
FEATURES
A Federal Character Commissioner from Oyo State, Adeniyi Olowofela, has stated that the defection of former Kaduna State Governor, Nasir El-Rufai, from the All Progressives Congress will not hinder President Bola Tinubu’s re-election bid.
Speaking during a telephone interview with Noble FM in Ibadan, Olwofela described El-Rufai’s defection to the Social Democratic Party (SDP) as political suicide.
He argued that Tinubu holds the most powerful seat in Nigeria, and this, combined with the country’s political culture, will make it difficult to wrestle power from the president.
He said, “Bola Ige once said the most powerful person in Nigeria is the President. As a result, it is difficult to unseat Tinubu. His policies will yield positive results by the time the 2027 election approaches. What we are witnessing now is the natural interplay of demand and supply, which is beyond the government’s control.”
He dismissed claims of divisions within the APC, asserting that Tinubu has consolidated power within the party. “Contrary to what people are saying about APC being divided, it originated from the ACN and CPC. Tinubu has united all factions. The supposed divisions are mere political distractions,” he said.
Addressing speculation about the roles of former APC leaders such as Rauf Aregbesola and Kayode Fayemi, Olowofela maintained that they were merely Tinubu’s political foot soldiers. He also ruled out the possibility of opposition figures like Peter Obi and Atiku Abubakar forming a successful alliance with El-Rufai, as they would not join a party where they cannot secure a presidential ticket.
“Tinubu’s second term is in the North’s best interest. Many assume Northerners act as a single political bloc, but this is a misconception. Atiku and Rabiu Kwankwaso, for instance, will not align with a party that doesn’t guarantee them a presidential ticket,” he explained, predicting that Tinubu will secure victory in over 18 states in 2027.
Olowofela also criticized El-Rufai’s leadership in Kaduna, labeling him a religious extremist who alienated Christians. He suggested that this may play a role in the rejection of El-Rufai’s ministerial nomination.
Veteran Journalist and Presenter, Reuben Abati said on Tuesday that leadership in Nigeria must evolve to address the complex challenges of the 21st century.
Speaking at Baze University’s Founders Day celebration in Abuja, Mr Abati noted that Nigeria’s governance challenges have changed with digital transformation and so must governance.
Mr Abati, the keynote speaker at the event, spoke on the topic: “Leadership in a Disruptive Era: Ethics, Accountability, and the Future of Governance in Nigeria”.
He noted that the digital transformation despite its pros has also introduced challenges such as misinformation, cyber-attacks and data breaches.
He explained that governance must also evolve with the transformations in the digital era.
“In a disruptive era, leadership transcends traditional authority and requires a proactive, visionary, and ethical approach,” he said.
“Navigating governance in a disruptive era demands leaders who are ethical, accountable, and forward-thinking.
“Given Nigeria’s history of political instability, economic volatility, and social unrest, adaptive leadership is essential for ensuring resilience in governance.”
He said leadership today requires leaders who can address political instability, economic fluctuations, security threats, and technological disruptions through ethical decision-making and strategic governance.
Mr Abati noted that a successful government must build public trust which he said can be done through accountability and ensuring sustainable national development.
“The future of governance depends on the ability of leaders to rise above personal interest and prioritise collective good,” he said.
Institutional reforms
Mr Abati explained that ethical lapses in governance like corruption, nepotism and abuse of power are undermining national development.
He said institutional reforms are essential to build strong institutions for sustainable governance.
He listed the reforms to include the strengthening of independence for anti-graft agencies such as the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and other Related Offences Commission.
“Weak institutions have historically hindered Nigeria’s development, allowing corruption and inefficiency to thrive,” he said.
He also said policy makers must embrace evidence-based decision-making and continuity of policies to ensure developmental programmes are not abandoned due to political transitions.
“Policy frameworks should be aligned with long-term national development goals, while legislative processes must incorporate public participation to ensure that governance reflects the needs of citizens,” he said.
Founder’s Day Significance
Earlier in her welcome address, the university’s Vice-Chancellor, Jamila Shu’ara, a professor, said the event was to celebrate the vision of the founder of the institution, Yusuf Baba-Ahmed.
Ms Shu’ara said “Founder’s Day is a time to reflect on our journey, which is firmly rooted in a commitment to academic excellence, innovation, and community service.”
She noted that the institution commenced operations in March 2011, with 17 students in three faculties —Business Studies, Computing and Information Technology and Law.
Today, she said the institution has nine faculties, 102 academic programmes approved by the National Universities Commission (NUC), over 6,000 students and 911 members of staff.
The faculties are Management and Social Sciences, Law, Engineering, Environmental Sciences, Computing and Information Technology, Allied and Health Sciences, Basic Medical Sciences, Basic Clinical Sciences, and Clinical Sciences.
Ms Shu’ara added that the university has produced 3,300 undergraduate students and 668 post graduate students.
“As we celebrate our robust growth, we are grateful to God, and we pay tribute to our Founder’s unwavering belief in the power of education to change lives and communities,” she said.
Speaking, the Founder and Chancellor of the university, Yusuf Baba-Ahmed, emphasised the institution’s founding principles.
He said the university, which he founded 14 years ago, is based on the vision that “education is the most powerful tool for national transformation.”
“Today, we celebrate this institution’s remarkable journey, a journey marked by relentless dedication to knowledge, cutting-edge research, and character-driven leadership,” he said.
