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TUC proposes N2.5m threshold for personal income tax waiver
The Trade Union Congress of Nigeria has called for an increase in the tax exemption threshold from N800,000 to N2.5m per annum to ease economic challenges faced by low-income earners.
The union stressed that this measure would increase disposable income, stimulate economic activity, and provide much-needed relief to workers and their families.
The president of the union, Festus Osifo, made the call in a statement on Tuesday.
He said, “We still have two items that we strongly believe should be reviewed in the tax bills that will immensely benefit Nigerians.
“The threshold for tax exemptions should be increased from the current N800,000 per annum, as proposed in the bill, to N2,500,000 per annum. This will provide relief to struggling Nigerians within that income bracket, easing the excruciating economic challenges they face by increasing their disposable income.”
On the proposed transfer of royalty collection to the Nigeria Revenue Service, the TUC president warned of potential revenue losses and inefficiencies due to the lack of technical expertise in oil and gas operations within the NRS
He said, “The proposed bill assigning royalty collection to the Nigeria Revenue Service appears beneficial on the surface but would most likely result in significant revenue losses for the government. Royalty determination and reconciliation require specialised technical expertise in oil and gas operations, which NUPRC possesses but NRS lacks, potentially leading to inaccurate assessments and enforcement issues.
“Additionally, this shift would create regulatory burdens, increase compliance costs for industry players, and reduce investor confidence due to overlapping functions and inefficiencies between NUPRC and NRS.”
Osifo reiterated that allowing the VAT rate to remain at 7.5 percent was the best for the country.
“Allowing the Value Added Tax rate to remain at 7.5% is in the best interest of the nation, as increasing it would place an additional financial burden on Nigerians, many of whom are already struggling with economic challenges.
“At a time when inflation, unemployment, and the cost of living are rising, imposing higher taxes would further strain households and businesses, potentially slowing economic growth and reducing consumer purchasing power,” Osifo said.
Osifo noted that the union welcomed the inclusion of a derivation component in VAT distribution among the three tiers of government, describing it as a step toward reducing dependence on oil revenues and encouraging sub-national productivity.
He said, “On a general perspective, we welcome the inclusion of a derivation component in the Value Added Tax distribution amongst the three tiers of government. When passed into law and properly implemented, it will encourage productivity at the sub-national level, thereby moving us gradually from a total rent-seeking economy to a derivation-based system that will stimulate economic activities.”
The TUC president said the continued existence of the Tertiary Education Trust Fund and the National Agency for Science and Engineering Infrastructure would bring about progress to the nation’s education as well as engender economic development in the country.
He said, “It is also good to note that both TETFUND and NASENI will remain a going concern, as these institutions have greatly impacted the country through their respective mandates. Both have respectively been instrumental in improving our tertiary education and the adoption of homegrown technologies to enhance national productivity and self-reliance. Their continued existence is vital for sustaining progress in education, technology, and economic development across the country.”
However, the union president urged the Federal Government to adopt equitable tax policies that prioritise the welfare of citizens.
He said, “ While we deeply appreciate the Federal Government’s efforts to listen and adjust to our advocacy, we still advocate that the above concerns be considered and adopted in the Tax Reform Bill, they will be highly beneficial to the Government and Nigerian populace.
“The Trade Union Congress of Nigeria has a shared responsibility to promote policies that improve the lives of Nigerians amongst whom are workers. We believe that proactive measures, when implemented, are for the maximum good of the citizens and are evidence of great and sincere leadership. As the conversations around the Tax Reform Bill continue, it is our expectation that the focus would be equitable economic growth and improved living conditions for all Nigerians.”
Chelsea’s frustrations on the road continued on Sunday as they played out a drab 0-0 draw against Brentford in the Premier League. The fourth-placed Blues, desperate to solidify their position in the race for Champions League qualification, delivered another uninspiring display under manager Enzo Maresca. Much of the attention was focused on the decision to bench England forward Cole Palmer for almost an hour, sparking questions about the Italian boss’s priorities ahead of a crucial UEFA Conference League quarter-final clash with Legia Warsaw on Thursday. When Palmer was finally introduced, his impact was muted, with his only significant contribution being a missed chance over the crossbar.
Chelsea have a UEFA Conference League quarter-final trip to Legia Warsaw on Thursday, but Maresca’s priorities were questioned following the Blues’ insipid display.
The match itself offered little excitement, highlighting the struggles of both sides. Brentford, battling their own challenges of form at home, seemed unable to capitalize on Chelsea’s sluggish performance. Despite the Blues’ attempts to gain control, Maresca’s cautious tactical approach failed to generate clear-cut opportunities for his team. With Chelsea winless away from home in the league since December, the encounter at the Brentford Community Stadium was emblematic of their recurring troubles on the road. Fans and analysts alike questioned whether Maresca’s approach was adequate for a team still fighting for Champions League qualification amid an increasingly competitive field.
