Tareq1105: Yes, deregulation and privatization of national assets to Atikulooter and his friends signing MOU between Nigerian Port Authority and Atikus Intel for waterways security protection for 25 years.
Is that the prosperity you're talking about? I'm happy that Adiza Bala Usman terminated the agreement when she was MD of NPA.
No, I am not talking about that.
I am talking about what economic experts acknowledge even when they have political differences with PDP strategists.
Abi you have a better overview of our economy than Wale Edun has
Nemere2020: The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
anonimi: How Indorama sustains manufacturers, boosts Nigeria’s FX earnings
Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.
The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.
Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.
The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.
The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.
ozo13: Political class that want to get to govt by all means.if u have listened to Ademilokun speech content u will know na no nonsense person.
When u look at this current guys that want to seize power from Tinubu, u will realize many of them were with him and even Buhari when Nigerians were still complaining of bad governance but are now talking as though they have the solution to what will make the country move forward.
The core of ADC is made up of the politicians who laid the foundation for 16 years deregulation and privatisation prosperity we enjoyed for 16 years before Tinubu packaged his 2011 expired Buhari as APC change messiah four years later.
Do you know anything that has changed for better in Nigeria since 2015? What is it
Lifestone: You so much hate Nigeria that any good news makes you sick!
You need deliverance
Is making Tinubu president, the deliverance that you gave him for hating our country to the point that good news about ending insecurity made him sick?
Truly, what a man sows is what he reaps.
EkoIle1: It is now abundantly clear that President Jonathan has finally bared his fangs confirming what was widely speculated. By declaring a state of emergency in Borno, Yobe and Adamawa, he has intimidated and emasculated the governors of these States. We are witnessing a dangerous trend in the art of governance and a deliberate ploy to subvert constitutional democracy.
The body language of the Jonathan administration leads any keen watcher of events with unmistakable conclusion of the existence of a surreptitious but barely disguised intention to muzzle the elected governments of these states for what is clearly a display of unpardonable mediocrity and diabolic partisanship geared towards 2015.
Borno and Yobe states have been literally under armies of occupation with the attendant excruciating hardship experienced daily by the indigenes and residents of these areas. This government now wants to use the excuse of the security challenges faced by the Governors to remove them from the states considered hostile to the 2015 PDP/Jonathan project.
Let me be quick to say that this administration will be setting in motion a chain of events the end of which nobody can predict. Experience has shown clearly that actions, such as this one under consideration, often give root to radical ideologies and extremist tendencies, a direct opposite of the intended outcome of unwarranted and unintelligent meddlesomeness. The present scenario playing out in the country reminds one of the classical case of a mediocre craftsman who continually blames the tools of his trade for his serial failure but refuses to look at his pitiable state with a view to adjusting.
It has become crystal clear, even to the most incurable optimist, that the country is adrift. That the ship of the Nigerian state is rudderless is clearly evident in the consistent and continual attacks ferociously executed by elements often referred to as the insurgents in some northern states of the federation, particularly Borno and Yobe states respectively.
Indeed, no part of the country is immune from the virulent but easy attacks, veritable indices of a failing state. Unfortunately, the tenuous and uncoordinated approach adopted by this government betrays a grossly incompetent disposition which stands at variance with current realities in the country, nay the international community where acts of terrorism are engaged and contained.
Depriest2020: When it comes to road infrastructure there's no comparison. APC stands tall.
Where does All Promises Cancelled, APC stand when it comes to widespread prosperity, low unemployment, low inflation, low insecurity, low corruption etc?
Do the progreThieves stand anywhere nearly as tall as their PDP deregulation and privatisation opponents
thisweekng: The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.” Private sector to drive the economy
Who are you to deal with any terrorist ruthlessly or ruth-fully?
Are you Nigeria’s CinC? The balablu tax monster planner who brags about hitting his higher revenue target in August and not borrowing! The guy who only knows how to squeeze IGR out of the masses but is clueless about securing the lives and properties of Nigerians.
