News
FG scraps VAT on diesel, cooking gas

By Mario Deepromoter
The Federal Government has announced the provision of new tax reliefs for deep offshore oil and gas production to boost investments in the sector.
It also announced that the importation of key energy products and infrastructure, including diesel, feed gas, Liquefied Petroleum Gas, Compressed Natural Gas, electric vehicles, Liquefied Natural Gas infrastructure, and clean cooking equipment would no longer require value-added tax payment.
The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, announced this in a statement on Wednesday.
The statement by the Director of Information and Public Relations, Mohammed Manga, said the initiative would position Nigeria’s deep offshore basin as a premier destination for global oil and gas investments, bolster energy security, and accelerate Nigeria’s transition to cleaner energy sources.
This policy directive arrives alongside new divestment plans from ExxonMobil and Seplat, which President Bola Tinubu said would receive ministerial approval in the coming days.
The statement read, “In its avowed determination towards ensuring a boost in the nation’s upstream and downstream sector, the Federal Government has introduced groundbreaking concessions aimed at revitalizing the industry.
“This is just as the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, today unveiled two major fiscal incentives aimed at revitalising Nigeria’s oil and gas sector: Value Added Tax Modification Order 2024 and Notice of Tax Incentives for Deep Offshore Oil & Gas Production, in accordance with the Oil & Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order 2024”.
Explaining further, Manga said, “The VAT Modification Order 2024 introduces exemptions on a range of key energy products and infrastructure, including diesel, feed gas, Liquefied Petroleum Gas, Compressed Natural Gas, electric vehicles, Liquefied Natural Gas infrastructure, and clean cooking equipment.
“These measures are designed to lower the cost of living, bolster energy security, and accelerate Nigeria’s transition to cleaner energy sources”.
It explained that the notice of tax incentives for deep offshore oil & gas production provides new tax reliefs for deep offshore projects, stressing that, “This initiative is aimed at positioning Nigeria’s deep offshore basin as a premier destination for global oil and gas investments”.
The ministry said these fiscal incentives reflect the administration’s steadfast commitment to promoting sustainable growth, enhancing energy security, and driving economic prosperity for all Nigerians.
The statement added, “These reforms are part of a broader series of investment-driven policy initiatives championed by President Bola Tinubu, in line with Policy Directives 40-42.
“They reflect the administration’s strong commitment to fostering sustainable growth in the energy sector and enhancing Nigeria’s global competitiveness in oil and gas production.
“With these bold initiatives, Nigeria is firmly on track to reclaim its position as a leader in the global oil and gas market.
“These fiscal incentives demonstrate the administration’s unwavering commitment to fostering sustainable growth, enhancing energy security, and driving economic prosperity for all Nigerians”, the statement concluded.
News
Pastor Adeboye narrates how he collapsed in Ilesha

The General Overseer of the Redeemed Christian Church of God, RCCG, Pastor Enoch Adeboye, has revealed his struggle for life during an evangelism programmes in the church about seven years ago.
Adeboye recalled how he collapsed in Ilesha, saying his body broke down completely due to the effect of bad road.
Sharing the testimony at the annual Special Holy Ghost Service, themed “Joy Unspeakable”, the popular clergy also disclosed that for the first time, he spent Christmas in bed due to the health crisis.
He narrated that after he broke down in Ilesha, he was airlifted to the camp for the program but some persons attempted to stop the helicopter from taking off, leading to the damaging of one of the windows.
He said: “Seven years ago, during this same program, my body broke down completely due to the terrible road conditions.
“For the first time in my life, I spent Christmas Day in bed. The devil was certain he had finally got me.
“I collapsed in Ilesha, and to bring me back to the camp, we had to charter a helicopter. I was too weak to travel by road—if I had, I would not have made it”.
“Seven years later, I am still here! I want you to thank God for sparing my life”, Adeboye added after narrating the incident, urging the congregation to thank God for his life.
News
NDLEA arrests fleeing auto spare parts dealer over 77.50kg cocaine, phenacetin seizure

