In the labyrinth of Nigerian politics, where loyalty is often sacrificed at the altar of ambition, the story of Donatus Matthew, a former Okada rider turned federal lawmaker, serves as a glaring illustration of opportunism. Matthew’s remarkable ascent to the House of Representatives as a representative of Kaura Federal Constituency in Southern Kaduna under the Labour Party (LP) banner was a beacon of hope, a testimony to the power of grassroots support. However, his recent defection to the ruling All Progressives Congress (APC) reveals the darker side of Nigerian politics: the propensity to betray the very platform and people who propelled one to power.  

Matthew’s journey from being an Okada rider to a federal lawmaker captured the imagination of many Nigerians. His victory over Gideon Gwani, a four-term incumbent and Minority Chief Whip of the House of Representatives under the People’s Democratic Party (PDP), was nothing short of revolutionary. It symbolized a shift in the political dynamics of Kaura Federal Constituency, fueled by the “Obidient wave” led by Peter Obi’s Labour Party.  

His story resonated deeply with Nigerians disillusioned by the political status quo. Matthew embodied the aspirations of ordinary citizens seeking representation by leaders who understood their struggles. His victory was celebrated far and wide, with activists like Stephen Kefason hailing it as a victory for the people of Southern Kaduna.  

Yet, less than two years into his tenure, Matthew has dealt a heavy blow to his supporters by defecting to the APC. This defection, coming from a man whose rise was rooted in the grassroots mobilization and ideological fervor of the Labour Party, is nothing short of a betrayal. It is a painful reminder of the opportunistic tendencies that plague Nigerian politics.  

Activist Stephen Kefason, one of Matthew’s early supporters, expressed his disappointment in a scathing post on X (formerly Twitter). Kefason did not mince words, describing Matthew as “opportunistic” and accusing him of capitalizing on Peter Obi’s popularity to secure his position, only to abandon the movement once his political ambitions were achieved.  

Matthew’s defection is not an isolated incident. It is symptomatic of a broader culture of political nomadism in Nigeria, where politicians shift allegiances for personal gain rather than ideological convictions. This behavior erodes the foundation of democracy, which thrives on accountability and trust between leaders and the electorate.  

In Matthew’s case, the timing and nature of his defection suggest that it was motivated by political convenience rather than any principled disagreement with the Labour Party’s ideology. The APC, as the ruling party, offers access to resources, patronage, and political cover, temptations that many politicians find irresistible.  

However, this culture of defection has far-reaching consequences. It diminishes public trust in politicians and undermines the credibility of political parties. When leaders like Matthew abandon the platforms that brought them to prominence, they send a message that political promises and commitments are expendable.  

Matthew’s actions raise serious questions about his character and priorities. His victory was not merely a personal achievement but a mandate entrusted to him by voters who believed in the ideals of the Labour Party and the broader “Obidient movement.” By defecting to the APC, Matthew has disregarded the trust of his constituents and aligned himself with a party that many of his supporters view as emblematic of the problems they sought to change.  

Critics have also pointed to Matthew’s underwhelming performance as a lawmaker. Since joining the National Assembly, he has reportedly not sponsored any bills or motions. This lack of legislative activity further fuels the perception that his defection is less about serving his constituents and more about securing his political future.  

Matthew’s defection underscores a troubling reality in Nigerian politics: the absence of ideological commitment among many politicians. Parties are treated as mere vehicles for achieving power, with little regard for their principles or the electorate’s aspirations. This trend undermines the development of strong political institutions and perpetuates a cycle of instability and disillusionment.  

For voters, such betrayals deepen cynicism and apathy, making it harder to mobilize grassroots support for future movements. Why invest time, energy, and hope in a leader who might abandon their mandate at the first opportunity?  

At its core, Matthew’s defection is a betrayal of trust. The Labour Party and the “Obidient wave” represented more than just a political movement; they symbolized a collective desire for change, for a new kind of politics that prioritized the needs of the people over personal ambition. By abandoning the Labour Party, Matthew has not only bitten the hand that fed him but also trampled on the hopes of those who believed in him.  

Matthew’s defection should serve as a wake-up call for political parties, voters, and institutions. Against the foregoing backdrop, it is expedient to opine that a few steps that can help mitigate the damage caused by such betrayals cut across strengthening party discipline, instilling voter accountability, instilling civic education, and reforming the political system. 

The put the foregoing steps in details, it is expedient to opine that political parties must establish mechanisms to discourage defections, such as requiring defectors to relinquish their seats. This would ensure that mandates remain tied to the parties that earned them.  

In a similar vein, constituents must hold their representatives accountable, demanding transparency and engagement throughout their tenure. Defections that betray the electorate’s trust should be met with public condemnation and political consequences.  

Also in a similar vein, there is the need for the education of voters about the importance of ideological consistency and the role of political parties in governance can help create a more informed electorate.  

Added to the above steps is that Nigeria’s political system must be restructured to prioritize service delivery over personal gain. This includes addressing the excessive perks and privileges that make political office so attractive.  

In fact, Donatus Matthew’s defection from the Labour Party to the APC is more than a personal decision; it is a reflection of the broader challenges facing Nigeria’s political landscape. By biting the hand that fed him, Matthew has not only betrayed his party and supporters but also highlighted the urgent need for reform in how politics is practiced in the country.  

For the electorate, Matthew’s actions serve as a stark reminder to scrutinize leaders not just for their promises but also for their commitment to principles. Trust is the currency of democracy, and when it is squandered, the cost is borne by all.  

As Nigeria grapples with its political challenges, one thing is clear: the path to a better future requires leaders who are not just opportunists but true representatives of the people. Donatus Matthew’s story is a cautionary tale, a lesson in the dangers of placing hope in leaders who prioritize ambition over service.  

Afe Babalola, at 95 years old, your name carries immense weight in Nigeria. You are a Senior Advocate of Nigeria (SAN), a legal titan, and a celebrated builder of institutions. You have lived a life many could only dream of—a career that began in the 1960s, when you returned from London armed with degrees and a calling to shape Nigeria’s legal landscape. Your influence spans decades, reaching your birthplace, Ado Ekiti, where you are not just a son but a kingmaker. But now, at the twilight of your life, you have allowed anger, ego, and a thirst for vengeance to taint the legacy you spent a lifetime building. Good God, Afe Babalola—at 95, what are you doing?

Farotimi and the Unchecked Wrath of Your Ego

Dele Farotimi, a human rights lawyer and fearless critic, dared to write something that bruised your pride. In his book, Nigeria and Its Criminal Justice System, he accused you of influencing the judiciary—words that clearly struck a nerve. Yes, defamation can sting; it challenges how others perceive you. But Babalola, was this how you chose to respond? By unleashing AK-47-wielding police officers to storm his legal office, abduct him like a fugitive, drag him across state lines to Ekiti—your birthplace and sphere of influence—and lock him in prison?

