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Finally, Trump returns to White House after unprecedented comeback, emboldened to reshape American institutions

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Donald Trump was sworn in as the 47th president Monday, promising a “revolution of common sense” and taking charge as Republicans assume unified control of Washington and set out to reshape the country’s institutions.

Trump, who overcame impeachments, criminal indictments, and a pair of assassination attempts to win another term in the White House, will act swiftly after the ceremony. Dozens of executive orders have already been prepared for his signature to clamp down on border crossings, increase fossil fuel development, and end diversity and inclusion programs across the federal government.

Declaring that the government faces a “crisis of trust,” Trump said in his inaugural address that under his administration “our sovereignty will be reclaimed. Our safety will be restored. The scales of justice will be rebalanced.”

Trump claimed “a mandate to completely and totally reverse a horrible betrayal,” promising to “give the people back their faith, their wealth, their democracy and indeed their freedom.”

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“From this moment on,” he added, “America’s decline is over.”

The executive orders are the first step in what Trump is calling “the complete restoration of America and the revolution of common sense.”

Other goals will prove more difficult, perhaps testing the patience of supporters who were promised quick success. Trump has talked about lowering prices after years of inflation, but his plans for tariffs on imports from foreign countries could have the opposite effect.

Frigid weather rewrote the pageantry of the day. Trump’s swearing-in was moved indoors to the Capitol Rotunda — the first time that has happened in 40 years — and the inaugural parade was replaced by an event at a downtown arena. Throngs of Trump supporters who descended on the city to watch the inaugural ceremony outside the Capitol from the National Mall were left to find other places to view the festivities.

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At the Capitol, Vice President JD Vance was sworn in first, taking the oath read by Supreme Court Justice Brett Kavanaugh on a Bible given to him by his great-grandmother. Trump followed moments after noon, using both a family Bible and the one used by President Abraham Lincoln at his 1861 inauguration as Chief Justice John Roberts administered his oath.

A cadre of billionaires and tech titans — including Mark Zuckerberg, Jeff Bezos, Tim Cook and Sundar Pichai — were given prominent positions in the Capitol Rotunda, mingling with Trump’s incoming team before the ceremony began. Also there was Elon Musk, the world’s richest man, who is expected to lead an effort to slash spending and federal employees.

Trump and his wife, Melania, were greeted at the North Portico of the executive mansion by outgoing President Joe Biden and first lady Jill Biden for the customary tea and coffee reception. It was a stark departure from four years ago, when Trump refused to acknowledge Biden’s victory or attend his inauguration.

“Welcome home,” Biden said to Trump after the president-elect stepped out of the car. The two presidents, who have spent years bitterly criticizing each other, shared a limo on the way to the Capitol. After the ceremony, Trump walked with Biden to the building’s east side, where Biden departed via helicopter to begin his post-presidential life.

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Trump’s inauguration realized a political comeback without precedent in American history. Four years ago, he was voted out of the White House during an economic collapse caused by the deadly COVID-19 pandemic. Trump denied his defeat and tried to cling to power. He directed his supporters to march on the Capitol while lawmakers were certifying the election results, sparking a riot that interrupted the country’s tradition of the peaceful transfer of power.

But Trump never lost his grip on the Republican Party and was undeterred by criminal cases and two assassination attempts as he steamrolled rivals and harnessed voters’ exasperation with inflation and illegal immigration.

Trump used his inaugural address to repeat his claims that he was targeted by political prosecutions, and he promised to begin “fair, equal and impartial justice.”

He also acknowledged that he was taking office on Martin Luther King Jr. Day, which honors the slain civil rights hero. Trump said, “We will strive together to make his dream a reality,” and he thanked Black and Latino voters for their support in November.

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Now Trump is the first person convicted of a felony — for falsifying business records related to hush money payments — to serve as president. He pledged to “preserve, protect and defend” the Constitution from the same spot that was overrun by his supporters on Jan. 6, 2021. He’s said that one of his first acts in office will be to pardon many of those who participated in the riot.

Eight years after he first entered the White House as a political newcomer, Trump is far more familiar with the operations of federal government and emboldened to bend it to his vision. Trump wants to bring quick change by curtailing immigration, enacting tariffs on imports and rolling back Democrats’ climate and social initiatives.

