Connect with us

News

Oyedele’s Presidential Committee on Reforms seeks NEITI Partnership, Collaboration on Accurate Data, Revenue Transparency

Published

on

365 Views

The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR) have agreed to work in partnership and collaborate on deployment of reliable data, public disclosure to support ongoing governance and institutional reforms and public finance management.

Rising from an elaborate meeting held at the NEITI House Abuja, the Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji and the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele identified the importance of NEITI’s reports in the oil, gas and mining sectors and the deployment of accurate data as critical success factors in evolving enduring fiscal policies and tax reforms in Nigeria.

Receiving the delegation, the Executive Secretary of NEITI, Dr Orji Ogbonnaya Orji remarked that NEITI’s key focal areas of improving Nigeria’s macro-economic environment, strengthening public expenditure management, structure, institutional and governance reforms to boost economic growth, create jobs and poverty reduction aligns closely with the mandates of the Presidential Committee. 

According to the NEITI Boss: “With the combined forces of the Presidential Committee and NEITI, Nigeria would benefit from shared knowledge, skills, information and data that informs best economic reforms and policy making”.

He noted that NEITI is available to provide information and data as contained in the NEITI oil, gas, solid minerals and the Fiscal Allocation and Statutory Disbursement Reports and advised the Committee on the need to utilize the findings and recommendations contained in the NEITI reports to advance economic policy initiatives for the benefit of the citizens.

Dr. Orji congratulated the Chairman of the Presidential Committee, Mr Taiwo Oyedele on his appointment to undertake such a critical task and pledged the cooperation of NEITI to support and ensure the success of their national assignment.

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR), Mr. Taiwo Oyedele commended NEITI for the work that the agency is doing in the extractive sector and maintained that such efforts are the reason behind NEITI’s selection by the Committee as one of the key Agencies to support the Committee with data and information that will enable it to deliver on its assignment.

He explained that the Committee has classified its work in three distinct categories including fiscal governance with particular attention to financial management, revenue generation, borrowing, spending as well as policy coordination at the national and sub-national levels.

Others were on revenue transformation focusing on improving government revenues through improved mechanisms for taxing oil and gas and non-oil resources to transform the revenue profile of the Country. 

The Committee is also looking at oil and gas which is the core area of focus by NEITI as well as non-oil resources like the solid minerals sector which NEITI can support the Committee in the area of information and data.

Mr Oyedele further explained that the third pillar or mandate of the Committee is economic growth facilitation and competitiveness with focus on removal of impediments for businesses to thrive, growth, provide jobs and generate revenues.

Mr. Oyedele announced that under the first phase of the Committee’s work which he classified as the ‘quick wins’, it submitted a report with over 20 recommendations to the President, 3 of which have been fully implemented.

He highlighted that the Committee is in its second phase tagged critical reforms which among other things will require amendment of some existing Laws.

The Committee is already engaging the National Assembly and sub-national government on the issues that concerns them while the third phase will be on implementation and change management.

He hopes that the outcome of the Committee’s work will transform to revenue growth for Nigeria.

The Presidential Committee extended special invitation to NEITI to be its partner and co-opted NEITI into the Committee in recognition of the knowledge, competence and integrity of the agency in helping the Committee to streamline fiscal policies, optimize tax structures, and improve revenue collection mechanisms.

Mr Oyedele remarked “By harnessing data-driven insights and best practices, both entities will strive to create an enabling environment for investment, job creation, and economic growth.

Furthermore, the collaboration will prioritise initiatives aimed at enhancing transparency, accountability, and integrity in the management of Nigeria’s extractive resources through promotion and facilitation of participatory and inclusive dialogue with stakeholders, engagements and information sharing, building trust, promoting responsible resource management and combating illicit financial flows.

In reaffirming their commitment to driving meaningful change, the Presidential Committee and NEITI called on all stakeholders, including government agencies, industry partners, civil society organisations and the general public, to actively support and participate in these collective efforts.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Police begins enforcement on vehicles with covered number plates

Lagos State police public relations officer SP Abimbola Adebisi, in a statement, explained that ,” The exercise will commence today, June 15, 2026, and will be led by the Commissioner of Police,Tijani Fatai.

