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Tinubu sets up tax reforms committee, appoints Oyedele chairman

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President Bola Tinubu on Friday approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms.

He appointed the Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers, Mr. Taiwo Oyedele, as committee chairman.

Friday’s development comes barely 24 hours after the President signed four Executive Orders, suspending the five per cent excise tax on telecommunication services and the excise duties escalation on locally-manufactured vehicles.

The committee “Will comprise experts from both the private and public sectors and have responsibility for the various aspects of tax law reform, fiscal policy design and coordination, harmonisation of taxes, and revenue administration,” a statement signed by Tinubu’s Special Adviser on Special Duties, Communication and Strategy, Dele Alake, read on Friday.

According to the statement titled ‘President Tinubu sets up committee on tax reforms,’ the committee’s primary objective is to enhance revenue collection efficiency and ensure transparent reporting.

It will also promote the effective utilisation of tax and other revenues to boost citizens’ tax morale, foster a healthy tax culture, and drive voluntary compliance.

Alake cited earlier remarks by the Special Adviser to the President on Revenue, Mr Zaccheus Adedeji, who explained that Tinubu recognises the importance of a sound fiscal policy environment and an effective taxation system for the functioning of the government and the economy.

According to Adedeji, “Nigeria ranks very low on the global ease of paying taxes while the country’s Tax to GDP ratio is one of the lowest in the world and well below the African average.

“This has led to an overreliance on borrowing to finance public spending, which in turn limits the fiscal space as debt service costs consume a greater portion of government revenue, annually resulting in a vicious cycle of inadequate funding for socio-economic development.

“While some incremental progress has been recorded over the years, the outcomes have not been transformative enough to change the narrative,” he said.

Adedeji outlined the key challenges in Nigeria’s tax system, including multiple taxes and revenue collection agencies, fragmented and complex tax system, low tax morale, high prevalence of tax evasion, high cost of revenue administration, lack of coordination between fiscal and economic policies, and poor accountability in the utilisation of tax revenue.

Adedeji explained that the administration hopes to transform the tax system to support sustainable development and achieve a minimum of 18 per cent Tax to GDP ratio within three years without stifling investment or economic growth.

“It should be noted that this committee will not only advise the government on necessary reforms but will also drive the implementation of such recommendations in support of the comprehensive fiscal policy and tax reform agenda of the current administration,” the SA on Revenue added.

Oyedele, who chairs the committee, is the Thematic Lead for the Fiscal Policy & Planning Commission and Chairman of the West Africa Debt Management Roundtable of the Nigerian Economic Summit Group.

He also heads the Taxation & Fiscal Policy Faculty Board of the Institute of Chartered Accountants of Nigeria and is a member of the Nigerian Taxation Standards Board.

Oyedele serves as a member of the Ministerial Committee on implementing Nigeria’s National Tax Policy. He is a member of the Global Tax Forum and has previously served as a member of the Global Governing Council of the Association of Chartered Certified Accountants.

Oyedele, an Associate Professor at the Babcock University Business School, is an alumnus of the London School of Economics & Political Science, Yale University, and Harvard Kennedy School Executive Education.

He is also a guest lecturer at the Lagos Business School and the Founder and President of Impact Africa Foundation.

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President Tinubu returns to Lagos ahead of APC primaries tomorrow (Video)

Tinubu’s aircraft touched down at about 7:12 p.m. at the Presidential Wing of the Murtala Muhammed International Airport, Ikeja.

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• President Tinubu chats with African business leaders during the African CEO Forum in Nairobi, Kenya.

President Bola Tinubu on Friday arrived in Lagos after a three-nation visit to France, Kenya and Rwanda.

Tinubu’s aircraft touched down at about 7:12 p.m. at the Presidential Wing of the Murtala Muhammed International Airport, Ikeja.

A statement issued by his special adviser on information and strategy, Bayo Onanuga, said that the president was received by Lagos State Governor, Babajide Sanwo-Olu; Deputy Governor, Femi Hamzat; Chief of Staff to the President, Femi Gbajabiamila; Speaker of the Lagos State House of Assembly, Mudashiru Obasa; and other government officials.

