•72 lawmakers, Zulum, Tambuwal reject bills, APC slams critics as northern group protests

The House of Representatives has suspended indefinitely the debate on the Tax Reforms Bills earlier fixed for Tuesday following mounting pressure from the 19 northern states governors, The PUNCH reports.

The planned debate was called off in a memo signed by the Clerk of the House of Representatives, Dr Yahaya Danzaria, as 73 northern lawmakers kicked against the bills.

Those who rejected the bills include 48 Reps members from the North-East, 24 federal lawmakers from Kano and a former Governor of Sokoto State, Senator Aminu Tambuwal, who represents Sokoto South Senatorial District.

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The memo suspending the debate dated November 30, 2024 is titled, ‘Rescheduling of Special Session on Tax Reform Bills.’

It read, “I am directed by the House leadership to inform all Honourable Members that the special session, initially scheduled for Tuesday, December 3, 2024, to discuss all the tax reform bills, has been postponed to a later date.

“This rescheduling is due to the need for further and broader consultations with all relevant stakeholders. A new date and venue for the session will be communicated in due course. We regret any inconvenience this may cause and appreciate your understanding.”

A leaked video of the closed-door session of the Green Chamber obtained by The PUNCH showed the North-East lawmakers in tense debates against the tax reform bills.

The footage shows the member representing Damboa/Gwoza/Chibok Federal Constituency, Borno State, saying, “On behalf of the 48 honourable members from the ravaged North-East sub-region, I want to first of all rely on the position of the three previous caucus leaders. In addition to this, the primary responsibility of every government is simply the welfare of its citizens.

“North-East, even before the insurgency, was the poorest region in Nigeria. Today, our people have been turned into beggars. Billionaires and millionaires of yesterday have to queue up in IDP camps in host communities to collect 10kg bags of rice.

“If other parts of the country were in our shoes, even this sitting would not be possible. We have concluded that we are going to make further consultations because there is nothing that is cast in stone.”

Giving an insight into the development during the closed-door session, a lawmaker from the North-West, stated, “As the representatives of the people, we have resolved to continue our consultation on the matter,” adding that “Things degenerated almost to a point of rebellion against the Deputy Speaker Benjamin Kalu who presided over the executive session.”

According to him, what transpired during Thursday’s executive session indicate that the bills may not have a smooth ride in the House.

“From what I can deduce, the Governors of the North are not yet convinced about the arguments in favour of the bills.  The bills are against the interest of the North and that is why we are saying, ‘if you think this is not the case, give us more time to consult with our people.’

“The speed with which they want these bills considered and passed is suspicious. This is why our governors are not convinced and we are not convinced either,” he noted.

The PUNCH reported that on September 3, 2024 President Bola Tinubu transmitted four tax reforms bills to the National Assembly for consideration following the recommendations of the Taiwo Oyedele-led Presidential Committee on Fiscal and Tax Reforms.

The bills include the Nigeria Tax Bill 2024, which aims to provide the fiscal framework for taxation in the country, and the Tax Administration Bill, which will provide a clear and concise legal framework for all taxes in the country and reduce disputes.

Others are the Nigeria Revenue Service Establishment Bill, expected to repeal the Federal Inland Revenue Service Act and establish the Nigeria Revenue Service as well as the Joint Revenue Board Establishment Bill, which will create a tax tribunal and a tax ombudsman.

On October 29, 2024, the Northern Governors Forum, the umbrella body comprising the 19 governors of the region, kicked against the bill, particularly the Value Added Tax-sharing template.

At a gathering in Kaduna, the governors directed federal lawmakers from their respective states to vote against the bills when they came up for debate in both chambers of the National Assembly.

Two days later, the National Economic Council presided over by Vice President Kashim Shettima advised the Federal Government to withdraw the bills to create room for broader consultations among critical stakeholders, a counsel turned down by the President in a statement by his spokesman, Bayo Onanuga.

Last week, the Tajudeen Abbas-led 10th House spent over two hours in executive session to forge a common front on the bills, only to emerge to announce the continuation of consultation ahead of the debate on the general principles of the bills.

One of our correspondents gathered that the bills would have been debated on Tuesday, but the intense pressure on lawmakers fuelled by Friday’s remark of Borno State Governor, Babagana Zulum, may have triggered the postponement of the debate yet again.

Zulum was quoted in an interview with BBC as saying, “Why the rush? The Petroleum Industry Bill took almost 20 years before it was finally passed. But this tax reform bill is being transmitted and receiving legislative attention within a week. It should be treated carefully and with caution so that even after our exit, our children will reap its benefits.

