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Nigerian Govt To Reintroduce Telecom Tax, Others To Secure $750m Loan From World Bank

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The Nigerian government has drafted a plan to reintroduce the telecommunications tax previously suspended and other revenue-generating measures to secure a $750 million World Bank Loan.

This is according to the recent Stakeholder Engagement Plan for Nigeria – Accelerating Resource Mobilisation Reforms programme between Nigeria and the World Bank.

The document posted on the World Bank’s website showed that the Nigerian government might reintroduce taxes on telecoms, electronic money transaction levies, and other fiscal measures.

The Washington-based World Bank’s contribution of $750 million constitutes a significant portion of the programme’s budget, and the government is expected to contribute $1.17 billion through annual budgetary. Nigeria requested the loan in 2021 but was earlier stopped.

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“Domestic Revenue Mobilisation drive in the government ARMOR program seeks to increase revenue on some targeted industries and sectors of the economy. Specific groups and agencies within affected sectors include the Association of Licensed Telecom Operators of Nigeria: The introduction of excises on telecom services requires that all telcos are mobilised to participate fully in collecting such revenue.

“Committee of Bankers: Introduction of EMT levy on electronic money transfers through the Nigerian Banking System would need the buy-in of all banking institutions”, the document partly reads.

The development comes after President Bola Tinubu, in July 2023, ordered the suspension of the five per cent excise duty on telecommunications and the Import Tax Adjustment levy on certain vehicles.

Recall that the Nigerian government applied for the $750 million loan in 2021 to improve the government’s financial position by enhancing its capacity to manage and mobilise domestic resources effectively, which includes improving tax and customs compliance and protecting oil revenues.

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Sectors affected include manufacturers of goods such as alcoholic beverages, tobacco products, sugar-sweetened beverages, telecom and banking service providers, and the general tax-paying public, importers and international traders.

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Police nab two for attempted theft of two-week-old baby in Abia

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Abia State Police Command has nabbed two suspects for conspiracy, attempted child theft and possession of hard drugs.

The Command which made this known on Saturday, named the suspects as Nzubechi Chinagorom and Chinonso Chibundu, indigenes of Olokoro, Umuahia South LGA of the Abia State.

In a statement signed by DSP Maureen Chinaka, the Police Public Relations Officer, the Command said its officers apprehended the suspects through actionable intelligence, in collaboration with Olokoro vigilante personnel.

She stated that the suspects went to the residence of one Miss Amarachi Chinyereugo and attempted to forcibly take away her two-week-old baby girl.

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DSP Chinaka said that the Nzubechi Chinagorom allegedly stabbed the nursing mother with a kitchen knife during a struggle, causing the baby to fall and hit her head on ground.

The police spokesperson said that the two suspects fled from the scene and ran into a nearby bush on realizing that the nursing mother, Miss Amarachi Chinyereugo cried out for help.

She added that the suspects were later apprehended at a bus stop

where they had reportedly gone to take hard drugs.

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“The mother and child were immediately rushed to the hospital, where they received treatment and have since recovered.

“The suspects were apprehended, exhibits were recovered and investigation has been conducted at the State Criminal Investigation Department (SCID). Suspects will be charged to court on 2/06/2026,” Chinaka said.

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Former Labour Minister Ikenya wins Taraba PDP governorship primaries

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Ex-Minister of Labour and Productivity, SellJoel Ikenya, has been declared winner of the governorship primaries conducted by the Tanimu Turaki-led faction of the Peoples Democratic Party, PDP, in Taraba State.

Mr Felix Hyat, the chairman of the election committee, who announced the results in Jalingo on Saturday, said Ikenya scored 34,173, to defeat Mr Dinshiya Usman, who polled 4,853.

Hyat, who described the exercise as free, fair and transparent, commended the state working committee of the party for the peaceful conduct.

Ikenya, in his acceptance speech, pledged to revive Taraba to her days of glory if elected governor in 2027.