He has also promised retribution against his political opponents and critics, and placed personal loyalty as a prime qualification for appointments to his administration.

With minutes to go before leaving office, Biden issued preemptive pardons to his siblings and their spouses to shield them from the possibility of prosecution. He said in a statement that his family “has been subjected to unrelenting attacks and threats” and that he has “no reason to believe these attacks will end.”

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Earlier in the day, Biden took a similar step with current and former government officials who have been the target of Trump’s anger. Biden said “these are exceptional circumstances, and I cannot in good conscience do nothing.”

Trump has pledged to go further and move faster in enacting his agenda than during his first term, and already the country’s political, business and technology leaders have realigned themselves to accommodate Trump. Democrats who once formed a “resistance” are now divided over whether to work with Trump or defy him. Billionaires have lined up to meet with Trump as they acknowledge his unrivaled power in Washington and his ability to wield the levers of government to help or hurt their interests.

Long skeptical of American alliances, Trump’s “America First” foreign policy is being watched warily at home and abroad as Russia’s invasion of Ukraine will soon enter its third year, and a fragile ceasefire appears to be holding in Gaza after more than 15 months of war between Israel and Hamas.

Trump said he would lead a government that “expands our territory,” a reference to his goals of acquiring Greenland from Denmark and restoring U.S. control of the Panama Canal.

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He also said he would “pursue our manifest destiny into the stars, launching American astronauts to plant the Stars and Stripes on the planet Mars.” Musk, the owner of a space rocket company with billions of dollars in federal contracts, cheered and pumped his arms above his head as Trump spoke.

Trump is planning to crackdown on the U.S. southern border with a playbook that’s similar to his first term — declaring a national emergency, limiting the number of refugees entering the U.S. and deploying the military. An app called CBP One, which has allowed nearly 1 million people to legally enter the U.S. with eligibility to work, has already stopped working.

He’s expected to take additional actions — including constitutionally questionable ones — such as attempting to end birthright citizenship automatically bestowed on people born in the U.S.

Trump will also sign an executive order aimed at ending diversity, equity and inclusion programs within the federal government. [AP]

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Northern Lawmakers Signal Possible Amendments to Tax Reform Bills

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Some northern lawmakers in the House of Representatives have indicated that the Nigeria Governors Forum’s (NGF) endorsement of the revised Value-Added Tax (VAT) sharing formula in the proposed tax bills may be subject to amendments by federal lawmakers before passage.

In 2024, President Bola Tinubu submitted four tax bills to the National Assembly, following recommendations from the Presidential Taskforce on Fiscal Policy and Tax Reforms led by Taiwo Oyedele. The proposed bills include the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

The bills have sparked diverse opinions, with northern leaders opposing the VAT provisions. On October 29, the Northern Governors Forum opposed the proposed tax amendment bills. Two days later, the National Economic Council advised Tinubu to withdraw the bills for broader consultations.

While the bills saw some success in the Senate, they faced stiff opposition in the House of Representatives, with over 70 northern lawmakers blocking debate on the general principles of the bills. Critics, including former Vice President Atiku Abubakar and Governors Bala Mohammed and Babagana Zulum, argued that the reforms could harm the northern economy, particularly the VAT derivation component.

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Last week, the President achieved a breakthrough at a meeting between the NGF and the Oyedele-led committee. The 36 governors proposed that VAT revenue be shared 50% based on equality, 30% on derivation, and 20% based on population.

Speaking to journalists, Sada Soli, representing Jibia/Kaita Federal Constituency, expressed the House’s readiness to support the governors but noted that the bills might face amendments during debates. He emphasized the need for thorough scrutiny to correct fundamental drafting errors.

Joshua Gana, a PDP lawmaker from Niger State, confirmed that the northern caucus had not met over the bills, as the House is mourning the recent death of Deputy Whip Hon Adewunmi Onanuga. He added that caucuses are free to deliberate until the House reconvenes on January 28, 2025.

Terseer Ugbor, representing Kwande/Ushongo Federal Constituency, echoed Gana’s position, indicating that the northern caucus has yet to take a firm stand on the governors’ support for the bills.