This wasn’t a pursuit of justice; this was rage, unchecked and weaponized. At 95, instead of offering a dignified rebuttal or seeking redress through lawful civil processes, you turned to brute force and intimidation. Babalola, are you proud of this road you’ve taken—a road paved not with law and reason, but with power and vengeance? Does this bring you peace, or does it simply reveal the fragility of a legacy built on influence but now shaken by a single book?

This is not the justice you spent decades advocating for. This is not the Afe Babalola who established institutions to educate the next generation. This is not the legacy of a man who became a beacon of excellence in the legal profession. This is something else entirely—an act of revenge, a misuse of influence, and a display of unchecked power. At 95, is this the story you want to be told about you? That you used the police, the judiciary, and your immense sway in Ekiti to crush a man who dared to say something that offended you?

Your Place of Birth and Influence: A Stage for Intimidation

Ekiti State, your birthplace, carries a legacy intertwined with your name. Ado Ekiti is more than a town; it is the foundation of your life’s story, a place shaped by your influence. Yet, like so many parts of Nigeria, it is not immune to whispers of judicial compromise—where magistrates often face undue pressure, judges tread carefully under the shadow of reprisal, and the decisions rendered sometimes reflect the weight of power more than the rule of law. It is within this complex and fragile system that Dele Farotimi now finds himself, facing circumstances that call into question the very principles of justice and fairness.

Farotimi was hauled into an Ekiti magistrate court and denied bail in a state where your word carries the force of law. A man locked in a cell not because he committed a heinous crime, but because he wrote words that angered you. Good God, Babalola, think about the pain you are inflicting on this man—not just the physical pain of imprisonment, but the mental torment of being victimized by a system you so thoroughly dominate. Is this what you want for your birthplace? For Ekiti to be remembered not as the home of a great legal mind but as a place where the powerful crush dissent?

What Will You Tell the Next Generation?

You are a teacher, a builder, and a mentor to countless lawyers. What will you tell them about this chapter of your life? That you used your immense legal knowledge to teach the importance of justice, or that you used your influence to exact revenge? What do you want young lawyers to learn from this? That defamation, an emotional wound, justifies weaponizing the police and judiciary? That the power you’ve built over a lifetime is best spent silencing critics rather than uplifting the law?

At 95, you are closer to meeting your Creator than most of us. When that time comes, what will you say to Him? That you allowed your anger to overshadow your achievements? That you used the police not as enforcers of justice but as tools of intimidation? That you let ego, not wisdom, guide your final years?

Farotimi’s Pain: What Have You Done?

Dele Farotimi’s arrest has not silenced him. It has amplified his voice. The pain you have inflicted on this man—dragging him from his legal office, imprisoning him in Ekiti, forcing him to endure a system that you know is broken—has not made you stronger. It has exposed the very abuses he speaks of. Farotimi has long said that the powerful in Nigeria use the police and judiciary to serve their interests, and here you are, proving him right.

What satisfaction have you gained from this? A fleeting sense of power? A temporary quelling of your wounded ego? Or are you simply consumed by anger, unable to see the damage you are doing—not to Farotimi, but to yourself, your legacy, and the place you call home?

A Judiciary Under Pressure, a Police Force Without Direction

Babalola, you know the judiciary in Nigeria is compromised. You’ve seen it all—the bribes, the pressures, the rulings dictated by influence. Judges in Ekiti, like in most parts of Nigeria, often act under duress, fearing the repercussions of defying powerful figures like you. You know this, and yet you allowed Farotimi to be locked up in this system. What does this achieve? What is the point of having a magistrate remand him when the system itself is so riddled with flaws? Is this the justice you want to be remembered for?

And the police—those who stormed Farotimi’s office with rifles, as though they were capturing a dangerous criminal—what message does this send to the world? That in Nigeria, a man can be treated like a fugitive for words he wrote in a book? That the police exist not to protect citizens but to serve the anger of the elite? Babalola, this is the system you have chosen to align yourself with. This is the system you now represent.

Afe Babalola’s Painful Choices—Will the Nightmares Ever End?

Here you are, going to sleep tonight with Dele Farotimi locked up in prison, awaiting his next hearing on December 10, as ordered by Magistrate Abayomi Adeosun. For defamation—a matter long recognized as civil—and with the police attempting to justify their actions under the pretext of cybercrime, this charade is nothing short of tragic. Cybercrime, a convenient catch-all accusation in Nigeria’s legal landscape, was introduced here as a desperate attempt to add weight to a case that should never have escalated beyond civil litigation.

How do you reconcile this with your legacy, built over decades of legal excellence? Will the nights ahead be haunted by dreams of him, locked behind bars because of your wounded ego—a 95-year-old man with a name revered across Nigeria, now risking it all in an act of power-driven vengeance?

What justice is there in using your influence to imprison a man for words? Your legacy deserved better, but now it will carry the weight of this moment—a moment where wisdom gave way to anger, and power overshadowed fairness. Will these decisions let you sleep in peace, or will they leave you questioning the choices that have brought you here?

Afe Babalola: Fighting Words with Guns—Is This the Legacy You Want?

No matter the AK-47s or the heavy-handed tactics, at the core of this spectacle lies a wounded ego, Babalola. Farotimi’s 2024 book, Nigeria and Its Criminal Justice System, questioned your legacy with allegations that you influenced Supreme Court judgments for your clients, casting shadows over the judiciary’s integrity. Instead of meeting these words with truth, debate, or the dignity expected of a man of your stature, you chose a path of force—arming the police to silence a critic. Babalola, do you truly believe this brutal display of power will restore your name, or does it reveal a deeper fear of the very words that challenge your legacy? At 95, is this what your decades of excellence have come to—a battle against words with guns?

Turning Farotimi’s Book Into a Symbol of Resistance

Oh Babalola, in your fit of emotional outrage and abuse of power, you have achieved the very opposite of what you intended. By targeting Dele Farotimi, a human rights lawyer, you have turned him into a symbol of defiance against oppression. His book, Nigeria and Its Criminal Justice System, once an underappreciated critique of systemic corruption, is now a sensation. Thousands are Googling it, publishers are overwhelmed with orders, and now, more than ever, they will know the rot you sought to bury.

The words you tried to silence are echoing louder than ever, exposing the very system you are a part of. Afe, your actions have amplified his truth, and this is what you get—turning a critic into a hero and your legacy into a cautionary tale of ego and misused power.

What Will You Tell God?

At 95, you have seen more of life than most. You have achieved what many can only dream of. But in these final years, what will you tell God when you meet Him? That you used your influence to lock up a man who challenged you? That your anger over words in a book drove you to misuse the very institutions you once upheld? That the power you spent a lifetime building was ultimately spent silencing dissent? Babalola, is this how you want to go out of this life?

