Connect with us

News

Tinubu Nominates Tax Reform Convener Oyedele as Minister

Published

on

 

By Yusuf Danjuma Yunusa

President Bola Tinubu has nominated the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Dr. Taiwo Oyedele, as the Minister of State for Finance.

Oyedele replaces Dr. Doris Anite-Uzoka, who has been redeployed to the Ministry of Budget and National Planning as Minister of State, her third portfolio in the administration.

The President on Tuesday conveyed Oyedele’s nomination to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio, according to a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, on Tuesday.

Until Tinubu nominated him as a minister, Oyedele from Ikaram, Akoko, Ondo State, was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.

The 50-year-old is an economist, accountant, and public policy expert who led the comprehensive overhaul of Nigeria’s tax system through the Presidential Committee on Fiscal Policy and Tax Reforms.

Advert

The committee, inaugurated in August 2023, delivered four executive bills that consolidated over 60 taxes into fewer than 10 statutes and introduced significant reforms, including zero income tax for Nigerians earning N800,000 annually or less.

The Tax Reform Acts, which became effective on January 1, 2026, also exempted small businesses with turnover below N50m from company income tax, capital gains tax, and development levy.

Other provisions include a 50 per cent tax deduction for companies hiring new workers for three years, a 50 per cent deduction for wage increases to the lowest-paid employees, and a five-year corporate tax holiday for agricultural enterprises.

Oyedele attended Yaba College of Technology, where he obtained a Higher National Diploma in Accountancy and Finance, before proceeding to Oxford Brookes University for a BSc in Applied Accounting.

He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.

Oyedele spent 22 years at PricewaterhouseCoopers, joining in 2001 and rising to become the Fiscal Policy Partner and Africa Tax Leader before his appointment to head the tax reform committee.

He is currently a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.

As Minister of State for Finance, Oyedele is expected to oversee the implementation of the tax reforms he championed, particularly as the government seeks to improve revenue generation and deepen economic reforms.

Anite-Uzoka, who is being redeployed to the Ministry of Budget and National Planning, previously served as Minister of State for Industry, Trade and Investment before her appointment as Minister of State for Finance.

The Senate is expected to screen and confirm Oyedele’s nomination in the coming weeks, following which he will be sworn in to assume his ministerial duties.

The Finance Ministry, currently led by Wale Edun as substantive minister, oversees fiscal policy, revenue mobilisation, debt management, and economic planning.

News

NASWDEN backs FG’s move to license, regulate scrap business, raises alarm over attack on members

Published

on

 

The National President, National Association of Scrap and Waste Dealers Employers of Nigeria (NASWDEN), Alhaji Fatai Ogunwale, has expressed the support of the association for the Federal Government’s Proposed licencing and regulations of Scrap business.

A statement made available to the News Agency of Nigeria (NAN) by its National President, Alhaji Fatai Ogunwale, on Tuesday, stated that the move was also to curb theft and vandalism in the country.Read Daily News

In a Two-Day stakeholders meeting in Lagos, the Federal Government under the supervision of the Federal Ministry of Steel Development, had moved to regulate Scrap industry business and operation in Nigeria.

The theme of the event is “Validation of the proposed Scrap metal Collection, Trading, Recycling and Regulations 2026”.

According to the President of the association, the move was targeted at those who engaged themselves in illegally stealing of metals and vandalism of critical infrastructure including electricity cables, railways components and manhole covers amongst others.

He expressed gratitude to the Federal Government for the initiative and warned against double taxation scrap metal dealers carrying scraps to end users or rolling mills across the country.

Advert

Ogunwale also called on the Federal Government to eradicate touts on our expressways who harrass NASWDEN members ,extort them while going about thier legitimate scrap business.

The President also informed stakeholders that NASWDEN had earlier launched anti Vandalism and currently working with security agencies to protect critical national infrastructure and the nation’s assets.

According to him, the move also involved the issuing of loading inspection confirmation clearance papers to members to check theft and vandalism by criminals parading themselves as scrap dealers.

