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Tax Reform: Speaker Abbas Assure Youths Will Be Considered

Published

2 years ago

March 4, 2025

Gloria Ikibah

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By Gloria Ikibah

Speaker of the House of Representatives, Rep. Tajudeen Abbas has assured the various youth groups that their input will be factored in the review of the proposals ahead of their passage of the Tax Reform Bills by the parliament.

Speaker Abbas who was represented by Rep. Leke Abejide (ADC, Kogi), stated this at the National Youth Dialogue on Tax Reform Bills on Monday in Abuja.

According to him, the Tax Reform Bills is a catalysts of economic growth and national progress.

“These bills will prepare the country to be economically viable, technologically independent of other nations,” he said.

In his welcome address, Chairman House Committee on Youths in Parliament, Rep. Ayodeji Alao-Akala said the review of the nation’s tax laws has become necessary to address contemporary challenges in fiscal policies.

Chairman noted that young people, particularly those engaged in micro, small, and medium enterprises (MSMEs), are among the most affected by taxation policies.

Naijablitznews.com recalled that last week, the Senate and House of Representatives held public hearing on the Tax Reform Bills transmitted to the parliament in October 2024 and pledged their readiness to review the proposed legislation in the country’s interest.

He said: “If we get it right with the youth, we get it right with the country, Iurge young Nigerians to contribute meaningful ideas to the bill”

Rep. Alao-Akala sad that most low-income earners in Nigeria are youths, struggling to start businesses, rent homes, or make financial progress.

According to him the proposed tax reforms aim to ease this burden by ensuring fairer policies that support entrepreneurship and economic independence.

The Chairman insisted that delaying reform any further would be detrimental, emphasizing that “tomorrow never comes; the time to act is now.”

Similarly cross section of youth groups at the Public hearing, backed the tax reform bills currently under consideration by both chambers of the National Assembly.

One of the Groups, Alumni Association of the Legislative Mentorship Initiative commended the Federal Government proposals, saying that if implemented, the reforms are capable of changing the nation’s economic narrative.

“This proposed legislation is not merely a collection of fiscal policies; it is a blueprint that will shape the economic trajectory of our nation and more importantly, directly impact the lives of our youth, who largely represent the present and future of Nigeria,” representative of the association, Abubakar Tijani said.

He called for a balanced exchange of views, adding that as good as the bills were, there were areas of uncertainty that needed some clarity for the benefit of Nigerians.

“As we engage in this critical discourse, we must approach the subject with a balanced perspective, acknowledging the bill’s potential benefits while also addressing its areas of concern. Our collective goal must be to ensure that this legislation fosters inclusive growth, empowers our citizens, and lays a solid foundation for sustainable development,” Tijani added.

He listed the positives of the tax reform proposals to include company income tax reduction, support for small businesses, personal income tax relief and VAT exemptions on essential goods and services, among others.

“One of the most notable features of the bill is the proposed reduction in the Company Income Tax rate. The current rate of 30 per cent is set to decrease to 27.5 per cent in 2025, with a further reduction to 25 per cent by 2026. This measure is designed to stimulate business growth, enhance corporate profitability, and attract both domestic and foreign investments.

“By lowering the tax burden on companies, the government aims to encourage reinvestment, innovation, and job creation, all of which are critical for economic expansion. For the youth, this could translate into increased employment opportunities and a more vibrant private sector.

“The bill also introduces a significant exemption for small businesses with an annual turnover of ₦50m or less. These enterprises will no longer be required to pay income tax, a move that alleviates financial pressures on small-scale entrepreneurs and fosters a culture of entrepreneurship.

“Another laudable aspect of the bill is the exemption of workers earning ₦800,000 annually or less from personal income tax. This measure provides much-needed relief to low-income earners, many of whom are young professionals just starting their careers.

By increasing disposable income, the government is not only improving the standard of living for these individuals but also stimulating consumer spending, which is a key driver of economic activity,” he added.

That said, Tijani pointed out grey areas which require legislative intervention given the nation’s fragile economy.

“The bill proposes a gradual increase in the VAT rate, starting from the current 7.5 per cent to 10 per cent in 2025, 12.5 per cent in 2026, and 15 per cent by 2030. While this measure is intended to boost government revenue, it could have adverse effects on consumers.

