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VAT Should Be Suspended On Diesel — Taiwo Oyedele, Presidential Tax Committee Chairman

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The value added tax on diesel, commonly known as automotive petrol oil, should be suspended, according to Taiwo Oyedele, chairman of the presidential committee on tax policy and fiscal reforms.

Oyedele said, President Bola Tinubu’s directive to suspend the VAT will mitigate the negative economic effects of the elimination of gasoline subsidies.

Oyedele, who appeared on Channels Television’s Sunrise Daily programme on Wednesday, said,  “What the President wants us to do is that within the first 30 days, there are those low-hanging fruits that people have generally agreed that this is a problem but nobody has done anything about it.

“Personally, for example, this is not promising that it would be done, but I think that we should suspend VAT on diesel because we removed fuel subsidy on petrol and prices are going up.”

“We are going to table it before the committee. These are the things we want to do in the first 30 days,” he mentioned.

Oyedele, a former Fiscal Policy Partner and Africa Tax Leader at Price Water house Coopers was appointed by Tinubu to head the committee whose scope includes fiscal governance, tax reforms and growth facilitation.

Speaking further, Oyedele revealed that the nation’s fiscal governance covers issues ranging from debt limit to the ratio of deficit to Gross Domestic Product (as indicated in the Fiscal Responsibility Act), reporting revenue generation and the quality of spending.

He stated further that there’s a significant tax gap “estimated in the region of 20 trillion or even more.”

Oyedele noted that a lot of people within the tax net, especially the middle class and the elite, aren’t compliant with tax regulations, adding that “some of them are in the tax net with one or two fingers. In fact, our plan is to repeal many of the taxes that currently make doing business difficult without introducing new ones, and yet collect more.”

Oyedele stated that Nigeria’s revenue generated via tax is one of the lowest in the world.

He advised that, for the nation’s economy to benefit from revenue generation, the collection of revenue should be assigned primarily to the Federal Inland Revenue Service, while reducing the revenue generation burden on the Federal Government’s Ministries, Departments, and Agencies.

The committee chair said, “At the Federal Government level alone, we had 63 MDAs that were given revenue targets in the 2023 budget,” adding that “these agencies are being distracted from their primary function which is to facilitate the economy.”

He also noted that the revenue collection in such agencies will be inefficient, as “they were not set up to  collect revenue.”

Oyedele disclosed that the committee will be “very intentional’ in looking at the detail, while also creating a million jobs in the digital economy.

Furthermore, he said the one-year timeframe was set up “purposefully,” with one year for the implementation of its policies.

He noted that the 30 days, six months and one-year periods run concurrently.

He stated that “every state should just have one law that covers everything collectible by local government and the state government.”

He also called for the transparency of such laws by relevant authorities.

BIG STORY

Resident Doctors Give Federal Government Four Weeks To Meet Demands

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The Nigerian Association of Resident Doctors (NARD) has issued a four-week ultimatum to the federal government to fully implement outstanding agreements on salaries, allowances and welfare.

The decision was taken at the end of the association’s national executive council (NEC) meeting and scientific conference, held from January 25 to 29, 2026, in Jos, Plateau state.

In a communiqué signed by Mohammad Suleiman, NARD president, the association expressed appreciation to President Bola Tinubu, Vice-President Kashim Shettima, and other key stakeholders for their roles in ongoing engagements.

The NEC acknowledged the reinstatement of disengaged doctors at the Federal Teaching Hospital, Lokoja, and commended the intervention of the Ministry of Labour and Employment and the integrated payroll and personnel information system (IPPIS) on the outstanding 25 and 35 percent consolidated medical salary structure (CONMESS) and accoutrement allowance arrears.

NARD also noted that promotion and salary arrears had been forwarded to relevant authorities, with assurances from the minister of finance that payments would be expedited.

However, the association expressed concern over delays in circulating the directive affirming CONMESS 3 as the approved entry level for medical doctors.

It also decried the non-payment of the professional allowance provided for in the 2026 Appropriation Act and persistent salary arrears across several health institutions.

The association warned of worsening industrial relations at the Benue State University Teaching Hospital. It demanded urgent action, alongside calls for improved welfare, timely release of training funds and renewed investment in health infrastructure nationwide.

“The NEC demands the expeditious clearance of the outstanding 25%/35% CONMESS arrears and accoutrement allowance arrears within the assured two weeks, as committed by the Integrated Payroll and Personnel Information System (IPPIS), following the intervention of the Federal Ministry of Labour and Employment,” the communique reads.

