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FG inaugurates panel for capital gains tax rollout
The Federal Government has inaugurated the National Tax Policy Implementation Committee to guide the rollout of the newly enacted capital gains tax provisions in a more predictable, market-aligned manner.
The move follows months of engagements with key capital market institutions, including the Securities and Exchange Commission and the Nigerian Exchange Group, reflecting the government’s growing recognition of the market’s role in driving liquidity, price discovery, and long-term capital formation.
Chaired by tax and fiscal policy expert Joseph Tegbe, the committee has been mandated to ensure clarity, transparency, and coherence in the implementation process. Its terms of reference include producing clear guidelines, undertaking broad stakeholder consultations, and developing an execution model that avoids market disruption while protecting investors.
Speaking at the inauguration, Tegbe said the government would not introduce policies in a way that distorts market activity or discourages investment. “Implementation of the new tax laws will be fair, transparent and humane. We will not roll out these policies in a way that cripples businesses or investors. Stakeholder engagement will be central to this process,” he said.
The shift in government posture follows sustained engagements by the NGX Group and the SEC, during which market operators highlighted the potential consequences of an abrupt CGT rollout on liquidity, investor confidence, and market competitiveness.
Group Managing Director and CEO of NGX Group, Temi Popoola, commended the government’s consultative approach. He noted that the exchange, working with the SEC, has consistently advocated for a data-driven method that balances fiscal objectives with the need to preserve market depth and participation.
“We support the modernisation of Nigeria’s tax system, but reforms of this scale must be carefully calibrated to protect liquidity, sustain participation and maintain competitiveness,” Popoola said.
Government consultations deepened after the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, visited NGX Group, where operators emphasised the risks associated with a rapid rollout of the tax. Analysts describe the inauguration of the committee as a positive signal for investors, suggesting fiscal reforms will now be anchored on evidence, consultation, and market realities.
Both the SEC and NGX Group have pledged to continue working with the committee to ensure that the eventual implementation of the capital-gains-tax provisions strengthens investor confidence, broadens participation, and aligns with long-term capital-market development goals.
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Foreign Policy Begins at Grassroots, Enikanolaiye Tells LG, Traditional Rulers
By Gloria Ikibah
Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, has said Nigeria’s grassroots development and mobilisation are central to the country’s foreign policy projection and international image.
The Minister stated this on Tuesday in Abuja while delivering a goodwill message at the 2026 maiden National Conference of the 774 Local Government Chairmen and Chairmen of Traditional Rulers’ Councils at the State House Banquet Hall.
The conference, convened by the Federal Ministry of Special Duties and Inter-Governmental Affairs, was themed, “Cascading President Bola Ahmed Tinubu’s Renewed Hope Agenda to the Grassroots.”
Enikanolaiye said policies implemented at the local level could have implications for Nigeria’s image and relations with other countries.
He said: “For us in the Ministry of Foreign Affairs, we believe that every aspect of our government policy at home has implications for foreign policy and Nigeria’s international relations. Which is why we are interested in everything that goes on domestically because foreign policy is also a projection of domestic policy. And in this context, grassroots mobilization and development is critical to what we do abroad”.
He argued that inclusive governance should be built from the grassroots upwards, rather than imposed from the top, while describing traditional rulers as an important component of Nigeria’s governance structure.
Enikanolaiye commended President Bola Ahmed Tinubu for approving the conference and for recognising the roles of local governments and traditional rulers in the ongoing constitutional amendment process.
Linking his remarks to President Tinubu’s four-D foreign policy doctrine of demography, development, democracy and diaspora, the minister said the success of the Renewed Hope Agenda would ultimately depend on its impact at the grassroots.
On demography, he said Nigeria’s youthful population across the 774 local government areas represented a major asset that could strengthen the country’s position globally if properly empowered.
“On Demography, Nigeria’s youth in the 774 LGAs is our greatest global asset – empower the LGAs, convert numbers to power,” he said.
On development, Enikanolaiye said productive local governments were essential to achieving Nigeria’s economic ambitions, citing agriculture, mineral resources and major infrastructure projects as areas with potential to attract foreign investment.
“On Development, a $1 trillion economy is impossible without productive LGAs. With agriculture booming, 44+ minerals across 500 sites, and massive infrastructure like the Lagos-Calabar and Sokoto-Badagry highways, grassroots stability is what attracts FDI,” he stated.
The minister also linked stronger local governance to democracy, saying empowered local governments and traditional institutions would demonstrate the practice of participatory governance.
“Speaking On Democracy, empowering LGAs and traditional rulers proves Nigeria practises real, bottom-up democracy,” he said.
On the diaspora component of the doctrine, Enikanolaiye said improved conditions at home could encourage Nigerians living abroad to invest in the country and promote a positive image of Nigeria internationally.
“On Diaspora, when home is secure and working, the Diaspora will invest and sell the Nigerian story with confidence,” he noted.
