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Nigeria Struggles With 6% Tax GDP Ratio – Speaker Abbas

Published

2 years ago

November 18, 2024

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…say Reps has not take any definitive position on tax reform bills

….as presidency say bills not designed against any region

By Gloria Ikibah

The Speaker of the House of Representatives, Rep. Abbas Tajudeen, has expressed concerns over Nigeria’s tax-to-GDP ratio, which currently stands at a mere 6 per cent.

The Speaker noted that this figure was significantly below the global average and the World Bank’s recommended minimum benchmark of 15 per cent necessary for sustainable development, despite Nigeria being Africa’s largest economy.

Abbas stated this at an interactive session on Tax Reform Bills at the National Assembly Complex on Monday in Abuja.

He stated, “Nigeria, despite being Africa’s largest economy, struggles with a tax-to-GDP ratio of just 6 per cent, far below the global average and the World Bank’s minimum benchmark of 15 per cent for sustainable development. This is a challenge we must address if we are to reduce our reliance on debt financing, ensure fiscal stability, and secure our future as a nation.”

The Speaker highlighted the importance of the proposed tax reforms in diversifying Nigeria’s revenue base, ensuring equity, and fostering an environment conducive to investment and innovation.

“The proposed tax reform bills aim to diversify our revenue base, promote equity, and foster an enabling environment for investment and innovation. However, as representatives of the people, we must approach these reforms thoughtfully, understanding their potential implications for every segment of society.

Taxes should be fair, transparent, and justifiable, balancing the need for public revenue with the burdens they impose on individuals and businesses”, Abbas added.

Acknowledging public concerns and debates surrounding the bills, Speaker Abbas emphasized the need for thorough deliberation and clarification of contentious issues.

“The controversies surrounding these bills, whether in the media, civil society, or among governance stakeholders, are a reflection of their importance.

Such debates are healthy and necessary in a democracy, and this session aims to channel those discussions into productive outcomes. It is critical that we listen to diverse perspectives, ask probing questions, and seek clarity on any unclear provisions,” he stated.

He reassured Nigerians that the House has not yet adopted a position on the bills and is committed to ensuring that the final legislation serves the best interests of the nation. “The House has not yet taken a definitive position on these bills. Our role is to scrutinise them thoroughly, ensuring they align with the best interests of our constituents and the nation at large. We owe this duty to Nigerians,” he said.

The Speaker also stressed the importance of balancing national interests with the needs of citizens, reiterating that “Taxes should be fair, transparent, and justifiable, balancing the need for public revenue with the burdens they impose on individuals and businesses.”

Rep. Abbas underscored the significance of pre-legislative scrutiny as a vital parliamentary practice to resolve ambiguities and ensure alignment with constitutional provisions, and described the interactive session as an opportunity for lawmakers to engage with experts and stakeholders to better understand the potential implications of the proposed reforms.

Addressing the session, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, clarified that the proposed tax reform bills were not designed to undermine or marginalize any region.

Iyedele emphasized that the reforms aim to enhance efficiency and boost revenue allocation to states based on consumption patterns.

He explained, “Currently, under Section 40 of the VAT Act, VAT revenue is allocated 15 per cent to the Federal Government, 50 per cent to the States and FCT, and 35 per cent to Local Governments. There is no negative thinking about any region or anything.”

Oyedele outlined key aspects of the reforms, which include amendments to income tax laws to support remote work opportunities, particularly in the global business process outsourcing sector.

Other provisions include tax exemptions for small businesses with an annual turnover of N50 million or less, alongside initiatives aimed at boosting exports and promoting the digital economy to create more opportunities for Nigerian youths.

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Insecurity: Gunmen abduct ex-Defence spokesperson Maj-Gen Rabe Abubakar, wife in Katsina

Published

11 minutes ago

May 30, 2026

Kayode Sanni-Arewa

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By Kayode Sanni-Arewa

Suspected bandits have kidnapped retired Major General Rabe Abubakar, former Director of Defence Information, and his wife on Matazu Road in Katsina State.

Security sources told PRNigeria that the couple was ambushed on Saturday morning, May 30, 2026, while travelling in a red Peugeot 504 saloon car.

The gunmen intercepted the vehicle and whisked the retired officer and his wife to an unknown location.

The driver escaped with gunshot wounds and is receiving treatment at a nearby hospital, a security source said.

The former DDI and his wife were waylaid by armed men on the route. The driver escaped with gunshot injuries and is receiving medical attention,” the source stated.

Security forces have launched search-and-rescue operations and deployed intelligence assets to track the abductors, according to the source. Official confirmation from the military was still pending at press time.

—Rising concern in Katsina—

The abduction comes amid persistent insecurity in parts of Katsina despite ongoing military operations against bandit groups in the North-West.

In recent years, several serving and retired security personnel have been targeted on highways linking Katsina to neighbouring states. PRNigeria reports that criminal groups now see high-profile individuals, including retired military officers, as lucrative targets.

Maj-Gen Abubakar served as Director of Defence Information and was one of the Nigerian military’s most visible spokespersons during the counterinsurgency campaign against Boko Haram.

The incident is expected to renew calls for stronger security along major highways and rural communities in Katsina, where residents continue to face kidnapping and banditry.

Credit :PRNigeria

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

Published

1 hour ago

May 30, 2026

EMMANUEL AGAJI

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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.

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.

“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

Published

1 hour ago

May 30, 2026

EMMANUEL AGAJI

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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.

“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.

“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