He said the university has consistently demonstrated a commitment to shaping minds, nurturing talents, and producing graduates ready to impact society.
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The Coordinating Minister of the Economy and Minister of Finance, Wale Edun, has said the government policies to revitalize the economy have been yielding positive returns.
Naija News reports that Edun stated this on Tuesday when he paid a courtesy visit to the First Lady, Oluremi Tinubu.
Edun, along with his team, visited the First Lady’s office to inform her about the forthcoming 32nd Annual General Meeting of the African Export-Import Bank (AFREXIM Bank), which will be held between June 23rd and 27th this year.
Mrs. Tinubu expressed readiness in hosting the spouses of Heads of Governments of African and other Countries who would be attending the meeting, noting that it would be another opportunity to showcase the best of Nigeria.
“This is one of the ways that God has just been blessing us in this administration with the quality of the people that are running the affairs of the country.
“Therefore, I thank the Minister for approaching us with the forthcoming AGM meeting of the AFRIMEX Bank. Meanwhile, ours is very easy being the wife of Mr President, I am supposed to be the Chief Hostess and to ensure that we take care of things,” she said.
The Minister, in his remarks, reaffirmed the government’s commitment to stabilising the nation’s economy with manufacturing and export becoming more competitive with others globally.
He emphasised Nigeria’s strong partnership with AFREXIM Bank and its commitment to fostering trade and economic growth for Africa and beyond.
“What we refer to was the competitiveness of the Nigerian economy, bold and courageous under the leadership of President Bola Tinubu over the last 20 months, the AFREXIM Bank has been reformed, it has been changed and it has been improved.
“We have a situation now where we have inflation stabilizing, food prices crashing down, petroleum prices coming down amongst other improvements in the economy.
“While we still have relatively high inflation, there is focus on helping people with their cost of living, and those reductions in major prices that affect the land, particularly encouraging and heartwarming for Mr President,” he stated.
Edun, who specifically talked about the reduction in inflation, added that this would be stabilised to the minimal level as time goes on with policies that would favour the indigenous manufacturers to be able to compete with others globally being put in place.
The 32nd AFREXIM Bank Annual General Meeting has as its theme, ‘Building the Future on Decades of Resilience’ and would be held in Abuja.
The immediate-past governor of Kaduna State, Malam Nasir El-Rufai, has alleged that the crises being faced by opposition parties like the PDP, LP, NNPP, amongst others, were being sponsored by “the government of the day.”
El-Rufai stated this during a visit to the Social Democratic Party (SDP) national headquarters on Tuesday, barely 72 hours after he resigned from the ruling All Progressives Congress (APC) to the SDP.
Recalls that El-Rufai, who was one of the founding members of the ruling APC, resigned and joined the opposition party on Monday.
In a statement issued on Monday announcing his defection, El-Rufai said developments in the last two years confirmed that those who currently control and run the APC did not desire to acknowledge, much less address, the party’s unhealthy situation.
The former governor said on Tuesday that even the act of going to courts, divisions, and factions across opposition parties were all contrived by the ruling party to destabilise the opposition.
“The crisis that is being faced in the Labour Party is contrived and funded by the government of the day.
“Everyone knows it. Jumping from one court to another is all designed to distract the party leadership from focusing on their functions.
“The same thing is happening in the PDP, even the NNPP has been targeted with distraction.
“There are people that have been resourced to go and cause problems in the NNPP. The last thing I read about NNPP was that one faction of the party has expelled Kwankwaso and the sitting governor.
“When you see things like that, you know it’s contrived crisis. Which party sacks a sitting governor? The only governor they have, you know it is contrived.
“I don’t have the details, I cannot mention names,” El-Rufai stated.
President Bola Ahmed Tinubu has tactically asked Governor Siminalayi Fubara to implement the recent judgement by the Supreme Court on the political crisis in Rivers State.
Addressing political leaders from the South-South on Tuesday in Abuja, Tinubu emphasised the critical need for adherence to the rule of law in Rivers State to ensure lasting peace and prosperity.
During a meeting with representatives and leaders of the Niger Delta under the Pan-Niger Delta Forum (PANDEF), President Tinubu, in a statement by presidential spokesman Bayo Onanuga, reiterated that respect for the judiciary is crucial in upholding democracy and fostering harmony.
The President advised the leaders to be more broadminded, selfless and focused on the larger vision of salvaging the region, politically and economically, by insisting that the judiciary’s interpretations of the Constitution be respected.
“I am here by the grace of God, appreciating your support, prayers and concern. I cannot complain. I campaigned for this position and begged for the job. I must do it with all my heart, whatever it takes.
“I will make sure we achieve our promises and goals. Nigeria is a great country. To some cabinet members here, from outside looking in and inside looking out, we have been doing our best to give Nigeria a re-bounce, a reset and a recalibration of the economic fortune.
“Yes, Niger Delta is the goose that lays the golden egg. We must care for the goose; otherwise, we lose the golden egg. I just wanted to let you know that I got your signal and your concern, particularly on Rivers State.
I have been on the issue for quite some time. I foresaw the crisis festering for too long before I intervened.
“We reached an agreement, written agreement, and both parties signed.”
The President said stakeholders must make sacrifices for the state to move forward by recognising the Constitution.
“This is a nation governed by the rule of law. I should not be here as President without a rule of law. I have total confidence in our judiciary. We have expectations. Human beings can make errors. But once the court has spoken, that is it.