“We condemn these bills sent to the National Assembly. They will drag the North backwards and also affect the South East, South West, and some South-Western states like Oyo, Osun, Ekiti, and Ondo.”

In what appeared a reminder of how Tinubu was elected the President, Zulum urged him not to gloss over the role the North played in his election.

He added, “This is not opposition. Based on our understanding, this bill will destroy the North entirely. We call on President Tinubu to review this decision. He secured 60 per cent of his votes from the North. He should not listen to those telling him the North is not supporting him. What we need is the withdrawal of these tax bills.”

Zulum, on Sunday, however, stated that he was not an enemy of President Tinubu’s administration, insisting that if the four tax bills were passed into law, only one of the 36 states – Lagos – would be the major beneficiary.

The governor made the clarification on Channels Television’s Politics Today.

He said, “I am a strong member of the APC. If you are to count two governors who have been in support of Tinubu from 2019 to 2023, you can mention Prof Zulum. I was the first governor to come out publicly to say that power must go to the South.

“Unfortunately, the President was told by many that the North is against him. About 60.2 per cent of his votes came from the North. On this tax issue, there are a lot of misconceptions. During the NEC, we advised the Federal Government to pause for a moment to have a deeper consultation with stakeholders. That was our own statement.

“But later on, people turned it upside down. I want you to believe that our consultation is central to democracy and in a democratic setting, we are begging for the right to be consulted. This is only what has happened.”

Zulum added, “I am not an economist. But based on the calculations we did, only Lagos will benefit from, this scheme. However, we have had a series of consultation with the FIRS team and had a meeting with the tax team of Lagos State. Lagos told me that they will lose a lot if this implemented. They said ‘We did our research and concluded we will lose.’

“Then why are we in a rush? Not only in Northern Nigeria, the Southeast, South-South and even the Southwest will be severely affected. Only Lagos will benefit from this scheme. But what we are telling them is to give us time. Why are we in a rush? Let us pause and do deeper consultation because we are in a democracy.

“We should look at the nitty-gritty of these bills before passing into law. This is our only bone of contention. And then people are saying Prof Zulum and the governors are against the president. This is a democratic setting. People want us to run a garrison democracy. Most of these monies will go to Lagos. We need more time.” 

Lawmakers reject bills

Corroborating the position of their state governor,Abba Kabir Yusuf, the 24 federal lawmakers from Kano State have also rejected the tax bills.

The decision was adopted during a state caucus meeting on Sunday chaired by the Kano State Deputy Governor, Aminu  Gwarzo, and attended by many state representatives.

The member representing Kumbotso Federal Constituency, Idris Dankawu, stated, “To clarify this issue, I want to inform the people of Kano State, especially the residents of Kumbotso Federal Constituency,  that based on the outcome of our meeting, we are against the proposed tax reform bills. We have agreed to work collectively to ensure that the bill is withdrawn in the overall interest of the good people of Kano State.

 “Let me reassure the good people of Kumbotso Federal Constituency that your views, opinions and yearnings will continue to receive my utmost attention and care.”

A former Governor of Sokoto State, Senator Aminu Tambuwal, similarly thumbed down the bills.

 

Tambuwal made his position known during the distribution of relief materials to victims of flooding as well as handing over starter packs to over one thousand beneficiaries of skills acquisition in his senatorial district on Sunday.

He condemned the timing of the bill, which he said was wrong and not in tune with the demands of the citizens.

He said, “Let me use the opportunity of this platform to address the issue that is raging for now; the issue of Tax reform as presented by President Bola Ahmed Tinubu.

“I believe this is a wrong time for any upward review of either VAT or any form of tax, the time is inauspicious, the time is very wrong.

“These are hard times for the people of Nigeria and what they are going through. What we require of the government is for it to focus on projects and programmes that will bring succour and relief to the people and not increase their hardship.

“Already, we are facing the hardship occasioned by the devaluation of the naira and removal of fuel subsidy that was done by this regime. I believe we should focus on managing the hardship and see how we can bring our people out of hardship.

“The recent statistics of National Bureau of Statistics shows that over 30 million Nigerians are already in abject poverty.”

APC lawmakers lobby

Meanwhile, two lawmakers elected on the platform of the All Progressives Congress, Philip Agbese and Babajimi Benson, have been canvassing support for the bills in the Green Chamber.

Speaking with our correspondent, Agbese, who represents Ado/Ogbadigbo/Okpokwu Federal Constituency,  Benue State, said, “We are rallying support, trying to convince our colleagues because these tax bills intend to take the burden away from poor people and small companies.”

