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Nigerian celebrities to pay 25 percent tax – Oyedele

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that wealthy Nigerians earning N100m and above monthly will face a 25 per cent personal income tax rate if a new tax bill is passed by the National Assembly.
He stated that 90 per cent of the current taxpayers are people who should not be taxed while advocating for a more streamlined and equitable tax system in the country.
This revelation was made during a breakout session at the ongoing 30th Nigeria Economic Summit organised by the Nigerian Economic Summit Group and the Ministry of Budget and National Planning on Monday in Abuja.
Oyedele emphasised the need to strike a balance between easing the tax burden for lower-income earners and ensuring the wealthy contribute more to government revenue.
“If you earn N100m a month, we are taking up to 25 per cent from the rich people. That’s because we need to balance the books,” Oyedele stated.
The fiscal policy expert said the government is prepared and determined to ensure that the right individuals pay taxes, noting that his committee is actively working to achieve the goal.
He added that the proposed changes are expected to take effect from January 2025, based on the passage of the bill by lawmakers.
For middle-income earners making N1.5m or less per month, Oyedele disclosed that their personal income tax obligations would decrease while those earning higher amounts would see incremental increases in their tax rates, eventually reaching 25 percent. Lower-income earners would be fully exempt from personal income tax.
The reforms also aim to ease the tax burden on businesses.
Oyedele noted: “Today, whatever VAT you (businesses) pay on assets—whether you’re building a factory, buying a laptop, or vehicles—you bear it. This increases your cost, and therefore, your pricing will go up. Once our reforms are implemented, you get the credit back 100 percent on services and assets.”
“People will pay tax once we decide that they have to pay. What we realize is that almost 90 per cent of people who are paying taxes are those who should not have been paying in the first place,” he said.
“So that’s where we came up with the data that 97 per cent of the informal sector should be formally exempted from taxes. People do not understand where we are coming from. They’re not the ones to pay taxes. They’re just trying to survive.”
Regarding how his committee is working to ensure the right individuals pay taxes, Oyedele said the team would utilise primary data identification channels to accurately bring the appropriate group of taxpayers into the tax bracket.
Additionally, the corporate income tax rate is set to drop from 30 per cent to 25 per cent which Oyedele described as “huge” for businesses. Other significant tax adjustments include a reduction or elimination of VAT on essential goods and services such as food, health, education, accommodation, and transportation.
These essential services make up a large portion of household expenditure for the lower-income population, and the proposed reforms aim to lessen their financial burden.
However, Oyedele acknowledged that not all sectors would benefit from reduced tax rates. For other goods and services, the VAT rate would increase to ensure the government’s revenue book balance.
He also pointed out that inflation had already acted as a “disorderly” tax on the population, eroding the value of their money without the need for legislation.
In addressing concerns over tax incentives and waivers, Oyedele argued that indiscriminate incentives harm the economy and that removing unnecessary incentives could relieve the business sector without costing the government revenue.
“We cannot give all the incentives you are asking for. We think the biggest low-hanging fruit is removing these incentives, and that’s exactly what we are doing,” Oyedele concluded.
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HoR Minority Caucus decries killings in Plateau, Benue states, urges immediate presidential decisive actions

The Minority Caucus in the House of Representatives has expressed serious concerns over killings in Plateau and Benue states demanding immediate presidential decisive actions.
This was contained in a statement jointly signed by leaders of the caucus, Rep Kingsley Chinda, leader, Rt. Hon. (Dr) Ali Isa J.C
Minority Whip ,Rt. Hon. Aliyu Madaki Deputy Minority Leader ,Rt. Hon. George Ozodinobi
Deputy Minority Whip.
The caucus in the statement outrightly condemned the disturbing trend of killings, maiming, and kidnapping of innocent people across the country.
” Following the killings of over 50 people in Bokkos, Plateau state; loss of many lives in twin attacks in Otukpo, Benue state, coming a few days after the Uromi, Edo state unfortunate incident, the Caucus is seriously worried about these growing acts of brigandage and unprovoked attacks on law-abiding citizens.
The Caucus is deeply concerned that with reckless abandon, deliberate disrespect for human lives, and disregard for the constitution of the Federal Republic of Nigeria, these marauders inflict merciless torture, unexplainable pains, and callous killings of helpless, and defenceless Nigerians.
These gruesome murders and the shedding of the blood of innocent lives happening in quick successions in three locations across the country, stands condemnable by every conscionable Nigerian.
The ferociousness and sporadic nature of the vicious actions perpetrated by yet unknown persons remains shocking.
Worried about the dangers this portends to the security of lives and properties of Nigerians; which is the main purpose of government, the Caucus calls on President Bola Tinubu to take deliberate, intentional, and timely decisions towards nipping the disturbing tide in the bud.
Good, he has directed that the perpetrators should be apprehended. However, given the severity of these incidents, and implications on national security, the Caucus urges the president; through the National Security Adviser to ensure that all security agencies embark on comprehensive and strategic collaboration towards arresting those involved in these heinous and gory incidents.
The government should ensure the immediate release of the numerous innocent people that were kidnapped during the dastardly incidents.
The Caucus commiserates with the government, and people of Plateau, and Benue states over the unfortunate incidents. The Caucus also expresses deep condolences to the families of the victims, and pray for the quick release of those kidnapped.
Finally, as a responsive and responsible group of lawmakers, the Caucus promises to pursue legislative actions; where and when necessary towards finding realistic solutions to these negative developments in our country.
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OERAF held memorial lecture on conflict resolution, security/safety of community in Nigeria

