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FG Accepts New VAT Sharing Formula Proposed By Governors
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The Federal Government through the Presidential Tax Committee says it has no objection to the new “equitable” sharing formula for Value Added Tax (VAT) as proposed by the state governors.
This position was made known by the chairman of the presidential committee, Taiwo Oyedele, on Saturday.
Speaking as a guest on The Platform, an event organized by The Covenant Nation, Oyedele said arriving at a conclusion regarding such reforms anywhere in the world, needs to factor in technical inputs as well as political considerations.
Recall that state governors had earlier rejected the VAT-sharing formula of 20 percent based on equality, 60 percent based on derivation, and 20 percent based on population as proposed by the Oyedele-committee.
However, after a meeting with the committee, the governors, under the auspices of the Nigeria Governors’ Forum (NGF), announced a new proposed revised formula of 50 percent based on equality, 30 percent on derivation, and 20 percent based on population.
Speaking on the development, Oyedele told the audience on Saturday that the proposal has been accepted.
“You also need to consider other things, including political considerations, and so once the governors proposed their formula for sharing the VAT revenue.
“We have no objections to that, because, at the end of the day, if you need to move one kilometre, you don’t have to move all of that at once; you can’t even jump one kilometre at once.
“Maybe sometimes you need to just move gradually. You know, you take a breather. You reflect, have more data, and then you move again,” he said.
The chairman of the presidential committee also gave assurances that the VAT-sharing formula will benefit all sectors of the economy.
He urged those still against the proposal to get familiar with the details as recommended by the committee.
“All sectors will be positively impacted, particularly agriculture and manufacturing, as well as industries generally.
“We also have a provision in those tax bills where we call them priority sectors. And there’s a priority sector incentive, you know, power generation, innovation.
“So I’ll say, even if you’re not going to look at everything in that bill, go and find that section where we have those sectors.
“It’s a pointer to you about where the government wants to redirect the incentive regime,” Oyedele added.
News
NPC begins nationwide digital birth, death registration
The National Population Commission (NPC) has begun nationwide digital registration of births and deaths. This, it said, is part of efforts to strengthen Nigeria’s civil registration system, improve access to legal identity, and provide reliable demographic data for national development.
The initiative was announced at a news conference marking the 2026 World Population Day and the nationwide rollout of the fully digitised birth and death registration system under the Electronic Civil Registration and Vital Statistics (E-CRVS) platform, known as VitalReg. This year’s World Population Day theme is “Realising the Hopes and Aspirations of Young People – Today and for the Future”. The event was held simultaneously across all 36 states of the federation.
Federal Commissioner of the NPC in Lagos State, Barr. Saidat Oladunjoye, said the VitalReg platform became fully operational nationwide on July 1, 2026. She explained that the digital platform is designed to provide faster, more accessible registration services, improve the accuracy of demographic records, reduce processing delays, and support evidence-based planning for national development.
According to her, this year’s World Population Day theme highlights the need to invest in Nigeria’s growing youth population through quality education, healthcare, employment opportunities, social protection, and access to legal identity.
“Nigeria, with an estimated population of more than 238 million people, is the most populous country in Africa. Young people are a significant proportion of this population and remain one of the country’s greatest resources,” Mrs Oladunjoye said.
The Federal Commissioner, however, expressed concern about the low rate of birth and death registration in the country, warning that millions of Nigerians risk being denied legal identity, while gaps in vital registration continue to undermine the availability of reliable population data required for effective planning and the equitable distribution of resources.
To address these challenges, Oladunjoye said the Commission is strengthening collaboration with government agencies, healthcare institutions, traditional and religious leaders, and development partners to ensure that all births and deaths are properly registered.
She said, “The new digital CRVS platform would simplify the registration process, reduce paperwork, improve data security, shorten processing time and strengthen Nigeria’s digital identity ecosystem. The NPC has entered strategic partnerships with the Association of Local Governments of Nigeria (ALGON), the National Identity Management Commission (NIMC), UNICEF and private technology partners to decentralise registration services and bring them closer to communities.”
While assuring Nigerians that birth registration remains highly subsidised, Oladunjoye urged parents and guardians to register every child immediately after birth. She also appealed to the media to sustain public awareness campaigns on population issues, youth development, and the importance of obtaining legal identity.
