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Oyedele: 98% of workers to be exempted from PAYE

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Majority of Nigerian workers will not pay tax on what they earn when the new law takes effect in January.

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, said about 98 per cent of Nigerian workers will be exempted from Pay-As-You-Earn (PAYE) .

Oyedele spoke during a session at the ongoing 31st Nigerian Economic Summit (NES31) in Abuja.

Under the new tax structure, he said, poor Nigerians would be exempted from personal income tax, while high-net-worth individuals would be subject to higher rates.

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“The poor will not pay personal income tax,” he said.

“Those who earn more and have greater means will pay more. That is how fairness works in a modern economy.”

Oyedele stated that small and low-income companies would also enjoy tax exemptions to strengthen their operations and create more jobs.

He said: “We are considering tax-exempt stickers for nano businesses to protect them from harassment by state and local government officials.

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“These are the smallest operators — street vendors, petty traders, artisans — they should be allowed to thrive.”

He explained that the tax reforms are designed to protect low-income earners and those living around the poverty line, while ensuring a more equitable and efficient tax system.

“The more inequality you create, the more time bomb you have,” Oyedele said.

“These reforms are designed to strengthen governance around revenue generation, improve accountability, and ensure that tax revenues are effectively utilised.”

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According to him, the comprehensive tax reforms, which form part of President Bola Tinubu’s broader fiscal policy agenda, aim to enhance Nigeria’s sovereign credit rating, lower borrowing costs for both government and businesses, and stimulate private-sector investment.

Oyedele said the reform effort was not without personal risk, revealing that he had received death threats because of his role in driving the initiative.

“Reform is tough,” he said. “I have suffered all kinds of things, including death threats. But I am not scared. I recently celebrated my 50th birthday.

“Even if anything happens, I have done my bit. The reforms belong to Nigerians. The reforms don’t belong to Mr. President.”

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He said the reforms seek to build a fairer system in which wealthy individuals and large corporations contribute more to the country’s development.

“If we don’t pay our taxes in an orderly manner, we’ll pay them in a disorderly manner.

“We’ve seen that in the past few years with over N30 trillion printed, which is part of the inflation we’re dealing with and the devaluation of the naira.

“We don’t want that to happen. We’ve seen countries like Zimbabwe where prices double every other day.”

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Responding to concerns that state and local governments might resist the reforms, Oyedele assured that members of the Joint Tax Board (JTB), representing all 36 states and the FCT, were fully part of the committee’s deliberations and had expressed support for the new framework.

According to him, the new system would not deprive states of revenue but would, in fact, help them earn more from the Federation Account without burdening vulnerable citizens.

“Last year, all the states generated N3.36 trillion from taxes imposed on their people,” he said.

“If that N3.36 trillion is not generated in 2026, the states will not do worse. We are convinced that no state will be bankrupt. We can’t do better by not taxing our most vulnerable.”

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Oyedele cited recent improvements in national revenue distribution as evidence that the fiscal reforms were already beginning to yield results.

“Last month, the Federation Account Allocation Committee (FAAC) shared N2.2 trillion to the three tiers of government,” he said.

He also criticised outdated and regressive tax provisions that burden the poor, citing examples such as the so-called “wheelbarrow tax.”

“Some of the tax provisions in our constitution are retrogressive,” Oyedele said.

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“How will you ask anyone to pay wheelbarrow tax? That is why we have sent ten amendment proposals to the National Assembly to amend sections that need to change in line with the tax reforms.”

According to him, the committee is also working on expenditure reforms to ensure that tax revenues are used efficiently and transparently.

“We have worked on the expenditure side,” he explained.

“We are working seriously on fiscal regimes to ensure transparency and prudence in government expenditure so that Nigerians get full benefits of their taxes.”

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Nigeria-UN Renew Push For  Africa’s Growth

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By Gloria Ikibah

Nigeria and the United Nations have reaffirmed their commitment to deepening cooperation on Africa’s development, democratic governance, women’s leadership and regional economic integration following high-level talks in Abuja.

The Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, received the Regional Director for Africa at the United Nations Development Programme (UNDP), Ahunna Eziakonwa, on Monday, where both sides reviewed the long-standing partnership between Nigeria and the United Nations and explored fresh areas of collaboration.

During the meeting, Odumegwu-Ojukwu congratulated Eziakonwa on her appointment as a United Nations Assistant Secretary-General, describing the elevation as a milestone for both Nigeria and Africa.

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“Your appointment is a source of pride for Nigeria and the African continent. It reflects your distinguished contributions to international development, and Nigeria remains committed to strengthening its longstanding partnership with the United Nations in advancing sustainable development, democratic governance and regional prosperity,” the minister said.

The discussions focused on democratic governance, sustainable development, regional integration and peacebuilding, while also reviewing Nigeria’s foreign policy priorities under the government’s 4-Ds framework of Development, Democracy, Demography and Diaspora.

Briefing the minister, Eziakonwa highlighted the outcome of the recently concluded regional dialogue on the implementation of the African Continental Free Trade Area, which Nigeria hosted in partnership with the UNDP.

She lauded Nigeria’s leadership in advancing regional economic integration and stressed that the country’s role remains central to the success of the continental trade agreement.

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“Nigeria’s leadership in promoting regional economic integration is commendable. The country’s active participation is indispensable to the success of the AfCFTA.

“Nigeria continues to play a growing role in shaping Africa’s development agenda, and UNDP stands ready to support the Federal Government in advancing inclusive economic growth, entrepreneurship, innovation, and policies that strengthen regional value chains and intra-African trade,” Eziakonwa said.

The meeting also spotlighted efforts to expand opportunities for women and young people across the continent.

Eziakonwa outlined the achievements of the UNDP Regional Leadership Programme, which mentors promising young African women through leadership development, networking and engagement with accomplished leaders. She invited the foreign minister to serve as a mentor and speaker for future cohorts, saying her experience in public service would inspire the next generation of female leaders.

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She also invited Odumegwu-Ojukwu to participate in a high-level gathering of African women leaders scheduled for August.

Responding, the minister welcomed the initiative and reaffirmed Nigeria’s support for programmes that expand women’s participation in politics and leadership while creating opportunities for young people.

“Nigeria firmly supports programmes that promote women’s political participation, leadership development and youth empowerment. Investing in the next generation of African leaders remains essential to achieving sustainable peace, democratic governance and inclusive development across the continent,” Odumegwu-Ojukwu said.

She further reaffirmed Nigeria’s commitment to working closely with the United Nations and the UNDP to accelerate the implementation of the United Nations Sustainable Development Goals and the African Union’s Agenda 2063.

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Both parties also exchanged views on regional and global developments, emphasising that stronger multilateral cooperation, resilient institutions, inclusive governance and innovative partnerships remain critical to addressing Africa’s evolving development challenges.

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Photos: Delivery of road infrastructure fortifying Kwali as FCT’s agric. hub – Tinubu

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President Bola Tinubu has said that the delivery of road infrastructure across Kwali Area Council of the Federal Capital Territory (FCT) was fortifying the area as a food-producing hub for the territory.

Tinubu, represented by Senate President Godswill Akpabio, stated this in Dafa on Tuesday, while inaugurating the newly constructed Gomani-Dafa-Yangoji Road by the FCT Administration.

The president said that with the opening of the road corridor, farmers could move produce faster, buyers could reach the farms without delay and post-harvest losses would drop significantly.

He added that more importantly, Kwali could now stand on its own as a food-producing hub for the FCT and beyond.

According to Tinubu, roads like this keep families together by giving them reasons to stay at home and to build their lives at home.

“When we set out under the Renewed Hope Agenda, we agreed on one thing: development must reach every Nigerian; not just those at the city centre.

“Abuja cannot be a city of two worlds, with gleaming district lights but forgotten satellite towns. This road connects Gomani, Dafa and Yangoji to markets, to schools, to hospitals, and also to opportunities.