The Olotu and Rowland Ekuogbe Akpodiete Foundation (OERAF) on Tuesday 8th April, 2025 held memorial lecture on conflict resolution and security/safety of community in Nigeria, in honour of late chief Ekuogbe Rowland Akpodiete Ph.D, who was born on April 4th 1924 and passed on April 9th 1995.
The event which took place at the popular Ughelli Kingdom Hall, witnessed several brilliant security experts and government functionalities.
Presenting his brief opening speech, the Executive Director of Olotu and Rowland Ekuogbe Akpodiete Foundation, SPY CSP Olotu Otemu Akpodiete Ph.D (JP) revealed that over the years, the foundation has been touching lives and rendering community impact services across board.
He maintained that his late grand father was a great community leader per excellence and until his death, he was the spoke person (Otota) of the great Ughelli Kingdom. which is why as we celebrate his remembrance, I decided to use the opportunity to impact more lives.” He added.
On his part, the guest speaker of the event, Mr Sylvester Obose, CSS,MNIIS dealt wonderously on the topic.
According to him, Mr Sylvester said the training focuses on the definition, causes of conflict, and dynamics of conflicts.
He further said that the goal was to increase participants knowledge of the concept and study of conflict and conflicts prevention.
He concluded that the safety and security of our community is something that is of paramount importance. By implementing those measures presented to you today, everyone of us stand a better chance of making community safe and secured.
Dr Wilton T. Harry, MIS, CPP,DFCSI,FNIS, also spoke extensively on the same topic during the security training. He posited that the security of lives and properties is a collective responsibility.
The OERAF Executive Director also use the medium to register several others into the Delta State Contributory health insurance scheme.
Dignitaries present during the training were: Olorogun Major Patrick A. Egone Rtd, member Delta State Advisory Council, Chief Emmanuel Ogobene, member Delta State Advisory Council, Mr Edwin Asima, LGSC, Ughelli North Local Government, Chief. Mrs Grace Akpodiete, Deaconess Florence Enughwure, Bar. Agboka Akpodiete- Omale.
Other highlights of the event was the organizing of raffle draws for all the communities present and Ughelli Kingdom VGN, where Erhuwarien Community in Ughelli South LGA and Ekredjebo Community in Ughelli North LGA won security communication gadgets.
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NLC Warns Abure to Step Aside, Urges LP Members to Be on Standby

By Gloria Ikibah
The Nigeria Labour Congress (NLC) has issued a stern warning to Julius Abure, following the Supreme Court ruling on April 4, 2025, which declared the tenure of Mr. Abure and his National Working Committee (NWC) as expired and no longer legally recognized.
Despite the court’s clear ruling, Mr. Abure has continued to release statements insisting he remains the chairman of the Labour Party (LP). The NLC has strongly condemned his actions, describing them as “an affront” to the rule of law and the authority of Nigeria’s highest court.
In a statement signed by the NLC President, Comrade Joe Ajaero, the Congress accused Abure and his supporters of “crass disdain for decency” and warned that the patience of Nigerian workers and genuine LP members is wearing thin.
“The current affront of Mr. Julius Abure and co-travellers against the law… has convinced those who doubted our earlier position that Mr. Julius Abure and the few miscreants following him have sworn themselves to utter impunity,” the statement read.
The NLC also debunked allegations that it was planning to attack Labour Party offices, calling such claims false and a distraction from the real issue of compliance with the Supreme Court judgment.
“We use this medium to put every Nigerian worker, Labour Party member, and patriotic citizen on alert. We will no longer condone the antics of inconsequential characters like Mr. Julius Abure,” Ajaero said.
He added that the NLC and its allies would not stand by while the rule of law is undermined and urged all genuine members of the Labour Party to prepare to “peacefully repossess all offices of Labour Party nationwide.”
According to the statement, the NLC Political Commission and concerned stakeholders will soon issue directives on how this will be carried out. They also called on security agencies, especially the Nigeria Police and the DSS, to uphold their constitutional responsibilities and support the enforcement of the Supreme Court’s judgment.
The statement also urged the Independent National Electoral Commission (INEC) to fully comply with the court’s ruling by removing all traces of Mr. Abure and his team from its records.
To resolve the current leadership crisis in the Labour Party, the NLC said the remaining institutional members of the party’s National Executive Committee (NEC) are expected to appoint an interim leadership and organize a Special National Convention, as prescribed by the party’s constitution.
“A word is enough for the wise!” Ajaero added.
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