A Civil Matter Turned Cruel—Why Has Justice Been Forsaken?

Babalola, this is the painful ending you have chosen for yourself at 95. A legacy built on decades of legal excellence and national respect now overshadowed by an act of vengeance. Dele Farotimi, a human rights lawyer, sits locked in a Nigerian prison—a place of overcrowded cells, no sanitation, and unimaginable suffering—all for words he wrote in a book. Words.

Defamation, firmly rooted in civil law, should never have spiraled into this grim spectacle. Criminal defamation, long abolished in Lagos and dismissed by modern legal standards, has no place here. And even if it did, the principles of bail and humane treatment demand fairness. Yet here we are, with a man stripped of his freedom, dragged from Lagos to Ekiti, and left to endure conditions that break the human spirit.

This was never about justice. It’s about a chilling message—not just to Farotimi but to anyone who dares to speak truth to power. Why, in a matter so clearly civil, must the punishment be so brutal and disproportionate? Even if the system could somehow justify these charges, why take a route so steeped in cruelty and ego-driven vengeance? Why allow your towering legacy to be tarnished by actions that defy compassion, fairness, and wisdom?

A Legacy at Risk: Your Final Chapter Is Being Written

Babalola, your legacy, built over decades, is being rewritten—not by your achievements but by this act of anger. It is no longer about the institutions you built or the respect you earned. It is about this moment, a moment where your choices have overshadowed everything else. Farotimi’s imprisonment is not just a story about him; it is a story about you, your choices, and the path you have taken in the twilight of your life.

At 95, you stand at a crossroads. Will this be the final chapter history remembers—a man who let ego and wounded pride define his legacy? Or will you step back, release Farotimi, and allow wisdom to guide your final years?

The world is watching, and history will not forget. Good God, Babalola—at 95, is this really how it ends?

Civil Society Organisations (CSOs) in Nigeria have criticised the federal government for labelling some citizens’ opposition to the four tax reform bills as ignorance.

The director general of the National Orientation Agency (NOA), Lanre Onilu, said that various quarters in the country are resisting the tax bill because they lack proper awareness regarding the benefits of the proposed tax reforms.

Speaking on Wednesday at the Federal Secretariat, Bauchi, during a press briefing with journalists on the potential benefits of the tax reform bills submitted by the presidency to the National Assembly for consideration, Mr Onilu insisted that the reforms offer many advantages, particularly for the poor. He added that those opposing them are political figures who stand to pay more taxes under the new regime.

The NOA Director General, represented by the National Director of Planning, Research, and Strategy, Nuru Kobi, said the agency is committed to promoting awareness of ethical values and national development.

He added that, in addition to tax reform, the agency is initiating sensitisation campaigns in other areas, including HIV prevention, security awareness, human rights, and discouraging “get-rich-quick” schemes.

Mr Onilu argued that critical stakeholders, including the media, must be involved in shaping positive public perspectives on these key issues. He revealed that the tax reform bill would soon be made available in local languages to enhance understanding.

For her part, Bauchi State director of the agency, Mrs Theresa Omaga, stated that officials intend to lead efforts in every community within Bauchi State’s 20 local government areas.

According to her, amplifying these efforts to ensure the message resonates with every Nigerian is paramount.

However, civil society organisations have criticised the government for chiding citizens on an issue the government has failed to provide adequate public education.

The CSOs that spoke to LEADERSHIP include the Transition Monitoring Group (TMG), Transparency International (TI), and the Civil Society Legislative Advocacy Centre (CISLAC).

“It is not wise to attack Nigerians. The government should engage in sensitisation. If the bills benefit Nigerians, they will accept them with adequate sensitisation. Bullying will not solve the problem. If the bills benefit Nigerians, the government should sensitise the people and dialogue with them,” the CSOs said while urging members of the National Assembly to be patriotic.

LEADERSHIP reports that the CSOs have advocated for fiscal policy reforms that address Nigeria’s socio-economic challenges while promoting transparency and inclusiveness. They described the Nigeria Tax Bill 2024 as a landmark legislative initiative that could transform the country’s fiscal framework by consolidating legal provisions, enhancing tax administration, and promoting economic transparency.

“However, we strongly urge the National Assembly and the Executive to critically examine and address key gaps in the bill to ensure its implementation fosters inclusivity, economic equity, and sustainable governance,” the CSOs said.

CISLAC executive director, Auwal Musa Rafsanjani, highlighted several critical concerns within the bill.

He said: “The proposed derivation model for VAT revenue distribution risks deepening economic disparities among states. Addressing such systemic inequities requires a constitutional review. To mitigate these challenges, we advocate establishing an Equalisation Fund to support less-developed states in building their human capital and institutional capacity until 2030. Additionally, VAT must be collected at the point of sale rather than remitted to corporate headquarters to enhance transparency and prevent regional disparities in revenue allocation.

“The proposed increase in VAT rates, which are set to double by 2030, raises significant concerns about its impact on inflation and poverty. We recommend maintaining the current VAT rate of 7.5% until the economy stabilises, coupled with measures to shield vulnerable populations from price shocks. It is also imperative that the list of VAT exemptions be expanded to include essential items such as cooking energy (LPG and kerosene) and electricity for consumer use, to mitigate the regressive effects of taxation on low-income households.”

“To ensure tax incentives are administered equitably, we emphasise the need for transparency in their implementation. Strengthening the enabling laws of the Nigerian Investment Promotion Commission (NIPC) is critical to preventing misuse and ensuring inclusivity. Furthermore, the bill’s provisions for an effective tax rate on multinationals and high-turnover companies must be backed by clear and enforceable guidelines. Strengthening compliance mechanisms will ensure that large corporations and multinational enterprises contribute their fair share to national revenue.”

“Revenue from the Development Levy must be transparently utilised to enhance education and institutional capacity in underserved regions, supporting long-term human capital development,” Rafsanjani stressed.

The CSOs underscored that fiscal policies should bridge socio-economic divides while fostering trust between the government and citizens.

He further urged the National Assembly to engage with stakeholders, including civil society organisations, to ensure the bill reflects the aspirations and needs of all Nigerians.

 Senate Suspends Legislation

Meanwhile, the Senate has directed its Committee on Finance to halt further deliberations on the proposed tax bill until the outcome of a high-level meeting with the Attorney General of the Federation (AGF).

The announcement was made on Wednesday during the plenary session presided over by Deputy Senate President Barau Jibrin, who revealed that a special committee had been formed to address the bill’s contentious provisions.

The meeting with the AGF to resolve the issues is scheduled for today, Thursday, December 5.

This decision follows intense discussions among lawmakers to resolve disagreements on key aspects of the proposed legislation. The contentious provisions have sparked debates among stakeholders over the past few days.

The Senate leadership also announced plans for a special meeting at the National Assembly, to be chaired by the Minority Leader.