In his remarks, the Minister of Steel Development, Shuiabu Audu, stated that the framework would establish an organised transparent scrap metal value chain in the country.

The Minister was represented by the Director of Metallurgical Raw Metal Development and Investment Promotion in the ministry, Mr Ime Eprikpo.

“The proposed Scrap metal collection, trading, recycling and regulations 2026, are also expected to improve the supply of the locally sourced raw materials to steal manufacturing companies.

As well as to formalise the activities of scrap dealers and strengthen environment and occupational safety standards, ”he added

I’m his remarks, the Deputy National President of NASWDEN, Comrade Aminu Hassan Soja called on the Federal Government to as a matter of urgency, tackle the issue of alleged attacks on its members by one Uche Ogbu Luke.

According to Soja, Luke is an impostor who allegedly uses armed thugs to intimidate and extort scrap dealers along highways across the South-East and South-South regions of the country.

” We call on the federal government tomurgently intervene and put an end to the activities of one Uche Ogbu Luke, whom he describes as an impostor allegedly using armed thugs to intimidate and extort scrap dealers along highways across the South-East and South-South regions of the country,” he alleged.

He urged the relevant security agencies to “investigate the allegations, apprehend those involved and protect innocent scrap dealers from harassment, intimidation and unlawful extortion”.

Continue Reading

News

ASUU Declares Strike at Zamfara State University

Published

on

 

The Academic Staff Union of Universities (ASUU), Zamfara State University branch, has declared an indefinite strike over what it described as the failure of the university management and relevant authorities to address its longstanding demands concerning staff welfare, salaries, promotions and working conditions.

The branch chairman, Comrade Anas Abubakar Dogo, announced the decision in a statement, explaining that the industrial action would commence at midnight on November 11, 2026.

Dogo said the decision followed the expiration of an initial two-week ultimatum issued to the university management, which was subsequently extended by another three weeks, bringing the total period of the ultimatum to five weeks.

According to him, the union had also embarked on a one-week warning strike in an effort to compel the authorities to address its grievances, but the failure to resolve the outstanding issues had left the branch with no option but to proceed with an indefinite strike.

The ASUU chairman listed several challenges confronting the university, including the absence of official student accommodation, inadequate staff housing, poor remuneration and the non-implementation of the Federal Government-ASUU agreement.

Advert

He lamented that students of the institution had no official university hostel, while members of staff were also without adequate accommodation, describing the situation as a major challenge to the effective administration and development of the university.

Dogo further accused the university authorities of failing to implement the Federal Government-ASUU agreement in its entirety, including the payment of outstanding arrears owed to academic staff.

The union also expressed dissatisfaction over the non-payment of promotion arrears, noting that the failure to implement staff promotions and their accompanying financial benefits had continued to undermine the morale of lecturers.

On staffing, the ASUU chairman raised concerns over the shortage of academic personnel, disclosing that some departments had only one tenured academic staff member, while others had none.

He warned that the situation was affecting the university’s academic capacity and could undermine the quality of teaching, research and other academic activities.

The union also described Zamfara State University as a training ground for academic staff, alleging that many lecturers were leaving the institution for other universities where better remuneration and improved working conditions were available.

Dogo disclosed that many academic staff members earned monthly salaries ranging from N96,000 to N120,000, a situation he said was inadequate and had contributed to the institution’s difficulty in retaining qualified lecturers.

He consequently demanded the full implementation of the Federal Government-ASUU agreement in all its provisions, including the settlement of all outstanding arrears.

The union also demanded the implementation of staff promotions and the payment of all accumulated promotion arrears.

The ASUU chairman stated that all academic activities on the university campus would remain suspended throughout the period of the industrial action.

He urged the relevant authorities to address the union’s demands to facilitate a resolution of the dispute and ensure the resumption of academic activities.