“An increase in VAT often leads to higher prices for goods and services, which could erode purchasing power and exacerbate inflationary pressures. For the youth, who are already grappling with high unemployment rates, this could further strain their financial circumstances. It is essential to consider the broader implications of this policy on the cost of living and economic stability.

“Another concerning provision is the plan to cease funding for critical agencies such as the Tertiary Education Trust Fund, National Agency for Science and Engineering Infrastructure, National Information Technology Development Agency by 2030.

“These agencies play a pivotal role in advancing education, technology, and innovation, sectors that are indispensable for youth development and national progress. TETFUND, for instance, has been instrumental in improving infrastructure and quality in tertiary institutions, while NASENI and NITDA have driven technological innovation and digital transformation. Cutting funding to these agencies could hinder their ability to deliver on their mandates, thereby hindering progress in areas that are crucial for the youth and the nation’s future.

“The bill also proposes imposing taxes on businesses operating in Free Trade Zones. These zones have historically enjoyed tax exemptions as an incentive to attract investments and stimulate economic activity. By introducing taxes, the government risks deterring investors and undermining the competitiveness of these zones.

“This could lead to reduced economic activity, job losses, and a decline in foreign direct investment. For the youth, who often benefit from employment opportunities in these zones, this could have far-reaching implications,” he further said.

The association recommended the retention of the current VAT rate and urged the Federal Government to continue to fund agencies like TETFUND, NASENI and NITDA which he said are needed to thrive in a rapidly evolving global economy.

In its contribution, the Centre for African Policy Research Advisory, called for the involvement of Nigerians in the implementation of the bills when they are eventually passed into law.

Speaking on behalf of the Centre, Segun Adebayo emphasised the need for the protection of the nation’s tax sovereignty.

“Tax sovereignty refers to a nation-state’s right to control its tax policies. It is closely tied to a country’s ability to govern effectively and democratically,” he said.

One of the lead partners in the dialogue, Project Sprint, in its contribution, said the bills hold the potential to reduce the budget deficit, decrease government dependence on borrowing, curtail tensions across socioeconomic strata, and attract foreign investments.

Coordinator of the group, Isreal James in his speech, pointed out areas of concern in the proposed reforms, saying, “One critical aspect to consider is the microeconomic implications of personal income tax on labour supply.

“Many youths in Nigeria fall within the wage bracket of 70,000 to 150,000 naira per month. Taxing this demographic could have detrimental effects, especially for those on the verge of paying off academic loans and starting their lives.

“As we navigate the modern era, it is crucial to recognise that services such as telecommunications and digital transactions are essential. To disregard these services as non-essential would be a step backwards in our progress.

“We advocate for a reduction in VAT to between 3.5 per cent and 5 per cent to better reflect our GDP per capita. While encouraging states to compete economically to improve their VAT collection is commendable, it is equally important for the Federal Government to empower states to effectively manage their economies. One way to achieve this is through the decentralisation of port construction, ensuring that states have the necessary infrastructure to thrive,” he said.

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Jehovah’s Witnesses announce fresh adjustment to blood transfusion policy

Published

5 hours ago

September 19, 2026

EMMANUEL AGAJI

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The Governing Body of Jehovah’s Witnesses has announced that members can now decide whether to accept or donate the four main components of blood based on their personal conscience.

The organisation made this known in a statement issued by its World Headquarters in Warwick, New York and made available on its website on Friday.

According to the statement, “the decision to accept red cells, white cells, plasma or platelets from another person’s blood is a matter of personal conscience.”

Jehovah’s Witnesses announce adjustment to blood transfusion policy
It added that “each Witness must decide whether or not to donate blood for the clearly expressed purpose of providing components or fractions for use by another person.”

However, the organisation said its position on whole-blood transfusion had not changed.

“The long-standing refusal of whole-blood transfusions on religious grounds, a core teaching based on the command to ‘abstain from blood’ (Acts 15:20), is unchanged,” the statement said.

International spokesman for Jehovah’s Witnesses at the organisation’s World Headquarters, Paul Gillies, said, “Blood remains sacred to Jehovah’s Witnesses, who continue to regard life and blood as precious gifts from God.