The session aims to provide a platform for lawmakers to harmonise their positions and ensure that the bill aligns with national priorities while addressing concerns raised by stakeholders.

The special committee tasked with resolving the issues has the following members: Senators Abba Moro (chairman), Tahir Monguno, Adamu Aliero, Orji Uzor Kalu, Seriake Dickson, Titus Zam, Yahaya Abdullahi, Solomon Adeola, Sani Musa, and Mukhail Abiru.

The committee and Senate leadership are expected to lead efforts to ensure a balanced and inclusive approach to the proposed tax legislation.

[Leadership]

For northern politicians, accusations of acting against “northern interest” can be politically perilous. This is the charge the Deputy President of the Senate, Senator Barau Jibrin, has been battling since the controversy over the tax reform bills caused an uproar in the Senate.

Last Tuesday, Senator Barau, presiding over the Senate plenary in the absence of Senate President Godswill Akpabio, faced one of the most challenging moments of his political career. He clashed with Senator Ali Ndume (APC, Borno) during debates on the bills and permitted the presidential committee on tax reform to address the senators—a decision that has since sparked a storm of criticism.

The backlash, particularly on social media, has been intense. Critics accused the Kano North senator of betraying northern interests by allegedly supporting the controversial bills. He was also the focus of Friday sermons in some mosques, with a cleric in a widely shared video calling for divine judgement against him and other supporters of the bills.

A satirical video by social media influencer Dan Bello further inflamed tensions, portraying Barau as complicit in advancing policies that would impoverish northern citizens. Originally posted on TikTok, the video amassed over 100,000 likes, 2,000 comments, and 10,000 shares. It also gained traction on X (formerly Twitter) and WhatsApp, where users widely shared it to accuse Barau of supporting the bills to curry favour with the presidency.

While some analysts argued that Barau may be a victim of circumstance, others added that the widespread distrust of the Nigerian government and his party, the All Progressives Congress (APC), has made him an easy target. Many critics contended that Barau should have found a way of excusing himself from presiding over the plenary last Tuesday or should have opposed the bills outright, including denying the presidential committee a platform to address lawmakers. Others, however, argued that as the presiding officer, Barau’s duty was to the Senate’s procedures, not regional sentiments.

Speculation about Barau’s political ambitions has also fuelled the controversy. Though he has not declared an intention to run for Kano State governor in 2027, some observers believe the incident has been politicised by rivals within the APC and the New Nigeria People’s Party (NNPP). These opponents are alleged to have amplified the narrative that Barau supports the bills, branding him as working against northern interests.

An X user, @Mk__maitama, highlighted this political dimension, accusing members of the NNPP’s Kwankwasiyya Movement—who have been among Barau’s harshest critics—of hypocrisy. He noted their silence when Hon. Abdulmumin Jibrin Kofa (NNPP, Kiru/Bebeji) openly championed the tax reform bills and granted interviews supporting them.

Some commentators also linked the relocation of Barau’s son’s wedding fatiha to Maryam Nasir Ado Bayero from Kano to Abuja to the public outrage.

However, the family of Alhaji Nasir Ado Bayero dismissed these claims, explaining that the change was to accommodate dignitaries from across Nigeria and abroad. In a statement, Alhaji Aminu Babba Dan Agundi, chairman of the organising committee, clarified that the relocation was a decision by the bride’s family and unrelated to the controversy.

Amid the uproar, prominent lawyer and social commentator, Bulama Bukarti, called for a fair assessment of Barau’s actions. “We need to be fair to him. Honestly, he hasn’t stated his position on this bill, whether in favour of or against it. People should calm down; the second reading is not the end of a law,” Bukarti said.

Barau also defended himself in an interview with the BBC Hausa, stating, “Nobody will come and do something that will cheat his people; nobody will do that.” 

He explained that he allowed the presidential committee to address the Senate because further clarification on the bills was deemed necessary, as had been done in the House of Representatives.

“They [the committee] were invited, but some senators claimed they weren’t informed despite announcements on our platform. Nevertheless, the law allows us to proceed,” Barau said. 

Addressing the social media backlash, he remarked, “Some people are already on standby to insult and defame others. They do this without understanding proper procedures. We politicise everything.”

In a show of support, a coalition of youth groups from northern states held a solidarity rally at the National Assembly on Tuesday, hailing Barau as the “Sardauna of our era.” A former president of the National Association of Nigerian Students (NANS), Comrade Tijjani Kabiru Mohammed, reiterated that Barau had neither endorsed nor opposed the tax reform bills but instead advocated for public sensitisation.

Observers believed the rally demonstrated that while some clerics and youths have criticised Barau, others stand firmly with him. They also opined that the protest underscored the political undertones of the development.

They suggested that this support might explain why Barau presided over Wednesday’s plenary, where the Senate announced the decision to step down legislative action on the bills.

[DailyTrust]

Indian Prime Minister, Shri Narendra Modi‘s state visit to Nigeria from 17-18 November 17 – 18 to “strengthen the current India-Nigeria Strategic Partnership” was but a renewal of over six decades of bilateral relationship between India and Nigeria dating back to 1958 – two years before Nigeria secured her independence from Britain. While the two leaders spoke of the immense potential for collaboration in the fields of trade, investment, education, energy, health, culture, Prime Minister Modi also offered India’s experience in agriculture, transportation, affordable medicine, renewable energy, and digital transformation to Nigeria.

Nigeria has always benefitted from her close relationship with India. For instance, besides the support of India teachers and doctors which Nigeria enjoyed immediately after independence, it is on record that it was India that established the National Defence Academy in Kaduna and the Naval War College, Port Harcourt. Today there are about 60,000-strong Indian expatriate community in Nigeria and over 200 Indian companies with investment portfolio of over $27 billion.

As post-colonial nation-states created by Britain to satisfy her greed for continued exploitation of resources of conquered and colonized territories, India and Nigeria share some parallels. Both are heterogeneous and multicultural societies where groups at different levels of cultural development were forcibly merged together without consultation. While Nigeria with a population of over 200m has about 350 ethnic groups, India with a population of about 1.4 billion has over 2000 ethnic groups. Sowing the seeds of future instability by Britain was not by accident. British officials, after all, had earlier boasted that it was their presence alone that had prevented the newly created states of Africa and Asia ‘from disastrous descent into turmoil of warring sects’. Institutionalising a federal arrangement for strange bed-fellows as a strategy for exploiting ethnic consciousness of federating ethnic nationalities was not out of place.

 India is ethnically diverse with significant diversity within regions; almost every state and several districts have its own distinct mixture of ethnicities, traditions, and culture. But India, unlike Nigeria has been able to manage her diversity because India’s political elite saw their pluralism as strength and accepted the challenge of living together. They saw nothing wrong with tribes and made conscious effort to create states on basis of languages spoken by citizens such as Maharashtra, Punjab and West Bengal.