On his part, Benson, who represents Ikorodu Federal Constituency, Lagos State and who has been a consistent advocate for the bills explained, “We have all seen the merits in the bill but we are all lobbying ourselves to make the final document accepted.”

On why the debate on the bills was put on hold, Benson said, “We understand that the tax bills have generated so much interest. We understand that as a family, broader consultations need to be done, we all need one another. We need to separate the issues; we need to ensure that contentious issues are identified and negotiated.

“We believe that in the fullness of time, the tax reforms proposed by Mr President will be adjudged as a game-changing initiative.”

In line with the position of the northern leaders, the Coalition of Northern Groups, Gombe State chapter, expressed strong opposition to the proposed tax reform bills, citing concerns that it may exacerbate regional disparities and negatively impact the economic well-being of the northern region.

In a statement signed by the state coordinator, Muhammad Deba, on Saturday, the group stated, “The new VAT regime could further widen the economic gap between the North and South. This could lead to social unrest, migration, and other negative consequences.

“The government has not provided sufficient data and analysis to justify the proposed changes to the VAT sharing formula. Without transparent and evidence-based decision-making, the potential negative impacts of the reform cannot be accurately assessed.”

Oyo’s stand

The Special Adviser to the Oyo State Governor on Media, Sulaimon Olanrewaju, on Sunday, disclosed that the state government fully backed the National Economic Council’s position on the controversial tax bills.

Olanrewaju, who spoke with The PUNCH in Ibadan, the Oyo State capital, said NEC’s position would enable the bill to meet the needs of the people.

“Well, I don’t have a response to whether it will affect the payment of salaries of civil servants or not, but I would like you to recall that the council at its meeting advised the President to withdraw the bills and allow for more discussions and consultations.

“And you will recall that all the governors were there, the past governors were there. My governor, Seyi Makinde, was the one that read the position of the council. My governor communicated the positions of the council. So, it remains the position of the Oyo State Government, that we need more consultations.

“The governor was not saying withdraw or stop the reform. To make it more effective, address the needs of the people, and correct the imbalances that have existed, it requires wider consultations and that is the position of the state. But whether it will affect the payment of salaries or not, I don’t have that information.”

Afenifere backs bill

However, the pan-Yoruba socio-political organisation, Afenifere, however, threw its weight behind the controversial bills.

The group, which disagreed with some other socio-cultural groups in the country, argued that Tinubu meant well for the country with the bills, which have passed the second reading in the Senate.

The Organising Secretary of the group, Abagun Omololu, explained that the bills had potential economic benefits for all regions, including the northern region.

He said, “Afenifere is in support of the tax reform for its promise of economic revival. We have noted that the bills are a crucial step towards stimulating the Nigerian economy, hence with the tax system reform, we hope for improvement of revenue generation at both federal and state levels. This is essential for funding critical infrastructure and social services that will benefit all Nigerians, including those in the North.

“After due scrutiny and consideration, we agree that the proposed changes to VAT administration are designed to align revenue sharing more closely with consumption patterns, affording states to receive funding based on actual economic activity rather than historical allocations.”

On its part, the Middle Belt Forum said it would support any reform that engendered justice and fairness among the federating units and put the country on the path of development.

The MBF National President, Bitrus Pogu, said the bills should be subjected to scrutiny by experts to enable Nigerians have a better understanding of the issues at stake.

“When an aspect of something is being considered rather than the holistic view, you are likely to land into a problem and that is the issue with those opposed to the tax reforms bills.

“The problem they are having is the aspect of revenue sharing, which the bills seem to have tried to make commensurate with revenue generation. I think that is where the problem is. We in Nigeria like to enjoy benefits and reap where we didn’t show. All of us have been depending on oil for all these years. This oil is a depleting resource but it is coming from somewhere,” he stated.

APC faults critics

Lending its support to the bills, the APC called for the understanding of Nigerians, saying the bills were intended to stimulate the nation’s fiscal policy framework.

 The clarification was made by the National Secretary of the APC, Senator Ajibola Basiru, in an interview with The PUNCH.

Ajibola also warned the critics of the tax reforms to desist from painting President Tinubu as a dictator.

He said, “We are not in a dictatorship where the President will by fiat make a resolution. There is separation of powers. The executive has initiated the bill. So, it is for the National Assembly, which comprises representatives from all over the country, to determine whether the bill will pass or not.

 “It is not the prerogative of only the President. People must not see him as a dictator. So, if the bill eventually passes, it will be because it has passed the test of acceptability by the majority of the Nigerian people as represented in the National Assembly.