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Meanwhile, the Arewa Consultative Forum (ACF) is studying the tax reform proposals and plans to provide specific recommendations within 48 hours. ACF National Publicity Secretary Prof Tukur Muhammad-Buba stated that the forum is generally satisfied with the equity, population, and derivation considerations in the proposals.

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Only 100,000 POS operators registered – CAC

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The Registrar General of the Corporate Affairs Commission, Hussaini Ishaq Magaji has revealed that only 100,000 Point of Sale (POS) operators have officially registered their businesses with the commission as part of its POS formalization project.

Magaji said this during the in-house enforcement and compliance training for state offices on Monday in Abuja,

Magaji said that the training,  with the themed “Re-engineering the Commission for Compliance and Enforcement Mandates” would ensure efficient management of corporate entities.

He called for a paradigm shift in the commission’s operations, emphasising the importance of compliance and enforcement functions beyond the routine registration of businesses.

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“One of the key priorities I identified upon assuming duty in 2023, was the need to bring the commission’s regulatory and management functions to the forefront.

“This led to the inclusion of compliance enforcement as a key component of my four-point agenda,” he said.

The registrar-general said that advancements in Artificial Intelligence (AI) could handle routine operational tasks like business registration, freeing resources for more complex compliance and enforcement activities.

He reiterated the success of the PoS Formalisation Project, which had registered about 100,000 Point-of-Sale operators under the requirements of Section 863 of the Companies and Allied Matters Act (CAMA) 2020.

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According to him, the project aims to formalise at least 250,000 operators in the sector as part of broader efforts to regulate the estimated 40 million micro, small, and medium enterprises (MSMEs) in Nigeria.

“Formalisation is the first step for legitimate business operations and access to government interventions.

” It also mitigates the risks associated with unregistered businesses, such as money laundering and terrorism financing,” Magaji said.

He revealed plans to implement sanctions for operators who fail to comply with formalisation requirements and clarified that multiple registrations across fintech platforms were unnecessary, as one registration sufficed

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Beyond pre-incorporation activities, the registrar-general stressed the need to prioritise post-incorporation compliance, which he described as a sustainable revenue stream for modern registries.

He also unveiled plans to address issues like shell companies, opaque ownership structures, and proper disclosure of persons with significant control, in line with global standards and the Persons with Significant Control Regulations.

“This training will position our staff to undertake compliance enforcement and inspection duties with confidence.

” It also marks the start of our drive towards a hyper post-incorporation compliance mode.

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“The training includes technical sessions on statutory books, records, returns, and filings for registered entities, with input from resource persons from law enforcement agencies to share practical experiences, “he said.

He urged participants to engage actively and embrace the reforms as part of efforts to align the commission’s operations with global best practices.

Representing the National Drug Law Enforcement Agency, its Deputy Commander on Narcotics, Harami Wakirwa, said that  the initiative demonstrated CAC’s commitment to promoting compliance, integrity and accountability.

“This is a good step in the right direction. I wish you all a productive and engaging experience.

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” Let us work together to foster a culture of compliance and make a positive impact in our industries and countries,” he said.

Also, DCP Usman Ahmed, Deputy Director, Nigeria Police Force National Cybercrime Center (NPF-NCCC), acknowledged the crucial role compliance and enforcement played in safeguarding and fostering a secure regime for business operations.

“The challenges we face today, especially in cyber-attacks, demand that we continually adapt and improve our strategies and practices.

“This training is not just an opportunity to acquire knowledge, but should allow us to improve cybersecurity, inter-agency collaboration, and share the responsibility to restore confidence in public institutions.

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“We must embrace this opportunity to re-engineer our operations and reinforce our ability to excel in cyber security. Together, we can make a significant impact,” he said.

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Watch Nigerian Pastor, Kumuyi delivers prayer at Trump’s inauguration

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General Superintendent of the Deeper Christian Life Ministry, Pastor William Kumuyi, on Monday participated in the Inauguration Praise and Prayer Convocation, an event held ahead of Donald Trump’s inauguration as the 47th President of the United States.

The programme, hosted at the Greater New Hope Baptist Church, was organised by Jim Garlow’s Well Versed World ministry in collaboration with Tony Perkins of the Family Research Council.

The gathering brought together faith leaders to intercede for the nation and its incoming administration.

In his address, Kumuyi prayed for unity, revival, and a spiritually renewed America.

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