News
BREAKING: Nigeria Governors Agree on No VAT, CIT Increase For Now
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.
News
President Tinubu Expresses Sorrow over IMAM Abubakar’s Death
Says he was a courageous servant of God
President Bola Ahmed Tinubu has expressed sorrow at the passing of Imam Abdullahi Abubakar, the Chief Imam of Nghar village in the Barkin Ladi Local Government Area of Plateau State, who passed away at 92.
The late Imam Abubakar shot into national and international prominence for hiding over 200 Christians in 2018, during the communal strife which ravaged Plateau State.
President Tinubu described the late Imam as an extraordinary religious leader, whose lifetime represented a striking testament to faith, courage and a staunch belief in the sacredness of human life.
“At such a time when tribal and religious tendencies seemed to overwhelm reason, Imam Abubakar stood firmly on the side of peace, benevolence and conscience,” President Tinubu remarked.
“Mindless of the enormous risk to his own life, the noble cleric chose humanity over division, love as opposed to hatred and embrace rather than rejection.
His heroic feat underlines the essence of true faith, resonating louder than sermons in a salient message to the world at large. Imam Abubakar is a worthy example of a better human we should all aspire to be,” the President said.
“His act of uncommon bravery did not go unnoticed, as he received local and international honours that celebrated his commitment to coexistence among people with diverse orientations.”
I urge religious and community leaders to imbibe and preach the spirit of tolerance, mutual respect and peaceful togetherness as expounded in the life of Imam Abubakar.
“May the Almighty grant Imam Abubakar eternal rest and reward him for his good deeds and courage,” the President said.
News
IMAM who Savef 262 Christians Abubakar Abdullahi Dies in Jos @ 90
The Imam of Nghar village in Barkin Ladi Local Government Area of Plateau state, who Famously Shielded 262 Christians during a Violent Communal attack has died at the age of 90.
Saleh Abubakar son of the deceased Confirmed the death to arise news in Jos said the Cleric Passed away on Thursday night at plateau specialist hospital in Jos.
He revealed that his father died tens earlier after being admitted into the hospital, following Complications linked to a heart Condition that have affected his heart for Some time.
He was initiately admitted diagnosed with a heart problem and had being on check ups all the time and since then his health had not been Stable following the diagnoses.
Imam Abdullahi is Survived by 19 Children made up of 12 boys and 7 girls.In June 2018, during a faith based Clashes that Swept through 10 Villages in Barkin Ladi Local government area of plateau state, the late imam hid 262
Christians in a mosque and his private home untill the Violence Subsided, preventing them from being killed.
His actions earned him both local and international recognition across globe.End
Ctedit: PUNCH
News
Rivers Lawmakers Insist on Investigating Fubara, Deputy
The Speaker of the House, Martin Amaewhule, a seven man panel each have been constituted to investigate governor Fubara and his deputy.
Twenty -five members of the Rivers State House of Assembly (RSHA) said that there is no going back on investigating Governor Siminalayi Fubara and his Deputy, Prof Ngozi Odu, for alleged gross misconducts.
The members re-stated this at Friday’s plenary in the temporary hallowed chamber of the State House of Assembly in their Legislative quarters.
The Speaker of the House, Martin Amaewhule, a seven man panel each have been constituted to investigate governor Fubara and his deputy.
He also said that the Chief judge of Rivers State, Justice Simeon Amadi is to be immediately notified about the resolution of the House.
The order paper of the house in Friday’s sitting has only two items which include investigating governor Siminalayi Fubara and his deputy, Professor Ngozi Odu.
Meanwhile,the house has adjourned plenary till January 27.
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