“Secondly, a bill is only passed after it has been subjected to public hearing. What has happened now is that the bills have passed a second reading. It will now go to the committee stage from where there will be a public hearing.”

In his intervention, former Vice President Atiku Abubakar called for transparency and fairness in the ongoing review of the bills.

In a statement issued on Sunday, the Peoples Democratic Party presidential candidate in the 2023 election expressed concern over the uneven development across Nigeria’s federating units, stressing the importance of a fiscal system that ensured justice and equity.

[Punch]

The Port Harcourt Refining Company, PHRC, and Petroleum Tanker Drivers, PTD, are at war over the overloading of products at the refinery.

While PHRC accused tanker drivers of being responsible for the low pace of loading of petroleum products at the facility, PTD, through its umbrella body, the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, dismissed the allegation, saying the company was being economical with the truth..

 
 

Meanwhile, Major Energy Marketers Association of Nigeria, MEMAN, Petroleum Products Retail Outlets owners Association of Nigeria, PETROAN and National President, Independent Petroleum Marketers Association of Nigeria, IPMAN, said they were ready to lift products and were working on it.

When Vanguard visited the Area 5 of the refinery, yesterday, about 3p.m., refining of petroleum products was ongoing.

A source in the facility said the refinery produces daily, adding that it has maintained its production status as disclosed earlier on Tuesday.

Also, at the loading bay of the refinery, three trucks were being loaded, while seven others were standing by within the bay to be loaded.

It was observed that of the 18 loading points in the facility, only three were in use.
It was further observed that only tankers with NNPC insignia were loading and seen within the premises of the refinery.

Although the facility was not bustling with life, activities were on going within the loading bay and the production area.

‘Loading hasn’t stopped since last Tuesday’

The Terminal Manager of Port Harcourt Refinery, Worlu Joel, disclosed that the Petroleum Products Marketing Company, PPMC, arm of the refinery was working and that loading of trucks has not stopped since Tuesday.

He noted that the facility has the capacity of loading 100 trucks in an hour, but that out of the 18 points, 11 were functional at the moment.

He said out of the 11, only three were being used because the facility was delivering optimally.

Joel said: “This is PPMC loading arm. We have 11 loading bays that are functional but because of the capacity, it has a huge capacity to deliver, so we are using three at the moment because it is efficient.

“Out of the three, each one has the capacity of loading three trucks in 15 minutes. A truck is 45,000 litres minimum. We have the ones of 60,000 litres. Already, we have loaded more than 10 trucks.

“So, before the close of work yesterday, just in the next one hour, we are going to evacuate minimum of 15 trucks.”

Joel said that there were enough products but that tankers drivers are not coming up to load, calling on tankers drivers to come on to load.

He said: “We have surplus products available. We have our loading arms operational and we have been begging them to come in since, yesterday but because today is weekend that is why they have not turned up.

“If you give us 100 trucks yesterday, we will evacuate it in less than five hours. So, it is not our problem if there are no loading trucks, it is the tanker drivers’ problem. We have been begging them since yesterday to come around and take the products but they didn’t turn up, it was just this morning (yesterday) after pleading with them that they came.”

NUPENG denies PHRC allegation

General Secretary of NUPENG, Mr. Afolabi Olawale, while reacting to the development, told Vanguard that the management of PHRC was lying.

“The management is economical with the truth. People should know how we operate. We (tanker drivers) cannot just drive into the refinery to load products. The marketers buy the products and contract the employers of tankers drivers, Nigeria Association of Road Transport Owners, NARTO.

“It is only when NARTO informs tanker drivers where there are products for loading that we can go in and load. We are ready at all times to load products when and where products are available,” he added.

All supply sources will be explored —MEMAN

Reacting on the readiness of Port Harcourt refinery to flood the market with petroleum products, yesterday, the Cheif Executive Officer, Mr. Clement Isong, said its members were ready to do business with the Port Harcourt refinery.

Isong, said: “All product supply sources will be explored.”

We’ve submitted application — PETROAN

On his part, the Chairman of Mr. Billy Gillis-Harry, said the association had submitted an application and was waiting for a response from the refinery.

He said: “PETROAN is ready to do business with all refineries. Already, we have submitted an application at the refinery portal. We are waiting for its response. We intend to do business with the refinery.”

We look forward to lifting from Port harcourt Refinery —IPMAN

National President, IPMAN, Alhaji Abubakar Shettima, expressed happiness at the reopening of the refinery, describing it as good news.

Alhaji Shettima said marketers could not say much about the reopening as they have not had any prior discussions with NNPC.

