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Vice President Shettima to Market Nigeria to Global Audience at Davos- Tuggar

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Vice President Shettima to Market Nigeria to Global Audience at Davos- Tuggar

By: Michael Mike

Nigeria’s Vice President is expected to market the country to global audience at the 54th Annual Meeting of the World Economic Forum presently holding in Davos, Switzerland.

The Forum started on Monday 15th January and it is expected to end on Friday, 19th January, with series of meetings lined up for the leader of the Nigeria’s delegation, Vice President Kashim Shettima.

A statement by the Nigeria’s Minister of Foreign Affairs Ambassador Yusuf Tuggar on Monday, said Nigeria’s resilient business climate resonates with the agenda of the 54th Annual Meeting of the World Economic Forum; the 2024 edition with the theme Rebuilding Trust.

The statement which was signed by the spokesman of the Minister, Alkasim Abdulkadir noting that the intention of the meeting held annually in Davos, Switzerland, is to provide a crucial space that offers solutions to global challenges facing countries, especially transiting countries, said: “This year, the organizers of WEF have taken a step back and focused on the fundamental principles of driving trust, including transparency, consistency and accountability. All these soundly resonate with the Renewed Hope Agenda of President Bola Ahmed Tinubu, which is propelled by a commitment to unleashing the country’s full economic potential through focusing on job creation, access to capital for small and large businesses, inclusivity and, most importantly, the rule of law which underpins WEF’s theme for this year.”

Tuggar revealed that Nigeria’s Vice President Kashim Shettima, alongside 52 other Heads of State, including Xi Jinping, President of the People’s Republic of China, and Olaf Scholz, Chancellor of Germany, as well as over 1,500 CEOs and Chairpersons of the largest companies in the world, are expected at the global event.

He said the Vice President during the weeklong Forum is expected to engage with top global investors at the Meeting and participate in a series of programmes designed for Nigeria, including a Country Strategy Dialogue on Nigeria.

He added that the Nigeria’s delegation at Davos will be part of the Country Strategy Dialogue on Nigeria, which s a roundtable that will be chaired by Vice President Shettima – with the expected participation of 60 global CEOs/Chairs.

The Minister also said Nigeria is expected to have a stakeholder dialogue entitled “Transforming Energy Demand” to discuss what companies and governments can do to enable economic growth with less energy, where Minister of Petroleum Resources will be on the panel of discussants representing the Vice President.

The Vice President is also scheduled to hold a private meeting with Dolf van den Brink, Global Chief Executive Officer, Heineken to discuss areas of partnerships and collaboration and later in the same day attend another stakeholder dialogue entitled “Treating Soil as a Precious Resource to discuss ways of tackling the trilemma of food access and affordability, nutrition and health, as well as nature and climate, where he would be represented by the Minister of Industry, Trade & Investment, according to Tuggar.

Foreign Affairs Minister said the Vice President will privately meet James Quincey, Global Executive Chief Officer of Coca-Cola Company, with the engagement ending with a private dinner with Klaus and Hilde Schwab; noting that the dinner brings together Heads of State, Government, and International Organisations as well as members of the Board of Trustees, the International Business Council, and Strategic Partners.

Tuggar also revealed that the Vice President is scheduled to have a private breakfast entitled Driving Action Under the African Continental Free Trade Area, where the Forum Friends of the African Continental Free Trade Area (AfCFTA) coalition brings together heads of state, ministers, chief executives, and heads of international organisations to support the implementation of the AfCFTA agreement through public-private collaboration, and at noon, the Vice President will be represented at a private lunch event entitled “IGWEL: Lunch-Restoring Faith in the Global System” by himself (the Minister of Foreign Affairs).

Tuggar explained that this Informal Gathering of World Economic Leaders (IGWEL) convenes policymakers and business leaders to discuss what an effective multilateral system can look like and how to strengthen faith in global cooperation, adding that equally, the Vice President will host a private country-focused session entitled “Country Strategy Dialogue on Nigeria,” which will delve into the priorities of the Nigerian government and engage in a dialogue about the country’s economic path. He disclosed that the Nigeria Reception is a cultural and entertainment event to be hosted by Vice President Shettima and the ministerial delegation. It will feature Nigerian food, music, national ethos and culture. An estimated 600 participants are expected at the event.

Tuggar further stated that Nigeria’s participation at the Forum’s Annual Meeting provides an opportunity for Vice President Shettima to woo foreign investors to Nigeria. He also expressed optimism that Nigeria’s attendance holds great economic benefits for the country.

The World Economic Forum was established in 1971 as a not-for-profit foundation with its headquarters in Geneva, Switzerland, and the Forum engages the foremost political, business, cultural, and other leaders of society to shape global, regional, and industry agenda.