The federal system of India provides equality to all the citizens as well as freedom of expression and freedom to practice their religion, etc. In terms of financial relations, India follows a system of fiscal federalism, where financial resources are distributed between the central and state governments. The constitution provides for the sharing of taxes and grants-in-aid to ensure financial autonomy for the states.

Like India, our own 1957 constitution also laid down the framework for a federal system of government clearly defining the powers and responsibilities of the central and regional governments. The regional list includes subjects of local or regional importance, such as police, public health, and agriculture. The concurrent list includes subjects on which both the central and state governments can legislate. Fiscal federalism ensures or guarantees financial autonomy of federating regions.

Sadly,  unlike India’s elite, our deceitful political elite undermined our own federal arrangement by unconstitutionally interfering in the affairs of the regions, and assaulting the tribes, the building block for African societies, claiming, albeit falsely, that it is possible to love Nigeria more than your family or your tribe which will be like climbing the palm tree from the top.

 Despite the provision of the 1957 constitution, the feudal lords in the north did not allow freedom of religion. The 1963 republican constitution, the first to be wholly midwifed by Nigerian elite provided the coalition partners an opportunity to insert a clause that would allow them to arrest and detain people without court order for expressing their opinion. The first victim was Obafemi Awolowo who was detained for criticizing Anglo-Nigerian defence pact.

However, while India was busy setting up technology special schools (India Institute of Technology (IITS), the India Institute of Science (IISc) and National Institute of Technology (NITS) that attracted the best brains among India’s youths which has today resulted in Indian engineers heading most of the leading tech companies in the world, we were busy replicating federal government unity schools across Nigeria.

India started the arduous task by first taming the feudal lords, who had to be replaced by the capitalist class who know how to mobilise the people to secure power. India did this without underestimating the intrigues of the metropolitan powers. As President Bola Tinubu moves from France to Britain and to Germany, he must not forget the duplicitous role of Britain as foremost promoter of ethnic consciousness, secret supporter of Fulani claim of ownership of Nigeria, and betrayer of  Biafra that had expected her support  as chief promoter of ethnic consciousness.

India therefore emerged as a union of nationalist groups that respect the culture and values of federating members. Apart from Hindi, the official language spoken by about 40 percent, there are about 20 other recognized languages. They understand their challenges include taming the feudal lords who have to be replaced by the capitalist class. They did not underestimate the intrigues of the metropolitan powers in the guise of promoting ethnic consciousness. Or preventing the disintegration of areas amalgamated without consideration for their level of cultural development and favoured one group above the other.

Patriotism for Indians is not about loving India. That comes naturally from the union of nationalities. They don’t have to set up unity schools, institutionalize quota system of admission to tertiary institutions or into bureaucracy, discriminatory admission marks for JAMB or decree a National Youth Service in pursuit of elusive unity.

Instead, they set up competitive tech schools that attract the best of their youths. The result today is that most of the best tech companies in the world are headed by Indians.  Indian leaders don’t need to decree patriotism. The billions of dollars repatriated back to India yearly by their tech experts in high demand in Europe and North America speak louder than the voices of those turned their brainwaves to state policies.

India’s visionary leaders didn’t have to mouth unity or patriotism. All they did was to invest in the education of their youths. The product of such schools are today in charge of India’s economy, ranked fifth in the world by GDP and in fact projected to become the third largest economy by the end of the decade.

We institutionalized quota system of admission into the unity schools to accommodate those who as a result of lower scores could not compete with their counterparts. In the name of unity, we set up JAMB to accommodate those who have no business in the universities, and quota system of recruiting third class graduates at the expense of first class graduates into the bureaucracy.

We don’t need to search far as to why India has become choice destination for Nigeria’s medical tourism, why our best graduates are moving in droves to seek greener pastures in Europe, Canada and USA and why India’s elite has been able to stabilize their democracy, their economy, sent satellite to the moon and became a nuclear power while our own elite remain the scourge of our nation.

• Foreign investments safe, says Tinubu

South Africa is exploring an investment opportunity in Nigeria’s solid minerals sector to boost industrialisation and transport system.

Highlighting the elements of the investment drive, President Cyril Ramaphosa said his country would collaborate with Nigeria to harness lithium to drive the green energy transition and electric vehicles (EV) batteries.

The South African leader, who expressed his country’s interest at the Nigeria -South Africa Business Roundtable in Cape Town, said Nigeria’s vast lithium reserves could serve as a cornerstone for industrialisation in the EV sector.

At the session, President Bola Ahmed Tinubu said Nigeria is a safe haven for investments, adding that there is a guarantee for ease of doing business under his administration.

Presidential Adviser on Information and Strategy Bayo Onanuga said in a statement that during the interaction, President Ramaphosa urged the private sector and development finance institutions to collaborate in building infrastructure and developing the manufacturing capabilities in this sector.

Emphasising the role of critical minerals in the global shift to a low-carbon economy, the South African leader called for collaboration in mineral processing and beneficiation at the source.

He said such partnerships would ensure that both nations maximise the value derived from their resources while bolstering their positions in the rapidly growing clean energy manufacturing sector.

President Ramaphosa alluded to the ‘South Africa’s Just Transition Framework and Investment Plan,’ which anticipates significant investments in renewable energy and the green economy over the next few years.

He said the approach aligned with global efforts to achieve sustainable development while reducing carbon emissions.

Ramaphosa also drew attention to the opportunities in pharmaceuticals, underscoring how the two countries are strategically positioned to benefit from burgeoning industries tied to clean energy and innovation.

He urged businesses from both nations to actively engage in initiatives that support green energy and sustainable industrialisation.

President Ramaphosa stressed:”There is also much opportunity for cooperation on pharmaceuticals. Our two countries are strategically positioned to benefit from the rapid growth of clean energy manufacturing industries.

“South Africa has developed a Just Transition Framework and an Investment Plan that anticipates massive investments in renewable energy and the green economy over the next few years.

“As part of the broader global transition to a low-carbon economy, we must leverage the abundant natural resources that exist in our countries to promote green industrialisation.

“We should leverage each other’s capabilities in minerals processing. We must work together to ensure critical minerals are beneficiated at source. We call on businesses to support and involve themselves in these initiatives.”

G20: South Africa to endorse Nigeria

The South African leader said his country will “keenly” support Nigeria, “a valued sister country”, to become a member of the G20 club of the world’s major economies.

He gave the promise at the official launch of South Africa’s presidency of the G20 in Cape Town, few minutes before he received President Tinubu at Tuynhuys to co-chair the 11th Bi-National Commission between Nigeria and South Africa,

South Africa and the African Union are the continent’s only representatives in the G20.

Ramaphosa said other key African countries should also be admitted to the club “so that we can raise the voice from Africa, the neglected continent for the longest time.”