Has he not been negotiating with terrorists to release a few hostages while keeping the rest
Maxymilliano: The presidential candidate of the All Progressives Congress (APC) Asiwaju Bola Ahmed Tinubu has explained why he delegated some members of the party to respond to questions posed to him. According to the former Lagos Governor, he adopted the delegation method “to show team-ship”.
Tinubu spoke at the Chatham House lecture titled: ‘Nigeria’s 2023 elections: In conversation with Bola Ahmed Tinubu’, monitored by The Nation.
At the lecture, Tinubu after his opening remarks, assigned Kaduna Governor Nasir El-Rufai to speak on how his (Tinubu-led) government would address insecurity and asked the Director of Strategic Communication of the All Progressives Congress (APC) Presidential Campaign Council, Dele Aleke, to respond to the question on oil theft.
ERockson: Maiyehti Allah is the terrorist organization and this Bandits are their foot soldiers
Our president disagrees with you.
He knows that Fulanis are peaceful cowboys, just as his predecessor also knows that the east side is the only place where criminals are. Nowhere else.
Highways: Where Are The Cows? Is Evans A Herdsman?'
When Funke Olakurin, daughter of Afenifere leader, Pa Reuben Fasoranti was murdered instead of Bola Tinubu to make sure that the perpetrators were brought to book, he ended up making fun of the death of the young lady by turning everything into tribalism by showing his hates for Igbos.
Tinubu has never spoken against the deadly activities of Fulani herdsmen across the country
The same stand Adeyinka Grandson gave on the death of Fasoranti's daughter is where Tinubu, the leader of the Yoruba Conservatives stands. Please see Tinubu's video below. pic.twitter.com/COhiSvabqW
— Adeyinka Grandson (@deyinkagrandson) July 14, 2019
Mrs Olakunrin died of gunshot wounds in July 2019 after her vehicle was attacked by armed men, suspected to be marauding Fulani bandits whose violent activities had reached a frightening level across the southwest states.
Those arrested suspects include Lawal Mazaje, 40, from Felele area of Kogi State; Adamu Adamu, 50, from Jada area of Adamawa State; Mohammed Usman, 26, from Illela area of Sokoto State and Auwal Abubakar, 25, from Shinkafi area of Zamfara State....
However, the leader of the team, identified only as Tambaya, and three others are yet to be found.
Tambaya has been declared wanted by the police and he is said to be capable of communicating in Hausa, Fulfude and Pidgin English.
Sonnobax15: Are these modern South Africans aware that our own Obj spent millions of our dollars just to see them emancipated and they're yet to repay such debts?
Honestly, freedom doesn't look good on these generation of south Africans
How do you expect them to repay the debt, which they have not done in the last three decades? How
Why have we lagged behind them in development such that we are waiting for them to repay our kindness?
Freshtruth: who ever post this is trying hard to make ridicule of Daddy Adeboye so that people can come and insult him but he does not kw he bringing curses into his life.
Pastor adeboye did no wrong here
How can a god of men do any wrong to his sheeplee
Do you know what Jesus Christ told the tax collector BEFORE he declared salvation into his household?
If Adeboye can see witches and wizards that are destroying the progress of those who see him as their intermediary to god, then why is he failing to see money obtained through corrupt means
PigTormentor: Olodo,instead of you to learn something while in school, I'm sure that you were busy with cultisim and paying others for help with your studies.
Do you understand the difference between private business and government controlled subsidized operations? Moomoo , go back 5o night school and get some knowledge.
Was that why your balablu idol promised to crash petrol price in January 2023 but has hiked it since he was allowed into Aso Rock?
When are you sending him back to school to get some knowledge, instead of doing cultism and selling the white powder in Reno's documentary
Deltafirstson: Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.
In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.
Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.
Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.
At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.
However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.
“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.
LagosOrigin: It's the audacity of this herdsmen for me..
Na yoruba bring this "see finish" on themselves
Kindly note that Tinubu ayederu alone does not equate Yorubas, just as Peter Obi does not equate Igbos.
Tinubu is responsible for his balablu asslicking of northers for his Emilokan chance at worsening APC extreme poverty shege.
