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Tax Reform Bills: President Tinubu Directs Justice Ministry, NASS To Work On ‘Concerns’

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has directed the Federal Ministry of Justice and the National Assembly to address concerns raised over the tax bills.

The transmission of the Tax Reform Bills to the National Assembly has sparked widespread criticism, particularly from some governors in the northern region. Critics argue that the bills could harm the northern region and further impoverish Nigerians.

To address these concerns, President Tinubu has instructed the Ministry of Justice to engage with the National Assembly’s leadership to address any issues with the bills.

“It is pertinent to state that the government has nothing sinister to warrant the suggestion that the process is being rushed. In line with the established legislative procedure, the Federal Government welcomes meaningful inputs that can address whatever grey areas there may be in the bill,” Minister of Information and National Orientation Mohammed Idris said in a statement on Tuesday.

“In this vein, President Tinubu has already directed the Federal Ministry of Justice and relevant officials who worked on the drafts to work closely with the National Assembly to ensure that all genuine concerns have been addressed before the bills are passed.”

  • ‘Spirit of Democratic Engagement’

Mohammed stressed that President Tinubu remains committed to accountability to the Nigerian people and praised the debates generated by the tax bills as “welcomed, and commendable.”

“It is very inspiring to see Nigerians from all walks of life coming out to express their views and opinions on these matters of critical national importance,” he said. “This is the very essence and meaning of democracy.”

“In the spirit of democratic engagement, there should be no room for name-calling or the injection of unnecessary ethnic and regional slurs into this important national conversation,” the minister added.

Some critics have argued that the bills are targeted at impoverishing certain states, particularly in the north. However, the minister dismissed these claims as “fake news” and “misinformation.”

“The fiscal reforms will not impoverish any state or region of the country, neither will they lead to the scrapping or weakening of any federal agencies,” he stated.

Once passed, he added, these bills are expected to “bring relief to tens of millions of hardworking Nigerians” and “empower and position our states and the 774 local governments for sustainable growth and development.”

“On top of this necessary foundation, the resources being conserved and realized from these reforms will be invested in critical infrastructure (healthcare, education, transportation, digital technology, etc.) and in social investments that will benefit all Nigerians and ensure that no one is left behind,” the statement read.

  • Experts Call for Restraint, Patriotism

The Tax Reform Bills have continued to generate significant debate among Nigerians.

Following the heated discussions, Channels Television hosted a town hall event on Monday to examine the pros and cons of the tax bills. The event featured a range of experts, including the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele; former Speaker of the House of Representatives, Yakubu Dogara; Group CEO of Global Investment and Trade Company, Baba Yusuf; Public Affairs Analyst and Writer, Michael Chibuzor; and former President of the Institute of Chartered Accountants of Nigeria.

Governor Sule Abdullahi of Nasarawa also participated in the discussion.

At the town hall, panelists urged restraint and called for a thorough review of the bills to address any grey areas.

Oyedele, who was instrumental in drafting the bills, highlighted that they contain over 200 “transformative provisions” aimed at fixing the country’s fiscal system and guiding it toward prosperity. He reassured Nigerians that the bills should not be held up by a few contested provisions.

“These Bills have more than 200 transformative provisions to fix our country and set us on the right path to prosperity,” Oyedele said. “We should not allow one or two provisions that we can easily discuss and agree on to become the pain or the bottleneck.”

Dogara also appealed to the northern region, urging them not to condemn President Tinubu over the bills, asserting that the measures are not aimed at undermining the north.

“I want to talk to my brothers in the North. I don’t think this is the time for us to begin to condemn the president and to begin to say that on account of these bills, he is anti-north,” Dogara said.

The Tax Reform Bills have already passed their second reading in the senate, despite calls for their withdrawal.

BIG STORY

BREAKING: Nigeria’s Inflation Rate Drops To 23.18%

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The National Bureau of Statistics (NBS) has reported a decrease in Nigeria’s inflation rate, which fell to 23.18% in February from 24.48% in January.

The announcement was made in the February 2025 Consumer Price Index (CPI) released by the NBS on Monday.

According to the bureau, the headline inflation rate in February increased slightly by “1.30% points when compared to the January 2025 headline inflation rate.”

The NBS stated:

“In February 2025, the Headline inflation rate eased to 23.18% relative to the January 2025 headline inflation rate of 24.48%.”

“Looking at the movement, the February 2025 Headline inflation rate showed a decrease of 1.30% compared to the January 2025 Headline inflation rate.”

On a year-on-year basis, the headline inflation rate was 8.52% lower than the 31.70% recorded in February 2024.

The NBS further noted:

“This shows that the Headline inflation rate (year-on-year basis) decreased in February 2025 compared to the same month in the preceding year (i.e., February 2024), though with a different base year, November 2009 = 100.”

Additionally, the month-on-month inflation rate for February 2025 was recorded at 2.04%.

 

More to come…

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BIG STORY

Rivers Assembly Accuses Fubara, Deputy Of Misconduct, Issues Notice

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The Rivers State House of Assembly has issued a notice accusing Governor Siminalayi Fubara and his deputy, Ngozi Odu, of alleged misconduct.

A total of twenty-six members of the assembly made these allegations against Fubara in a notice submitted to Speaker Martin Amaewhule on Monday.

According to the lawmakers, their actions are based on “Section 188 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and other existing laws.”

They accused Fubara of various offenses, including unconstitutional and reckless spending of public funds, hindering the Assembly’s activities, and appointing individuals to government positions without undergoing the required screening and confirmation.

Additional allegations include withholding salaries, allowances, and funds designated for the Rivers State House of Assembly, as well as blocking the salary of Clerk Emeka Amadi.

The lawmakers also accused Deputy Governor Ngozi Odu of “conniving and supporting the illegal appointment of persons to government positions without the required screening and confirmation.”

After receiving the notice, Amaewhule forwarded it to Fubara, stating that the allegations had been brought forward by “not less than one-third (1/3) of the membership of the Rivers State House of Assembly.”

He then urged the governor to respond to the allegations, citing Section 188(3) of the Constitution, which states, “Within 14 days of the presentation of the notice to the Speaker of the House of Assembly (whether or not any statement made by the holder of the office in reply to the allegation contained in the notice), the House of Assembly shall resolve by motion, without any debate, whether or not the allegation shall be investigated.”

Amaewhule further advised the governor to take appropriate action and extended his “esteemed regards.”

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BIG STORY

BREAKING: Lagos Court Orders Oba Otudeko To Appear For ‘N30bn Fraud’ Trial

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The Federal High Court in Lagos has instructed Oba Otudeko to appear before the court and enter a plea in response to the charges filed by the Economic and Financial Crimes Commission (EFCC).

The directive was issued on Monday by Justice Chukwujekwu Aneke.

The EFCC had previously filed a 13-count charge against Otudeko and three others over an alleged N30 billion loan fraud.

During the proceedings, the judge ruled that Otudeko must take his plea before the court could address an application contesting its jurisdiction in the matter.

The case has been adjourned to May 8.

 

More to come…

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