Connect with us

News

Nigeria Needs Comprehensive Reforms To Expand Its Tax Base – Speaker Abbas

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad
…say we’re consulting stakeholders to address concerns of 4 tax bill
…assure NASS will ensure equity, protection of vulnerable Nigerians
By Gloria Ikibah
Speaker of the House of Representatives Rep. Tajudeen Abbas has said that Nigeria needs “comprehensive tax reforms to broaden the nation’s tax base.
Speaker Abbas stated this while delivering the votes of thanks during the presentation of the 2025 budget to a joint session of the National Assembly by President Tinubu, said that the leadership of the House has commenced a series of engagements with the relevant stakeholders to address the concerns raised on the four tax reform bills transmitted to the National Assembly by President Bola Ahmed Tinubu.
He reiterated the commitment of the House, and indeed the National Assembly to ensure equity and the protection of vulnerable Nigerians.
He said, “Nigeria’s low tax revenue also remains a major constraint. Our tax-to-GDP ratio, currently at approximately 10.9 per cent for 2024, is among the lowest in Africa, significantly below the continental average of 15.6 per cent. In comparison, South Africa’s tax-to-GDP ratio stands at 25.4 per cent, while Rwanda and Ghana, with much smaller populations, report ratios of 15.1 per cent and 14.1 per cent, respectively.
“Even our VAT collection efficiency – at approximately 20 per cent – is notably below the near 70 per cent efficiency achieved by South Africa, Equatorial Guinea, and Zambia.”
“Addressing these challenges requires urgent and comprehensive tax reforms to broaden our tax base, improve compliance, streamline administration and reduce reliance on borrowing.”
Speaker Abbas, therefore, stated the preparedness of the National Assembly to work with the President Tinubu-led administration towards achieving the required reforms.
“The National Assembly will continue to work with your administration to ensure that such reforms are equitable, effective, and considerate of the needs of vulnerable populations.
“To this end, we have engaged stakeholders to address concerns raised on the tax reform bills, fostering trust and cooperation. I have personally led numerous high-level meetings and consultations with state governors and other key stakeholders on this issue, achieving positive outcomes”, he added
According to Speaker Abbas, the reforms by the Tinubu administration have “disrupted the status quo, sparking resistance from vested interests.”
He added: “Yet, these courageous measures underscore your resolve to prioritise the welfare of Nigerians.”
“The National Assembly stands ready to support these reforms through legislative backing and to facilitate public engagement for greater understanding and acceptance.”
He stated that collaboration between the three arms of the government remains essential to achieving the shared objectives.

News

I Begged Kwankwaso To Be Peter Obi’s Running Mate – Aisha Yesufu

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

A member of the Nigeria Democratic Congress (NDC), Aisha Yesufu, has said she begged former Kano State Governor, Rabiu Kwankwaso, to become Peter Obi’s running mate four years ago.

Yesufu disclosed this in a post on 𝕏 on Wednesday, while reaffirming her support for the Obi-Kwankwaso ticket.

The activist said some political developments take longer than expected, but insisted she would not be distracted.

“Some things in life take longer than they should. Like the saying goes, better late than never.

Advertisement

“4 years ago I literally begged @KwankwasoRM to be Peter Obi’s running mate.

“Now that it is happening, you think I am going to be distracted? No way. Let’s get it done,” she wrote.

In other news, Yesufu challenged the Department of State Services (DSS) over its involvement in the prosecution of African Action Congress (AAC) presidential candidate, Omoyele Sowore.

The DSS had said it filed charges against Sowore under the Cybercrimes Act over a social media post in which he allegedly referred to President Bola Tinubu as “this criminal.”

Advertisement

The agency also maintained that Sowore’s remand followed court proceedings, adding that it neither arrested him nor opposed his bail.

Reacting to the development, Yesufu said Tinubu should seek redress in court if Sowore’s statement is false or defamatory, rather than involving the DSS.

She also criticised DSS’s focus on the matter amid the country’s security challenges.

Advertisement
Continue Reading

News

EFCC To Arraign Miyetti Allah Leader Over Alleged $2.53 Million Laundering

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

The Economic and Financial Crimes Commission (EFCC) is set to arraign the President of Miyetti Allah Kautal Hore, Bello Bodejo, before the Federal High Court in Abuja over alleged terrorism financing and money laundering involving about $2.53 million.

The EFCC filed a 12-count charge against Bodejo on June 22, 2026.