He said the Ministry of Foreign Affairs would support the foreign policy component of grassroots development through investment matchmaking via Nigeria’s 110 diplomatic missions abroad and partnerships with Nigeria’s international partners.
The ministry, he added, would also leverage the community-level knowledge of traditional rulers in support of national security.
In a separate goodwill message, the Head of the Civil Service of the Federation, Mr Olumuyiwa Enitan Abel, represented by Dr Vitalis Obi, said local governments remained the closest tier of government to the people and were central to service delivery.
He also described traditional rulers as important actors in peacebuilding and reaffirmed the commitment of the civil service to accountability and measurable results.
Earlier, the Permanent Secretary, Special Duties and Inter-Governmental Affairs, Dr Onwusoro Maduka Ihemelandu, said the government lacked timely and verifiable data on interventions at the local government level.
He said the ministry had consequently developed an E-Tracking Framework to monitor projects, including their locations, values, timelines and verification status.
News
*PIGD Calls For United Response To Plateau Violence*
The National Coordinator of the Plateau Initiative for Growth and Development (PIGD), Nengak David, has appealed to residents to remain vigilant and help prevent further violence following renewed attacks in the state.
David urged people with credible information about threats, armed movements or plans for reprisals to alert the police or trusted community leaders promptly, without putting themselves in danger.
“Vigilance means recognising a threat and reporting it early. Tell the authorities where and when you saw it, and give only what you know firsthand. Do not approach armed people or attempt to confront them,” he said.
The appeal follows attacks in Barkin Ladi and Mangu. Plateau police confirmed the deaths of a senior officer and three civilians in separate incidents in Barkin Ladi, while a community group reported the killing of three men in Mangu.
David called on residents to reject reprisals and resist attempts to blame entire ethnic or religious communities for crimes committed by individuals.
“Every killing must be investigated, and those responsible must answer for it. Another innocent family must not suffer because someone chooses revenge or blames a whole community,” he said.
He urged traditional rulers, religious leaders, women and youth representatives to bring emerging disputes to trusted mediators before tensions escalate. The United Nations Development Programme has identified local mediation and early warning as ways communities can help prevent conflict.
The PIGD coordinator also cautioned against circulating old videos, unverified casualty figures and inflammatory claims. “Before forwarding a frightening message, check when and where it was recorded. A false claim can spread fear and provoke harm long after the truth catches up,” he said.
David asked residents of Barkin Ladi, Bokkos and Mangu to observe the state’s 6 p.m. to 6 a.m. curfew and motorcycle ban, announced to remain in effect until further notice. He also appealed for food, shelter and other assistance to reach affected neighbours through trusted local groups, regardless of their background.
“Residents can share information and refuse provocation. Government, in turn, must act on credible reports, protect those who come forward and investigate every killing fairly,” David said.
News
2027: Tinubu’s good governance ‘ll secure FCT victory – Wike
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has expressed confidence that the visible achievements of President Bola Tinubu’s administration will secure victory for the ruling party, All Progressives Congress (APC) in the FCT during the 2027 general elections.
Wike, who stated this after inspecting the ongoing Apo-Karshi and Bwari-Kubwa road projects, stressed that good governance remains the most reliable metric for political success.
He said that the administration’s performance in infrastructure delivery, particularly in long-neglected satellite towns, leaves the opposition with nothing to offer voters beyond empty stories.
He argued that the tangible results on the ground make an unassailable case for President Tinubu’s re-election, including Sen. Philip Aduda (FCT) and House of Representatives candidate John Gabaya (Bwari Federal Constituency).
He said; “If good governance is a barometer to measure whether a government has succeeded or not, then we have nothing to fear.
“Now, the Tinubu administration has come and it’s not only listening to you, it’s not only caring for you, it’s solving your problems. Why will they want to change their mind?”
Dismissing opposition rhetoric, the minister said; “This is the campaign. The people who will come, what will they come with?
“They will tell them stories. But we have not come with stories, we have come with facts, verifiable facts. I can beat my chest, I can close my eyes and go home and sleep with my two eyes closed, that Tinubu will emerge. I have no fear at all.”
The minister pointed out that Tinubu’s Renewed Hope Agenda has shifted development priorities beyond the city centre to directly touch satellite communities.
“The Renewed Hope administration has redefined infrastructure delivery as far as FCT is concerned, not just within the city, but also within the satellite towns.
“We thank God Almighty that has given us a President who has come to listen and to change the narrative that development must not only be concentrated within the city centers, but also spread in the satellite towns,” he said.
Speaking on the projects, Wike said the long-delayed Apo-Karshi road project was on course for completion in November.
He also said that the dualisation of the Bwari-Kubwa road, where residents turned out in large numbers to welcome his delegation, would also be delivered in December.
“Work on site is set to intensify by the first week of October as seasonal heavy rains abate,” he said.
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