By Michael Chibuzo In the first part of this piece, I did a synopsis of the Nigeria Tax Bill, one of the four historic tax reform bills sent to the national assembly by President Bola Tinubu in October and in my opinion, the most important. The Nigeria Tax Bill basically compressed all the taxes payable in Nigeria into one piece of legislation and as a result will lead to the repeal of 11 laws that contain provisions on imposition and collection of some major taxes. In this second part, I will delve into the other three bills, highlighting some of…
Author: Michael Chibuzo
The presidency has responded to scathing remarks made by former President Olusegun Obasanjo against the administration of President Bola Tinubu during a recorded keynote speech he delivered last Friday at Yale University in an event organised by Cajetan Iheka, Chair of the University’s Council on African Studies. The Former President in his speech said that Nigeria has become a “failed state” due to the policies of former President Muhammadu Buhari and President Bola Tinubu. While responding to Obasanjo’s remarks on behalf of the presidency, the Special Adviser to the President on Public Communications and Orientation, Sunday Dare described former President…
By Michael Chibuzo In the first part of this piece, I did a synopsis of the Nigeria Tax Bill, one of the four historic tax reform bills sent to the national assembly by President Bola Tinubu in October and in my opinion, the most important. The Nigeria Tax Bill basically compressed all the taxes payable in Nigeria into one piece of legislation and as a result will lead to the repeal of 11 laws that contain provisions on imposition and collection of some major taxes. In this second part, I will delve into the other three bills, highlighting some of…
Sixteen years after executing a procurement contract from the Anambra State government under Mr. Peter Obi, an Anambra contractor, Chris Ikem Okeke is still fighting to get paid for job done. This revelation was made in a publication by the Foundation for Investigative Journalism (FIJ), an independent, not-for-profit organisation that seeks to combats injustice and hold those in power to account. According to the FIJ publication, in October 2006, the Peter Obi-led Anambra State Government approved the procuring and supplying of two new Shandong Engineering Machinery (SEM) wheel loaders. The Anambra state government awarded this contract to Chris Okeke’s Auto…
The Federal Executive Council has approved a record sum of N47.9 trillion as the total expenditure in the 2025 budget. This was revealed to journalists by Atiku Bagudu, the Minister of Budget and Economic Planning shortly after the federal executive council (FEC) meeting presided over by President Bola Tinubu. The Minister said that FEC first approved the medium-term expenditure framework (MTEF) for 2025-2027. The MTEF is expected to be submitted to the National Assembly as required by law, either tomorrow (Friday) or on Monday. Mr. Bagudu further stated that the 2025 budget proposal is hinged on a crude oil benchmark…
By Michael Chibuzo President Bola Tinubu on October 3, 2024 transmitted four tax reform bills to the national assembly. The bills are the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service Establishment Bill and the Joint Revenue Board Establishment Bill. Together, these bills would overhaul tax administration and revenue generation in Nigeria as many of the provisions contained in them are landmark in nature. These tax reforms bills did not come out from the blues, they are products of a year worth of intense hard work and consultation by the Taiwo Oyedele-led Presidential Committee on…
By Bayo Onanuga Since his defeat in the last election, former Vice President Atiku Abubakar has shown more interest in undermining President Bola Ahmed Tinubu than in addressing his party’s implosion. We suspect he is envious of Tinubu’s position—an office he has unsuccessfully sought six times. It is perplexing that he would elevate his untested, hypothetical proposal, which Nigerians soundly rejected during the 2023 Presidential Election, and seek to present it as a superior alternative to the multi-faceted reform programmes implemented by the Tinubu administration. If his plan lacked popular appeal, he must acknowledge that merely repackaging it will not…
By Michael Chibuzo Nigeria since independence has had to navigate countless political landmines that are often times rooted in either tribal/religious rhetoric or North-South divide. Talking about the North-South division, this geographical faultline was birthed by the British division of Nigeria into the Northern and Southern protectorates, which were administered separately until the 1914 amalgamation. Unfortunately, even with the amalgamation of the two protectorates, the faultline never disappeared completely. Due to the political structure Nigeria adopted at independence, Northern Nigeria over the years have become a kingmaker of some sort due to their huge voting bloc. A look at the…
President Bola Tinubu has congratulated the Republican Party candidate in the 2024 US presidential election, Donald Trump over his victory at the polls, which will see him return to the White House, according to a State House press release signed by presidential adviser on Information and Strategy , Bayo Onanuga. The statement reads, “President Bola Tinubu extends his heartfelt congratulations to President Donald Trump on his re-election as the 47th President of the United States of America.” “President Tinubu looks forward to strengthening the ties between Nigeria and the United States amid the complex challenges and opportunities of the contemporary…
The President and Commander-in-Chief of the Armed Forces, Bola Ahmed Tinubu has announced the passing of Lt. General Taoreed Abiodun Lagbaja, Chief of the Army Staff, at the age of 56. According to a State House press release signed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Lt. Gen. Taoreed Abiodun Lagbaja passed away on Tuesday night in Lagos after a period of illness. Born on February 28, 1968, Lt. General Lagbaja was appointed Chief of Army Staff on June 19, 2023, by President Tinubu. “His distinguished military career began when he enrolled in the…