The spotlight on Cole Palmer’s absence from the starting lineup was another defining feature of the match. The England forward, widely regarded as a key player for Chelsea this season, could have provided the creativity and attacking edge the Blues sorely lacked throughout the game. Maresca’s decision to hold Palmer back drew criticism, especially given the urgency of securing vital points for Chelsea’s league ambitions. When Palmer did make his long-awaited entrance, the young star struggled to find his rhythm, leaving fans disappointed and underscoring the broader issues in Chelsea’s attacking play.
With Manchester City breathing down Chelsea’s neck in the Premier League standings, the stakes for Sunday’s result were high. The goalless draw opened the door for fifth-placed City to overtake Chelsea should they secure a win against Manchester United in the day’s late fixture. For the Blues, the outcome not only added pressure to their domestic campaign but also cast a shadow over their upcoming Europa Conference League clash. Maresca now faces the dual challenge of rejuvenating Chelsea’s confidence in Europe while addressing their league form, which could ultimately determine their fate in the pursuit of Champions League football next season.
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The result also extended Brentford’s struggles at home, as they continued their winless streak in front of their fans. Both teams leave the match with unanswered questions about their form, tactics, and aspirations as the Premier League season enters a critical phase. For Chelsea, the disappointment underscores the need for decisive action from Maresca and his squad as they prepare for crucial fixtures on both domestic and continental fronts. Brentford, meanwhile, will aim to regroup and find ways to regain momentum in their remaining matches. The uneventful encounter serves as a reminder of the challenges faced by teams vying to navigate the pressure of top-flight football.
By Kayode Sanni-Arewa
Governor of Oyo State, Seyi Makinde has said he is happy that former governor of the State, Omololu Olunloyo was imortalised before his demise.
Makinde, in a condolence message by his media aide Sulaimon Olanrewaju on Sunday, said the country had lost a patriotic leader, an icon and one of its most cerebral former administrators with the politician’s demise.
The governor said it is sad that the late mathematical guru and administrator passed away before his 90th birthday.
“This death hits differently because I was looking forward to Baba’s 90th birthday, which would have come up on April 14. However, we have to submit to the will of God, who gives and takes lives as He wills.
“My joy is that our government immortalised and honoured Pa Olunloyo in his lifetime and he was present to witness it as we named the Ibadan Airport Road and the Leisure Park on the axis after him in recognition of his service to the state.
“May the Lord grant repose to his soul and give his family the fortitude to bear his demise,” Mr Makinde said.
The death of Mr Olunloyo was confirmed on Sunday morning through a statement by his family.
The deceased died just a few days before his 90th birthday, according to the statement.
Iran’s top diplomat has rejected direct negotiations with the United States as pointless, his office said Sunday, after US President Donald Trump said he preferred face-to-face talks over its nuclear programme.
Trump sent a letter to Iran’s supreme leader Ayatollah Ali Khamenei last month calling for negotiations but warning of military action if diplomacy failed.
On Thursday, the US president said he favoured “direct talks”, arguing they were “faster” and offered a better understanding than going through intermediaries.
But Iranian Foreign Minister Abbas Araghchi said direct talks made no sense with a country “that constantly threatens to resort to force in violation of the UN Charter and that expresses contradictory positions from its various officials”.
“We remain committed to diplomacy and are ready to try the path of indirect negotiations,” he was quoted as saying in a statement issued by his ministry.
Iran keeps itself prepared for all possible or probable events, and just as it is serious in diplomacy and negotiations, it will also be decisive and serious in defending its national interests and sovereignty.”
On Saturday, Iranian President Masoud Pezeshkian said his country was willing to engage in dialogue with the United States on an “equal footing”.
He also questioned Washington’s sincerity in calling for negotiations, saying “if you want negotiations, then what is the point of threatening?”
Iran and the United States have had no diplomatic relations since shortly after the 1979 Islamic Revolution with some regional countries like Oman playing a mediating role between the two sides.
Letter diplomacy
Trump’s letter was delivered to Iran via the United Arab Emirates, and Tehran responded at the end of March via the Sultanate of Oman.
On Sunday, the chief of staff of the Iranian armed forces, General Mohammad Bagheri, said Iran’s response stressed that “we seek peace in the region”.
“We are not the ones who start wars, but we will respond to any threat with all our might,” he said of the content of Iran’s response.
Western countries, led by the United States, have for decades accused Tehran of seeking to acquire nuclear weapons.
Iran rejects the allegation and maintains that its nuclear activities exist solely for civilian purposes.
In 2015, Iran reached a landmark deal with the permanent members of the UN Security Council, namely the United States, France, China, Russia, and the United Kingdom, as well as Germany, to limit its nuclear activities.
The 2015 agreement — known as the Joint Comprehensive Plan of Action — gave Iran sanctions relief in exchange for curbs on its nuclear programme to guarantee that Tehran could not develop a nuclear weapon.
In 2018, during Trump’s first term in office, the United States withdrew from the agreement and reinstated biting sanctions on Iran.
A year later, Iran began rolling back on its commitments under the agreement and accelerated its nuclear programme.
On Monday, Ali Larijani, a close adviser to Khamenei, warned that while Iran was not seeking nuclear weapons, it would “have no choice but to do so” in the event of an attack against it.
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