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Senate Kicks As Nigeria Lost N17trn To Tax Waivers

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By Chukwuka Kanu

The Senate Committee on Finance on Monday frowned at the N17 trillion the federal government lost to tax waivers within the last five years.

It urged the Federal Inland Revenue Service (FIRS) to suspend the tax waivers and substitute it with a rebating system.

The committee’s chairman, Senator Sani Musa (APC, Niger) during the 2024 budget presentation of FIRS at the National Assembly, said the tax waivers, which he said have been abused, should be suspended.

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“Your projection of N19 trillion as total tax collection for 2024 is good when compared to N11.16 trillion achieved in 2023 but the senate believes that you can do more even to the tune of N30 trillion if required measures are put in place.

“The Senate urges you to look at the direction of tax waivers largely being abused with attendant and avoidable losses being incurred every year.

“Available records show that within the last five years, about N17 trillion have been lost by the country to tax waivers.

“It should be suspended and possibly substituted with a rebating system,” he said.

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The chairman of FIRS, Zacch Adedeji, who projected N19.4 trillion as the targeted tax collection for 2024, insisted that the fresh N2.7 trillion tax credit for road construction by the Nigerian National Petroleum Company Limited (NNPCL) should be stopped.

He told members of the committee that to save Nigerians from multiple taxation, the FIRS, in collaboration with the panel constituted by President Bola Tinubu, would reduce the 62 different taxes to 8.

“We are already consulting and engaging the state government on it. At the end of the day, we won’t have more than eight or nine taxes that the state and federal government would be collecting,” he said.

On controversy trailing the implementation of the tax credit scheme for road construction by NNPCL, the FIRS boss insisted that the N2.5 trillion earlier committed to it must be fully implemented before thinking of any fresh one.

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Osun guber: Your uncle will soon become jobless get him one – Uzodimma mocks Davido

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Imo State Governor and Chairman of the All Progressives Congress (APC) National Campaign Council for the Osun governorship election, Hope Uzodimma, has responded to singer David Adeleke, also known as Davido, over comments made ahead of the August 15 governorship poll in Osun State.

According to a report by Premium Times, Davido, while addressing supporters in his capacity as head of the youth campaign mobilisation team for Governor Ademola Adeleke, alleged that a politician from Imo State was planning to interfere in the Osun governorship election.

Although the singer did not mention any name, he alleged that the politician intended to use the election as a political battleground to prove a point and urged the individual to allow the people of Osun State to freely choose their preferred candidate.

Reacting in a statement issued on Wednesday by his Senior Special Assistant on Electronic and Creative Media, Ambrose Nwaogwugwu, Uzodimma said Davido’s appeal was misplaced and should instead be directed to the people of Osun State, who would ultimately decide the outcome of the election through their votes.

The governor maintained that, as Chairman of the Progressive Governors’ Forum and the APC National Campaign Council for the Osun election, he had consistently advocated a peaceful, free and credible electoral process.

Uzodimma also stated that the APC would continue to appeal to the conscience of Osun voters to support and elect the party’s governorship candidate, Asiwaju Munirudeen Bola Oyebamiji.

He further claimed that many voters in Osun were prepared to vote out Governor Ademola Adeleke over what he described as the administration’s failure to fulfil its campaign promises.

According to him, indications across the state suggested that a significant number of voters had rejected the current administration and were ready to embrace a new direction by voting for the APC in the August 15 governorship election.

Uzodimma also advised Davido to focus on preparing his uncle for life after office rather than making emotional appeals, insisting that the electorate appeared ready to support the APC candidate.

The Imo governor added that the singer should consider employing Governor Adeleke as a dancer in his music band after the election, expressing confidence that the governor could be out of political office after the governorship poll.

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Five ISWAP bombs reportedly wasted as IED suddenly explodes in Borno

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No fewer than five suspected Islamic State West Africa Province (ISWAP) terrorists has been reportedly killed in a premature explosion while assembling explosives in Marte Local Government Area of Borno State.

According to Zagazola Makama, a counter insurgency reporter, the terrorists who died in the explosion include an alleged medical officer and four improvised explosive device (IED) specialists.

Intelligence sources told Zagazola Makama that the incident occurred at Maina Daya Village, located between Sabon Tumbu and Jubilaram, about 29 kilometres east of Monguno.

According to the sources, the explosion killed Usman Dan Fulani, described as an ISWAP medical officer, alongside two foreign Arab IED technicians and two ISWAP bomb-making experts.

The sources said the incident occurred while the terrorists were allegedly preparing improvised explosive devices for deployment, suggesting the group was planning further attacks along key military supply routes in the Sector 1 area of Operation HADIN KAI.

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HoR open week will bridge gap between legislature and Nigerians-CNA

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The Clerk to the National Assembly (CNA), Kamoru Ogunlana has described the 2026 House of Representatives Open Week as a vital platform for deepening democratic governance, promoting transparency and strengthening the relationship between Parliament and the Nigerian people.

Speaking at the opening ceremony of the 2026 House of Representatives Open Week in Abuja, the CNA, on behalf of the National Assembly Management, welcomed dignitaries from across the country and commended the leadership of the House for sustaining an initiative that has become a symbol of parliamentary openness and public engagement.

The event attracted a wide range of stakeholders, including the President of the Senate, the Speaker of the House of Representatives, members of the judiciary, lawmakers, representatives of the executive arm of government, diplomats, traditional rulers, religious leaders, civil society organisations, development partners and members of the media.

The event attracted a wide range of stakeholders, including the President of the Senate, the Speaker of the House of Representatives, members of the judiciary, lawmakers, representatives of the executive arm of government, diplomats, traditional rulers, religious leaders, civil society organisations, development partners and members of the media.

According to the CNA, the Open Week has evolved into one of the most significant expressions of democratic participation in Nigeria, providing citizens with an opportunity to understand legislative processes and directly engage with their elected representatives.

He noted that the House of Representatives occupies a unique position within Nigeria’s democratic framework as the chamber with the broadest representation of the people, drawing members from every federal constituency across the country.

“The House serves as the closest legislative institution to the people, translating local aspirations into national policies and legislation,” he said.

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