Published

on

By

19 Views

The Lagos State Police Command has directed all Area Commanders, Divisional Police Officers (DPOs), across the State to commence enforcement exercise against vehicles with covered, obscured, unauthorised, defaced or no registration number plates.

This was n compliance with the directive of the Inspector-General of Police, IGP Olatunji Disu.

The Command said that the enforcement is aimed at enhancing public safety, strengthening security, and denying criminal elements the opportunity to conceal their identities and activities.

Lagos State police public relations officer SP Abimbola Adebisi, in a statement, explained that ,” The exercise will commence today, June 15, 2026, and will be led by the Commissioner of Police,Tijani Fatai.

He further directed that any vehicle found violating the directive be impounded and subjected to thorough investigation in accordance with extant laws and established procedures.

Continue Reading

News

DHQ vows justice for slain retd Gen Rabe

Receiving the delegation on behalf of Governor Dikko Radda, Deputy Governor Faruk Jobe thanked the military leadership for the show of solidarity and support.

Published

on

By

20 Views

Photo: Other members of the delegation included Maj.-Gen. W.B. Idris, Rear Adm. A.H. Haruna, Maj.-Gen. B.P. Koughna, Brig.-Gen. I.M. Ibrahim, Brig.-Gen. S.K. Usman (retd), S.I. Kaita (retd), Maj.-Gen. M.S. Bindawa (retd) and A.Y. Abdullahi.

The Defence Headquarters (DHQ) has assured that those responsible for the death of retired Maj.-Gen. Rabe Abdullahi will be brought to justice.

The assurance was given yesterday when a high-powered military delegation paid a condolence visit to the Katsina State Government.

The delegation, led by the Chief Administration Officer, Defence Headquarters, Maj.-Gen. I.M. Abdullahi, conveyed the condolences of the Armed Forces of Nigeria to the government and people of Katsina State over the death of the retired senior military officer.

Abdullahi described the late Rabe as a distinguished officer whose service and sacrifice to the nation would remain indelible.

He said that the retired general’s death was a painful loss to his family, Katsina State, the Armed Forces and the nation at large.“We share in the grief of the people of Katsina and the family of the deceased.

The Armed Forces will continue to work with relevant security agencies to ensure that those responsible are identified and brought to justice,” he said.

Other members of the delegation included Maj.-Gen. W.B. Idris, Rear Adm. A.H. Haruna, Maj.-Gen. B.P. Koughna, Brig.-Gen. I.M. Ibrahim, Brig.-Gen. S.K. Usman (retd), S.I. Kaita (retd), Maj.-Gen. M.S. Bindawa (retd) and A.Y. Abdullahi.

Receiving the delegation on behalf of Governor Dikko Radda, Deputy Governor Faruk Jobe thanked the military leadership for the show of solidarity and support.

Jobe said the visit underscored the strong partnership between the state government and the military in the fight against insecurity.

Continue Reading

News

JUNE 12: President Bola Ahmed Tinubu’s Democracy Day Address (Full Speech)

Published

on

49 Views

Nigeria’s President, Bola Ahmed Tinubu has addressed Nigerians following the marking of June 12 Democracy Day today.

The President speaks on economic reforms, and new minimum wage.

Read full speech below:

Fellow Nigerians

Today, we celebrate not only democracy but also the enduring Nigerian spirit. For 27 unbroken years, since May 29, 1999, Nigerians have chosen their leaders through the ballot, witnessed peaceful transitions of power, and resolved disagreements in courtrooms and legislative chambers—not through violence. We have experienced the longest stretch of civilian rule in our history. Our democracy is not perfect, but it is ours, and we must continue to defend and strengthen it.

In the coming days, Ekiti and Osun States will hold elections. I urge INEC, security agencies, and all parties to ensure these polls are peaceful and credible. Democracy fails when citizens doubt the process. To our National Assembly, Judiciary, the Press, and Civil Society: you are the guardrails of our republic. Criticise me, disagree with me, but never stop believing in Nigeria.

To our young people: Nigeria is your home and your future. Build here, code here, work here, and vote here. Every great nation was built by those who stayed to solve problems, not by those who abandoned ship.

To our armed forces, police, and intelligence services: Nigeria salutes your sacrifice. To our traditional rulers, faith leaders, and community heads: thank you for your support of peace and reconciliation. The government cannot do it alone.

