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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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UNILAG School Teachers Begin Work-to-Rule Over Unpaid Arrears

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Teachers at the International School, University of Lagos (ISL), on Wednesday commenced a work-to-rule action over unpaid salary arrears, their removal from the university’s payroll, and delays in implementing a National Industrial Court judgment.

The staff are demanding the payment of outstanding Consolidated Tertiary Institutions Teaching Allowance (CONTTA) arrears, as well as arrears from the 25 per cent and 35 per cent salary adjustments approved in 2024. They also want full restoration to the university’s payroll.

Comrade Razak Yusuf, Chairman of the Senior Staff Association of Nigerian Universities (SSANU), University of Lagos branch, said the industrial action followed prolonged delays in resolving the teachers’ employment status and financial entitlements.

The teachers had approached the National Industrial Court of Nigeria, which ruled in their favour on May 11, 2026. Despite the judgment, they claim the university has yet to fully restore their names to the payroll or settle outstanding benefits.

Protesters carried placards with messages such as “Equal Work, Equal Rights,” “ISL tutors deserve their due,” and “Other UNILAG staff paid, ISL tutors still owed.” The action disrupted teaching and a scheduled mid-term examination at the school.

The teachers called on the university management to restore the affected staff to the payroll, settle all outstanding financial obligations, and provide a clear payment plan with timelines.

They rejected suggestions that any interim arrangement under the university’s Council protocol amounted to goodwill, insisting they were only seeking recognition of their employment rights.

The development continues a pattern of industrial disputes at the University of Lagos over salary and allowance issues.

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JUST IN: Gas Emissions Hit Ogun Schools, Hundreds of Pupils Hospitalised

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Hundreds of students were hospitalised on Wednesday morning after fresh gaseous emissions hit parts of Ogun State, including Ijebu-Ode, Ijebu-Igbo and Ago-Iwoye.

The incident affected pupils at Anglican Girls Grammar School, Obalende, Ijebu-Ode, and Ijebu-Igbo Girls Grammar School. Several schools in Ago-Iwoye suspended academic activities and sent students home as a precaution.

Kehinde Bello, General Manager of the Ogun State Environmental Protection Agency (OGEPA), visited the affected areas and linked the emissions to underground gas previously recorded in Ijebu-Ode since April 2026. He said the situation was under control and attributed the releases to natural geological and tectonic fault lines, ruling out sabotage or a gas pipeline leak.

Bello assured residents that the state government was working on a lasting solution. He advised anyone exposed to the odour to cover their noses and mouths with wet handkerchiefs.

The recurring emissions have renewed concerns about the safety of students and residents in the affected communities.

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JUST IN: Ex-Delta Gov Uduaghan Dies at 71, Oborevwori Mourns

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Former Delta State Governor Dr. Emmanuel Eweta Uduaghan is dead. He passed away on the morning of Monday, October 19, 2026, at the age of 71, after a period of illness.

A family statement announced his death, describing it as a devastating loss. Uduaghan, a medical doctor, served as Delta State Commissioner for Health (1999–2003) and Secretary to the State Government (2003–2007) before becoming governor from 2007 to 2015. He was known for contributions to infrastructure and human capital development in the state.

Delta State Governor Sheriff Oborevwori has expressed deep sadness over the passing. In a condolence message, he described Uduaghan as a detribalised leader whose service left a lasting mark on Delta State.

Oborevwori extended heartfelt condolences to Uduaghan’s wife, Roli, his children, the Uduaghan family, the Itsekiri nation, and the people of Delta State, praying for the peaceful repose of his soul.

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