. Intercepts cannabis candies shipment meant for Lagos kiddies’ shop, nabs suspects; recovers large consignments of opioids, others in Abia, Kano, Benue, Osun, Edo raids
Barely three weeks after launching a manhunt for him, operatives of the National Drug Law Enforcement Agency, NDLEA, have arrested an automobile spare parts dealer Levi Chidiebele Ubodoeze over a recent attempt to export two kilograms of cocaine concealed in vehicle propellers to Angola.
Following the seizure of the cocaine consignment at a logistics company in Aspanda, Trade Fair Complex, Ojo area of Lagos on 21st February 2025, swift contacts were made with Angolan authorities who in turn arrested the supposed recipient of the illicit drug in Angola, after which the identity of the sender was unraveled.
As a result, NDLEA operatives on Thursday 6th March tracked Ubodoeze to his house in Ago palace way area of Isolo, Lagos where he was caught in a KIA Sport Utility Vehicle trying to escape. A search of the vehicle led to the recovery of a large quantity of phenacetin, a cutting agent for cocaine weighing 75.50 kilograms packaged and branded as semolina, while a digital scale used in weighing illicit drugs was recovered from his house.
In his statement, Ubodoeze admitted dealing in cocaine while selling motor spare parts at Ladipo market, Mushin area of Lagos. He stated that the supposed recipient of the illicit consignment in Angola alerted him the moment he was arrested in Angola hence his bid to evacuate his house and flee from the area shortly before NDLEA officers swooped on him.
Meanwhile, NDLEA operatives at the import shed of the Murtala Muhammed International Airport, MMIA, Ikeja Lagos have intercepted a cargo of cannabis candies imported from the United Kingdom and meant for sale at a Kiddies Mart, located at 46 Ogunlana drive, Surulere, Lagos.
The consignment was seized on 27th February upon its arrival as a consolidated cargo on Allied Airways. Preliminary field test and subsequent forensic analysis of the candies established that the substance was laced with a strong strain of cannabis. As a result, the recipient of the shipment, Adedamola Taylor, was arrested on Tuesday 4th March after initial arrest of a freight agent.
In his statement, Adedamola claimed the consignment was sent to him by his UK-based brother Babatunde Alabi, to deliver to one Musurat Lawal, who operates the Kiddies shop owned by Alabi in Surulere area of Lagos. A follow up operation at the shop led to the arrest of Musurat.
Two suspects: China Michael and Igbo Ekene were arrested on Friday 7th March when their commercial truck was intercepted by NDLEA operatives at Shibiri area of Ojo, Lagos. A search of the vehicle revealed 248 compressed blocks of Ghanaian Loud, a strain of cannabis, weighing 128kg, were concealed in the underbelly of the truck.
In another interdiction operation in Lagos, three suspects: Osinachi Nwachukwu; Tochukwu Okafor Christian and John Ugochukwu Mbakwe were on Friday 7th March arrested at Mosalasi junction, Mushin, with 301,600 pills of tramadol and other opioids.
In Kano, 65-year-old Yahaya Haruna was nabbed with 19.2kg skunk along Gadar Tamburawa road on Thursday 6th March while 60-year-old Musa Bello (a.k.a Jajere) was arrested with 212 bottles of codeine-based syrup at Medile, Kumbotso local council area.
No fewer than 442,594 pills of tramadol and other opioids as well as 1,274 bottles of codeine syrup were recovered by NDLEA operatives who raided the house and warehouse of a 37-year-old suspect, Blessing Okoronkwo at 19 Ubani Street, Aba, Abia state on Tuesday 4th March.
In Benue state, 50,000 pills of tramadol and exol-5 were recovered from two suspects: Nwaeze Onyeabor, 47, and Tombo Thomas, 23, on Wednesday 5th March when their vehicle was intercepted by NDLEA operatives at Ugbema junction, Katsina Ala area of the state.
In Osun state, a suspect, Asimiyu Muibi, 50, was arrested on Tuesday 4th March with 162kg skunk at Modakeke, Ife East local government area while 95kg of same substance was recovered from a Toyota Camry car marked KSF 72 GW during a raid in Ede same day.
A suspect, Etim Esien Stephen, 55, was arrested when NDLEA officers on Wednesday 5th March raided the Amahor community forest, in Igueben area of Edo State where 9,514.625kg skunk was destroyed on 3.805846 hectares of cannabis farm land.
With the same vigour, Commands and formations of the Agency across the country continued their War Against Drug Abuse, WADA, sensitization activities to schools, worship centres, work places and communities among others in the past week. These include: WADA sensitisation lecture to students and staff of Model High School, Amaechi, Enugu; Bengy Secondary School, Agege, Lagos; Sunshine Secondary School, Nku Udo Eno, Akwa Ibom; and Government Day Secondary School, Dong, Adamawa state, among others.
While commending the officers and men of MMIA, Lagos, Kano, Abia, Benue, Osun and Edo Commands of the Agency for the arrests and seizures, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) stated that their operational successes and those of their compatriots across the country especially their balanced approach to drug supply reduction and drug demand reduction efforts are well appreciated.
News
*ECHONO’S THREE-YEAR BLITZKRIEG IN TETFUND*(PHOTOS)