Highways: Where Are The Cows? Is Evans A Herdsman?'
When Funke Olakurin, daughter of Afenifere leader, Pa Reuben Fasoranti was murdered instead of Bola Tinubu to make sure that the perpetrators were brought to book, he ended up making fun of the death of the young lady by turning everything into tribalism by showing his hates for Igbos.
Tinubu has never spoken against the deadly activities of Fulani herdsmen across the country
The same stand Adeyinka Grandson gave on the death of Fasoranti's daughter is where Tinubu, the leader of the Yoruba Conservatives stands. Please see Tinubu's video below. pic.twitter.com/COhiSvabqW
— Adeyinka Grandson (@deyinkagrandson) July 14, 2019
Mrs Olakunrin died of gunshot wounds in July 2019 after her vehicle was attacked by armed men, suspected to be marauding Fulani bandits whose violent activities had reached a frightening level across the southwest states.
Those arrested suspects include Lawal Mazaje, 40, from Felele area of Kogi State; Adamu Adamu, 50, from Jada area of Adamawa State; Mohammed Usman, 26, from Illela area of Sokoto State and Auwal Abubakar, 25, from Shinkafi area of Zamfara State....
However, the leader of the team, identified only as Tambaya, and three others are yet to be found.
Tambaya has been declared wanted by the police and he is said to be capable of communicating in Hausa, Fulfude and Pidgin English.
ogododo: On January 28, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said with sustained competition, the prices of petrol, diesel, and liquefied petroleum gas (LPG) will keep decreasing across the country.
Saidu Mohammed, the NMDPRA’s chief executive officer (CEO), said Nigerians are steadily moving toward more affordable energy, as improved supply continues to support price stability.
“Sustained competition, rather than subsidies, will guarantee adequate supply of petrol and gas at affordable prices for Nigerians,” he said.
Mohammed explained that the removal of the petrol subsidy has enabled market forces to operate effectively, enhancing efficiency throughout the downstream sector.
Is he talking about sustained competition from NNPC refineries that have been working since late 2015, with the one in PH exporting fuel since December 2024?
It's good to see the impact of 2016 susbisdy removal finally coming through in greater competition after a decade.
The Vice President, Professor Yemi Osinbajo, has disclosed that the federal government has so far saved the sum of N1.4 trillion for not paying oil subsidy.
He also assured Nigerians that very soon, the foreign exchange market would stabilise going by some radical policies already introduced by the Central Bank of Nigeria (CBN).
The vice president who spoke in Kano yesterday during the third day of the 15th Joint Planning Board and National Council on Development meeting, urged Nigerians to restore confidence in President Muhammadu Buhari’s administration, insisting that soonest, the current economic problems would become a thing of the past.
“With the deregulation of the downstream petroleum sector, there has been a significant increase in the availability of petrol throughout the country for the savings of N1.4 trillion on subsidy payments alone,” he said.
“Also, a more flexible exchange rate regime, we will have to decrease the pressure on the external reserve. In the short run of course, there should be consequences for inflation. We expect that with greater priority we have seen in the implementation of the policy by the CBN, the foreign exchange market will stabilise and confidence will be restored.
The truth is pretrol price should not be more than 400 naira as a oil producing nation
How can he be funny for recycling the propaganda fake hope that we were given by All Promises Cancelled, APC stalwarts 11 years ago before we swapped PDP prosperity for their extreme poverty shege
Buhari’ll reduce petrol to N40/L —David-West
FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”
PigTormentor: Price of fuel is not supposed to be static. It goes up and down. That's why you have around the world.
It is dictated by many factors including cost of global oil and other factors.
Balablu propaganda defence by Stockholm syndrome sufferers who are suddenly patriotic unlike before 2015.
Were the many factors absent when we had PDP deregulation and privatisation prosperity
By how much are 200 million Nigerians forced to subsidise the massive corruption in APC's oil sector since 2015?
anonimi: Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
In 2026,an oil producing country is suffering for lack of petrol
APC will perish.