He said South Africa had been the lone voice for Africa in the G20 before the admission of the African Union last year after his country had lobbied for it to become a member.

He said: “We have a voice, we have a presence, and we will be the biggest growth story in years to come.

“Our population is going to grow by leaps and bounds, and therefore, as a continent, we are going to be a big noise, and we want that big noise to be recognised in the form of countries that will be part of the G20 right now.”

Nigeria safe for investment, says Tinubu

President Tinubu said Nigeria is safe for investment, urging South African businessmen not to entertain any fear.

To boost mutual confidence, Nigeria and South Africa fully operationalised the Joint Ministerial Advisory Council on Industry, Trade, and Investment to enhance economic cooperation between the two leading African economies.

President Tinubu said Nigeria is open for business and ready to guarantee stability, security and the rule of law.

He promised to address the issues that discourage South African investors from growing their businesses and franchises in Nigeria, urging South Africa to reciprocate by allowing Nigerian companies to operate and flourish in the country.

President Tinubu said Nigerian officials would collaborate with their South African counterparts to facilitate the implementation of the agreed mandates under the Bi-National Commission.

He said: “Nigeria and South Africa are co-joined twins tied by the hips not only for survival but for the prosperity of the people.”

President Tinubu also said Nigeria is undergoing very stringent positive economic reforms to serve Nigerians and bring prosperity to Africa.

He added: “The reforms have begun to see the light of the day. You have no better investment than in Nigeria. You cannot earn better on your investments elsewhere except in Nigeria.”

President Ramaphosa, who shed light on the Joint Ministerial Advisory Council on Trade, said it was launched during his state visit to Nigeria in 2021.

Its aim was to address trade and investment challenges, foster policy alignment, and create a conducive environment for business growth in both countries.

President Ramaphosa said: “Today, we agreed on the full operationalisation of the Council. This will support a conducive environment for improved trade and investment. Through the Council, we hope to ensure the efficient resolution of trade- and investment-related challenges.”

He acknowledged the strategic importance of both nations in their respective regions and the need to diversify trade relations to move beyond oil and gas dependency.

Ramaphosa added: “South Africa runs a large trade deficit with Nigeria, mainly due to oil and gas imports. We need to diversify our trade to ensure a mutually beneficial partnership.

“We are greatly encouraged by the presence of South African companies in Nigeria, just as we welcome Nigerian companies in South Africa.

 “We do recognise that challenges still exist within our respective operating environments that limit the expansion of investment and sometimes impact on the operations of companies.”

Bitcoin has shattered the $100,000 milestone, riding a wave of investor confidence sparked by U.S. president-elect Donald Trump’s pro-crypto pivot.

The world’s largest cryptocurrency surged as high as $103,800 on Thursday, marking a 50 per cent rise since Trump’s November election win.

The rally intensified after Trump nominated crypto advocate, Paul Atkins, to lead the Securities and Exchange Commission (SEC), signaling a shift toward a more favorable regulatory environment.

Atkins’ appointment, along with Trump’s pledge to make the U.S. “the bitcoin superpower of the world,” has electrified the market. 

“Bitcoin reaching $100k is an incredible milestone for our movement,” said Kris Marszalek, CEO of Crypto.com. “We never doubted. We never wavered. And we will never stop building.”

Trump’s crypto-friendly administration has also tapped Howard Lutnick for the Commerce Department and Elon Musk to co-lead the “Department of Government Efficiency,” humorously dubbed “DOGE” after the popular cryptocurrency Dogecoin, which has soared 150 per cent since election day.

According to Financial Times on Thursday, this surge marks a stark contrast to the sector’s downturn two years ago, when the collapse of FTX and regulatory crackdowns sent Bitcoin plummeting to $16,000.

Now, institutional money is flowing in, with BlackRock’s Bitcoin ETF alone managing $45 billion in assets.

Cameron Winklevoss, co-founder of Gemini, summed up the sentiment: “This bitcoin bull run is different. We have a pro-tech president-elect, a red Senate, a red House, and a mandate from the country to build.”

With $4.4 billion pouring into crypto ETFs since November, and companies like MicroStrategy planning to raise $42 billion for further Bitcoin investments, analysts predict a “golden era” for digital assets under the incoming administration.

Earlier in the first weeks of November, PUNCH Online reported Bitcoin smashed through the $80,000 milestone, reaching an all-time high of $81,858 amid post-election optimism in the US, as pro-crypto policies appear more likely under Trump.

Barely three days after, the world’s largest cryptocurrency reached a record high above $90,000.

Meanwhile, a check by PUNCH Online as at 5.33am on Coin Market Cap placed the coin at $102,724.32 with over 7 per cent increase in the last 24 hours.

Notably, Trump’s previous administration leaned heavily towards scepticism regarding digital currencies, but the president-elect has since embraced crypto, pledging to make the US the “crypto capital of the planet.”

CNBC noted that Trump had promised to retain “100 per cent of all the Bitcoin the US government currently holds or acquires in the future” and to dismiss SEC Chair Gary Gensler, whose tenure saw over 100 regulatory actions against crypto firms.

[Punch]

Human beings naturally resist change. When comfortable where we are, we find it extremely difficult to embrace an uncharted path or seek greater glory. Those who are risk averse often don’t want to venture out to embrace unfamiliar territories no matter how tempting the possible reward may appear. We should not, however, be so imprisoned by the fear of the unknown not to explore new possibilities because we find our present circumstances satisfying enough.

Since the public debate around the Tax Reform Bills started, the strongest push back against it has come largely from the north. Borno State Governor, Professor Babagana Zulum has become the face of the resistance for the reasons he has pushed forward, even when some of them didn’t speak to the facts and provisions of the bills.

If Governor Zulum and other voices of resistance who think the states will be shortchanged had actually taken time to examine the four executive Bills, they will see how progressive and transformative the Bills are. They will also discern the thought behind them which is primarily to make both the Federal and sub-nationals fiscally stronger and buoyant.

In his public presentations and the most recent being the Channels TV Town Hall moderated by Seun Okinbaloye Monday evening, Chairman of Presidential Committee on Tax and Fiscal Policy Reforms, Taiwo Oyedele and other panelists again made convincing arguments for the passage of the Bills before the National Assembly.

Here are the 10 ways the Tax Bills will serve the states better and enhance their capacity to earn more revenue:

1. The federal government will cede 5% out of its current 15% share of VAT revenue to states.

2. The Bills will transfer income from the Electronic Money Transfer levy exclusively to states as part of stamp duties.

3. The Bills seek to repeal obsolete stamp duties law and re-enactment of a simplified law to enhance the revenue for states.

4. Under the new dispensation the Tax Bills will usher in, states will be entitled to the tax of Limited Liability Partnerships.

