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Presidency Clarifies Tax Reform Bills, Denies Plans to Scrap Key Agencies

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The State House has issued a statement clarifying the contents of the transformative tax reform bills currently before the National Assembly, denying claims that the bills recommend scrapping key agencies such as the Tertiary Education Trust Fund (TETFUND), the National Agency for Science and Engineering Infrastructure (NASENI), and the National Information Technology Development Agency (NITDA). The statement, signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy, emphasized that no provision in the bills would impoverish the North.

The statement addressed the misinformation and deliberate attempts to mislead the public by various political actors and commentators. “Unfortunately, most reactions are not grounded in facts, reality, or sufficient knowledge of the bills,” Onanuga stated. He criticized those who have polarized the country and incited people against lawmakers.

Onanuga clarified that the tax reform bills aim to enhance the quality of life for Nigerians, especially the disadvantaged, and will not make Lagos or Rivers more affluent at the expense of other parts of the country. “The bills will not destroy the economy of any section of the country,” he asserted.

Contrary to the lies being peddled, the statement emphasized that NASENI, TETFUND, and NITDA will not cease to exist in 2029 after the passage of the bills. “Government agencies, such as NASENI, TETFUND, and NITDA, are funded through budgetary provisions with company income tax and other taxes paid by the same businesses that are being overburdened with the special taxes,” Onanuga explained.

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President Bola Tinubu’s Tax and Fiscal Policy Reforms aim to streamline tax administration in Nigeria and create a conducive environment for businesses. “For decades, businesses, investors, and private sector players in Nigeria have complained of being overburdened by a myriad of taxes and levies,” the statement noted. The multiple taxes have made Nigeria uncompetitive for investment and have forced some companies to relocate to other countries.

The proposal in section 59(3) of the Nigeria Tax Bill seeks to consolidate some of the earmarked taxes imposed on companies and replace them with a single tax to be shared with key agencies as beneficiaries in a phased manner until 2030. This time frame offers ample opportunity for the affected agencies to explore other funding sources in addition to budgetary allocations.

Onanuga stressed that changing an agency’s funding source does not amount to scrapping it. “None of the countries leading globally in education, science, engineering, or information technology have similar earmarked taxes,” he pointed out. The tax bill seeks to address the problem of overburdening businesses with multiple taxes.

The statement called on relevant stakeholders and public analysts to educate themselves about the bills’ contents and avoid misleading the public. “We may be entitled to our opinions, but such views must be informed and based on facts, not emotions targeted at inflaming passions,” Onanuga urged.

President Tinubu welcomed the public interest in the bills and encouraged leaders across the country to participate in the Public Hearings organized by the National Assembly to present their views on tax and fiscal reforms. “What is never in doubt is the imperative of changing the existing tax laws and administration that have become obsolete and unhelpful in achieving the growth and development we desire for our country,” the statement concluded.

 

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World leaders gathered at the Vatican for the funeral of the global Christian leader, Pope Francis.

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The funeral of Pope Francis, who died aged 88, has begun at St Peter’s Square in the Vatican, where hundreds of thousands of Catholic faithful have gathered to bid farewell to the pontiff.

Pope Francis died from complications following a stroke and heart failure.

The ceremony has drawn an extensive list of international dignitaries, including at least 50 heads of state, 10 reigning monarchs and 130 national delegations.

French President Emmanuel Macron, US President Donald Trump, Ukraine’s President Volodymyr Zelenskyy, UN Secretary-General Antonio Guterres, Britain’s Prince William and former US President Joe Biden are among the attendees.

From the Middle East, Joseph Aoun, the president of Lebanon, home to a sizeable Christian community, as well as King Abdullah of Jordan and his wife Queen Rania are attending the ceremony.

 

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2027: Pro-Fubara protesters want suspended Gov to run as Atiku’s VP

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Pro-Fubara protesters in Rivers State are demanding that suspended Governor Siminalayi Fubara, should not be coerce into joining any party even as they called on him to run as Atiku Abubakar’s vice presidential candidate in 2027.

In a trending video online posted on Facebook by some supporters of Gov. Fubara, a lady in black an ardent supporter of suspended Gov Fubara, alongside other protesters apparently registering their anger in the clip declared that:

“We want Fubara returned as Governor. We’re waiting for our own northern collaboration, what we want is for our Governor, to run as vice president with Atiku Abubakar.

“Yesterday (Wednesday) our Governor met with Wike and he was told to support Tinubu, what kind of arrangement is that, we’re not in support of that.

The group’s leader apparently exhibited the position of Fubara as their support is for Atiku/Fubara ticket.

There is no smoke without fire as 2027 macabre dance by Fubara got exposed.

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APC Using Money, EFCC Threats To Weaken PDP Through Defections-Bugaje

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Former member of the House of Representatives and ex-presidential adviser Dr. Usman Bugaje has accused Nigeria’s ruling party, the All Progressives Congress (APC), of systematically using money to induce defections from the opposition Peoples Democratic Party (PDP).

Speaking in an interview with Arise News, Bugaje claimed that the APC has been aggressively targeting opposition figures, leveraging both financial incentives and potential legal threats.

His words: “Well, for what I know—and I don’t claim to know everything—the APC is basically using money to buy off PDP.

“Some say it’s a carrot and stick approach. The money is the carrot. What’s the stick? Possibly the EFCC. They might do these kinds of things. This has been the practice since the time of President Obasanjo.”

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Bugaje argued that the root cause of the ongoing wave of defections is money, warning that such practices pose a grave threat to Nigeria’s democratic system.

He said: “For me, this is a very serious issue. This should be the center of our political discourse. As long as money remains the determining factor, then that’s the end of democracy and the end of politics.”

His comments come in the wake of a major political shake-up in Delta State, where Governor Sheriff Oborevwori and former Governor Ifeanyi Okowa, who was also the PDP’s 2023 vice-presidential candidate, defected to the APC. They were joined by members of the National Assembly, State Assembly, and several local government chairmen.

Bugaje stated that he is skeptical about the PDP’s ability to function as an effective opposition.

“There has not been real opposition since the moment Nyesom Wike did what he did,” Bugaje said.

“The PDP missed its chance to be a viable opposition party. Just look at their conduct on major national issues—from emergency rule debates to budget discussions. They failed to act like an opposition,” he added.

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