*By Tunde Olusunle*
One very well reasoned appointment into a very critical government
department in recent years, is bound to be the “conscription” of Sonny Togo Echono to the leadership of the Tertiary Education Trust Fund, (TETFUND). The last five years of his most eventful public service career were spent as Permanent Secretary in the Federal Ministry of Education. On a daily basis, he engaged with Vice Chancellors, Rectors and Provosts of Universities, Polytechnics and Colleges of Education, owned by the federal government. Added together, we are speaking here of well over 100 such institutions, with the federal government hosting this tripod of institutions, universities, polytechnics and colleges of education, in most of the 36 states and the Federal Capital Territory, (FCT). Echono’s office distilled the needs of these citadels of knowledge and activated the bureaucracy of the ministry to tend to their operational requirements.
Following his retirement from service early 2022, Echono momentarily reclined into his couch to savour desired rest and rejuvenation after a racy and most eventful career. Before his last port of call in the Federal Ministry of Education, Echono’s career which began as an architect with the Federal Ministry of Works and Housing in 1987, had taken him through several key Ministries, Departments and Agencies, (MDAs), availing him multisectoral experiential rootedness across the public service. He had served variously in the Budget Monitoring and Price Intelligence Unit, (BMPIU), and the ministries of Defence; Water Resources; Environment; Agriculture and Power. He had therefore planned to shuttle between his address in Nigeria’s capital city and his countryside abode in the Idoma heartland in Benue State, which he cherishes dearly.

*Ademola Adeleke, Governor of Osun State being received by Sonny Echono during his visit to TETFUND.*
Duty, however, beckoned within weeks of his retirement. Echono, seasoned architect, experienced public servant, consummate patriot, was appointed Executive Secretary of TETFUND. He formally assumed office on March 18, 2022. The scheme was established by the federal government in 2011, with the primary responsibility of disbursing, managing and monitoring the deployment of education tax remitted to government-owned tertiary institutions in Nigeria. Public tertiary institutions were hitherto poorly funded. This situation, expectedly, had very negative impact on knowledge dissemination, periodically engendering unrest in the institutions. TETFUND is supervised by the Federal Ministry of Education, Echono’s last official post. This naturally has ensured smooth and seamless collaboration between the parent ministry and its parastatal, since the onset of the Echono dispensation.
Three years into his five-year stewardship, Echono continues to chalk up milestones for the organisation. It was not going to be “business as usual” under his watch so he began with desirable “housekeeping” by addressing the work ethic in TETFUND. Previously perceived as a “cash cow,” entrenched interests had constituted themselves into a cabal which determined the award of contracts to predetermined interests. There were also murmurs and talks about stealing and underhand dealings which cast the organisation in bad light in the public sphere. Steeped and stewed in the ethos of due process and public procurement, Echono moved speedily to bring his imprimatur to bear on the workings of the organisation. He has since striven, gradually and unobtrusively, to straighten the administration of TETFUND and realign its operations with its core mandate.

*Sonny Echono, (right), receiving Governor Bassey Otu of Cross River State, in his Abuja office*
Such revolutionary novelties in an organisation previously steeped and stuck in its ways were not going to make new friends for Echono. Fifth columnists in the system and their external collaborators, periodically engineered phoney petitions to anti-graft agencies, notably the Independent Corrupt Practices and Related Offences Commission, (ICPC). They equally generated submissions to the nation’s parliament contending in one particular instance, that an accumulated allocation of over N2 Trillion to TETFUND over the years, could not be accounted for! The ever calm Echono has always responded to such claims and invitations to clarify the issues with impeccable documents and records. These have serially deflated the schemes and mischief of faceless rabble rousers.
Sonny Echono’s regime has brought a fresh air of activism into the endeavours of TETFUND. The federal government has also continued to reaffirm its faith in the establishment via regular upward reviews of its budgetary allocations. TETFUND continues to renew, or open fresh, possibilities for collaboration between it and a plethora of organisations. Callers at the Abuja headquarters of the organisation over time, have included the Senate and House Committees on Tertiary Institutions. Governor Ademola Adeleke of Osun State and his Cross River State counterpart, Bassey Otu, have also visited TETFUND seeking partnership. Nigeria’s Chief of Defence Staff, (CDS), General Christopher Gwabin Musa has also been a guest of Echono’s TETFUND. Musa exercises oversight over the Nigerian army, navy and airforce. Over the years, the military has continued to reinvent its training institutions many of which are degree awarding citadels today. Musa believes there are areas of potential cooperation between the military and TETFUND, and has begun a conversation around this. The Federal Road Safety Corps, (FRSC), recently followed the precedence of the military, when its Corps Marshal, Shehu Mohammed, led a team to TETFUND. The FRSC canvassed support for its training institutions to enhance the capacity and professionalism of road safety personnel across the country.

