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Slash On Imported Vehicles’ Duties Begins Next Week —— Customs

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The reduction in the duties on vehicles and tractors from 35 to about 10 percent may take off next week, the Nigeria Customs Service said on Tuesday.

Comptroller-General of Customs, Hameed Ali, who disclosed this to journalists in Abuja, said the management of the service was expecting an official communication from the finance ministry on the matter any moment from now.

He said the vehicle tariff reduction, as contained in the 2020 Finance Act, was initiated by the NCS to ease the cost of transportation in Nigeria.

He said, “We are the proponents of the new tariff. I’ve been torn apart by many people criticizing it, saying I used my connection to get it done. But it is in the overall interest of Nigeria.

“Now, it has become a law. We are now waiting for the finance minister to give us a formal conveyance of that Act. Once we receive it, we commence implementation immediately and inform our commands.

“We are hoping that latest by next week, it will become operational.”

On the African Continental Free Trade Agreement, Ali said all aspects that concerned the NCS had been adhered to.

He, however, noted that the service would need certain inputs from the AfCFTA secretariat, such as rules of origin, as this should not be left to chambers of commerce alone, adding that the NCS should part of the team.

BIG STORY

Your Sacrifices Of Past 19 Months Won’t Be In Vain — President Tinubu To Nigerians

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President Bola Tinubu has praised Nigerians for their sacrifices since he took over the reins on May 29, 2023.

The president has implemented a raft of reforms that have left huge holes and dents in millions of pockets and bank accounts — culminating in Nigeria’s worst economic crisis in decades.

In August of 2024, Nigerians took to the streets to protest biting hunger, poor governance, and galloping inflation.

In his New Year message, Tinubu said there is light at the end of the tunnel.

“Dear Compatriots, I urge you to continue believing in yourselves and keeping faith in our blessed country,” he said.

“Let me use this New Year’s message to urge our governors and local council chairpersons to work closely with the central government to seize emerging opportunities in “agriculture”, “livestock”, and “tax reforms” and move our nation forward.

“I commend governors who have embraced our Compressed Natural Gas initiative by launching CNG-propelled public transport. I also congratulate those who have adopted electric vehicles as part of our national energy mix and transition. The Federal Government will always offer necessary assistance to the states.

“To all citizens, your sacrifices have not been in vain over the past 19 months. I assure you they will not be in vain even in the months ahead. Together, let us stay the course of nation-building.

“The New Year will bring us closer to the bright future we all desire and the Nigeria of our dreams.”

The president also said his administration will “continue to embark on necessary reforms to foster sustainable growth and prosperity for our nation.”

“I seek your cooperation and collaboration at all times as we pursue our goal of a one trillion-dollar economy. Let us stay focused and united,” he added.

“We are on the right path to building a great Nigeria that will work for everyone. Let us not get distracted by a tiny segment of our population that still sees things through the prisms of “politics”, “ethnicity”, “region”, and “religion.”

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BIG STORY

NLC Demands Withdrawal Of Tax Reform Bills, Seeks Wage Review

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The Nigeria Labour Congress has called for the withdrawal of the Tax Reform Bills submitted by President Bola Tinubu to the National Assembly, urging a more inclusive process involving key national stakeholders.

The union, in its New Year message to Nigerians on Tuesday, emphasised the need for the government to prioritise citizen welfare and address the rising cost of living in 2025.

The NLC President, Joe Ajaero, described the bills as controversial, particularly in northern regions, where they have been criticised as detrimental to economic growth.

He stated that creating a comprehensive national tax policy requires collaboration across all sectors to ensure transparency and acceptance.

In the statement titled ‘In 2025, hope is in our collective resolve’, the NLC urged the government to prioritise policies that improve access to “food”, “healthcare”, “housing”, “education”, “transportation”, and “security”.

It also called for enhanced worker welfare, stating that fulfilling these needs is fundamental to effective governance.

Ajaero emphasised the union’s commitment to negotiating an upward wage review to address the economic challenges faced by workers.

He stressed the need for compliance with the 2024 National Minimum Wage Act and pledged to engage the government in safeguarding workers’ welfare through fair wage adjustments.

The NLC also criticised the increasing use of force in interactions with unions, warning that such actions could disrupt industrial harmony.

“As we step into the year 2025, the Nigeria Labour Congress, NLC, extends warm New Year greetings to every worker and citizen across our great nation.

“The challenges of survival we have faced as a people must not hold us down. Instead, let us find inner strength to build a collective resolve to drive Nigeria out of the morass of underdevelopment that has held it captive for far too long.

“No external power will deliver us from the scourge of economic hardship and stagnation. It is only through our collective effort and determination that we can propel our nation forward,” the statement read.

It urged the government to engage in meaningful social dialogue and uphold agreements with trade unions to maintain peace in the labour sector.

Looking ahead, the NLC plans to host a national dialogue in Ibadan this January to foster collaboration on a new tax framework that supports national development.

The union expressed hope for constructive engagement with social partners to build a more inclusive and prosperous Nigeria.

The statement added, “It is on this premise that we once again call on the federal government to withdraw its present tax bills before the National Assembly so that all key national stakeholders will be part of the process.

“As we embark on a national dialogue in Ibadan in January 2025, we want to join hands in co-creating a new national tax law that would enjoy wider acceptance and fulfil its purpose of propelling national development which we believe is the main objective of government.

“As we move into 2025, we urge the federal government to prioritise industrial peace by taking social dialogue seriously, pursuing pro-human progress policies, and respecting agreements with trade unions.

“We insist that governments at all levels must comply with the provisions of the 2024 National Minimum Wage Act from the very beginning of the year. Furthermore, given the economic realities imposed by recent government policies, we shall engage the government for a wage review to safeguard workers’ welfare.”

The NLC reaffirmed its dedication to advocating for workers’ rights and ensuring that governance reflects the needs of citizens, urging unity and collective resolve to drive the country toward sustainable development.

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BIG STORY

Youth Confab To Begin In First Quarter Of 2025 — President Tinubu

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President Bola Tinubu has announced that a national youth conference organized by the federal government will commence in the first quarter of 2025.

Tinubu made this statement on Wednesday during his New Year message to Nigerians.

The president emphasized that the conference is a reflection of his administration’s commitment to youth inclusiveness and their role as nation-builders.

“The Ministry of Youth will soon announce the modalities for selecting the conference’s representatives from our diverse, youthful population,” he stated.

Tinubu also urged governors and local council chairpersons to collaborate with the federal government on agriculture, livestock, and tax reforms to propel the country forward.

“I commend the governors who have embraced our Compressed Natural Gas initiative by launching CNG-propelled public transport. I also congratulate those who have adopted electric vehicles as part of our national energy mix and transition,” he remarked.

“The federal government will always offer necessary assistance to the states,” he added.

“To all citizens, your sacrifices have not been in vain over the past 19 months. I assure you they will not be in vain even in the months ahead. Together, let us stay the course of nation-building,” the president stated.

He also revealed that he would launch a National Values Charter in the first quarter of 2025 to encourage patriotism and national pride among citizens.

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