News
House softens stance on Tax Reform Bills
The House of Representatives has softened its stance on the Tax Reform Bills.
Yesterday, after a three-hour generally positive debate by members, the Bills scaled second reading and passed for public hearing.
This is unlike the situation when the Bills were sent by President Bola Ahmed Tinubu to the Green Chamber in October.
Following opposition from a section of the ruling class, the House exploded in uproar over the Bills, forcing Speaker Abbas Tajudeen to dissolve the House into and Executive session after which all issues on the Bills were kept in ambiance to allow for consultations.
But at the Senate, the Bills were quickly debated and moved to the public hearing stage.
The Bills are the Nigeria Revenue Service (Establishment) Bill, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, and the Joint Revenue Board (Establishment) Bill.
The bills were consolidated into one at the House for a seamless debate.
The proposed laws were read for the first time on October 8 but debate by the House was put on hold due to disagreement on the content of the bill, especially by Northern leaders and the Nigerian Governors’ Forum (NGF).
Although the House engaged government officials on the benefits of the bills, Speaker Tajudeen asked members to engage in wide consultations with their constituents to pave the way for a robust debate.
Apart from some observations on certain areas of the bills that appeared not in tandem with some sections of the 1999 Constitution and a few other clauses, members unanimously okayed the bills for a second reading.
Minority Leader Kingsley Chinda said while opposition members supported the spirit behind the bills, some had issues with certain aspects.
Chinda noted that the bills seek to rejig the nation’s tax system for effective revenue generation. He pointed out that for every law, there must be the spirit of the letters.
He said: “We have all agreed that the spirit behind the four bills is good.‘’
But we have issues with some of the letters of the bills. Why we oppose some letters of the bills, we support the spirit and want to assure Nigerians that we will watch those letters and at the appropriate time, we will ensure that the letters are corrected in the interest of Nigerians.
“He advocated a reduction in the Value Added Tax(VAT), saying ‘’It is possible to reduce tax, while efforts should be made to tidy up all areas of conflicts..’’
House Leader Julius Ihonvbere thereafter set the tone for the debate by explaining that the bills were intended to overhaul the country’s outdated tax laws.
Ihonvbere reassured the public that the reforms would benefit ordinary Nigerians without imposing tax burdens on the poor.
While appreciating those who hold opposing views to the bills, he said their views helped strengthen the bills.
The House leader charged members to “be part of history in reforming the tax system to promote revenue growth, increase employment and better the life of ordinary Nigerians.
Minority Whip, Ali Isa commended Speaker Abass for creating an opportunity for members to engage and consult widely on the contentious parts of the bills.
Isa however expressed concern about clause 146 which encourages a gradual increase in VAT from 7.5 percent to 10 percent and later 15 percent.
News
FG to reopen Enugu–Onitsha expressway March 31
Once regarded as one of the region’s most dangerous highways, the Enugu–Onitsha Road had long been plagued by tanker explosions, fatal accidents, and economic disruptions. Umahi said decisive intervention by the Tinubu administration has changed the trajectory.
The federal government directed that the Enugu–Onitsha Expressway be reopened for public use on or before March 31.
Minister of Works, Senator David Umahi, declared during an inspection of ongoing projects in Enugu, including the Enugu–Onitsha Expressway and the Eke-Obinagu Flyover.
Umahi said :
“I have given the controller the authority. By the 31st or before, he should call the press to open this road.
Call the people of South-East, let them know that this road is open for travel, and that will be our Easter celebration.”
Umahi expressed confidence that the era of frequent fatal accidents, endless traffic, and public frustration along the expressway is coming to an end.
“I’m going around the six geopolitical zones assessing what is possibly to be commissioned before May 29 by the president. There are mega projects that the president will be available for before May 29, and we mean it,” he said.
Once regarded as one of the region’s most dangerous highways, the Enugu–Onitsha Road had long been plagued by tanker explosions, fatal accidents, and economic disruptions. Umahi said decisive intervention by the Tinubu administration has changed the trajectory.
News
Nigeria partner Japan to redevelop Abuja Master Plan
It is very key for us because I know the design of Abuja was done by Japan, and now they need to look at it again in order to carry out further structural development.
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, announced a strategic partnership with the Government of Japan to change the 1979 Abuja Master Plan.
The move, aimed at aligning the city’s growth with modern realities through the year 2050, was the highlight of a courtesy visit by a high-level Japanese delegation to the FCT Ministry on Tuesday.
The delegation was led by the Japanese Ambassador to Nigeria, Mr. Suzuki Hideo, and the Chief Representative of the Japan International Cooperation Agency (JICA) Nigeria, Mr. Ishigame Keiji.
During the meeting, Barrister Wike expressed profound appreciation for Japan’s historical and technical contributions to Nigeria.
He emphasised that the original blueprint of the FCT owes much to Japanese expertise.
“On behalf of the FCT Administration, I appreciate the relationship between Nigeria and Japan,” Wike said.
“I am fully aware of the projects through JICA. It is very key for us because I know the design of Abuja was done by Japan, and now they need to look at it again in order to carry out further structural development.”
News
Minister of Power Apologise To Nigerians Over Blackouts
“I can tell you, with the committee that we have set up, and commitments from gas suppliers, and the timeline for repair of the gas pipelines, two weeks from now, we should start seeing improvements in supply. Two weeks,” Adelabu said.
The Minister of Power, Adebayo Adelabu, has apologised to Nigerians over the prolonged and severe electricity outages recorded in recent weeks across the country.
He acknowledged the strain the outages have caused on households and businesses in key sectors of the economy.
“I want to apologise to Nigerians, officially now, coming from me as the Minister of Power, for this temporary issue that is leading to hardship being experienced, especially during this dry season, where there is so much heat everywhere,” Adelabu said at a press briefing in Abuja on Tuesday
He admitted that the ongoing blackouts has worsened living conditions, particularly during the intense dry-season heat.
“Businesses are being affected, schools have been affected, and industries have been affected. It is not our wish to find ourselves in this situation, but it is due to some factors that are actually beyond our control, ”said Adelabu.
Despite the disruptions, Adelabu assured citizens that the situation would soon improve, offering a clear timeline for restoration of better power supply.
“I can tell you, with the committee that we have set up, and commitments from gas suppliers, and the timeline for repair of the gas pipelines, two weeks from now, we should start seeing improvements in supply. Two weeks,” Adelabu said.
-
News3 days agoBUK expels 171 students for admission frauds
-
Entertainment3 days agoPapa Ajasco rebrands as Bondu Alaska
-
Entertainment3 days agoAGN President Jetting to London for UK–Nigeria Creative Roundtable and Awards
-
Business3 days agoMoniepoint buys Orda to capture Africa’s $50bn restaurant economy
-
Politics3 days agoPeter Obi: I can govern from Kaduna if elected
-
Business3 days agoDangote Refinery Ship 456,000 tonnes of PMS to African countries in February
-
International3 days agoHong Kong police can now demand phone passwords under new national security rules
-
International3 days agoMiddle East War: IEA recommends options to ease oil price pressures on consumers, Motorists