5. When passed by the National Assembly, the Tax Bills will enable the state government to enjoy tax exemption on their bonds to be at par with federal government bonds.

6. Under the proposed tax reform, states will enjoy a more equitable model for VAT attribution and distribution that will lead to higher VAT income.

7. Integrated tax administration will provide tax intelligence to states, strengthen capacity development and collaboration, and scope of Tax Appeal Tribunal to cover taxpayer disputes on state taxes.

8. The proposed tax laws grant powers for Accountant General of the Federation to deduct taxes unremitted by a government or MDA and pay to the beneficiary sub-national government on personal income tax of workers of federal institutions in states.

9. Framework to grant autonomy for states internal revenue service and enhanced Joint Revenue Board to promote collaborative fiscal federalism.

10. Legal framework for taxation of lottery and gaming and introduction of withholding tax for the benefit of states.

From the aforementioned, it is clear that the Tax Bills are not in any way injurious to the states. Apart from streamlining the tax system in Nigeria and catalysing economic output, the tax and fiscal policy reforms provide incentives for states to become economic powerhouses. The challenge for governors will be to put on their thinking cap by investing in manpower and critical social and physical infrastructure in their states that will support businesses and socio-economic activities to flourish.

Ajayi is the senior special assistant to the president on media and publicity

Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says it is not a crime to blend petroleum products at the old Port Harcourt refinery.

Kyari, who spoke at the commissioning of the NUPENG Towers in Lagos on Wednesday, said the refinery is up and running, with loading operations in full swing.

On November 26, the refinery commenced crude oil processing after several years of being moribund.

The state-owned plant also commenced the loading of petroleum products for trucks.

The national oil firm disclosed that the refinery commenced production of daily outputs of straight-run petrol (naphtha), which is blended into 1.4 million litres of petrol.

Some Nigerians have questioned the ongoing blending at the refinery when the plant ought to be refining crude,

Speaking on the issue, Kyari said blending is not a crime as it is an integral part of the refining process.

“If you don’t blend, you will bring out off-spec products which will destroy your vehicles,” he said.

“Every refinery blends because what is on specification in the United States of America will be off-spec in Nigeria and elsewhere.

“Blending is necessary to bring products to the specification of different countries or regions.”

Kyari also invited those in doubt about the operationalisation of the refinery, including Femi Falana, human rights activist and lawyer, to join him on a tour of the Port Harcourt, Warri, and Kaduna refineries to verify their various statuses.

He congratulated NUPENG on the successful completion of the NUPENG Towers, urging the union to continue to prioritise dialogue and cooperation in its relationship with the NNPC and the federal government.

The GCEO said the president’s interventions in the oil and gas industry by way of executive orders are yielding positive results, with more investments coming in and prospects of more jobs in the industry.

[TheCable]

•Says tax reform bills necessary to end struggles by Nigeria’s poorest 

•Insists consultants won’t be involved in collection

•Senate suspends further action on public hearing, sets up ‘elders’ committee to douse tension

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, yesterday argued that derivation formula in the tax reform will reduce inequitable distribution of resources. He stated that some states pushing back on the proposed 60 per cent Value Added Tax (VAT) derivation formula may end up with 100 per cent if the courts eventually decide so.

The Senate proceeded to set up a 10-member committee  of ‘elders’ led by Senate Minority Leader, Abba Moro  to  meet with Attorney General of the Federation’s team on areas of concerns in the bills to douse the lingering tension of the tax reform.

Speaking on Arise Television, Oyedele said that it was surprising that the same states for which the committee was fighting were the ones kicking against the passage of the tax reform bills.

The tax expert’s remarks came as the Senate yesterday directed its committee on Finance to stop further action on the landmark tax reform bills, pending when grey areas of concern raised on the proposed legislations by stakeholders are properly addressed.

But Oyedele explained that the current VAT allocation formula, based on 20 per cent derivation, 50 per cent equality of states, and 30 per cent population, was flawed.

He cited litigation initiated by Lagos and Rivers States, in which they argued that VAT collection should be under state control, since it is not explicitly mentioned in the constitution, arguing that if the case goes their way, it will mean that VAT will be based on 100 per cent derivation, further deepening the current inequity among states.

He defended the urgency of the tax reform bills, emphasising the need to address economic challenges, promote fairness, and ensure equity in revenue sharing, outlining how the reforms aim to resolve systemic issues in the VAT system and provide relief for struggling Nigerians.

He said: “Most likely, if we get the judgement from the Supreme Court, it will say states should administer it. When a state administers VAT, then it becomes 100 per cent derivation.

“It is important for us to understand that our proposal to move derivation to 60 per cent is actually a middle ground. If we lose the opportunity of getting this 60 per cent derivation, we are likely to end up with 100 per cent derivation, which, to be honest, is not bad but is going to create a lot of problems for businesses and economic growth.”

Asked why the federal government was in a rush to ensure that the bills were pushed for emergency passage, Oyedele maintained that the challenge of streamline Nigeria’s tax system was indeed an urgent matter.

“We are at a stage today where the majority of people are struggling. Small businesses face over 60 official levies and taxes, over 200 unofficial ones. If you want to provide relief for your people, you should do it in a hurry because it’s urgent; it’s an emergency,” he pointed out.

According to him,  the current system which attributes VAT revenue to states where payments are made rather than where consumption occurs,  disproportionately benefits Lagos State and to a lesser extent Rivers state.

 In 2023 alone, Oyedele said that Lagos accounted for over 80 per cent of VAT revenue, despite its economy being about 30 per cent of the national total, urging those opposed to the current bills to imagine a situation where Lagos collects all its VAT.

“To promote equity and stimulate economic activities across the country, the reform proposes attributing VAT to where consumption takes place and increasing the share of VAT revenue states retain,” he stressed.

Oyedele, who also responded to insinuations that adequate consultation was not carried out by the committee, said that there were at least four meetings with  finance commissioners as well as revenue service chairpersons, and with governors, to a lesser extent.

“We also had engagement with the governors themselves, but you would imagine that if you manage to get the airtime to speak to governors, either through the governors’ forum or the national economic council, they are unlikely to give you one hour or two hours, so there was a particular meeting where we got 15 minutes,” he disclosed .

He added: “We understand they have a very busy schedule.  We also recognise that they may not be in the best place to deal with the technicalities of what we were dealing, that is why we spent more time with their finance commissioners and with the revenue service chairpersons across Nigeria.”

Stressing that Tinubu has never interfered in the work of the committee, he said that the body was able to convince the federal government to reduce its share of VAT from 15 per cent to 10 per cent, reallocating the remaining 5 per cent to states,.

 “This amount exceeds what states currently collect from multiple consumption taxes and ensures efficient, centralised tax collection,” Oyedele argued.

He also dismissed allegations of third-party involvement in tax administration, especially consultants, noting that the bills explicitly prohibit the use of such consultants for tax collection or assessment.

