News
President Tinubu signs four TAX Bills into Law Tomorrow
President Bola Tinubu will, on Thursday, sign into law four groundbreaking tax reform bills that will transform Nigeria’s fiscal and revenue framework.
According to the press release signed by Bayo Onanuga, Special Adviser to the President (Information and Strategy) the four bills, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, were passed by the National Assembly after extensive consultations with various interest groups and stakeholders.
When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments.
The historic presidential assent to the bills at the Presidential Villa, Abuja, will be witnessed by the Senate President, Speaker of the House of Representatives, Senate Majority Leader, House Majority Leader, chairman of the Senate Committee on Finance, and his House counterpart.
The Chairman of the Governors Forum, the Chairman of the Progressives Governors Forum, the Minister of Finance and Coordination Minister of the Economy, and the Attorney General of the Federation will also attend the ceremony.
One of the four bills is the Nigeria Tax Bill (Ease of Doing Business), which aims to consolidate Nigeria’s fragmented tax laws into a harmonised statute.
By reducing the multiplicity of taxes and eliminating duplication, the bill will enhance the ease of doing business, reduce taxpayer compliance burdens, and create a more predictable fiscal environment.
The second bill, the Nigeria Tax Administration Bill, will establish a uniform legal and operational framework for tax administration across federal, state, and local governments.
The Nigeria Revenue Service (Establishment) Bill, the third bill, repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performance-driven national revenue agency— the Nigeria Revenue Service (NRS).
It defines the NRS’s expanded mandate, including non-tax revenue collection, and lays out transparency, accountability, and efficiency mechanisms.
The fourth bill is the Joint Revenue Board (Establishment) Bill. It provides for a formal governance structure to facilitate cooperation between revenue authorities at all levels of government.
It introduces essential oversight mechanisms, including establishing a Tax Appeal Tribunal and an Office of the Tax Ombudsman.
News
Katsina Flood Sweeps Away Siblings Returning From Islamiyya School
Fighting back tears, the children’s father, Malam Salisu Arabi, described the loss as the most painful moment of his life.
Two brothers, Muhammad Salisu, 12, and Abdurrahman Salisu, 7, lost their lives after they were carried away by flood in Janbago, a community in Katsina State.
The victims, were said to be returning home from a nearby Islamiyya school when downpour, accompanied by strong winds, turned the streets into raging torrents.
The Daily Trust reported that their bodies were later recovered from different locations after frantic search efforts by residents.
The incident plunged the entire community into mourning as sympathisers thronged the family residence to console the bereaved parents.
Fighting back tears, the children’s father, Malam Salisu Arabi, described the loss as the most painful moment of his life.
“They left home that day like every other child going to Islamiyya school. I never imagined that the same rain we all witnessed would take away my two children,” he lamented.
News
An alleged fake university discover in Lagos
The university was operating from a three-bedroom apartment at Ilado, Olorunda Local Council Development Area of Lagos State.
Photo:Students of the university during the raid by NSCDC. Credit: NSCDC
The proprietor of an alleged fake university in Lagos , has been arrested by operatives of Nigeria Security and Civil Defence Corps (NCDC).
The NSCDC Badagry Area Command, who enforced the arrest, said that the university was operating from a three-bedroom apartment at Ilado, Olorunda Local Council Development Area of Lagos State.
The command also rescued 106 students of the institution from across Nigeria and neighbouring West African countries with promises of admission into a foreign university.
According to the corps, the operation was carried out in the early hours of Monday following days of intelligence gathering and covert surveillance by NSCDC operatives
” The suspected institution was operating without an official name, registration, signboard or recognised campus, while allegedly presenting itself online as a distance-learning centre affiliated with a foreign university,”said NSCDC.
Investigations revealed that the rescued youths, mostly between the ages of 19 and 24, came from several Nigerian states, including Kogi, Oyo and some northern states. Others reportedly travelled from neighbouring countries such as Niger, Cameroon and Togo after being recruited online.
News
Ayo Fayose Gets Presidential Portfolio As REA Board Chairman
Fayose will head the board of REA, with Alhaji Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta appointed as members and non-executive directors,” said Onanuga.
President Bola Tinubu has appointed the former governor of Ekiti State, Ayo Fayose, as chairman of the Rural Electrification Agency (REA) Board.
The President also appointed Major General Junaid Bindawa as chairman of the National Salaries, Incomes and Wages Commission.
24 others were also appointed to 10 federal government agencies and commissions.
The appointments were contained in a statement issued by the presidential spokesman, Bayo Onanuga, in Abuja.
According to the statement, “All the appointments take immediate effect.”
“Fayose will head the board of REA, with Alhaji Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta appointed as members and non-executive directors,” said Onanuga.
Katsina Flood Sweeps Away Siblings Returning From Islamiyya School
An alleged fake university discover in Lagos
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