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Presidency Denies Discrepancies in New Tax Laws, Blames Misinformation

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By Yusuf Danjuma Yunusa

 

The Presidency has formally addressed recent concerns regarding discrepancies in the newly enacted tax reform legislation, dismissing media reports as based on misinformation. The clarification comes in response to calls from former Vice President Atiku Abubakar, Labour Party presidential candidate Peter Obi, lawmakers, and civil society groups to suspend the laws’ implementation, scheduled for January 1, 2026.

The dispute originated from allegations by Hon. Abdulsamad Dasuki, a member of the House of Representatives, who claimed that the versions of the tax laws officially gazetted differed from those debated and passed by the National Assembly. He described this as a breach of legislative due process.

In a televised interview on Channels Television’s ‘The Morning Brief’ on Monday, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, refuted these claims. He stated that the committee lacks the final certified copies of the harmonised bills passed by the National Assembly and transmitted to the President, making any comparison with the gazetted versions unverifiable.

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“Before you can say there is a difference between what was gazetted and what was passed, we have what has not been gazetted. We don’t have what was passed,” Oyedele explained.

“The official harmonised bills certified by the clerk, which the National Assembly sent to the President, we don’t have a copy to compare. Only the lawmakers can say authoritatively what we sent.”

Oyedele also addressed a specific controversy surrounding Section 41(8), which was alleged to require taxpayers to pay a 20% deposit before filing certain appeals. He confirmed that this provision does not appear in the final gazetted version, though it had been included in an earlier draft.

“What is out there in the media did not come from the committee set up by the House of Representatives. I think we should allow them to do the investigation,” he said.

Background on the Reforms

President Bola Tinubu recently signed into law four key statutes: the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act. These laws will be implemented under a unified body, the Nigeria Revenue Service.

The Federal Government describes the reforms as the most comprehensive modernization of Nigeria’s tax system in decades. They aim to simplify compliance, broaden the tax base, eliminate duplicative taxes, and modernize revenue collection across all levels of government.

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NANS-RN Disowns Alleged ‘President’, Warns Public Against Impostor

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The recognised leadership of the National Association of Nigerian Students, Republic of Niger Chapter (NANS-RN), has distanced itself from one Abubakar Muhammad Uwaisu, accusing him of falsely parading himself as the “National President” of the association.
In a press disclaimer issued by the association’s Secretary General, Comrade Mustapha Y. Haruna, the group described Uwaisu’s claim as “false, baseless, and a deliberate act of impersonation and misrepresentation.”

The association stated that Uwaisu “is not, and has never been” its president, urging the public, media organisations, government agencies, and diplomatic stakeholders to disregard any statements or representations made by him in that capacity.

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NANS-RN further alleged that Uwaisu lacks the qualifications and institutional backing required to assume any leadership role within the body, noting that leadership within the association is based on due process, legitimacy, and the confidence of its members.

The statement also raised concerns about alleged conduct attributed to Uwaisu, including remarks directed at Musa S. Mamman, Secretary General of the Nigeria–Niger Joint Commission, whom the association described as a respected diplomat with a record of national service.

The association cautioned key institutions such as the National Youth Service Corps and the Federal Ministry of Education against engaging with Uwaisu under any official pretence, emphasising that he does not represent Nigerian students in the Republic of Niger.

Reaffirming its commitment to protecting the integrity and unity of the student body, the leadership said it would pursue all lawful measures to safeguard the association’s image.

It also urged stakeholders to verify official communications through recognised NANS-RN channels to avoid being misled.

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UAE to Withdraw from OPEC Effective May 1, 2026

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By Yusuf Danjuma Yunusa

The United Arab Emirates (UAE) announced on Tuesday that it will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective May 1, 2026.

The decision, reported by a Dubai-based local media outlet, stems from the UAE’s long-term strategic and economic vision as its energy profile evolves. This includes accelerated investments in domestic energy production, following a comprehensive review of the country’s current and future production capacity, as well as its overall output policy.

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“This would be based on the UAE’s national interest and commitment to contributing effectively to meeting the market’s pressing needs,” the report added.

The UAE stated that it will continue to act as a responsible and reliable energy supplier, bringing additional production to the market gradually and measuredly, in line with demand and market conditions.

The Emirates also reaffirmed its commitment to investing across the entire energy value chain—including oil and gas, renewables, and low-carbon solutions—and to working with partners to ensure stable global supply.

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Abe Resumes as NUPRC Board Chairman, Pledges Improved Leadership

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By Yusuf Danjuma Yunusa

Senator Magnus Abe officially resumed as Chairman of the Board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) today, vowing to enhance the regulatory body’s capacity to fulfill its statutory mandate.

Speaking at the Commission’s headquarters shortly after his inauguration, Abe promised to provide stronger leadership and oversight while also committing to securing a more befitting office for the NUPRC to maximize staff productivity.

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“I want to assure management that we are here strategically to work with you and see that, as much as possible, we work together to uplift the Commission and to help our country,” Abe said.

The Chairman emphasized that the board’s core purpose is to deliver better leadership and oversight to the regulatory agency.

In her remarks, NUPRC Commission Chief Executive Mrs. Oritsemeyiwa Eyesan congratulated the new board members, noting that the Commission depends on them for direction in line with the Petroleum Industry Act.

Eyesan described the inauguration as coming at a “most auspicious moment,” particularly amid the current spike in oil and gas prices triggered by the ongoing Middle East crisis.

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