Separately, Special Adviser to  President Bola Tinubu on Policy Communication, Daniel Bwala, has said that the opposition from the north against the bill was just a mere plot for political negotiate

Speaking on Arise television programme, Prime Time, Bwala said: ”I have a feeling that this whole opposition thing, I see it even more of playing the politics for negotiation.”

Bwala, who hails from Borno, said contrary fears expressed in some quarters , the bills would not impoverish the north.

“I am from the north, and I am really saddened by the notion generated in the media that it is a north versus the south thing. This is not from the media in the sense of media people, but people creating the narrative that the tax reform bills are built or designed to afflict the north.

“I have seen lots of northerners who supported the bill, lots of them from different parts of the north, north-central and north-west. The very opposite is the point of the bill, because if you say that the bill is going to impoverish the north or is going to afflict poor people, it is actually this proposed bill that is addressing the problem that the poor people encounter.

“But the reason why I’m very emphatic about this issue of poverty is because I come from the north and the conversation in the north is that this will bring poverty to you, or this one will impoverish you. The tax is in favour of the poor,” he maintained.

Also yesterday, the Senate directed its committee on finance to stop further actions on the landmark tax reform bills pending when grey areas of concern raised on the proposed legislations are properly addressed.

The Deputy President of the Senate, Jibrin Barau, who stated this at plenary, specifically asked the Senate Committee on Finance, to put the proposed public hearing on hold for now.

He said a team of the Senate will today (Thursday), meet a delegation of the federal government led by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN).

Barau said: “It’s on this note that the Committee on Finance that the bills have been referred to, should put on hold further action on it, that is, public hearing and other issues until we resolve these issues.

“All sides will be given the opportunity and we shall resolve the issues before anything is allowed to go.”

Barau said the proposed meeting with the AGF was aimed at resolving the criticisms on the proposed tax reform bills currently before the two chambers of the National Assembly.

Barau said the meeting will be held at the National Assembly Complex, Abuja and that it was necessary for the lawmakers to have extensive interaction with the government officials before passing the tax reform bills.

He said the Senate Minority Leader, Abba Moro will lead the senators in the meeting. Other senators who will attend the meeting according to the Deputy Senate President are: the Senate Chief Whip, Tahir Monguno; Adamu Ailero, (PDP, Kebbi Central), and  Seriake Dickson (PDP, Bayelsa  West).

Others are:  Titus Zam (Benue South), Abdullahi Yahaya (Kebbi), Adeola Olamilekan (APC, Ogun West), Sani Musa (APC, Niger East) and Adetokunbo Abiru (APC, Lagos East).

Barau said: “Of the tax reform bills that are before us, this is in consonance with the fact that we understand at all times that this Senate is the highest assembly in this country.

“The Senate is composed of men and women of wisdom, of pedigree that this country has entrusted to legislate for them for the peace and tranquility and the development of this country. The Senate of the Federal Republic, as known by everyone and indeed other Senates in the entire world, are known to be the stabilisers of every country.

“When there are difficulties and disagreements, the Senate of this country comes in with solutions through dialogue and consensus at all times to solve such problems, and the Senate of the Federal Republic of Nigeria has been doing that since 1999.

“Because of this, we decided to put politics, ethnicity, and regionalism aside to sit among ourselves and find the way forward with respect to the issues surrounding the tax reform bills.

“It is on this note that we extended our view to the executive arm of government and it was agreed that there should be a forum to sit down to look at the areas that are creating disagreements to resolve them so that the entire country will remain united – united in our effort to solve our problems.

“Before the introduction of these bills,  we know we’ve been faced with several problems and insecurity that we’ve been trying to solve. The president has been trying, and we’re also working with him to solve issues about our economy, which is in line with global economic problems.

“We also agree that we shouldn’t allow anything else to aggravate our country’s problems. It is on this note that it has been agreed by the executive and also by us that there should be a forum that will sit with the Attorney General of the Federation (AGF)  so that we can sit down and sort out all these problems in the interest of this nation,” he stated.

He  therefore proposed that by tomorrow (Thursday) there will be a meeting with the committee to sit with the Attorney General of the Federation to look at the issues and resolve them.

President Bola Tinubu had on Tuesday directed the Ministry of Justice to work with the National Assembly to address some of the concerns generated by the Tax Reform Bill currently before the Legislature.

The Minister of Information and National Orientation, Mohammed Idris who disclosed this in statement he issued in Abuja, said the nationwide debate on the new tax reform bills was commendable.

Meanwhile, the Colleges of Education Academic Staff Union (COEASU) has warned of grave consequences for the Tertiary Education Trust Fund (TETFund), if the bills are passed and implemented

The teachers’ union said if the bill sails through in the National Assembly, the sources of funding for TETFund might become impeded, thereby stifling the tertiary education in the country.

In a statement issued in Abuja, COEASU President, Dr. Smart Olugbeko criticised aspects of the proposed tax administration reforms, which he said threaten to cut off TETFund’s critical funding sources.

He described the move as a “dangerous ambush” that could severely undermine the development of public tertiary institutions in Nigeria.

He argued:  “Our Union, COEASU, has noted with serious concern the inimical effect of the proposed tax reforms of the federal government on tertiary education in Nigeria.

“The tax reform is nothing but a dangerous ambush aimed at destroying public tertiary institutions in Nigeria. We strongly reject the aspects of the proposed tax administration which aims to withdraw or impede on the source of fund to TETFund.

“Such injury, if allowed to stand, is bound to undermine the development of public tertiary education in Nigeria,” Olugbeko added.

Emphasising the pivotal role of TETFund, Olugbeko noted that the fund was a product of decades-long advocacy by academic unions, particularly the Academic Staff Union of Universities (ASUU), adding that before its establishment, Nigeria’s tertiary institutions were grappling with decayed infrastructure and inadequate funding.

“It is shocking to note that no Nigerian government in the last two decades or more has committed up to 9 per cent of the annual budget to education despite UNESCO’s recommendation of 26 per cent,” the statement added.

COEASU warned that withdrawing TETFund’s funding source could push public tertiary institutions into the stock market, transforming them into profit-driven ventures accessible only to the wealthy.

“Except for TETFund, which has become the spine and lifeblood of public tertiary education funding, Nigerian universities, polytechnics, and colleges of education would have gone comatose.

“TETFund has been playing an indispensable role in the development of tertiary institutions in Nigeria, providing funding for infrastructure, research, teaching, and staff development,” Olugbeko stated.

COEASU accused the political elite of attempting to dismantle public tertiary institutions in favour of private, profit-driven alternatives, as was done with public secondary schools.

“Rather than killing TETFund through the purported tax reform, the federal government should strengthen and expand its revenue accrual sources with a view to sustaining the fund’s commendable efforts in our institutions,” Olugbeko stressed.