Vice President Shettima to Market Nigeria to Global Audience at Davos- Tuggar

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Police arrest three suspected kidnappers in Gombe

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Police arrest three suspected kidnappers in Gombe

By: Zagazola Makama

The Gombe State Police Command has arrested three suspected kidnappers following a tip-off from credible intelligence, sources said on Friday.

Police sources said the suspects were apprehended on March 10 at about 10:00 p.m. by operatives working in conjunction with local hunters.

The arrested suspects were identified as Mohammed Abubakar, 29; Mohammed Bello, 23; and Mohammadu Ali, 25, all residents of Galda Village, Fika Local Government Area of Yobe State.

According to the report, the suspects were planning to carry out a kidnapping in an unspecified location in Bauchi State. Upon interrogation, they allegedly confessed to the planned crime.

Police said investigations were ongoing to uncover further details and apprehend any other accomplices involved in the plot.

Police arrest three suspected kidnappers in Gombe

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Youths attack and kill two army officers while responding to dispute in Cross River

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Youths attack and kill two army officers while responding to dispute in Cross River

By: Zagazola Makama

Two army officers, including an intelligence officer, were reportedly killed during a violent clash between youths in a disputed crisis zone between Isabang and Alesi communities in Obubra Local Government Area of Cross River State.

Sources told Zagazola Makama that the incident followed a conflict on March 11 when Ibrahim Musa, a 25-year-old miner from Kusa, who deals in tin ore at Ekuri village, was allegedly beaten by youths at a village checkpoint and had his mined minerals seized.

The miner reportedly reported the attack to soldiers stationed at 245 Battalion, Edor Barracks, near Jenifer Etuh’s Hospital in Ochon. Troops responded by moving into the forest to arrest four youths allegedly involved in the attack.

Residents said other youths blocked the access road to prevent the arrest and attacked the soldiers. In response, they fired which resulted to the injuries of four persons, including Christopher Agara, 27, and Ogobi Egbe, 30, while two others were evacuated for native treatment.

The attack resulted in the deaths of two soldiers.

Additional troops have since deployed additional personnel to restore order in the area, and normalcy has reportedly returned.

Youths attack and kill two army officers while responding to dispute in Cross River

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New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe

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New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe

By: Michael Mike

Chairman of the National Tax Policy Implementation Committee (NTPIC), Joseph Tegbe, has said Nigeria’s new tax regime is structured to reduce the financial burden on workers and small businesses while strengthening the country’s fiscal stability and economic competitiveness.

Speaking at the BusinessDay Tax Reform Conference 2026 themed “Navigating the New Tax Regime: What It Means for Your Wallet,” Tegbe described the reforms as the most far-reaching restructuring of Nigeria’s tax system in decades. He noted that the initiative is aimed at simplifying tax processes, promoting fairness, and creating an environment that supports economic expansion.

According to him, the reforms are anchored on four major legislations — the Nigeria Tax Act, 2025, Nigeria Tax Administration Act, 2025, Nigeria Revenue Service (Establishment) Act, 2025 and the Joint Revenue Board of Nigeria (Establishment) Act, 2025 — which collectively introduce a more coordinated and transparent tax administration framework.

Tegbe explained that the new structure provides targeted reliefs for individuals and small enterprises, ensuring that low-income earners and emerging businesses are not overburdened by taxation.

Under the new regime, individuals earning below ₦800,000 annually will be exempted from personal income tax. Workers will also benefit from a rent relief allowance of up to 20 per cent, capped at ₦500,000, among other incentives designed to ease financial pressure on households.

Small businesses are equally positioned to gain from the reforms. Companies with annual revenues below ₦100 million and assets not exceeding ₦250 million will be exempted from Company Income Tax, while nano-enterprises with annual earnings below ₦12 million will not be required to pay income tax.

Despite these relief measures, Tegbe stressed that individuals and businesses within the exempted thresholds must still maintain proper documentation of their earnings and comply with the requirement to file tax returns.

He noted that beyond the tax reliefs, the reforms will also strengthen institutional coordination among key agencies including the Nigeria Revenue Service, the Joint Revenue Board of Nigeria, the Tax Appeal Tribunal and the Office of the Tax Ombud. He added that increased digitalisation of tax processes will improve transparency, efficiency and compliance across the system.

According to Tegbe, the broader objective of the reforms is to create a tax structure that supports enterprise development, encourages investment and enhances Nigeria’s ability to mobilise revenue for national development without placing excessive strain on citizens.

“The goal is to build a tax system that works for everyone — one that supports government in delivering development while also protecting the financial wellbeing of ordinary Nigerians,” he said.

Other dignitaries at the conference included Executive Secretary of the Joint Revenue Board of Nigeria, Olusegun Adesokan; Acting Executive Chairman of the FCT Internal Revenue Service, Michael Ango; renowned economist Uche Uwaleke; and policy expert Sam Amadi, among others, who also contributed to discussions on the implications of the new tax framework for businesses and households.

New Tax Regime to Ease Burden on Workers, Small Businesses — Tegbe

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