Today, we honour the resilience of Nigerians who refused to surrender their faith in freedom, and the courage of those who stood firm against intimidation. We pay tribute to patriots who endured persecution, imprisonment, exile, and even death so that future generations could enjoy democracy. I salute labour leaders, journalists, activists, students, women, professionals, political leaders, and soldiers—both those who have passed and those still with us—for their patriotic contributions.

Though this year’s mood is dampened by the abduction of our children in Oyo and Borno, we remain hopeful for their safe return. Democracy without security is a mirage. That is why this administration declared a security emergency and approved the recruitment of more than 50,000 new police officers and thousands of military recruits. Our 2026 budget commits N5.41 trillion—our largest ever—to defence and security. Our administration is ever ready to do much more to secure our people.

We have moved from training with our allies, the United States, France and other European countries, to precision targeting. In Arege, Borno State, we degraded ISWAP’s command centre. Terror-related deaths are down by 81% since 2015. Over 13,000 terrorists have been neutralised in the past year. But we also keep the door of surrender open. Over 124,000 fighters and dependents have laid down their arms since 2023 through Operation Safe Corridor.

To bandits, kidnappers, and sponsors of terror: Surrender or face the full force of the Nigerian State. These windows of surrender will not remain open forever. No mercy will be shown to those who trade in the blood of Nigerians.

At a time like this, let us not assign blame or point fingers. Crime has no ethnicity. We must stand united and be assured that the enemies of our nation shall soon be history. We will triumph over terror and continue to build a more prosperous nation.

June 12 occupies a sacred place in our national memory. It represents more than an election; it is a defining chapter in our story. We remember Chief M.K.O. Abiola, who won a pan-Nigerian mandate transcending ethnicity and religion. We remember Alhaja Kudirat Abiola.

We also remember Chief Gani Fawehinmi, Chief Bola Ige, Chief Alfred Rewane, Pa Abraham Adesanya, Chief Anthony Enahoro, Alhaji Balarabe Musa, Commodore Dan Suleiman, Dr Beko Ransome-Kuti, Frank Kokori, Arthur Nwankwo, Chima Ubani, Shehu Musa Yar’Adua, and the many other heroes and heroines of democracy whose sacrifices helped secure the freedoms we enjoy today.

As beneficiaries of their struggle, we have a duty to strengthen and deepen the democratic institutions for which they fought. The greatest tribute we can pay is to build a Nigeria where freedom is protected, justice is upheld, opportunity is expanded, and government is accountable.

June 12, 1993, revealed the possibility of a true Nigerian nation. The heroes of June 12 secured political freedom. Our challenge is to secure economic freedom. Democracy must be felt in the quality of people’s lives—in opportunities for youth, in prosperous farmers, successful entrepreneurs, and the dignity of our workers.

The reforms we are undertaking were not chosen for ease, but for necessity. Three years ago, our public finances were under severe strain, investment was discouraged, and economic uncertainty threatened our future. We chose to act, embracing reforms to advance Nigeria’s economic freedom.

Since 2023, our reforms have restored stability and credibility to economic management. Federation revenues have risen, providing states and local governments with more resources for infrastructure, education, healthcare, and security. Fiscal transparency has improved, leakage has been reduced, and public funds are better directed to national priorities. Investor confidence has returned, with investments in agriculture, energy, manufacturing, technology, mining, transportation, and the creative industries growing.

Domestic refining capacity has increased, strengthening energy security and reducing our reliance on imported petroleum products.

By 2023, when we came on board, the electricity sector was characterised by chronic generation shortfalls, an unreliable gas supply, and transmission infrastructure so fragile that it could not evacuate available power. Distribution companies were burdened by massive losses and a metering deficit of over four million. Worst of all, the value chain was drowning in legacy debt. The result was a sector that generated less than the 13,500 Megawatts installed capacity, a sector that transmitted less than it generated, distributed less than it transmitted and collected revenue far below what it needed to sustain itself.

To address the problems besetting the sector, I signed the Electricity Act, which grants states authority to generate, transmit, and distribute power. The Presidential Power Sector Task Force is working hard to reduce the metering deficit. It has also been authorised to raise N4 trillion bond to settle verified legacy debts. The Rural Electrification Agency, supported by the World Bank and the African Development Bank, has deployed off-grid and mini-grid power to underserved communities, universities, markets, and hospitals. Electricity is a democratic dividend we owe every Nigerian. We intend to deliver it.

