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Personal Income Tax by wealthy Nigerians to hit 25%, says Edun

• Rise in govt revenue, creative policies will fast track infrastructure devt.
Personal Income Tax (PIT) payments by wealthy Nigerians will go up from 18.6 per cent to 25 per cent when the Tax Reform Bills become law, according to a projection by the Federal Government.
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said the upward trajectory in revenue will complement the 20 per cent increase recorded last year.
He said Nigeria’s economy has achieved relative stability over the past 18 to 20 months.
He spoke in Abuja during a Zoom dialogue meeting, according to the News Agency of Nigeria (NAN).
The Tax Reform will also tighten government expenditure, he added.
Edun said economic growth this year, would be driven by agriculture, housing and infrastructure.
On agriculture, he said the government would continue to ensure good harvests through improved dry and wet season farming techniques.
According to him, the introduction of a 25-year low-interest mortgage with single or low double-digit interest rates to address the housing deficit.
“The Highways Management and Development Initiative (HMDI) would facilitate the concessioning of major highways to improve road infrastructure,” he said.
An example of this is the 125-kilometre Benin-Asaba Highway being funded solely by a private organisation.
Edun said the government was transitioning from concessional and bilateral financing to cheaper sources of funding, including a domestic bond issue.
He also reiterated the government’s commitment to resolving pensioners’ legacy debt, adding that over N700 billion in bonds had been issued for pension payments.
Acknowledging that Nigeria remains an oil-dependent economy, Edun stressed that the government was making efforts to create a safe and investor-friendly environment for oil operations.
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“Maximise revenue from fossil fuels while it remains viable, encourage public-private partnerships, joint ventures, and privatisation to boost investment.
“Now is the time for equity, revenue generation and private sector participation, both domestically and internationally,” he said.
Reflecting on the situation at the outset of the President Bola Ahmed Tinubu Administration, Edun explained that the economy narrowly avoided collapse, having survived on illegally borrowed central bank funds far beyond regulatory limits.
“In the last quarter of 2024, the economy grew at roughly 3.84 per cent, which is close to the annual target of 3.4 per cent.
“Looking at the metrics, inflation has started to slow down.
“It dropped by 1.3 percentage points between January and February, and food inflation is also declining.
“Additionally, the cost of petroleum and energy is down due to sectoral dynamics,” he said.
Edun noted that stabilising the exchange rate had positively impacted imported goods and services, such as healthcare and education.
He said the balance of trade was positive, with government revenues increasing by 20 per cent in 2024.
Edun said the economy was stabilising, the budget deficit was reducing, and debt servicing as a percentage of revenue had dropped.
“All economic indicators are moving in the right direction, and most importantly, the cost of living is gradually improving.
“With this progress, the government is now focusing on further stabilisation and creating an environment that encourages private sector investment.
“We are also leveraging technology to enhance revenue generation from government-owned enterprises,” the minister said.
News
Edo guber: APC’s Okpebholo wins at Tribunal

By Kayode Sanni-Arewa
Edo State Governor, Monday Okpebholo has been confirmed as Governor by the Edo Petition Tribunal in Abuja.
He had earlier won on September 21, 2024 on the political cum electoral turf when he clinched the first prize.
He defeated Asue Ighodalo of the Peoples Democratic Party, PDP, his closest competitor, who was banking on the power of incumbent PDP administration in the state to win.
Ighodalo and the PDP had filed their petition at the Tribunal challenging Okpebholo and APC’s victory at the poll.
But delivering its judgement in the petition on Wednesday, the Edo Governorship Election Petitions Tribunal ruled that PDP petition failed for lack of competent witnesses
The Tribunal said that the PDP petition challenging the outcome of the 2024 governorship election also failed, because of insufficient evidence to substantiate claims of electoral malpractice.
The petitioners had alleged that the failure to properly record electoral materials prior to the election had affected the results.
However, the Tribunal found that while documents were submitted, no witnesses were called to properly authenticate them, rendering the evidence inadmissible.
Of the 19 witnesses presented by the petitioners, 14 were ward and local government agents, while their star witness, who claimed to be a director of strategy, played no direct role in the conduct of the election.
The Tribunal noted that none of these witnesses provided testimony on the alleged failure of prior recording of electoral materials, deeming them incompetent to testify on the matter.
Furthermore, the Tribunal emphasized that for allegations of over-voting to be proven, petitioners must provide oral evidence, in line with the precedent set by the Supreme Court.
It stressed that it was bound to adhere strictly to the Supreme Court’s roadmap in adjudicating election disputes.
News
Nigerian Immigration Operatives Nab 51 Illegal Migrants From Mali In Nyanya, Abuja