*General Musa, Chief of Defence Staff, (CDS), and Sonny Echono during the visit of the CDS to TETFUND.*
Simultaneously, Echono is regularly on the road with his own officials, knocking on doors of MDAs whose partnership can strengthen the enterprise of TETFUND. Among several others, he has in recent months, led delegations to the Economic and Financial Crimes Commission, (EFCC), and the Nigerian Extractive Industries Transparency Initiative, (NEITI). Echono is equally a much sought-after speaker these days at university convocation lectures and similar public engagements. These have availed him the platform to address burning issues in Nigeria’s all-important educational sector. Echono’s Convocation Lecture at the Federal University of Technology, (FUTO), Owerri, Imo State, last December, was titled *Impact of Leadership Selection on Governance in Public Universities in Nigeria.* At a similar event at the Olabisi Onabanjo University, (OOU), Ago-Iwoye, Ogun State last January, Echono spoke on *TETFUND and Educational Development in Nigeria: The History, the Treasures and the Future.*
Echono addressed the subject *University Autonomy and the Challenge of Quality Tertiary Education in Nigeria,* at the Convocation ceremony of the Federal University Oye-Ekiti, Ekiti State, in February. He has deployed these speaking opportunities to address issues of inadequate funding in tertiary institutions, and to restate the imperative of the payment of tuition fees in public universities. This, he has regularly maintained is crucial to support that critical level of the educational hierarchy. Echono has canvassed synergy between institutions in the areas of research, innovation, alumni obligations and student exchange to broaden the worldview of young scholars. He has equally admonished on the inescapability of full autonomy in public universities, if educational standards must improve and be sustained. The acquisition of quality literacy never comes cheap, he has consistently maintained.
Elsewhere, Echono has decried the penchant of many Nigerians who were sponsored abroad on public resources, but refusing to return home to contribute to national development. Many such nationals opt to stay back in foreign lands, against the spirit of their scholarships. Echono regards this as a dimension of the pervading *japa* syndrome, the abscondment abroad of Nigerians fleeing excruciating socioeconomic conditions at home. Last November, TETFUND under Echono stopped government funding for intending foreign students. This should mitigate the double-sided loss of the country’s fiscal and human resources, respectively. At an August 2024 *Conference on Digital Pedagogy and Fundable Research Writing,* Echono criticised the arbitrary upgrading of Colleges of Education into Universities of Education, by governments at various levels. His contention is that the country remains in short supply of teachers and instructors at the foundational level of education.
Sonny Echono has also criticised the continuing politicisation and corruption inherent in the appointment of Vice Chancellors in Nigerian universities. In one of his public presentations, he abhorred political interference and financial inducement in leadership selection processes in our universities. These factors he observed are combining to erode the sanctity of the hallowed university system. Echono expressed worry about the fact that competition for appointment into principal offices in universities has become a lucrative venture which has made members of governing councils prone to fiscal inducement. Echono has received several awards through the years including that of the national honour of *Officer of the Order of the Niger, (OON).* He has demonstrably distinguished himself beyond the the half line of his present assignment. He can be trusted and should be continually supported to consolidate on his legacies in the years to come.
*Tunde Olusunle, PhD, Fellow of the Association of Nigerian Authors, (FANA), is an Adjunct Professor of Creative Writing at the University of Abuja*
-
News3 hours ago
Pastor Adeboye narrates how he collapsed in Ilesha
-
News10 hours ago
Just in: Dickson, opposition lawmakers throw weight behind suspended Senator Natasha
-
Economy9 hours ago
FG grants licenses for 3 new petroleum refineries
-
News20 hours ago
Another Tanker Explosion Rocks Niger State, seven casualties recorded
-
Economy8 hours ago
Nigeria’s international trade hit N36.6tn in Q4 2024 – NBS
-
News20 hours ago
You look very ugly, Ronaldo tells lookalike fan
-
News20 hours ago
EPL:How Hudson-Odoi late move sank Man City
-
News20 hours ago
Gaza: Protesters deface Trump’s Scotland Golf Resort