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BREAKING: Nigeria Governors Agree on No VAT, CIT Increase For Now

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Nigeria Governors Forum (NGF) agreed at the end of subnational meeting today in Abuja that there should be “No hike in VAT, and  No reduction in corporate Income tax  CIT) for now. This is to maintain economic stability. 

This is disclosed in a communique issued today and signed by Abdulrahman Adbdulrazaq, Chairman of the NGF & Governor of Kwara State.

The governors, at the end of a meeting of subnational consultations and engagement, on Thursday in Abuja, with the Chairman of Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele,  said that the Forum have also  endorsed a revised VAT sharing formula to ensure equitable distribution of resources of 50% based on equality, 30% based on derivation, and 20% based on population.

The governors have resolved that there should be no increase in the VAT rate or reduction in Corporate Income Tax (CIT) at this time in order to maintain economic stability.

Also, they have called for the continued exemption of essential goods and agricultural produce from VAT as that would help safeguard the welfare of citizens and promote agricultural productivity.

They also, at the end of the meeting, recommended that there should be no terminal clause forTertiary Education Trust Fund, TETFUND; National Agency for Science and Engineering Infrastructure, NASENI, and National Information Technology Development Agency, NITDA, in the sharing of development levies in the bills.

The meeting supports the continuation of the legislative process at the National Assembly that will culminate in. the eventual passage of the Tax Reform Bills.

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BREAKING: JAMB Registrar breaks into tears, apologises for UTME errors

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…….Reschedules exam for affected candidates

The Registrar of the Joint Admissions and Matriculation Board, Prof. Ishaq Oloyede, today, broke into tears as he apologised for the errors in the 2025 Unified Tertiary Matriculation Examination.

He said tearfully during a press conference in Abuja. that: “I apologise for the trauma caused the candidates.

Recall that Oloyede at the start of the press briefing acknowledged “one or two errors” made during the 2025 UTME.

JAMB reschedules UTME for affected 379,997 South East, Lagos candidates

The 379,997 candidates in the five states of the South East and Lagos will be rescheduled for another Unified Tertiary and Matriculation Examination.

The Registrar of JAMB, Prof. Ishaq, made this known in an ongoing press briefing in Abuja today.

Oloyede, who took responsibility for what he described as a “sabotage” of the 2025 UTME, said the affected candidates will start getting text messages from the Board starting tomorrow.

“The affected candidates will start getting text messages for reschedule starting from tomorrow.

“I apologise, I take full responsibility.

”Of the 1.9 million candidates who sat the UTME, over 1.5 million reportedly scored below 200 out of the maximum 400 marks, raising concerns across the education sector.

According to the examination agency, a total of 1,955,069 results were processed, out of which only 4,756 candidates (0.24 per cent) scored 320 and above, considered top-tier performance, while 7,658 candidates (0.39 per cent) scored between 300 and 319, bringing the total for those who scored 300 and above to 12,414 candidates (0.63 per cent).

Also, 73,441 candidates (3.76 per cent) scored between 250 and 299 while 334,560 candidates (17.11 per cent) scored between 200 and 249.

A total of 983,187 candidates (50.29 per cent) scored between 160 and 199, which is widely regarded as the minimum threshold for admissions in many institutions.

In the same vein, 488,197 candidates (24.97 per cent) scored between 140 and 159, 57,419 candidates (2.94 per cent) scored between 120 and 139, 3,820 candidates (0.20 per cent) scored between 100 and 119, and 2,031 candidates (0.10 per cent) scored below 100.

Over 75 per cent of all candidates (1.5 million) scored below 200, average score seeing as the examination is graded over 400.

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Lagos to launch monthly rent payment scheme, but would landlords agree?

The initiative is part of broader efforts to make housing accessible and affordable for residents.

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The Lagos State Government said it is ready to introduce monthly and quarterly rent payment system for easing financial burdens on residents, especially low-income earners.

The Commissioner for Housing, Mr Moruf Akinderu-Fatai, disclosed this at the 2025 Ministerial Press Briefing to mark Governor Babajide Sanwo-Olu’s second year in office, yesterday .

He said the initiative is part of broader efforts to make housing accessible and affordable for residents.

He recalled that the state had earlier launched a rent-to-own housing scheme which allows tenants to make an initial five percent down payment and spread the balance over a 10 years period.

“That initiative was well-received, and its success encouraged us to explore new ways to reduce the pressure of yearly rent payment,” he said.

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JUST IN: Nigerian Govt witness tenders Ahmed Gulak’s death certificate in Nnamdi Kanu’s trial

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A Federal Government witness, identified as BBB, on Wednesday tendered a certified true copy (CTC) of the death certificate of Ahmed Gulak, in the ongoing terrorism trial of Indigenous People of Biafra (IPOB) leader, Nnamdi Kanu.

Gulak, a former Special Adviser on Political Affairs to ex-President Goodluck Jonathan, was killed by suspected IPOB members in 2012.

The News Agency of Nigerial reports that BBB, who was the 2nd prosecution witness (PW-2), tendered the document before Justice James Omotosho of the Federal High Court in Abuja while being led in evidence by the Federal Government’s lawyer, Chief Adegboyega Awomolo, SAN.

Upon resumed hearing, Awomolo informed the court that though the matter was scheduled for cross examination of PW-2, he had a question to ask the witness.

“We ask for a permission to ask a question my lord,” he said.

Kanu’s lawyer, Chief Kanu Agabi, SAN, did not oppose Awomolo’s application and the judge directed him to go ahead.

Awomolo then asked BBB that one of the last evidence he gave was that during the radio broadcast made by Kanu, he called for a sit-at-home, leading to the death of Gulak.

The witness confirmed the statement. He said he participated in some of the investigations leading to Gulak’s death.

Besides he said he had a certificate of his death in the courtroom from the police dated July 18, 2021.

According to the witness, the document is a certified true copy of the medical report on Gulak.

When the document was shown to Kanu’s lawyer, he said he has no objection and Justice Omotosho admitted it in evidence and marked it as Exhibit PWJ.

Awomolo then sought the court’s permission for the document to be given to the witness to read in the open court.

BBB, who read the content of the death certificate, said the document was from the Nigeria Police, Owerri in Imo State, concerning Gulak, who was allegedly shot dead by IPOB members in 2021.

After the question, Agabi proceeded to cross examine the witness.

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