According to the statement, the arrests took place on Monday, March 31, 2025, following credible intelligence.
The Nigeria Immigration Service (NIS) has said that its officers arrested 51 illegal migrants from Mali in New Nyanya, Karu Local Government Area of Nasarawa State.
The NIS made this known in a statement issued on Wednesday by its Public Relations Officer, ACI A.S. Akinlabi.
According to the statement, the arrests took place on Monday, March 31, 2025, following credible intelligence.
A breakdown of the arrested migrants revealed that 11 were female, while 40 were male, with ages ranging between 16 and 19 years.
Akinlabi stated that preliminary investigations revealed that the arrested illegal migrants may have been victims of Trafficking in Persons (TIP) and Smuggling of Migrants (SOM), as they were found without valid travel documents or residence permits.
“Preliminary investigations conducted by the Service suggest that the migrants may have been victims of Trafficking in Persons (TIP) and Smuggling of Migrants (SOM), as they were found without valid travel documents or residence permits,” Akinlabi stated.
The statement further noted that the detained individuals have been taken into the custody of the Service for further profiling and investigation.
“The arrested individuals have been taken into the custody of the Service for further profiling and investigation to determine the circumstances of their migration and any potential involvement of trafficking or smuggling networks or syndicates,” Akinlabi added.
Akinlabi further stated that the NIS would determine the circumstances surrounding their migration and uncover any potential involvement of trafficking or smuggling syndicates.
The statement added, “The Nigeria Immigration Service remains committed to ensuring that Nigeria’s borders are protected against illegal migration while upholding the rights of migrants who comply with the country’s immigration laws.
“The Service continues to work closely with relevant authorities and stakeholders to combat smuggling of migrants and counter trafficking in persons effectively.
“The NIS reassures the general public of its unwavering commitment to National Security and Migration Management while encouraging citizens to report suspicious migration activities to the nearest NIS Commands and Formations.”
News
Police Exhume Engineer’s Body From Shallow Grave In Delta Community

The remains of an engineer, Chigozie Udalu, have been exhumed from a shallow grave in Akwukwu-Igbo, the headquarters of Oshimili North Local Government Area in Delta State.
Recall that the engineer, who was contracted to construct offices in Akwukwu-Igbo, was murdered and buried in a shallow grave.
Though the incident occurred in December 2024, details only emerged recently after two suspects were arrested in connection with the crime.
Assailants Murder Construction Engineer In Delta State Community, Bury In Shallow Grave
A community source revealed that the suspects, identified as Tiv youths from Benue State, allegedly killed the engineer and concealed his body on a farm.
“Two Tiv boys from Benue State have been arrested in connection with the crime. They buried the engineer’s remains in a shallow grave on a farm,” the source stated.
The Delta State Police Command confirmed the incident, with spokesman Edafe Bright acknowledging that an investigation was ongoing.
“We are aware of the incident, and our men are working to ensure others involved are apprehended,” Bright revealed.
On Wednesday, the remains of the victim were exhumed by the police and the Delta State government.
A police source revealed that the arrested suspects alleged the engineer owed them money and often verbally abused them.
“They had also intended to steal cement from the site but perceived the engineer as an obstacle. On December 10, 2024, they planned to strike him with a 2×2 plank but assumed he was physically strong and might overpower them.
“On December 11, the Tiv boys put a rope around his neck from behind, causing strangulation. Upon his death, they buried him in a shallow grave on the farm,” the source explained.
“Following the murder, the suspects reportedly completed their contract at the site and stole the victim’s phone, making several attempts to transfer money via a mobile app.
“Additionally, the landlord of the construction site was accused of being involved in money rituals. In an attempt to clear his name, he was taken to shrines to swear an oath before the victim’s family.
“The landlord recounted his ordeal, stating that he nearly gave up on the case due to the challenges he faced with the State Criminal Investigation Department (SCID) in Asaba.
“However, a police officer suggested he visit Ekpan Divisional Police Officer (DPO), CSP Aliyu Shaba. The officer assured him that within 30 days, the truth would be uncovered.
“Upon arrival at Ekpan, the landlord briefed the DPO, who assembled his team and employed sophisticated investigative techniques, leading to the arrest of two suspects.
“One of the suspects later confessed to knowing the location where the engineer was buried,” the source said.
A young man was also arrested and transferred to the SCID for openly threatening the victim in the presence of the landlord, further highlighting the brutality of the crime.
Of the four individuals arrested, two are considered principal suspects. Meanwhile, a manhunt is ongoing for the remaining suspects who are still at large.
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