“Please go back home and help implement the court rulings within the shortest possible time. I am putting the ball in your court. Help! Privately and openly intervene and counsel the governor. Pursue the path of peace and stability,” he added.
President Tinubu told the delegation that his priority remains community development, particularly projects and programmes that positively impact citizens.
“Go back home and take charge of peace. If you need me, let me know. I have given the situation enough time and enough consideration. We cannot fall back, and we will not. The people of Rivers State will not suffer because of democracy. We worked together on it. They will not suffer. They must be protected,” President Tinubu said.
The President commended the leadership of the Niger Delta.
“I have seen what you have tolerated in the region. Community development is very close to my heart. The leader of the Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, is doing a great job and should be encouraged to do more.
“He is your son. We are all proud of him. Yes, there are lots of misadventurers around Nigeria on democracy. We will continue to work on preserving the integrity and character of our legislators.
“I sincerely thank you for bringing up those issues. And for doing what you are doing for the country. Nigeria is too big for anyone. And greater than anyone. It is so great. That greatness must come from us through our determination, perseverance and endurance to do all we can to improve it.”
President Tinubu thanked the delegation for acknowledging the efforts to stimulate the economy for more sustainable and predictable growth.
“We cannot achieve Eldorado in one day. But we are on the path to it. We will succeed by the grace of God Almighty. We are resetting the economy, and it looks far better. We have funds for our children in college. Our medical colleges are also getting equipped,” he said.
The President noted that the ongoing coastal road project will create new economic benefits for the Niger Delta and the country.
“We are already working with international companies to build ports in the Niger Delta States,” he stated.
King Alfred Papapreye Diete-Spiff, Amanyanabo of Twon-Brass Kingdom and Co-Chairman of the PANDEF Board of Trustees, thanked the President for his commitment to South-South well-being and appointments given to Niger Delta indigenes.
“Your government has taken the bull by the horns, and we are sure you will succeed. We are here to give you our assurance and support. I can say now that God bless Nigeria and your government,” he said.
Obong Victor Attah, former governor of Akwa Ibom State and co-chair of the PANDEF Board of Trustees, called for further intervention in the Rivers State crisis.
Attah, who also chairs the reconciliation committee set up by PANDEF in Rivers State, said the political crises in Rivers State threaten national stability and deserve more attention.
“Instability there has far-reaching consequences on the peace and stability of the nation,” he added.
He praised the President’s reforms, including power devolution and regional development recognition, and urged focus on infrastructure, seaports, environmental sustainability, and fiscal federalism in the South-South.
The PANDEF delegation included former governors, legislators, ministers, traditional leaders, religious figures, and youth and women groups.
Pandemonium broke out on Tuesday night in Lagos residents of Otedola Estate and road users around the vicinity scampered for safety when a gas-laden tanker exploded and resulted in a raging blaze outward of Otedola Bridge in the Omole area of Lagos.
It was gathered that the inferno started at about 8pm when the accident involving a gas tanker led to an explosion with motorists and other road users fleeing in different directions.
Director of Lagos State Fire and Rescue Service, Margaret Adeseye, disclosed and confirmed that the inferno was being curtailed as it has spread to properties along the road leading to the Otedola bridge.
According to her, “The 30 tonnes DAF Gas Truck with an unknown registration number is on its way navigating the Lagos-Ibadan expressway before an accident resulting in an ensuing explosion accompanied with fireballs in front of a Redeemed Church.”
Adeseye further said, “The resultant fire quickly spread to the church and adjoining bungalow building as well as four different brands of vehicles while it is being mitigated from causing further damage.”
Meanwhile, she added that while firefighting operations were ongoing, there has been no record of casualty, promising further updates to follow.
The chairman of the Social Democratic Party (SDP) in Kogi State, Moses Peter Oricha, has urged the general public, security agencies, and the Independent National Electoral Commission (INEC) to disregard a purported congress being organised by some individuals claiming to be members of the party later this week.
The alarm comes barely 24 hours after the former Kaduna State, Nasir El-Rufai, joined the party.
The SDP is being projected as the party of choice for the opposition coalition movement as the Peoples Democratic Party (PDP) and Labour Party have been weighed down by series of crisis.
Oricha, who disclosed this in a statement on Tuesday, noted that certain individuals, whom he described as ghost members, are planning to conduct a congress on behalf of SDP in Kogi State on March 12, 2025.
“It has just come to my notice that some ghost individuals claiming to be members of the Social Democratic Party, SDP, in Kogi State are planning to organise a state congress this Wednesday, 12th March 2025.
“This is not only laughable but criminal in a modern democratic setting. These individuals are not only faceless but are also being sponsored by their paymasters—not just for their selfish interests but also to cause chaos in our party, which we built from scratch.
“The general public should not take these individuals seriously with their caricature of a state congress, which cannot stand the test of time because nobody knows them in SDP Kogi State.
“I have written to the Independent National Electoral Commission, and copied the Department of State Services, DSS, and the Commissioner of Police, urging them to disregard and stop this purported illegal congress, which will never stand the test of time.
“I am the authentic chairman of SDP in Kogi State, and we will not allow intruders who are working hard to destroy our party, which we have built over the years. This congress, scheduled for Wednesday, is null and void and cannot stand,” he said.