“The NEC demands the prompt payment of all promotion arrears already forwarded to the appropriate authorities, in line with the assurances of the Honourable Minister of Finance for payment within the next four (4) weeks.

“The NEC demands the expedited payment of all outstanding salary arrears owed to specific centres, which have been duly forwarded to the Federal Ministry of Finance for processing, within the assured four (4) week timeline.

“After exhaustive deliberations and in recognition of the progress made by the Federal Government towards addressing the legitimate demands of Nigerian resident doctors, the NEC has resolved to extend the suspension of the Total Indefinite Comprehensive Strike (TICS) for a further period of four (4) weeks as a further goodwill gesture, to allow for the full implementation of the Association’s demands.”

The association had earlier suspended its plan to commence another strike on January 12.

The doctors said this was done after firm commitments from critical stakeholders following Shettima’s intervention.

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BIG STORY

Lagos Couple Stages Self-Kidnap To Raise Funds For Husband’s US Return Ticket, Arrested With N10m Ransom

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A Lagos-based couple, identified simply as Fred and Goodness, have been arrested for allegedly staging their own kidnap and extorting N10m in ransom from their families and friends.

According to Punch Newspaper, the couple faked the abduction on January 7 to solicit funds for the husband, who intended to return to the United States due to a lack of financial support.

A police source who spoke to our correspondent on Thursday said the suspects contacted relatives on both sides of the family and claimed they had been kidnapped while demanding ransom.

The source added that the families raised N10m within three days, believing the money was meant to secure their release.

“The couple faked their kidnapping, thereby calling on friends and families for contributions towards the ransom payment. And what happened was, according to them, the husband wanted to travel back to the US, and he needed some money, but their sponsors were not forthcoming, so they planned it together that maybe by the time they do that, they’ll be able to raise some money.”

Speaking on their arrest, another police source in the command said the couple arranged a meeting at a school in Cappa, Mushin, Lagos, where the ransom was to be delivered.

“Operatives monitoring the area noticed the woman entering the premises alone, while the man arrived separately moments later. However, suspicion was raised when both suspects later emerged together carrying a bag.

“The operatives stopped them, searched the bag, and discovered the ransom money, prompting their immediate arrest. The wife said she was the one who encouraged the husband to make them plot the kidnap.”

The suspects were subsequently handed over to the police, where investigations confirmed that the incident was a case of self-kidnap.

The state Police Public Relations Officer, Abimbola Addebisi, confirmed the incident.

She said, “The couple will be charged to court upon the conclusion of investigations.”

The incident added to the growing number of self-orchestrated abduction cases uncovered by law enforcement.

 

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Police Arrest Six For ‘Hacking Telecoms Firm To Divert N7.7bn Airtime’, Recover 400 Laptops, 1000 Mobile Phones

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Operatives of the Nigeria Police Force (NPF) have arrested six suspects for allegedly hacking into a telecommunication company in Nigeria to divert airtime and mobile data worth N7.7 billion.

A statement on Wednesday by Benjamin Hundeyin, the force spokesperson, said the suspects allegedly gained unlawful access to the telecommunications company’s core systems.

The suspects are Ahmad Bala, Karibu Mohammed Shehu, Umar Habib, Obinna Ananaba, Ibrahim Shehu, and Masa’ud Sa’ad.

Hundeyin said operatives recovered two mini plazas, retail outlets containing over 400 laptops, 1,000 mobile phones, and a Toyota vehicle.

The force spokesperson said a “substantial” amount of money was traced to the suspects’ bank accounts.

“The syndicate was responsible for the illegal diversion of a telecommunications company’s airtime and data resources, resulting in an estimated financial loss of over ₦7.7 billion,” the statement reads.

“The breakthrough followed a petition by a Nigerian telecommunications company, which reported suspicious and unauthorized activities within its billing and payments infrastructure.

“Investigations revealed that internal staff login credentials had been compromised, granting threat actors unlawful access to core systems.

“Following weeks of planning, coordinated enforcement operations were executed in October 2025 in Kano and Katsina States, with a follow-up arrest in the Federal Capital Territory.

“The suspects would be charged to court on the completion of the investigation.

“Meanwhile, the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, has commended the officers involved in the investigation for their professionalism.”

 

 

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