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“I will transform Taraba; I will change the state from salary base, to an industrialised state.

“My desire is to also revive the state infrastructure and attract more investors to boost the economy,” he said.

The governorship candidate, however, denied the allegations of factional PDP in Taraba.

“There is no factional PDP in Taraba; I don’t know where the other people are coming from.

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“PDP in Taraba is one, and we do not have any faction in the state. We are working as one united family to reclaim our mandate from Gov. Agbu Kefas of the All Progressives Congress (APC),” he said.

The News Agency of Nigeria (NAN) reports that, the Nyesom Wike led faction of the party had recently declared senator Emmanuel Bwacha as its governorship candidate in Taraba.

NAN

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2027: ADC flag bearer ,Zakari Mohammed unveils security devt agenda for Kwara

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The governorship flag bearer of the African Democratic Congress (ADC) in Kwara State, Hon. Zakari Mohammed, has called on residents of the state to make what he described as a decisive choice between complacency and progress ahead of the 2027 governorship election.

Speaking in a statement titled “Kwara 2027: A Food for Thought and a Point of Decision,” Mohammed outlined his vision for transforming Kwara into a leading commercial, agricultural, and investment destination in Nigeria through strategic leadership, enhanced security, and economic development.

The ADC candidate expressed appreciation to the leadership and members of the party across the state’s 16 local government areas for entrusting him with the governorship ticket, describing the confidence reposed in him as both humbling and a significant responsibility.

According to him, the state possesses enormous untapped potential owing to its strategic location as a gateway between Northern and Southern Nigeria.

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“Kwara State is uniquely blessed. By geography and history, we are the gateway between Northern and Southern Nigeria. This strategic location places us at the crossroads of commerce, agriculture, transportation, and investment,” he said.

Mohammed noted that with purposeful leadership, Kwara could emerge as a logistics and commercial hub capable of attracting industries, agro-processing facilities, transportation infrastructure, and investments that would generate employment opportunities and wealth for residents.

He, however, identified insecurity as a major obstacle to economic growth, stressing that sustainable development could only thrive in a secure environment.

“No economy can thrive where insecurity persists. Investors do not invest where there is fear. Farmers cannot cultivate their lands where they feel unsafe. Communities cannot prosper when criminal elements threaten lives and property,” he stated.

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Drawing on his academic background and experience in Defence and Security Studies, Mohammed said his administration, if elected, would prioritise the establishment of a comprehensive security architecture across the state.

The ADC candidate also promised to deploy technology-driven security measures, enhance coordination among stakeholders, and support lawful community policing initiatives aimed at restoring peace and confidence in communities.

Mohammed lamented the growing threats posed by criminality, banditry, kidnapping, and other forms of insecurity, noting that Kwara’s longstanding reputation as one of Nigeria’s most peaceful states must be preserved.

“We shall reclaim every space threatened by insecurity and restore confidence among our people,” he declared.

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On governance, Mohammed described the ADC as a party founded on the principles of accountability, transparency, inclusiveness, and people-centred leadership.

He said his candidacy represented competence, experience, independence, and a commitment to the welfare of Kwarans, adding that he was entering the race without political encumbrances.

“The election before us is not merely a political contest. It is a defining choice between complacency and progress, between managing challenges and solving them, between unrealised potential and shared prosperity,” he said.

The governorship hopeful further envisioned a state where security drives economic growth, agriculture serves as a catalyst for development, industries create jobs, education empowers young people, and government remains accountable to citizens.

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He urged residents across ethnic, religious, and political divides to unite behind competent and visionary leadership capable of addressing the state’s challenges and unlocking its vast potential.

“The time has come to move Kwara from potential to performance, from uncertainty to confidence, from insecurity to peace, and from promises to prosperity,” Mohammed said.

He concluded by urging Kwarans to seize what he described as a defining moment in the state’s history and collectively chart a new course towards sustainable development and shared prosperity ahead of the 2027 election.

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