Oricha recalled that the congress of the present executive under his leadership, held on April 9, 2022, remains valid under the SDP constitution.
Explaining further, he said: “Any plan to conduct an SDP congress in Kogi State cannot hold. We urge SDP supporters to disregard any such purported plan by this group of disgruntled elements who are enemies of our party.
“To me, these are all ghost individuals who are not members of the SDP. We urge INEC and security agencies to be on high alert. As far as the SDP is concerned, there is no congress taking place later this week or this year until April 2026, in accordance with our party’s constitution.”
The Governor of Akwa Ibom State, Umo Eno has stated that he is expecting citizens to come after him with the Economic and Financial Crimes Commission (EFCC) when he vacates office.
Eno made the declaration at the Uyo Township Stadium on Tuesday while distributing various cash awards, business startup tools and equipment to numerous beneficiaries.
He noted that only Akwa Ibom State people with a sense of entitlement would not gain from his administration’s provisions for all Akwa Ibomites as he would not share ‘Ghana-must-go’ to idle citizens.
According to him, “The only set of people who will complain about this government are those who believe they have a sense of entitlement and will sit down for the governor to bring them ‘Ghana-must-go.’
“I will not bring you ‘Ghana-must-go.’ I will help you work with your hands. I will support the work of your hands because I know after my tenure, people will write petitions and will go to EFCC and I will defend the work that I did.
“When I am sitting there, you will not be there with me. So cautious of that fact, I will not bring you ghana-must-go. No entitlement to anybody. Akwa Ibom state belongs to all of us.
“So as long as you want to work with your hands, we will support you, we will do the right thing and ensure we are ready to face anything.”
The governor added, “Our people are fond of carrying up smear campaigns. I advise us. The way to repay our leaders is not to want to send them to jail when they finish serving you with all their hearts.
“The more we are doing that, the more we are discouraging other leaders. So, please, Akwa Ibom, get up, arise and work.”
Chairman of the Lagos State House of Assembly Committee on Information, Strategy, and Security, Ogundipe Olukayode, has dismissed claims that 25 lawmakers are planning to defect from the All Progressives Congress to an unnamed party.
According to Leadership, Olukayode described in a Tuesday statement that the report is “entirely false and without merit.”
“We categorically state that this claim is entirely false and without merit.
“During the recent leadership dispute within the Assembly, a similar report surfaced, suggesting that twenty-seven (27) members were preparing to leave the APC for the Labour Party.
“That claim was also unequivocally refuted, with members affirming their commitment to the party and confidence in resolving internal disagreements through established mechanisms,” he stated.
He emphasized that no APC lawmaker in the Assembly was contemplating defection, reiterating that as progressives, any challenges faced are resolved through democratic and lawful means.
Olukayode further assured that the APC leadership is actively addressing all internal concerns and outstanding issues will be resolved amicably.
He urged those spreading the rumours to desist from misleading the public, stressing that the Lagos Assembly remains focused on its legislative duties of enacting laws and motions that drive the state’s development.
PUNCH Online reports that the Lagos State House of Assembly recently experienced significant leadership changes.
On January 13, 2025, Speaker Mudashiru Obasa was impeached over allegations of gross misconduct and abuse of office. Mojisola Meranda was subsequently elected as the first female Speaker of the Assembly.
However, on March 3, 2025, Meranda resigned from her position, and Obasa was reinstated as Speaker.
These events have led to internal disagreements within the Assembly, prompting rumours of potential defections.
However, as stated by Olukayode, members have reaffirmed their commitment to the APC and are confident in resolving internal disagreements through established mechanisms.
Naija News reports that this development follows revelations that the landing cost of imported Premium Motor Spirit (PMS) has dropped to ₦774.72 per litre, a decrease that may force pump prices down to around ₦800 per litre in the coming weeks.
Dealers revealed that the ₦774.72 per litre landing cost, which includes shipping, import duties, and exchange rate fluctuations, is ₦50.28 lower than the ₦825 per litre ex-gantry price at Dangote Petroleum Refinery.
This price advantage has sparked a shift among independent and major marketers, who are now ditching Dangote’s product for imported fuel, intensifying the price competition in the sector.
Speaking on the development, National Publicity Secretary of the Independent Marketers Association of Nigeria, Ukadike Chinedu, in a chat with Punch, projected that a further reduction in crude oil prices could push PMS pump prices down to ₦800 per litre.
NNPC, Dangote Refinery Slash Prices Amidst Competition
Last Monday, the Nigerian National Petroleum Corporation (NNPC) reduced its retail petrol price to ₦860 and ₦880 per litre, down from ₦945 and ₦965 per litre in Lagos and Abuja, respectively.
NNPC’s price cut followed a similar reduction by Dangote Refinery, which slashed its ex-depot petrol price from N890 to N825 per litre, marking its third price reduction in two months.
Despite these adjustments, private marketers have capitalized on the falling import costs to offer even lower prices, thereby creating a challenging market environment for the refinery.
Private Depots Undercut Refinery’s Price
Findings by The PUNCH indicate that private depots are now offering lower rates than marketers lifting directly from Dangote Refinery.
An analysis of depot pricing revealed that:
AA RANO Depot – ₦830 per litre
MENJ Depot – ₦830 per litre
MRS Tincan – ₦830 per litre
WOSBAB Depot – ₦832 per litre
AITEO Depot – ₦832 per litre
RAINOIL Depot – ₦831 per litre
In contrast, marketers who lifted two million litres from Dangote Refinery at ₦825 per litre are selling at ₦835 per litre, making just a ₦1 profit while still pricing ₦4 higher than private depots.