“It says clearly that the wealth of this nation belongs to all of us. Whether you live on a boulevard or you live on a farm track, you must take part in the wealth of this nation.”

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He noted that for too long, the strength of rural communities was held back by poor access roads, with crops rotting away before reaching the market.

He added that young people left rural communities because the roads to their areas were impossible, stressing that instead of taking them up, the roads were bringing them down.

“Those things have changed today,” he said.

He commended the FCT Minister, Mr Nyesom Wike, for the purposeful leadership in delivering life-impacting projects across the city.

“Wike, you took my advice seriously, open up the area councils and match city development with rural development. You have earned us that trust here in this community and in this local government area,” Tinubu said.

In his remarks, Wike explained that the road projects were initiated following a request by Etsu Kwali, Luka Nizassan III, during a community engagement with stakeholders in the area to identify areas of need.

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The minister explained that the community engagement was in adherence to Tinubu’s directive, to meet with community members, discuss and agree on areas that need government intervention.

According to him, the meeting was the first community engagement to entrench community participation in projects nomination for implementation in the area council.

“I remembered during the meeting, the traditional ruler of Kwali mentioned these three roads: A2 to Pai, Pai to Gomani, Gomani to Dafa and Dafa to Yagboji, which is about 43 kilometers.

“Today, to the glory of God, all our promises to them have been fulfilled.”

Wike also recalled that Tinubu had directed that development should not be concentrated in the city centre but should be extended to satellite towns.

“Since we commenced the inauguration of projects on June 9, this is the fourth project being inaugurated in satellite towns and rural communities,” he said.

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Earlier, Mr Abdulkadir Zulkiflu, Coordinator, Satellite Towns Development Department, said that the project was awarded in November 2025, adding that the Gomani-Dafa-Yangoji Road is a part of the 43.4-kilometre FCT secondary regional road.

Zulkiflu said that the road commenced from the Abuja-Lokoja Expressway (A2) and traverses through Pai to Gomani and terminates at Yangoji town, making a crescent of road with entry and exit at two different points of the expressway.

“The first segment of this road is A2 to Pai, which is about 15-kilometre and was completed and inaugurated in June, 2025 to celebrate Tinubu’s second year in office.

“The second segment of the road, which is from Pai to Gomani with 15.4-kilometer of length, is still ongoing.

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“Here we are today, inaugurating the third and the last segment of the road, Gomani to Dafa to Yangoji, which is about 13-kilometre long and connects Abuja-Lokoja Expressway at the second point,” he said.

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FG inaugurates National Laureate Committee, unveils ₦365m Annual Research Prize for Nigerian Students

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In what education stakeholders are describing as one of Nigeria’s most ambitious attempts to reposition scholarship, innovation and research as national priorities, the Federal Government on Monday inaugurated the Tertiary Institutions National Laureate Committee.

The Committee will set in motion a new annual award programme that will reward outstanding undergraduate, master’s and doctoral research with prizes valued at approximately ₦365 million.

The Committee was inaugurated by the Honourable Minister of Education, Dr Tunji Alausa, CON, at the Digital Resource Centre of the Universal Basic Education Commission (UBEC). It will oversee the implementation of the National Laureate Programme, a flagship initiative designed to elevate academic excellence to the highest level of national recognition while promoting research commercialisation and innovation across Nigeria’s accredited post-secondary and tertiary institutions.

Speaking at the inauguration, Dr Alausa said the programme represented a deliberate effort by the Federal Government to reshape the country’s reward system. According to him, it will place scholarly achievement, scientific discovery and innovation alongside other nationally celebrated accomplishments.

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The Minister said the initiative seeks to inspire a new generation of young Nigerians to pursue research capable of solving real-world problems, creating new industries and strengthening the nation’s global competitiveness.