In a statement on Wednesday, the commission’s spokesman, Dele Oyewale, said Bodejo was accused of accepting multiple cash payments from a former Accountant-General of Bauchi State, Sa’idu Abubakar, without routing the transactions through a financial institution.

One of the counts alleged that Bodejo accepted $100,000 in cash from Abubakar on January 11, 2022, in Abuja.

Advertisement

The EFCC also alleged that Bodejo received $200,000 on January 21, 2022; $980,000 on February 7, 2024; and $500,000 on March 20, 2024.

The charge read, “That you, BELLO ABDULLAHI BODEJO, on or about the 7th day of February 2024, at Abuja, within the jurisdiction of this Honourable Court, did knowingly and willfully, without lawful authority or excuse, accept a cash payment of the sum of Nine Hundred and Eighty Thousand United States Dollars (USD $980,000.00) in physical currency from one SA’IDU ABUBAKAR… without routing the said transaction through a financial institution as required by law.”

The commission further accused Bodejo of possessing funds suspected to be proceeds of unlawful activity.

EFCC said the alleged offences are punishable under the Money Laundering laws. Bodejo is expected to be arraigned once the court fixes a date.

Advertisement
Continue Reading

News

2027: Be Prepared to struggle for power, Wike tells PDP candidates

Published

on

By

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has challenged candidates contesting in the 2027 general elections on the platform of the Peoples Democratic Party (PDP) to be prepared to struggle for power.

Wike, a national leader of the PDP, stated this during the party’s 109th National Executive Committee (NEC) meeting on Wednesday in Abuja.

“Nobody gives power. Nobody has done it. Power is taken; if you did not do so, it’s your business.

“You must fight for it to take it. Nobody gives power, and nobody is ready to dash you power. You have to struggle for it. You have to fight for it. You don’t have to be afraid.

Advertisement

“Every time you complain, oh, the governor is this, what do you want him to do? To allow you to come and take power like that?

“If you’re not serious, say you are not serious to struggle for power. When you take it, you appreciate it, not when they dash you and you don’t know the meaning of it,” Wike said.

He recalled his political journey through various struggles, including how he became governor when the incumbent belonged to a different political party.

Wike advised candidates, especially those running for governorship, to brace up for  keen contests.

Advertisement

He said that in the present setting, most people were used to ‘food is ready’ politics.

“You are used to people preparing something for you to come and eat, and you think it will always be like that. It cannot always be like that.

“A time will come when there will be challenges in life and when you will be tempted in life,” he said.

Wike said that he happened to come from a background where he never got anything on a platter of gold, recalling that when he contested for a local government chairmanship position, the matter went all the way to the Supreme Court.

Advertisement

“When I don’t see challenges, I know that something is wrong, but when I see challenges, I know success has come,” he said.

He noted that when the PDP was in power, many of its members were like spoiled children depending on their father for daily provisions, reminding them that the party was no longer at the centre.

He urged them to see themselves as children whose father is sick, and remain determined not to disappoint him.

The minister also advised party members to stop introducing religion into politics and electoral matters, challenging them instead to return to their bases and work for the party’s success.

Advertisement

“Why do you bring your faith to this race? Everybody go home, go and bring something, and put it on the table in 2027. Go and bring something.

“I will bring something to the table here. Every NEC member has to bring something. If you bring a House of Representatives seat, you have done something.

“If you bring a House of Assembly member, you have done something. But don’t come here empty-handed; this is not a place for empty hands.

“This is a place where when you come, we look at the results of what you brought. That is what politics is all about,” he said.

Advertisement

Wike advised party members not to be distracted by claims from the Tanimu Turaki-led PDP faction that it would sponsor candidates for all elective positions in 2027.

He explained that the access code to the Independent National Electoral Commission (INEC) candidate nomination portal would ultimately determine legitimacy.

“As far as I am concerned, June 26 is when INEC will give access codes to political parties to upload results. Don’t worry, we are good to go. Nobody is afraid; we will see who INEC will give the code to.

“It is not about going to collect money from people and saying we are in court. Nobody is afraid of the court; courts are meant for human beings, not ghosts.

Advertisement

“So, we are here, we are not afraid. Let them continue going to court while we continue to prepare for our own election.

“Don’t worry, stop thinking about what will happen; the worst has happened,” he said, adding that anyone who is not serious in the business of politics should leave.

The minister also challenged party members and leaders not to be afraid of intimidation, harassment, or arrest.

“Use me as an example. There is nothing I have not seen. I’ve seen everything, including intimidation,” he said.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News