Oil and gas analyst, Olatide Jeremiah, predicts that Dangote Refinery may be forced to cut its ex-gantry price further to regain market share.
“Marketers are increasingly sourcing from private depots, which offer greater price stability,” he said.
Providing insight into the shifting market dynamics, Jeremiah explained: “Last week, PMS and diesel prices started dropping. By Thursday, prices fell below Dangote’s ex-depot rate.
“The refinery price is ₦825 per litre, but when you add ₦9 for NMDPRA fees, the total reaches ₦834 per litre.
“Private depots, however, secured cheaper products at rates lower than Dangote’s coastal price of ₦780 per litre.”
He added that the cost of transporting products from Dangote Refinery to trucks ranges between ₦40 to ₦45 per litre, making it an expensive option for marketers.
“At Dangote’s depot today, the place was almost deserted. Many marketers have switched to private depots where there is less price volatility,” Jeremiah noted.
Oil Marketers Decry Frequent Price Reductions
Meanwhile, members of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) have criticized the frequent price changes, arguing that marketers continue to record losses.
Despite the full deregulation of the petroleum sector, PETROAN has called for a six-month regulatory timeframe for price adjustments to create market stability.
With Dangote Refinery under mounting pressure and private importers securing cheaper alternatives, industry analysts suggest that the Nigerian fuel market is on the verge of another major shake-up, with consumers likely to benefit from further price reductions in the coming weeks.
[NaijaNews]
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The Nigerian Meteorological Agency (NiMet) has said 19 states in the North Central zone, Southeast, and coastal areas are at risk of impending heat stress.
The states that would be mostly affected are Kebbi, Niger, Kwara, Oyo, Kogi, Nasarawa, Benue, Enugu, Anambra, Abia, Ebonyi, Cross River, and FCT.
Other vulnerable regions are the southwest and northern states including Taraba, Adamawa, Plateau, Kaduna, Zamfara, and Sokoto.
The NiMet alert issued yesterday shows rising temperatures and high humidity over the next three to four days, which may cause thermal discomfort across several regions.
According to the agency, the potential health risks include fatigue and irritability, reduced focus and motor skills, and lower productivity.
NiMet, however, advised residents of the affected areas to
“Stay cool by using fans, air conditioning, or shaded spaces and dress light by wearing breathable clothing.
“Drink plenty of water, avoid peak sun hours (12 PM – 3 PM). Use sun protection like hats, sunglasses, and sunscreen.”
[Leadership]
The House of Representatives Committee on Finance has proposed major changes in the tax reform bills sent to the National Assembly by President Bola Ahmed Tinubu.
Daily Trust reports that the committee modified a number of the clauses, expunged some, retained many and introduced some new clauses in the bills.
The chairman of the House Committee on Finance, Rep James Abiodun Faleke, yesterday presented the reports on the consolidated tax reform bills to the House at the resumption of plenary.
President Bola Ahmed Tinubu had in October 2024 transmitted the four tax reform bills to the National Assembly for consideration and passage.
The presentation of the reports followed the conclusion of a three-day public hearing on the bills and the subsequent review of the memoranda presented to the committee as well as inputs made by various stakeholders during the hearing.
The reports presented to the House include that on a “Bill for an Act to Provide for the Assessment, Collection of, and Accounting for Revenue Accruing to the Federation, Federal, States and Local Governments; Prescribe the Powers and Functions of Tax Authorities, and for Related Matters (HB.1756) ” (Referred: 12/2/2025).
“A Bill for an Act to Repeal the Federal Inland Revenue Service (Establishment) Act, No.13, 2007 and Enact the Nigeria Revenue Service (Establishment) Bill to Establish Nigeria Revenue Service, charged with Powers of Assessment, Collection of, and Accounting for Revenue Accruable to the Government of the Federation and for Related Matters (HB.1757)” (Referred: 12/2/2025).
“A Bill for an Act to Establish Joint Revenue Board, the Tax Appeal Tribunal and the Office of the Tax Ombud, for the Harmonisation, Coordination and Settlement of Disputes arising from Revenue Administration in Nigeria and for Related Matters (HB.1758) and a “Bill for an Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks Relating to Taxation and Enact the Nigeria Tax Act to Provide For Taxation of Income, Transactions and Instruments, and for Related Matters (HB.1759).”
Daily Trust reports that barring any last minute change, the House of Representatives will begin the clause-to-clause consideration of the bills on Thursday.
Drops VAT increase, modifies inheritance tax
Meanwhile, the committee has recommended a number of changes to the proposed bills and recommended to the House for clause-by-clause consideration and passage.
The changes made to the bills addressed some of the contentious clauses such as increase in VAT rate, scrapping of TETFUND, NITDA and NASENI, modification of inheritance tax; VAT derivation and distribution formula, among others.
While it was proposed in section 146 that VAT should be increased from the current 7.5% to 10% by 31st December, 2025; 12.5% from January 2026 to December 31st 2029 and to 15% from January 2030 upwards, the committee recommended that the current 7.5% VAT rate be retained.