Across the country, infrastructure projects are connecting producers to markets and creating opportunities for enterprise and employment. The National Agricultural Development Fund is deploying 10,000 tractors over five years. Over 1,000 SMEs have been certified for export. Non-oil exports grew by 21% last year.

Yet, many Nigerians still face economic hardship. We remain focused on reducing inflation, expanding food production, creating jobs, improving living standards, rebuilding confidence in our economy, and creating conditions for sustainable prosperity.

We are moving from uncertainty to stability. The next phase is about accelerating growth and ensuring the benefits are felt in every home, every community, and every region. We believe that Democracy must be felt in the pocket.

Recognising that democracy is undermined when people do not feel its impact, my administration has sought financial autonomy for our 774 local councils. A fundamental challenge to our nation’s advancement has been ineffective local government administration. The insecurity we are addressing is partly due to the collapse of grassroots governance. The Renewed Hope Agenda is about ensuring that all Nigerians benefit from governance.

Every generation has a defining responsibility. The generation of our founding fathers secured independence—the generation of June 12 secured democracy. Our generation must secure prosperity.

Let us move forward together—rejecting division, cynicism, and despair; embracing unity, hope, and confidence. Let us build a Nigeria united by a common purpose, strengthened by diversity, where justice is accessible, liberty is secure, and opportunity is abundant.

Among the architects of modern democratic Nigeria, we honour General Shehu Musa Yar’Adua for his vision of national partnership. In recognition of his contributions, the Federal Government has approved the revitalisation and renaming of the completed Institute of Petroleum Studies, Kaduna, as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology.

I am also pleased to announce national awards to the following Nigerians, who suffered persecution, endured indignities, exile, incarceration, and, at times, solitary confinement, so that we have democracy today.

Barrister Ayoka Lawani
Tunde Fagbenle
Oladele Alake
Olatunji Bello
Louis Odion
Segun Babatope
Sam Omatseye
Sir Ademola Osinubi
Bola Bolawole
Lade Bonuola
Femi Kusa
Debo Adeniran
Chief Ayo Opadokun
Chief Ralph Obiora 
Ose Osayande
Barrister Osa Director
Prof. Sylvester Odion-Akhaine
Dr Arthur Nwankwo (Posthumous)
Dr Osagie Obayuwana 
Dr Joe Okei-Odumakin 
Barrister Titus Mann 
Joe Igbokwe
Richard Akinnola
Ben Charles-Obi (Posthumous)
George Mbah
Dr Niran Malaolu
Major-General Ishola Williams (rtd)
Femi Aborisade
Jenkins Alumona
Gbemiga Ogunleye
Muyiwa Adekeye
Babajide Kolade-Otitoju
Ike Okonta

We also recognise the soldier-democrats of the June 12 struggle:
Major General MA Garba
Brigadier General Lawal Jaafaru Isa
Col Umar Farouk Ahmed;
Col Sambo Dasuki;
Col Lawan Gwadabe;
Brigadier Jonathan Ndam Temlong
Col Musa Shehu;
Major General Chris Eze;
Major General Harris Dzarma;
Col Isa Jibrin;
Maj. General Joseph Oshanupin;
Col Olusegun Oloruntoba, Olugbede of Gbede Kingdom)
Lieutenant Colonel Happy Kefas Bulus
Col J Okai;
Col Emmanuel Ndubueze;
Lt Col Yakubu Muazu
Brigadier Yahaya Abubakar, the Current Etsu Nupe, who is already the holder of the CFR title.

The honours list will be released in the next few days.

Fellow Nigerians, 27 years ago, many doubted democracy would survive here because of our diversity. Today, our diversity sustains our democracy. The road ahead is steep. But June 12 reminds us: Nigerians do not break. We bend, we bleed, but we do not break.

Let us renew our covenant: That the labours of our heroes past shall never be in vain, and that government of the people, by the people, for the people, shall not perish from this land.

May God bless the heroes of our democracy. May God bless the Federal Republic of Nigeria. May God continue to bless us all.

Happy Democracy Day.

BOLA AHMED TINUBU, GCFR
President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria

Continue Reading

Trending