition figures took the opportunity to deliver a sharp rebuke of his administration’s performance.

Former Vice President Atiku Abubakar did not mince words, labeling Tinubu’s government as “the most incompetent and anti-people administration in Nigeria’s history.” He argued that the president’s policies have worsened the living conditions of ordinary Nigerians rather than improved them.

Similarly, former Benue State Governor Gabriel Suswam criticized the federal government for failing to respond effectively to the widespread suffering across the country. He noted that, despite the promises of reform and growth, many Nigerians continue to face harsh economic realities including inflation, high unemployment, and rising insecurity.

“What we are witnessing is not the change Nigerians were promised,” Suswam stated. “People are suffering, and there’s no clear indication that this administration understands or feels the urgency.”

The criticisms come amid ongoing debates about the impact of Tinubu’s reform agenda, especially the removal of subsidies and introduction of new tax policies. While the government points to fiscal improvements, critics argue that those gains have come at the expense of the most vulnerable.

—According to Dailypostnigeria

#Nigeria #Atikuabubakar #GabrielSuswam #TinubuAdministration