The committee also modified the contentious clause on inheritance tax. While it was proposed that an estate left by a deceased would be taxed, it has been modified to say that whoever inherits such estate or part of it as an heir and invests it in business yielding returns will now be taxed.
TETFUND, NITDA, NASENI to remain
The Section 59 of the Nigerian Tax Bill which proposed to stop the funding of TETFUND, NITDA and NASENI by 2030 has been modified by the committee, which proposed that the funding should continue, while recommending additional agencies to benefit from the 4 % development levy fund.
The committee recommends that the fund accruing from the 4% development levies imposed on the assessable profits of all companies shall be distributed as follows — (a) Tertiary Education Trust Fund — 50%; (b) Nigerian Education Loan — 3%; (c)National Information Technology Development Fund — 5%; (d) National Agency for Science and Engineering Infrastructure — 10%;
Others include Social Security Fund – 10; Defence Infrastructure Fund, 10%; Nigeria Police Trust Fund – 5%; National Sports Development Fund– 3%; National Board for Technological Incubation – 3% and National Cybersecurity Fund – 1%.
The committee further recommended that for the purpose of this section, every beneficiary Agency and Fund in subsection (3) shall be required to prepare and submit their income and expenditure to the National Assembly for appropriation
While Section 22 of the bill proposed that “a taxable person shall, in respect of Value Added Tax (VAT), with or without a notice and whether or not an economic activity has taken place, submit a return to the Service in the prescribed form, by the date specified in subsection of this section or in a regulation issued by the Service for that purpose, the committee recommended that a taxable person shall, in respect of Value Added Tax (VAT), with or without a notice and whether or not an economic activity has taken place, submit a return to the Service in the prescribed form, on or before the 21st day of the following month.
Attribution irrespective of location
While the Section 22 (12) proposed that “For the purpose of attribution, any return under this section shall provide details of derivation of taxable supplies by location in a manner prescribed by the Service”, the committee recommended “For the purpose of attribution, any return under this section shall provide details of consumption of taxable supplies, irrespective of where the return is filed.”
Section 7(2) of the Nigerian Tax Administration Bill proposed that “Where a relevant tax authority refuses to register or issue a Tax ID upon request under subsection (1) of this section, the relevant tax authority shall, within two working days of the decision, notify that person of the refusal. However, the committee recommended that “Where a relevant tax authority refuses to register or issue a Tax ID upon request under subsection (1) of this section, the relevant tax authority shall, within five working days of the decision, notify that person of the refusal with reasons.
On fiscalisation
Section 23 of the bill proposed that where the Service deploys an Electronic Fiscal System (EFS) any person making a taxable supply shall use the EFS for recording and reporting all supplies. It also proposed that the Service may prescribe technical specifications and security standards for using the EFS to record and report supplies. It further added that taxable persons shall be responsible for maintaining accurate records of all transactions passing through the EFS.
However, the committee recommended that, “The Service shall specify the fiscalisation system to be adopted and a transition arrangement for its implementation.”
It also recommended that (1) “Where the Service deploys an Electronic Fiscal System (EFS), any person making a taxable supply shall use the EFS for recording and reporting.”
The committee further added that “Taxable persons shall be responsible for maintaining accurate records of all transactions passing through the EFS and that the Service shall specify the fiscalisation system to be adopted and a transition arrangement for its implementation.”
Section 27 proposed that, “Every person who has an obligation to deduct and remit tax under this Act or any other tax legislation shall render monthly returns as specified in the regulation issued for that purpose.
“Every person who has an obligation to deduct and remit tax under this Act or any other tax legislation shall render monthly returns to the appropriate tax authority, as specified in the regulation issued for that purpose.
Company tax rates
Section 56 of the Nigerian Tax Bill proposed that “Companies shall be levied, for each year of assessment in respect of total profits of every company, in the case of— (a) a small company, at zero per cent; and (b) any other company, at the rate of– (i) 27.5% in 2025 year of assessment, and (ii) 25% from 2026 year of assessment.”
However, the committee recommended that tax shall be levied, for each year of assessment in respect of total profits of every company, in the case of— (a) a small company, at zero percent; and (b) any other company, save for companies in subsection (2) of this section, at the rate of 30 per cent. It further recommended that companies operating in priority sectors as contained in the Eleventh Schedule of this Act shall be subject to income tax at the rate of 25 per cent, during the priority period.
90% of contentious areas addressed – Lawmaker
Speaking to our reporter yesterday, Rep. Bappah Aliyu Misau (PDP, Bauchi) said he had gone through the contentious issues and noticed that over 90 per cent of the concerns raised had been addressed.
He said: “I had the privilege to be at the public hearing in order to feel the pulse of the nation as regards the bills. So, what I read first when I saw the report were the contentious and controversial issues. That was the first thing I did to see how the diverse opinions and suggestions by Nigerians as groups and individuals have been considered.
“The issue of VAT increase has been addressed; the issue of TETFUND, NITDA and NASENI scrapping has been removed. The proposed VAT increase from 7.5 per cent to 10 per cent and subsequently to a higher percentage has been removed.
“Inheritance Tax was the most critical aspect in the Tax reform bills which affects all Muslims. The issue has been addressed squarely. Initially, it was proposed that the estate left by a deceased would be taxed. That aspect has been removed. What is now contained in bill is that whoever inherits the estate or part of it as an heir and invests it in business, the business or the property yielding returns to him will be taxed.