“We feel very happy and it is good news for everybody. We are happy with the new development. But we cannot say much. We will wait for NNPC to disclose the price it will sell its products and that will determine how marketers will react,” he stated.

Community happy as refinery resumes operation

Meanwhile, the Chief Security Officer of Alesa Eleme, Dibia Isaiah, expressed joy that the facility in their community has resumed full operation.

Isaiah said: “Everybody is seeing it live and direct that production is on. I suspect it was the enemy of this rehabilitation that is peddling the rumours.

“But you can witness what is going on here, I am one of the loaders from the host community; I have loaded four trucks this morning. Tomorrow, we will load more, there is no time we will not load.

“This is a very busy period us. I wonder why people are giving out fake information just to run down the management. It is not good. I want to urge Nigerians to disregard such rumours.”

[Vanguard]

Dapo Abiodun, governor of Ogun, says his administration prioritised the development of the western part of the state because it has been neglected for a long time.

Speaking at the Oronna Day Celebration in Yewa south LGA of the state, Abiodun said the Ogun west senatorial district has not been given the needed attention despite being the food basket of Ogun.

The governor said his administration has inaugurated at least one road project in the western part of the state.

 

“When I assumed office and for some reasons, most of my predecessors did not accord this zone the place and attention it deserved,” he said.

 

“Kabiyesi called me and said ‘before you, all that happened here is that they will do some groundbreaking but they never commissioned any project in this local government or in this zone’ and I told kabiyesi that the narrative will change.

“We will do ground breaking and we will also commission projects. I beat my chest and proudly say that we have done just that.

“The very important arteria road that connects the local government area to Ado/Odo-Ota Local Government Area and other five local government areas is the Ilaro -Owode road.

 

“We totally reconstructed it and the journey that took probably two and a half hours now takes a few minutes.”

On his part, Barau Jibrin, deputy senate president, commended the government’s efforts in developing the state.

The deputy senate president said Oronna Day could be used as a “developmental tool and a source of foreign exchange earnings”.

[TheCable]

offloads equity in Lafarge to Chinese firm

 

 

Holcim, a Swiss building materials company, has agreed to sell its Nigerian business to Huaxin Cement Ltd., a Chinese firm.

The deal, valued at $1 billion, would lead to the sale of Holcim’s 83 percent stake in Lafarge Africa, according to a statement on Sunday.

Lafarge Africa Plc is a member of the Holcim Group — a maker of roofing and other housing products, such as cement, aggregates for construction and ready-mix concrete. 

The company said the agreement has been signed, noting that the transaction is expected to close next year.

“Holcim has signed an agreement with Huaxin Cement Ltd to sell its entire 83.81% shareholding in Lafarge Africa Plc, at an equity value of $1 billion on a 100% basis,” the statement reads.

“The transaction is expected to close in 2025, subject to customary and regulatory approvals.”

Holcim, however, did not give reasons for its exit.

On May 24, Kimberly-Clark, makers of Huggies, said it plans to stop localmanufacturing and sales in Nigeria after 14 years of operation.

According to the firm, the decision was made owing to its recently refocused corporate priorities globally as well as economic trends in the country.

Pick n Pay, a South African grocery retailer, in October, also announced plans to exit Nigeria by selling its 51 percent stake in a joint venture.

Sean Summers, chief executive officer (CEO) of Pick n Pay, said the move was part of plans to restructure outside of its home market.

In 2023, three pharmaceutical companies exited Nigeria.

GlaxoSmithKline (GSK) Consumer Nigeria Plc ceased operations and transferred its business activities to a third-party organisation.

Sanofi-Aventis Nigeria Limited, a French pharmaceutical company, also halted its direct operations in the country in November 2023.

One month later, Procter & Gamble (P&G), an American multinational consumer goods company, disclosed plans to transition from local production to solely importing its products.

Governor Babagana Zulum has revealed that the northern Governors need more time for consultations on the tax reforms proposed by President Bola Tinubu.

The Borno State Governor explained that this is why they advised President Tinubu to withdraw the bills so they could consult further.

 

Governor Zulum made the disclosure on Sunday while speaking as a guest on Channels Television’s Sunday Politics, adding that contrary to insinuations in certain quarters, the Governors are not against the administration of President Tinubu.

 

According to him, the north gave Tinubu over sixty percent of votes during the 2023 elections which is a clear indication of their support for him.

He, however, maintained that he wouldn’t withdraw his earlier statement on the proposed tax reforms in which he maintained that the bill would only be beneficial to Lagos State and would make other regions, including the north, suffer.