President Tinubu, while in France, met with global investors, emphasising transparency and fiscal discipline and explaining the rationale for the swift implementation of the bold economic reforms his administration has instituted.

Watch Video below:

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Anxiety as chemical pollution affects 6 Ogun schools, 90 students

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Triggers Widespread Panic One Month After Similar Incident

More than 90 students across several secondary schools in Ijebu-Ode were hospitalised on Friday after a suspected chemical odour permeated the town, sparking panic among parents and residents.

Ohibaba.com learned that the pollution was caused by gas leak along the Agoro/Okunowa Road axis of Ijebu-Ode; the situation is now under control by the state environmental monitoring agency, and poses no further danger.

The incident occurred barely one month after a similar chemical odour episode at Our Lady of Apostles Girls School left several students hospitalised.

Eyewitnesses reported that a strange smell spread rapidly across parts of the ancient town, prompting parents and guardians to rush to schools to evacuate their children. Emergency responders moved over a thousand students from affected schools to the State Hospital, Ijebu-Ode, for medical attention.

Medical personnel at the hospital said many of the affected students complained of abdominal pain and related symptoms. Residents in surrounding communities and adjoining streets were also reportedly impacted by the unusual odour.

Affected schools include Our Lady of Apostles School, Anglican Girls Grammar School, Ijebu-Ode Grammar School, Sambadola Private School, Adeola Odutola Secondary School, and St. Anthony School, Esure, in Ijebu Mushin.

As of the time of reporting, no senior government officials had arrived at the State Hospital, where anxious parents and residents gathered in large numbers.

Ogun State Commissioner for Education, Prof. Abayomi Arigbabu, urged parents to remain calm, assuring them that medical personnel were attending to the students. He added that environmental officials from both federal and state agencies had been mobilised to investigate the situation.

The General Manager of the Ogun State Environmental Protection Agency (OGEPA), Hon. Kehinde Bello, disclosed that an air quality monitoring device installed at Ijebu-Ode Grammar School recorded elevated methane gas concentrations, with peak readings of about 13,500 ppm in surrounding areas.

Bello explained that the device was deployed under the state government’s environmental surveillance programme for early detection of abnormal air quality. He noted that while the methane level remains below the lower explosive limit, it is environmentally significant and requires urgent investigation.

The Ogun State Government has since activated a multi-agency team comprising environmental regulators, emergency responders, and technical air quality experts to assess the situation.

Bello advised residents to stay calm, continue normal activities, and avoid open flames or ignition sources in areas where unusual gas odours are noticed. He urged anyone experiencing symptoms such as dizziness, headaches, nausea, or respiratory discomfort to seek immediate medical attention at nearby health facilities.

The government assured the public of its commitment to protecting lives and public health, promising further updates as investigations progress.

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JUST IN: Dangote files new lawsuit against FGN over fuel import licences

The new filing asks the Federal High Court in Lagos to set aside import permits issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), arguing they breach an earlier order to maintain the status quo.

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Dangote Petroleum Refinery has filed a new lawsuit against Nigeria’s attorney general in a bid to overturn fuel import licences issued to ‌marketers and the NNPC state oil firm.

Reuters reported that the new filing asks the Federal High Court in Lagos to set aside import permits issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), arguing they breach an earlier order to maintain the status quo.

The case signals renewed tensions almost a year after Dangote withdrew an earlier lawsuit challenging similar licences.

That case sought to nullify import permits issued to the Nigerian ⁠National Petroleum Company and several traders.

NMDPRA did not immediately respond to a request for comment.

Regulators and marketers have previously argued imports are needed to ‌ensure ⁠adequate supply and prevent shortages.

Dangote said in the filing that the licences issued this month undermine its operations and contravene the law, which it argues allows imports only when domestic supply falls short.

Dangote ⁠ended the earlier lawsuit in July 2025 without explanation, leaving unresolved questions over competition and supply in one of Africa’s largest fuel markets.

Nigeria ⁠has long relied on petrol imports due to underperforming state refineries. Dangote’s $20 billion facility, with a capacity of 650,000 barrels ⁠per day, was billed to end that dependence, but imports have continued to cover supply gaps as the refinery ramps up output.

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