“The other issue we raised about the Southern part getting more share of the VAT has also been addressed. Now we have 30 per cent derivation rather than 60 per cent. The derivation is also not as it was before; it will be based on consumption, not based on where a company or entity is headquartered.
“So, it is 30 per cent on consumption. And again, we said, this 30 per cent because of fiscalisation. What needs to be done now is to provide the technology that can track the consumption and provide the needed data for computation.
“The other issue addressed is the composition of the board of the proposed Joint Tax Board. After the chairman, it was now agreed in the bill that persons will be appointed to the board from all the 36 states and six executive directors will be appointed with one each representing each of the political zones.
“So, the executive directors will serve as heads of operations. Before, the provision was to have only non-executive directors who almost have no power, but will act on what the chairman directs them to do. What is in the bill now is that the zones will bring one person each and the president will be the one to appoint the executive directors for a tenure of four years, renewable. So, all the grey areas have been taken care of.
“The excessive powers given in the initial bill have been toned down with the proposed appointment of one person from the 36 states as members and the appointment of the executive directors from the zones.
“So, the fear of the chairman wielding excessive powers has been allayed and addressed,” he said.
Fear in the North
Daily Trust reports that before the public hearing was held, there was a lot of push back on the bills especially from the North.
Governors and members of the National Assembly from the region had noted serious concerns on some provisions in the presidential bills.
However, after serious debates and interventions, a consensus was reached between the governors and tax reform team, a development that paved the way for public hearing at the two chambers of the national assembly.
Some legislators told the Daily Trust after the public hearing, senators and members of the House of Representatives from the North had commissioned the services of some consultants who helped in bringing out serious defence on why some provisions in the original bills must be expunged.
“We succeeded in proving our fears and gladly, Rep Faleke, who is the chairman of the finance committee agreed,” one of the sources said.
But another Rep member said they are still entertaining some fears.
“Of course, most of the issues we corrected at the House committee have been relayed to the Senate Committee on Finance led by Senator Sani Musa from Niger State. We are hopeful that during the clause by clause consideration, the issues would be taken seriously.
“We want to believe that some of our colleagues both in the Senate and the House of Representatives would not be compromised,” the source said.
Red flags
Our correspondents report that outside the National Assembly, still there are concerns that several contentious and “potentially dangerous” provisions in the Bills have not been dealt with despite the recent public hearing on the Bills.
A new research conducted by the Centre for Democratic Development Research and Training (CEDDERT) highlighted these provisions, saying key issues that directly impact citizens were neglected.
The publication, authored by Abubakar Siddique Mohammed and Aliyu Rafindadi Sanusi was the second to be released by the group of intellectuals since the debate on the tax reform bills began.
In the earlier publication released in December, the group had highlighted how some of the provisions could threaten the Nigeria’s federal system
And in the latest document released in February, CEDDERT highlighted “potentially dangerous” provisions which can be abused.
The scholars explained that the consensus emerging from the several political bargains by the elites over the bills “would have serious economic and social consequences because it has neglected the many aspects of these bills that are important for the people’s welfare.”
According to CEDDERT, President Bola Ahmed Tinubu was able to “snatch” some compromises from the governors “using all forms of subterranean means.”
For instance, Section 75(1) of the proposed Tax Administration Bill grants the President unrestricted authority to exempt any company or group of companies and any of their profits, regardless of the source, from income tax on any grounds deemed adequate.
It also pointed out that under Section 75(2), the President is empowered “to amend, add, or repeal any tax exemption by issuing an executive order.”
The group stated that “there is no democratic country in the world where a president has such powers! Not in the US, the UK or even Russia.”
According to the researchers, this section of the bill, which gives significant power to the President, if passed “will deepen centralisation of authority, increase unproductive lobbies, reduce revenue and increase corruption in ways similar to import duty waivers given in the past.”
The report also highlighted Section 60 of the NTAB which empowers the authority to seize assets of a person whose assessment is finalised and conclusive.
“They do not need further approval of the court (section 60(b)(3)) to distrain any property. They can use police with reasonable force to break and enter the property (Section 61). The authority may sell the seized property after 14 days (section 60 (b)(4)) with court approval.”
According to the report, this practice is now restricted to require court approval or abolished in many jurisdictions because of abuse.
“This section is all the more dangerous due to weak state institutions. With this provision, citizens can be targeted and crippled financially. Indeed, it is in violation of the constitution and of the law of natural justice,” the scholars stated.
According to the group, in line with the global best practice, and the provision of the Joint Revenue Board that establishes the Tax Appeal Tribunal, all tax disputes should be settled in courts.
It also queried the introduction of special purpose tax officers, saying it would only add to the retinue of law enforcement officers “who have continued to complicate law enforcement itself” as the officers were given the powers of police officers.
The publication also examined Section 63 which empowers the authority to investigate or cause an investigation to be conducted on any person, whether or not it is reported, based on suspicion arising from lifestyle (Section 60 (3)). The authority can use any law enforcement agency for the purpose (Section 63(2)).
It opined that this can be used to hound political opponents given “the dictatorial tendency of our leaders.”
“These complex and excessive powers are not only dangerous to the citizens, but also to the politicians themselves. The danger of these provisions reminds us of the attempt to use tax laws to prevent Dr. Nnamdi Azikiwe and Mallam Aminu Kano from contesting election,” it added.
Actress Mary Njoku has raised concerns about the benefits of joining Nollywood guilds and associations, questioning their impact on members.