“On this tax issue, there are a lot of misconceptions. We felt that the VAT provision in the tax law. Based on the calculations that we did, only Lagos and Rivers States will benefit from this scheme. We did our own research and concluded that we would lose.

On the narration in some places that he is working against the government of President Tinubu, Zulum affirmed his commitment to the President and the All Progressives Congress (APC), submitting that the northern governors are not against President Tinubu.

“I am a strong member of APC. If you can count two governors before 2019 and 2023 who were in support of Tinubu, you can mention Governor Zulum. I was the first governor to come out publicly and say that power must go to the South.

“Unfortunately, the President was told by many that the North was against him. 60.2 per cent of his votes came from the north,” he submitted.

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to direct a full disclosure of contractors and companies implicated in the disappearance of over N167 billion allocated for projects in 31 federal ministries, departments, and agencies (MDAs).

The funds were reportedly disbursed, but no projects were executed, according to the 2021 audited report by the Office of the Auditor-General of the Federation.

In an open letter dated November 30, 2024, signed by SERAP Deputy Director, Kolawole Oluwadare, the organization demanded that Tinubu instruct the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Accountant-General of the Federation, Oluwatoyin Madein, to publish the names of the contractors and shareholders involved.

SERAP is also urging the government to recover the funds and prosecute those responsible.

The letter highlighted a pattern of corruption documented in the Auditor-General’s report, revealing that contractors absconded with public funds allocated for projects in 31 MDAs.

The Nigerian Bulk Electricity Trading Plc (NBET) alone reportedly paid N100 billion to contractors for projects that remain unexecuted.

Other implicated agencies include the Nigerian Correctional Service, the National Pension Commission, the Hydrocarbon Pollution Remediation Project (HYPREP), and the Petroleum Technology Development Fund (PTDF), among others.

SERAP argued that this massive financial loss has exacerbated Nigeria’s development challenges, depriving citizens of essential services such as education, healthcare, and infrastructure.

“The names of the companies and contractors, along with their shareholders, must be published to ensure accountability and prevent a culture of impunity,” the letter read.

“Publishing these details will deter future corruption and demonstrate the government’s commitment to transparency,” the open letter added.

SERAP also called on the Attorney-General of the Federation, Lateef Fagbemi, SAN, to work with anti-corruption agencies to ensure that those responsible face justice.

The group emphasized that the funds must be recovered and returned to the national treasury for the benefit of citizens.

 

Failure to act, SERAP warned, would prompt legal action. “If no measures are taken within seven days, we will pursue all appropriate legal actions to compel the government to comply in the public interest,” the organization stated.

SERAP underscored the devastating impact of corruption on Nigeria’s development, noting that the diversion of funds has led to worsening inequality and inadequate public services.

“Corruption undermines economic progress, trapping millions of Nigerians in poverty and depriving them of opportunities,” the letter asserted.

 

The group also cited Nigeria’s obligations under the United Nations Convention Against Corruption (UNCAC) and the Freedom of Information Act, which mandate transparency and accountability in the use of public funds.

“Your government must show that it will not shield or tolerate wrongdoing by contractors or public officials,” SERAP urged.

The letter concluded by emphasizing that addressing these allegations is not just about financial recovery but restoring public trust in government institutions.

A chieftain of the All Progressives Congress (APC) in Osun State, Olatunbosun Oyintiloye, has lamented that the economic crisis in the country is becoming unbearable.

Speaking with newsmen on Sunday, he lamented that the cost of foodstuffs has increased significantly, making it difficult for the masses to afford good meals.

He called on the government to come together and rescue the masses by providing solutions to the challenges in the country.

 

The rise in food prices is mostly caused by insecurity, high cost of transportation of the products, climate change, and the instability of the exchange rate of naira,” he said.

Speaking further, he added that the astronomical rise in the food prices had battered the purchasing power of citizens, leading to uncertainty, an increase in poverty, and a high cost of living.

He said that with food as a primary resource for human survival, the government at every level should undertake tangible programmes to defeat hunger in the land.

According to him, “A recent survey conducted by the National Bureau of Statistics (NBS) also confirmed that food prices have risen by over 100 per cent”.

Oyintiloye said the 2023/24 General Household Survey-Panel, commonly called (GHS-Panel), launched on November 25, 2024, in Abuja, revealed that “65.8 per cent of the households were unable to eat healthy, nutritious, or preferred foods because of low income”.

The APC chieftain said that while the President Bola Tinubu-led administration is doing everything possible to bring down the food prices, many Nigerians are still struggling to eat three square meals.