“The future prosperity of nations will increasingly depend on their ability to convert knowledge into economic value,” the Minister said. He noted that Nigeria must deliberately celebrate intellectual achievement if it hopes to build a globally competitive knowledge economy.

Alausa observed that in an era increasingly dominated by the social media-driven “attention economy”, the Federal Government considered it necessary to establish a national platform. The platform will reward creativity, scholarship, invention and commercially valuable research, particularly among young people.

The newly inaugurated Committee comprises the following members:

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Professor Abubakar Sambo, OON, President of the Nigerian Academy of Science, as Chairman; Professor Solomon Nwhator of Obafemi Awolowo University, Ile-Ife; Professor (Mrs.) Tolulope Ariyomo of the Federal University Oye-Ekiti; Professor Francis F. Uba of the Federal University of Health Sciences, Otukpo; Dr Babangida Abubakar Albaba, representing the National Board for Technical Education (NBTE); Dr Salihu Bakari Girei, representing TETFund; Professor (Mrs.) Carol Arinze-Umobi of Nnamdi Azikiwe University; Dr (Mrs.) Obianuju Anigbogu, representing the Federal Ministry of Education; Mr. Francis Egbokare, representing the Nigerian Academy of Letters; Dr Ezinne Orisakwe, representing the National Universities Commission (NUC); and Dr Pius O. Ekireghwo, representing the National Commission for Colleges of Education (NCCE).

Mr Richard Falaye, Secretary of the Nigeria Education Repository and Databank (NERD), will serve as Secretary to the Committee.

The inaugural National Laureate Awards are scheduled for November 2026. The awards will recognise the country’s finest Undergraduate Dissertations, Master’s Theses and Doctoral (PhD) Theses, alongside six thematic Excellence Awards. The thematic categories cover Medicine and Health Sciences, Engineering and Technology, Agriculture, Law, Arts and Social Sciences, and Teaching Innovation.

Under the approved prize structure, the winner of the Undergraduate Dissertation category will receive ₦35 million, while the best Master’s Thesis will attract ₦50 million. The overall winner in the Doctoral (PhD) category will receive ₦100 million.

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In addition, six National Laureate Excellence Awards, each valued at ₦30 million, will be presented annually. This brings the programme’s total prize pool to approximately ₦365 million.

The Minister also announced the establishment of the Dr Stella Adadevoh Excellence Award in Medicine and Medical Innovation. The award, one of the programme’s special awards, honours the late physician whose leadership during the 2014 Ebola outbreak helped prevent a national public health catastrophe.

He further directed the Committee to conclude its work on eligibility requirements, evaluation procedures and institutional engagement in good time. This is to ensure the successful hosting of the inaugural National Laureate Awards in November.

Dr Alausa also used the occasion to commend Engr Olatunji Ariyomo, Chairman of NERD, for his innovative contributions towards transformative interventions within Nigeria’s education sector.

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Responding on behalf of the Committee, its Chairman, Emeritus Professor Abubakar Sambo,, described the initiative as a historic turning point in the nation’s education policy. He praised President Bola Ahmed Tinubu’s administration for placing academic excellence and research at the centre of national development.

Professor Sambo pledged that the Committee would uphold the highest standards of transparency, fairness and merit throughout the selection process. He commended Dr Alausa for leading a national revolution to reward and promote innovation and its commercialisation.

He assured the Minister that every eligible student, irrespective of institution or geographical location, would have an equal opportunity to attain National Laureate status. The process, he said, would be insulated from institutional favouritism and other extraneous considerations.

Education analysts say the National Laureate Programme could become one of the most consequential reforms in Nigeria’s tertiary education landscape if successfully implemented. Beyond its substantial prize fund, they argue that the initiative signals a shift in national priorities — from prioritizing social media celebrity culture to deliberately recognising ideas, discoveries and innovations capable of driving economic transformation.

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The programme is expected to deepen collaboration between universities, polytechnics, colleges of education, industry and government. It will also create stronger incentives for commercially viable research and position Nigeria to compete more effectively within the global knowledge economy.

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