In a post on her Instagram story, Njoku revealed that she struggled to provide a clear answer when an up-and-coming filmmaker asked about the advantages of guild membership.
She urged the Actors Guild of Nigeria (AGN) and other Nollywood associations to clarify and present evidence of the tangible benefits they offer to their members.
She wrote: “A budding filmmaker asked me ‘what are the benefits of being part of Nollywood guilds and associations?’ and I am struggling to give a clear answer. Can someone help outline the benefits with supporting evidence?”
According to the National Film and Video Censors Board (NFVCB), there are 22 approved Nollywood guilds and associations, including the AGN and Theatre Arts and Motion Picture Practitioners Association of Nigeria (TAMPAN).
[TheNation]
Controversy has trailed the purchase of N5BN vehicles for 40 lawmakers at the Lagos State House of Assembly, deepening the feud between Speaker Mudashiru Obasa and erstwhile Speaker Mojisola Meranda.
The PUNCH learnt that Meranda purportedly led the purchase of about 39 vehicles for the lawmakers during the period Obasa was removed as Speaker.
However, it was further gathered that Obasa had in December 2024 approved N7bn for the same purpose with plans in motion before he was ousted on January 13, 2025, by about 35 of the 40 lawmakers at the House over allegations of highhandedness, and financial misappropriation among others.
Meranda, who was then made the Speaker by the lawmakers, presided over a boiling House for 49 days until March 3 when she tendered her resignation following the intervention of the leaders of the All Progressives Congress.
Obasa was reelected as Speaker and Meranda returned to her initial position of Deputy Speaker.
However, the crisis does not seem to go away as Meranda and the Assembly still face legal battles from Obasa in the state High Court as the Speaker challenges the basis for his removal.
His contention in court is still ongoing despite the political intervention of party stakeholders who resolved the leadership crisis.
Amid the legal battle is also the contention between the duo over the purchase of the vehicles with money withdrawn from the Assembly’s account while Obasa was away.
Sources privy to the development said Obasa is contending the purchase of the vehicles without his authorisation, as the Speaker had his plan of purchasing the vehicles from Dubai from his bidder of interest.
“He had approved the money before his removal. But Meranda proceeded with buying them, a move that infuriated Obasa,” an aide to Obasa, who asked not to be named for not being authorised to comment yet, said on Tuesday.
“In December, Obasa approved the purchase of those vehicles. But for him, the vehicles were to be bought from Dubai but when Meranda took over, she made it an open bidding. They weren’t bought in Dubai anymore. That is just the difference. So it’s not as if they stole money as it’s been propagated,” another source in the Assembly told The PUNCH on condition of anonymity on Tuesday.
“The purchase or execution was only done (under Meranda). Obasa already approved it. There is a difference between between approval and execution,” the source added.
When contacted on Tuesday, Meranda’s spokesperson, Victor Ganzallo, said an official statement would be issued.
“We will put out an official statement,” he said.
The PUNCH is yet to obtain the statement as of press time.
However, a source close to Meranda who noted that he had not got official authorisation to speak, stated that the first female Speaker only saved N2bn by purchasing 32 units of 2025 Toyota Prado SUV and seven units of Toyota Landcruiser 2025 at the sum of N5b, rather than the N7bn budgeted by Obasa.
“Let it be known that Rt. Hon. Mojisola Meranda never made any withdrawal from the account of LAHA; rather, she only made a downward review of an existing procurement approval by Rt. Hon. Mudashiru Obasa. In doing that, she saved the assembly the sum of N2 billion,” he stated.
He said Obasa had done an approval for the purchase of 35 units of Toyota Fortuner SUV and 10 units of Toyota Prado from Dubai at N7bn.
“As a matter of fact, he made the approval on December 23, 2024. Upon his removal, Rt.Hon. Mojisola Meranda reviewed the approval and called for a bidding locally and approved the sum of N5b for 32 units of 2025 Toyota Prado SUV and seven units of Toyota Landcruiser 2025 at the sum of N5b, saving N2b for the House.
“Unlike Obasa who had planned to import the vehicles from Dubai, all the cars were locally supplied. It is imperative to note that no money was withdrawn by Rt.Hon. Meranda, she only reviewed an existing approval.
“Interestingly, Hon. Meranda spent far less money to acquire better quality cars and didn’t even approve a single one for the office of the Speaker that she occupied,” he added.
Meanwhile, Obasa’s lawyer, Chief Fashanu Afolabi (SAN), has spoken on why Obasa is still in a legal battle against Meranda and the Assembly despite his client’s reelection as Speaker.
He said the allegations Obasa by the lawmakers were heavy and needed to be trashed.
“Because there are some issues that are still pending within the context of notice of allegation. The case of allegation contains reasons for the impeachment which include highhandedness, fraudulent malpractices and the rest and we feel that those issues must be trashed out,” he told The PUNCH in a telephone interview on Tuesday.
Justice Yetunde Pinheiro of the Lagos State High Court in Ikeja had on Monday adjourned the hearing of a suit filed by Obasa to March 17, 2025.
The court had previously scheduled the hearing for March 10, 2025, but at Monday’s proceedings, counsel for the House of Assembly, Femi Falana (SAN), informed the court that Obasa’s legal team, led by Afolabi Fashanu (SAN), had served further affidavits on the same day.
[Punch]