Oyintiloye said that despite the food waiver policy being implemented by the Federal Government and the Central Bank’s intervention to curb inflation through the monetary policy, the prices of foodstuff is still on a very high side

The exchange rate fluctuations further exacerbate this issue, particularly affecting the prices of imported food items.

 

“The situation on the prices of food is becoming worrisome and extremely unbearable for the masses.

“Many households can no longer afford nutrition meals, while many are begging for survival. This is pathetic and no longer bearable for the masses.

“I urge governors and the Federal Government to intensify efforts to stop further increase in the cost of food items. The situation may worsen if factors leading to the increase are left unattended to,” he added.

The Igbo socio-cultural organization, Ohanaeze Ndigbo, has declared total support for the proposed tax reforms by President Bola Tinubu, adding that the proposals are in the interest of the Igbo nation.

The group, in a statement on Sunday by its Secretary General, Okechukwu Isiguzoro, said they declared support for the proposed tax reforms after a deep study of the contents and consultations with stakeholders.

 

According to Ohanaeze Ndigbo, the reforms will rejuvenate the Small and Medium Enterprises (SMEs), enhance the fortunes of Nigerian workers, and eliminate the scourge of double taxation.

 

The group also expressed concerns about the antagonism against the proposed reforms, alleging specifically that the Northern region is jittery of losing illicit gains if the bill is approved by the National Assembly.

“In an emphatic affirmation of progress and economic empowerment, Ohanaeze Ndigbo, the Igbo apex socio-cultural organization representing the Igbo nation, hereby announces its steadfast endorsement of President Bola Ahmed Tinubu’s proposed Tax Reforms Bills.

“This endorsement comes after rigorous reviews, exhaustive consultations with an array of stakeholders, and an in-depth analysis of the bills’ implications for the Nigerian economic landscape.

“Our comprehensive evaluation has led us to the resolute conclusion that these tax reforms are not merely legislative proposals; they represent a transformative opportunity for the rejuvenation of Small Medium Enterprises (SMEs) and the enhancement of the fortunes of Nigerian workers.

“By eliminating the scourge of double taxation imposed by unscrupulous state governors, these reforms will pave the way for an equitable business climate that significantly elevates both local and foreign investment potential.

“The Igbo people, renowned for our entrepreneurial spirit and unwavering commitment to economic self-determination, stand to gain immensely from these reforms. The proposed measures are expected to safeguard the private sector, particularly benefiting the industrious Igbos who play a pivotal role in driving the Nigerian economy through vibrant SME activities.

 

“In an environment characterized by fairness and transparent regulations, we are confident that the majority of the benefits arising from these tax reforms will bolster our( Igbo) endeavors, facilitating growth and fostering robust business opportunities,” the group submitted.

Ohanaeze, therefore appealed to all southern federal lawmakers in the National Assembly to work together towards ensuring the tax reform bills are approved by the legislators.

The group added that the decision to support the tax reforms aligns with an earlier decision to ignore the planned protests against the policies of the Tinubu government.

“In light of these compelling advantages, Ohanaeze Ndigbo ardently calls upon all Southern Federal Lawmakers(Senators & House of Reps Members)—both in the Senate and the House of Representatives—to unify their efforts in support of President Tinubu’s transformative restructuring program within Nigeria’s economic and fiscal sectors.

“It is imperative that our Southern Senators and House Of Representatives members close ranks, transcending partisan divides, to ensure that the Tax Reforms Bills navigate both chambers of the National Assembly successfully.

“We wish to reiterate our unwavering commitment to show solidarity with President Tinubu, as we expect that the Southeast Federal Lawmakers will provide essential backing to these initiatives.

“This collective support is particularly noteworthy as it underscores our strategic alignment with the President following our decision to abstain from nationwide protests in August 2024, a decision made in the spirit of dialogue and cooperation,” it stated.

 

On the opposition from some leaders in the northern region against the proposed tax reforms, Ohanaeze submitted that the northerners are only trying to frustrate the bill because the status quo favours their selfish interest at the expense of national growth.

It urged all stakeholders to support the proposals as it promises sustainable economic growth towards a prosperous Nigeria.

“Nonetheless, it is disheartening to observe the substantial opposition that has emerged from certain quarters within Northern Nigeria regarding these critical reforms.

“There is palpable concern that Northern governors are mobilizing their forces to stifle the progression of the Tax Reforms Bills within the National Assembly, relying on their numerical predominance to assert undue influence.

“This orchestrated opposition appears driven by a desire to perpetuate the current VAT derivation principles that unjustly favor select interests at the expense of equitable national growth.

