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Economic Reforms and Taxation Policy Will Result in Business Closures, Job Losses – Wakili

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Haruna Kabir Wakili, a prominent economic analyst and public affairs commentator, has raised concerns over the Federal Government’s proposed taxation policy, warning that it could trigger widespread business closures and job losses across Nigeria. In a statement issued to journalists on Monday, Wakili acknowledged the merits of the ongoing economic reforms but cautioned against the planned tax hike expected to take effect next year.

According to Wakili, while the reforms have yielded some positive outcomes, the proposed increase in taxation poses a serious threat to the survival of small and medium-sized enterprises (SMEs). “Implementing further taxes on the majority of businesses approximately 90 percent which are already facing significant challenges, would likely result in widespread business closures and substantial job losses,” he stated in the release.

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Wakili further criticized the proposal to tax the entire turnover of businesses or impose levies on double-digit profit margins, describing it as “inherently problematic.” He argued that such measures could stifle growth and discourage entrepreneurship. “The plan to tax individuals whose annual earnings or transactions surpass ₦800,000 is equally questionable,” Wakili noted, adding that it would be difficult to accurately determine income based solely on account transactions.

In his remarks, Wakili expressed concern over the approach taken by the Presidential Tax Reform Committee, suggesting that it lacked adequate consultation with key stakeholders. “With all due respect to the Tax Reform Committee, their strategy appears to lack thoroughness and adequate engagement with those who will be most affected,” he said. He warned that if the Federal Government proceeds with the reforms as currently outlined, the consequences could be severe, leading to economic disruption and heightened financial instability.

 

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Gombe flags off the disbursement of the second batch of the AGILE Conditional Cash Transfer

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Gombe State Government has flagged-off the distribution of ATM cards to Adolescent Girls in public schools under the Conditional Cash Transfer,CCT of the Adolescent Girls Initiative for Learning and Empowerment, AGILE Project.

Speaking at the flagging off of the disbursement at Government Junior Secondary School Malamsidi central in Kwami Local Government area, the Honourable Commissioner of Education, Associate Prof Aishatu Umar Maigari said the disbursement of the CCT is part of the Governor Muhammadu Inuwa Yahaya’s zeal and passion for the girl child education in the state.

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She said the concept is also geared towards supporting parents to cater for their children to remain in schools up to completion of their secondary education.

Associate Prof Aishatu Umar Maigari then assured the students that the government will continue to bring more educational policies that will further support students to pursue education with ease.

Earlier, the project coordinator of the AGILE, Dr. Amina Abdul noted that with the disbursement of the second cohort of the conditional cash transfer, the project was able to record significant improvement in enrollment and retention of students in schools across the state.

The project coordinator therefore urged parents to utilize the funds judiciously through supporting the education of their children.

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‎China, Nigeria Mark Friendship with Joint Cultural Mural

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‎A colourful mural celebrating both China’s National Day and Nigeria’s Independence Day has been unveiled at an overseas project site, serving as a vivid symbol of the enduring friendship between the two nations.
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‎The artwork, jointly produced by Chinese and Nigerian staff, features builders dressed in traditional Chinese costumes and Nigerian ethnic attire holding hands and dancing together.
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Above them, fireworks and white doves of peace illuminate the sky, while the inscription “10.1” highlights the dual significance of October 1, the China’s National Day and Nigeria’s Independence Day.
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‎On the left side of the mural, ancient Chinese architecture, red lanterns and auspicious cloud motifs showcase Chinese heritage.
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On the right, red earth, coconut palms and African drums reflect Nigeria’s cultural identity. Flowing ribbons weave across the painting, symbolising unity and shared destiny.
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‎Project officials described the mural as a “living testament” to cooperation at the frontline of development. They said it embodies mutual trust and support as workers from both countries overcome challenges together.
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‎The initiative underscores cultural integration and partnership, with both sides pledging to continue working hand in hand to strengthen ties.
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“Celebrating two festivals as one, we march forward with one heart,” a statement read, emphasising the commitment to write new chapters of friendship along the path of cooperation.
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‎The mural, rooted in the overseas project site, stands as a reminder of the brotherly bond between China and Nigeria, and the shared vision of building together for a brighter future.

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Musa Illiyasu Kwankwaso Celebrates Senator Lado @60, Says Is A Political Dogma

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From Muhammad Kabir Kano

The spokesperson of Political Appointees Forum from Kano State, Dr. Musa Illiyasu Kwankwaso, has described Senator Basheer Lado, the Special Adviser to President Tinubu on National Assembly Matters (Senate), who also doubles as the Chairman of the Appointees, on his 60th birthday, as a Political Blog who plays the game with maturity and respect.

Kwankwaso who also describes Senator as Political Dogma, praised his contributions to democratic governance, humanitarian services and national development.

“Senator Lado is a dependable public servant and accomplished legislator whose experience had helped strengthen relations between the Executive and the Senate and also steer ship the activities of the Political Appointees with huge respect and understanding”,

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He said it is on notice that Lado served in the Senate for four years before his by late President Buhari on Relief agency and subsequent appointment as Tinubu’s liaison officer in the upper chamber of the National Assembly.

Lado represented Kano Central Senatorial District in the Seventh National Assembly from 2011 to 2015, where he served as Vice Chairman of the Senate Committee on Works.

Lado facilitated several constituency projects, including the Kundila Bridge, popularly known as Gadar Lado, in Kano State. His contributions to humanitarian services through his previous roles as Federal Commissioner of the National Commission for Refugees, Migrants and Internally Displaced Persons, and Director-General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP).

He said Lado contributed to protecting vulnerable Nigerians, combating human trafficking and improving the welfare and rehabilitation of displaced persons.

Kwankwaso further commended the senator’s humanitarian initiatives through the Ladon Alheri Foundation, particularly in education, healthcare, women’s economic empowerment, rural water supply and support for disadvantaged communities.

” Lado’s contributions across public service reflected his commitment to national development and the welfare of Nigerians”, he added.

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