“We recognise that medical decisions involving blood components are a matter of conscience between each Witness and their God, Jehovah.”

The organisation said the adjustment “follows earlier updates regarding blood fractions and the use of one’s own blood during medical procedures.”

It added, “Since the Bible does not comment on such decisions, they are a matter of individual conscience. That same reasoning has now been extended to the four main components of blood.”

On medical care, the statement said, “Jehovah’s Witnesses love life and want the best available medical care. They do not practise faith healing, and they seek out doctors who can provide effective treatment in accord with their wishes, values and beliefs.”

Gillies said local congregations would not interfere in members’ personal decisions.

“Congregations do not involve themselves in personal decisions that rest with the individual conscience. We will continue to respect and support the personal decisions of our fellow believers.

“We are grateful, too, for the many skilled and compassionate physicians who provide quality medical care that respects our personal wishes regarding blood,” he said.

The organisation said Jehovah’s Witnesses number “over nine million worldwide, in congregations across more than 200 lands.”

Recall that the religious group had clarified its position on the use of a member’s own blood during surgery and other medical procedures.

The clarification allowed individual Witnesses to decide whether their blood could be removed, stored and returned to them during medical treatment, while the organisation maintained its position against receiving blood from another person.

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Army speaks on Boko Haram, ISWAP attack alert as fake

Published

5 hours ago

September 19, 2026

EMMANUEL AGAJI

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The Nigerian Army has dismissed as fake and unverified a purported intelligence alert warning of planned Boko Haram and ISWAP attacks on schools, churches, mosques, NYSC orientation camps and other public institutions across the country.

Anele said the Army was aware of the circulation and had heightened vigilance across its formations and commands to prevent attacks on vulnerable facilities.

She described the purported intelligence as speculation and urged the public not to treat the document as an official Army security alert.

The response followed the circulation of a document purportedly signed by one A.M. Sodiq, which claimed that Boko Haram and ISWAP were planning coordinated attacks across several parts of the country.

The document listed churches, schools, NYSC orientation camps and other vulnerable locations as possible targets and alleged that suspected ISWAP operatives had begun surveillance of selected locations.

It further claimed that the alleged attacks could coincide with the resumption of the 2026/2027 academic session.

However, the Army disowned the document, maintaining that it did not originate from the institution.

The Army assured Nigerians that security formations remained on heightened alert and were taking necessary measures to protect schools, places of worship and other vulnerable public facilities.

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Police Allegedly Shoot Engine Oil Seller During Minna Protest

Published

13 hours ago

September 19, 2026

EMMANUEL AGAJI

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MINNA, Niger State — An engine oil seller in Minna, the Niger State capital, has reportedly sustained serious injuries after allegedly being shot during a police operation to disperse protesters.

The victim, identified as Ibrahim Mohammed Dada, was reportedly standing outside his shop at Tunga Market when he was struck by a bullet.

Ibrahim’s brother, Yakubu Dada Mohammed, said the victim was not part of the protest and was attending to customers at his engine oil stall when the incident occurred.

According to him, Ibrahim was simply trying to earn a living and support his family when a police officer allegedly fired a shot that hit him in the head and severely injured his face.

«“He was not among those protesting. He was standing in front of his shop selling engine oil when one of the police officers fired a bullet that struck his head and badly injured his face,” Yakubu said.»

Ibrahim is currently receiving treatment at Minna General Hospital, where his condition was reportedly described as critical.

The incident occurred amid protests in Minna over the reported deaths of 37 miners who were allegedly in the custody of the Nigeria Security and Civil Defence Corps (NSCDC).

Reports indicate that 65 miners were arrested on September 15 and 16, with 37 subsequently reported dead while in security custody.

The protests, which began on Thursday, continued into Friday as security personnel moved to disperse demonstrators. Security forces were reportedly accused of using tear gas and live ammunition during the operation.

However, the circumstances surrounding Ibrahim’s shooting have not been independently established.

The Niger State Police Command spokesperson, SP Wasiu Abiodun, appealed for calm and said the incident would be investigated.

The case has since heightened concerns over the conduct of security personnel during the ongoing protests.