“The implications of such maneuvers are profound. If the Northern political elites succeed in thwarting President Tinubu’s initiatives, it could set a dangerous precedent, fostering a climate of resistance against meaningful reform. This scenario poses a tangible threat not only to the President’s agenda but also to the broader economic aspirations of millions of Nigerians who yearn for a reformed and equitable system.

“Moreover, it cannot be overlooked that a successful passage of the Tax Reforms Bills could have far-reaching consequences for President Tinubu’s administration, potentially inciting a politically motivated backlash in the 2027 electoral landscape. It is essential that we, as a nation, confront these challenges decisively, fostering a collaborative spirit to advance our collective interests rather than allowing parochial motivations to derail our progress.

 

“In conclusion, Ohanaeze Ndigbo urges all stakeholders, including lawmakers, business actors, and citizens, to unite in support of these pivotal Tax Reforms Bills.

“The promise of a prosperous and just Nigeria is within our reach, but it demands our collective resolve to advocate for transparency, equity, and sustainable economic growth.

“Together, let us champion an agenda that uplifts all Nigerians and ensures that our legislative processes reflect the aspirations of a nation committed to progress and integrity,” the statement concluded.

A Nigerian food vendor, Azeez Olayide, has said he and his business partner left their jobs to start selling jollof rice in the United Kingdom.

Olayide disclosed this during a recent interview on the programme My Tasty Naija.

He said the business name, ‘2 Nigerian Boys’ began in February 2019 at London Financial District, Spitalfield market.

According to the businessman, the adventure started when he and his friend wanted to satisfy their appetite with ‘smoky’ jollof rice but did not get it.

 

“The story was just about two Nigerian friends who loved Nigerian foods so much,” Olayide said. “One of them just said, ‘Let’s go to the city and bring jollof rice.’”

The two men were dumbfounded on the first day they started the business as they sold all that they had in 30 minutes, giving them the confidence that the business would thrive.

“Both of us were amazed and looked at each other in the face and said,  ‘We need to quit our jobs and start selling Nigerian foods.’”

He stressed that the success of the business was based on its acceptance by the customers who loved the food.

“Ninety per cent of our customers are non-Africans, while the remaining 10 per cent are Nigerians. They love the beef when they eat it,” Olayide said.

“It is a lunchtime business. We open business between 12pm and 2pm. It gets crazy here with lunchtime.”

Another peculiarity of the business is that the food is cooked on-site to announce itself to passers-by and people.

Meanwhile, he disclosed that a branch of the business has been opened in Briston after feedback from customers in London.

Olayide, however, declined to reveal his business partner, whom he called ‘a magician’ and was the brain behind the cooking of the jollof rice.

“You can’t see the person performing the magic. The second Nigerian boy is a magician who makes the Nigerian Boys come together for a business,” he added.

President Bola Tinubu has stated that despite the hardship brought on by the removal of the oil subsidy, there is still light at the end of the tunnel.

He insisted that the removal of the oil subsidy was not to torment Nigerians but to save the country from collapse.

 

Tinubu stated this in his address at the 34th and 35th combined convocation ceremonies of the Federal University of Technology Akure Ondo State on Saturday.

 

Represented by the Vice Chancellor of the University of Ilorin, Prof Wahab Egbewole, the president said he took over power when the economy was nose-diving.

He said, “As you are all aware, we took the baton of authority at a time when our economy was nose-diving as a result of heavy debts from fuel and dollar subsidies. The subsidies were meant to support the poor and make life better for all Nigerians.

“We are all aware of the fact that the poor and average Nigerians were the sufferers of what was supposed to give them succour and improved standard of living. Unfortunately, the good life we thought we were living was a fake one that was capable of leading the country to a total collapse unless drastic efforts were urgently taken.

“The need to salvage the future of our children and bring the country back from the brink of collapse necessitated the strategic decisions to remove the fuel subsidy and also unify the exchange rates. I am not unaware of the consequences of the tough decisions on our people.”

Stressing that the policy has been fruitful, Tinubu stated, “The macro-economy of our dear country is improving by the day and beyond expectations. The micro-economy, which directly affects our citizens, is also taking shape gradually with positive results. We are now graduating from consumption to production economy in every facet of our human endeavours. By the grace of the Almighty God, every household will experience a better life and have brighter hope for the future.

“The present challenges call for a high degree of patriotism and I can assure all Nigerians that there is light at the end of the tunnel. After rain comes sunshine. The brighter days are almost here. The Renewed Hope Agenda is on track, and we shall not deviate on the path of better and greater Nigeria.