Continue Reading

News

Tinubu’s Jigawa Rally Signals Growing Northern Support, TMS Says as President Defends Economic Reforms

Published

on

 

The Tinubu Movement for Sustainable Governance Foundation (TMS), popularly known as Tinubu Must Stay, has described the large turnout that greeted President Bola Ahmed Tinubu’s campaign visit to Jigawa State as an indication of growing grassroots support for his administration and re-election bid ahead of the 2027 general elections.

Speaking at the rally in Dutse, TMS Director of Special Duties, Dr. Usman Baita Elleman, said the enthusiasm displayed by residents demonstrated what the movement considers increasing acceptance of the President’s economic policies despite the hardship and criticism that accompanied their introduction.

“The rally was very beautiful. People came out in their numbers to show solidarity with the President and the governor. From what we saw today, there is no doubt that President Tinubu enjoys enormous support in Jigawa State and across Northern Nigeria,” Elleman said.

He said members of TMS, led nationally by Kashifu Inuwa Abdullahi, who hails from Jigawa State, participated prominently in the mobilisation, with the movement displaying banners, billboards and other campaign materials across the state.

Elleman said TMS would intensify its campaign to explain the rationale behind some of the administration’s most consequential policies, particularly the removal of petrol subsidy.

According to him, although the reforms have imposed short-term hardship, they were introduced to address structural economic problems and place public finances on a more sustainable footing.

“We are telling Nigerians the facts about these policies. Some of the decisions may be painful, but they are aimed at putting the country on a sustainable path,” he said.

He also cited the student loan programme and other interventions targeted at young Nigerians as initiatives the movement would highlight during its grassroots engagements.

Advert

Beyond conventional political mobilisation, Elleman said TMS had been organising sensitisation and empowerment programmes for small-scale entrepreneurs, combining political advocacy with community-level interventions.

He said the movement would sustain its public enlightenment and grassroots mobilisation as political activities intensify ahead of the 2027 elections.

Tinubu Says Reforms Beginning to Gain Acceptance

Addressing supporters at the Dutse Township Stadium, President Tinubu defended his administration’s economic reforms, arguing that the policies were beginning to produce results and gain wider public acceptance.

The President maintained that petrol subsidy removal was irreversible and rejected suggestions by political opponents that the subsidy regime could be restored sustainably.

“To those who say subsidy is coming back, it’s a lie. Don’t let them lie to you again. It is not going to come back,” Tinubu told supporters.

He argued that the subsidy had consumed substantial public resources that could instead be directed towards infrastructure, agriculture, education and social development.

“We have to think about the future of our children. The money must be invested in areas that will create prosperity and opportunities for all Nigerians,” he said.

President Promises Mechanised Farming Centres, Interest-Free Loans

Turning to agriculture, Tinubu announced plans to expand government support for farmers through interest-free financing and mechanised farming service centres across the country’s six geopolitical zones.

“We have to invest in agriculture. There will be interest-free loans for farmers. Prosperity is coming. Food security will happen,” he said.

The President also pledged further investments in electricity, skills acquisition, youth empowerment, job creation and support for small and medium-sized enterprises.

On security, he said the Federal Government was strengthening the operational capacity and welfare of security agencies to improve their ability to tackle criminality.

Tinubu also described the Nigerian Education Loan Fund (NELFUND) as an important instrument for expanding access to higher education and tackling poverty, pledging to broaden opportunities for young Nigerians.

Shettima Highlights Northern Infrastructure

Vice-President Kashim Shettima, who also addressed the rally, said ongoing investments in infrastructure and agriculture demonstrated the administration’s commitment to Northern Nigeria.

He cited projects including the Kano-Maiduguri Road, Kano-Maradi railway and Kwanar Danja-Hadejia Road, urging residents to assess the administration on its development record.

APC campaign officials similarly described the turnout as evidence of the party’s continued political strength in the North.

TMS members were visibly involved in mobilisation at the rally, which attracted supporters from Jigawa and beyond.

For the movement, the Dutse gathering forms part of a wider strategy combining support for Tinubu’s re-election with policy sensitisation, community engagement and economic empowerment as Nigeria moves closer to the 2027 general elections.

 

Continue Reading

Trending