Connect with us

News

NDUME THE PETREL AND TINUBUS TAX REFORMS OF TROUBLE.By: Inuwa Bwala

Published

on

NDUME THE PETREL AND TINUBUS TAX REFORMS OF TROUBLE.By: Inuwa Bwala

Intrigues, intimidation, blacknail,bribes, and lobbying were said to be part of the strategies used in the moves to get the 4 Tax Reform Bills presented to the National Assembly by President Bola Ahmed Tinubu passed.

Unconfirmed reports had it that, Senators were offered N50m each, while N30m was dangled before each member of the House of Representatives.

Recalcitrant Senators and members were either threatened or blackmailed, even as President Bola Ahmed Tinubu’s foot soldiers employed lobbying tactics to get the bills passed.

But like the infamous Third Term Bill of the Olusegun Obasanjo era, the bills seem to be heading for the dustbin. Nigerians, especially Northerners, have never been so united in opposing a particular government policy, as they did over the obvious ill-fated tax reform bill of President Bola Ahmed Tinubu.

In what could be described as a courageous stance against their own government, members of the rulling All Progressives Congress, APC, were in the vanguard of campaigning against the bill and may eventually shoot it down.

Both Senators and members of the House of Representatives, seem to tow the lines of the Northern Governors Forum, the Arewa Consultative Forum and the National Economic Council: all of whom advocated for the withdrawal of the bills, to allow for wider consultations and Public sensitization.

To them, the tax reform bills are delicate and require a deeper reflection on the mood and socio-economic realities of the country, before presentation, and passage.

In the face of attempts by their leadership to have the bills sail through, the lawmakers were vehement in opposing the passage of the bills, arguing that the mood of the country and the socio- economic realities in Nigeria cannot accommodate the assumed bebefits.

The petrel in the red chambers, Senator Mohammed Ali Ndume: who represents Borno South Senatorial District, seem to have spoken the minds of other Nigerians, in the crusade against the tax bills.

To him, the benefits of the bill were only apparent to the President and his tax reform experts, but the generality of Nigerians are bound to suffer in the long run, if the bills are allowed.

Ndume, during plenary and in an interview with Channels Televission insists that the seeming desperation on the part of the leadership of National Assembly smacks of a plot to further deprive Nigerians of the dividends of democracy.

Ndume’s position was re-echoed in the House of Representative, where members shouted down attempts by the Speaker, Honorable Abbas, to get a soft landing for the bills.
While the Senate President, Godswill Akpadio seem to have had his way with the bills, using the gavel: referring all four bills to the Finance Committee, the story with the House of Representatives is a different ball game.

Debates on the bill have been differed for Tuesday in the House of Representatives apparently buying time to further lobby. But most vocal memberst of the house: names with held told me in confidence that, since the law requires the passage of the bills by both chambers of the National Assembly, any action taken by the Senate will be an exercise in futility, as the House of Representative is determined to shoot the bills down.

Whatever becomes the fate of the President’s four tax reform bills, it is clear that, the Executive and the leadership of the National Assembly may have their ways but as Senator Ndume said, the lawmakers will have their says.

NDUME THE PETREL AND TINUBUS TAX REFORMS OF TROUBLE.By: Inuwa Bwala

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

Published

on

Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

By: Michael Mike

The Nigeria Movement of Solidarity with Cuba (NMSC) has expressed deep condolences to the government and people of Cuba following the killing of 32 Cuban internationalists in Venezuela.

In a press statement issued in Abuja on Saturday, the pro-people coalition, which includes labour unions, civil society organisations and intellectuals, alleged that the Cuban nationals were killed during an attack in Caracas on January 3, 2026, while protecting Venezuelan President Nicolás Maduro, his wife, Cilia Flores, and what it described as the sovereignty of Venezuela.

The group said the Cubans chose to resist despite being overwhelmed, describing their actions as a demonstration of courage, honour and commitment to international solidarity.

NMSC drew parallels between the incident and past historical events where Cuban nationals were involved in overseas struggles, including the 1983 U.S.-led invasion of Grenada and Cuba’s military support for African liberation movements in Angola, Namibia and South Africa during the fight against apartheid.

According to the organisation, thousands of Cuban youths lost their lives in Africa while contributing to the dismantling of apartheid systems backed by Western powers. The group noted that Cuba’s internationalism has not been limited to armed conflicts, citing the country’s long-standing medical outreach to developing nations, including Nigeria.

The statement also recalled Cuba’s response during the COVID-19 pandemic, when it dispatched medical teams to dozens of countries and received hundreds of stranded cruise ship passengers at a time many nations had closed their borders.

NMSC extended its sympathy to the families of those killed in Venezuela and called on the United States government to respect international law, halt what it described as foreign military interventions, and lift sanctions imposed on Cuba, Venezuela and other countries.

The group further aligned itself with repeated resolutions of the United Nations General Assembly calling for the end to the decades-long U.S. embargo against Cuba, insisting that global peace and development require cooperation rather than conflict.

The statement was signed by veteran labour activist and writer, Owei Lakemfa, on behalf of the Nigeria Movement of Solidarity with Cuba

Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

Continue Reading

News

NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

Published

on

NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.

The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.

They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.

“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.

“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.

According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.

“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.

“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”

The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.

They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.

They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.

They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.

“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”

NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

Continue Reading

News

Troops neutralise bandit, recover arms in Plateau raid

Published

on

Troops neutralise bandit, recover arms in Plateau raid

By: Zagazola Makama

Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.

Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.

According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.

“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.

The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.

The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.

Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.

Troops neutralise bandit, recover arms in Plateau raid

Continue Reading

Trending

Verified by MonsterInsights