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NACCIMA Seeks Cut in Corporate Taxes and VAT

The NACCIMA President, Dele Kelvin Oye, made  the requests on behalf of the business community, in a statement titled “Options for Economic Reform and Consequences for The Medium-Term Expenditure Framework for 2025-2027.”

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The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) is requesting the federal government to review corporate income taxes to 19 percent and peg Value Added Tax (VAT) at 7.5 percent.

NACCIMA also urges the government to include the private sector in tax reform discussions with stakeholders in areas such as aviation, telecommunications, manufacturers, and operators in free trade zones,  rather than using committees that “lecture taxpayers” without yielding positive outcomes.

The NACCIMA President, Dele Kelvin Oye, made  the requests on behalf of the business community, in a statement titled “Options for Economic Reform and Consequences for The Medium-Term Expenditure Framework for 2025-2027.”

“We believe corporate taxes should be further reduced to 19 percent and VAT pegged at 7.5 per cent. We believe this will grow the economy and result in higher tax revenues for the government.

As a caveat to protect government revenues, each taxpayer must not pay less than the preceding tax year,” he said.

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LASG reopens Abbatoir at Oko-Oba

The announcement was made by the State Commissioner for the Environment and Water Resources, Mr Tokunbo Wahab in a statement he personally signed.

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image credit : arisetv

Lagos State Government on Friday night directed the immediate re-opening of the Abbatoir at Oko-Oba following the fulflment of sanitation and hygienic prescriptions by the operators.

The announcement was made by the State Commissioner for the Environment and Water Resources, Mr Tokunbo Wahab in a statement he personally signed.

Mr Wahab said that the operators have substantially complied with the minimum benchmark for the operations of abbatoirs in the state which was flagrantly flouted necessitating the closure.

He informed that part of the conditions for the reopening is that on a monthly basis, the ministry of the Environment and Water Resources officials will conduct a periodic inspection of the facilities at the Abbatoir.

He urged the operators to avoid unsanitary activities, waste mismanagement and unhygienic handling of animal products as they conduct their businesses.

It will be recalled that the Oko-Oba Abbatoir was shut by the State Government on June 20 following an inspection by top State officials which discovered a flagrant disregard of the laws guiding safe operations of abbatoirs in the state.

SignedKunle AdeshinaDirector (Public Affairs)June 27, 2025

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Again, Vanguard’s Editor, Eze Anaba Emerges NGE President

The Managing Director of The Sun newspaper, Onuoha Ukoh, clinched the position of General -Secretary .

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Anaba, who was the incumbent, was returned unopposed, a development attributed to his widely acknowledged record of administrative excellence.

THE Nigerian Guild of Editors (NGE) on Friday reelected Mr Eze Anaba – the Editor of the Vanguard newspaper, as the President, during their ongoing Biennial National Convention in Enugu.

Anaba, who was the incumbent, was returned unopposed, a development attributed to his widely acknowledged record of administrative excellence.

The Managing Director of The Sun newspaper, Onuoha Ukoh, clinched the position of General -Secretary .

Other elected officers include:

Deputy President: Sabastine Abu

Vice President, West: Karbi Alabi

Vice Presidents: Hamza Idris and Sheddy Ozoene

Treasurer: Iyobosa Uwugiaren

Assistant Secretary: Gabriel Fulajimi Akinadewo

Publicity Secretary: Charles Kanu

Earlier , the Chairman of Channels Media Group, Dr. John Momoh had said that there can be no security without justice, and no unity without progress.

Momoh, who was Chairman of the Convention said that there can be no progress within inclusion.

He pointed out that insecurity has reared its head in many of Nigeria’s regions, while the country had witnessed divisions across ethnic and religious limes, while economic hardship and rising frustrations have made the citizens ask tough questions about Nigeria’s future.

Momoh enjoined the media not only to report conflict, but to also spotlight solutions. “Let’s promote understanding. Let’s be bridge-builders’, he said.

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BREAKING: Ganduje Resigns as APC National Chairman with immediate effect

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Abdullahi Umar Ganduje has resigned as the National Chairman of the All Progressives Congress (APC), with immediate effect.

Ganduje, who previously served as the Governor of Kano State from 2015 to 2023, cited health reasons for his resignation, stating the need to focus on his personal well-being.

His tenure as APC chairman, which began in August 2023, was riddled with internal party crises, legal disputes, and allegations of financial misconduct.

While his resignation letter attributed the move solely to health concerns, party insiders suggest rising political tension and internal opposition may have influenced his decision.

There have also been reports linking his exit to accusations of financial impropriety.

Some party members allegedly protested against what they described as “excessive financial demands” from his office—particularly over complaints by aspirants for FCT area council positions about the high fees required to secure party tickets.

Ganduje’s leadership faced multiple legal challenges. In April 2024, a Kano State High Court issued an ex parte order barring him from identifying as a party member, following a suit filed by some APC officials.

Although a separate suit filed by the APC North Central Forum seeking his removal was later dismissed by a Federal High Court in Abuja, his position remained contentious.

As the APC is yet to issue an official statement, speculation continues to mount over the true circumstances of Ganduje’s departure and its potential implications for the party’s future direction.

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