“The NPC will continue to partner with governments and development partners to build a modern civil registration system capable of generating credible demographic data for national planning and sustainable development,” she added.
News
Nigerian University Disciplines Final-Year Students for Organising Sign-Out Parties
The management of Chukwuemeka Odumegwu Ojukwu University in Anambra State has moved decisively to discipline final-year students who openly defied the institution’s long-standing ban on sign-out activities.
In a strongly worded memorandum dated 6 August 2026 and signed by Professor Innocent Ngangah, Dean of Student Affairs, the university expressed deep disappointment at what it described as a deliberate violation of its policy prohibiting all forms of sign-out celebrations both on and off campus.
Despite repeated earlier warnings, students from the Departments of Economics, Political Science, Criminology, English, Microbiology, Mechanical Engineering and Sociology organised and took part in such events at Otoko/Awkuzu, Awka and Uli on 4 and 5 August.
The university regards the gatherings as gross misconduct and a clear act of disobedience to constituted authority. It has therefore announced that all students, departmental executives and any other persons found to have participated in or facilitated the activities will face disciplinary measures in accordance with the institution’s regulations. Possible sanctions include appearance before the Students’ Disciplinary Committee, suspension from the university, the withholding of examination results or clearance, and any further penalties the University Senate may determine.
University authorities have long discouraged sign-out parties, warning that they can be exploited by mischievous elements for harmful acts such as pouring engine oil or urine on fellow students, and that some cult groups have used the occasions to target perceived enemies.
Professor Ngangah reiterated the ban in clear terms, stating that the university will not hesitate to enforce the full weight of its regulations against any individual or group found in further violation of the policy. All students have been firmly warned once again to desist from any form of sign-out activity.
News
ICPC Uncovers Two More Fake Government Agencies, Recommends Prosecution Of Suspect
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has uncovered two additional fake government agencies during its investigation into the activities of Adeniyi Matthew Adeyemi, who allegedly presented himself as the Director-General of the Presidential Foreign Intervention Promotion Council (PFIPC).ICPC Chairman, Dr Musa Adamu Aliyu, disclosed the findings on Thursday while presenting the commission’s interim investigation report to President Bola Tinubu at the Presidential Villa in Abuja.
According to Aliyu, the investigation established that Adeyemi was never appointed by the Federal Government and that the Presidential Foreign Intervention Promotion Council was never created through any law or executive order.
“Our investigation confirmed that the appointment letter presented by Adeyemi was forged, while the PFIPC was never legally established by the Federal Government,” Aliyu said.
He explained that the fake agency had occupied the offices and facilities formerly used by the Presidential Economic Advisory Council (PEAC), where it allegedly carried out unlawful activities, including false representation and impersonation.
The ICPC chairman further revealed that investigators uncovered two additional fake agencies — the FCT Investment Promotion Agency (PIFA) and the Foreign Investment Promotion Agency (PIPA).
According to Aliyu, the two organisations were created using forged legislative documents and were used to open bank accounts for illegal activities.
He also alleged that Adeyemi changed the name of the fake agency from the Foreign Investment Promotion Council to the Foreign Intervention Promotion Council and attempted to expand its operations to include revenue generation.
Aliyu said the investigation found no evidence that any government funds had been approved or disbursed to the fake agency. He also stated that investigators found no security lapses within the State House or the Central Bank of Nigeria that facilitated its operations.
The investigation, he added, identified collaborators from the Office of the Secretary to the Government of the Federation, the Office of the Head of the Civil Service of the Federation, the Office of the Accountant-General, the Budget Office and the National Information Technology Development Agency (NITDA).
The ICPC has recommended the prosecution of Adeyemi, administrative sanctions against public officials who allegedly aided the operation, and reforms aimed at strengthening internal controls across government institutions.
Aliyu noted that the report submitted to President Tinubu was an interim report, adding that investigations were continuing to uncover further details and prepare criminal charges against Adeyemi and any other individuals found to have collaborated with him.
He added that President Tinubu had acknowledged the findings and reaffirmed his administration’s commitment to transparency and accountability.
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