It will take a lot of work to unite the opposition politicians for APC to perish with their extreme poverty palliative sharing progreThief policies.
If we don't work to unite the opposition, we can't return to the deregulation and privatisation policies of PDP politicians that gave us 16 years of prosperity,
Otherwise, Tinubu will continue his balablu cluelessness, despite having less votes than the opppsoition combined like in 2023.
gaskiyamagana: 2018 was forged with 'inconclusive' electoral malpractice grammar.
The inconclusive result was orchestrated by Aso Rock remote control of APC's incorruptible Buhari before Omisore's SDP helped them in the rerun to have 500 margin.
That one was duly rewarded with APC National Secretary post despite his murder and corruption allegations.
joshepade: What has a beginning must definitely have an end.
Wike, welcome to the beginning of your end
.....................as predicted several years ago by Sheriff.
anonimi: "Wike and Fayose have brought shame to PDP" -Ali Modu Sheriff
According to him, he will restructure the PDP in such a way that Wike and Fayose cannot contain because they have brought “shame” to the party. Read what he said below
“I will engineer a restructuring of the PDP such that characters like Wike and Fayose cannot find a way through to attain any position of prominence in our party in the future. They have brought shame and agony through the application of their crude and godless politics which is at variance with the principles upon which our founding fathers built our great party.
We must find a way to sieve things so that only men of character and integrity can come through for positions of responsibility at all levels of our political engagement in the country. We must urgently steer the ship of PDP clear of the path of infamy which Wike and Fayose have brought our party, making Nigerians to mistake PDP as a training ground for thugs.
That is the urgent task we have. We cannot continue to advertise thug brand and expect Nigerians to take us seriously”.
discusant: Wike got job of Minister because he falsified presidential election results in Rivers State to favour Bola Tinubu.
That was how he manipulated PDP 2023 primaries to favour him but failed woefully too.
anonimi: Wike lobbied PDP committee to be Atiku’s running mate – Ex-gov’ship aspirant
Thu, 29 Sep 2022 14:33:04 WAT
Muazu Magaji, a former governorship aspirant of the Peoples Democratic Party in Kano State, has alleged that the Governor of Rivers State, Nyesom Wike, lobbied members of the party’s committee constituted to advise the presidential candidate, Atiku Abubakar, on the choice of his running mate.
Magaji disclosed this while speaking on Channels TV’s Sunrise Daily, on Thursday.
The Kano politician also argued that there was no proof that Atiku promised Wike the vice president position as claimed.
The PDP committee had recommended the Governor of Delta State, Ifeanyi Okowa; Governor of Akwa Ibom State, Udom Emmanuel and Wike.
The committee, however, scored Wike above the other two contenders but Atiku decided to settle for Okowa. A decision that has since unsettled Wike’s camp.
Magaji, however, claimed that Wike lobbied to be scored ahead of others, adding that the Rivers State governor should not be trusted with important positions in the country.
2023: PDP and politics of healing Wike’s self-inflicted injury
Then, the race began in earnest for three years now, reaching a frenzy with the works of the two PDP committees on zoning. The first was the Gov Ifeanyi Ugwuanyi committee on the zoning of the PDP party offices. The Ugwuanyi committee quickly told the world the committee’s assignment did not cover zoning the office of the president. Though this was true, the question is: why didn’t the Ugwuanyi committee zone the PDP chairmanship to the North without aligning it to the divide that would produce the PDP presidential flag-bearer? The second committee headed by Gov Samuel Ortom of Benue state was specifically on the zoning of the presidential ticket and, with the votes of the representatives of all the 17 Southern states without any exception, the Committee unanimously recommended throwing open the PDP presidential ticket, which the PDP NEC simply upheld.
One thing irrefutably stands out – Wike shot himself in the leg. Here was a man who had an overarching influence on both committees but could not insist that the ticket be zoned South. Many had wondered why? The reason is also relatively in plain sight: the Southeast factor. As the clamour for zoning of the presidential ticket of the PDP to South reached its crescendo, many had pointed out the fact that though the PDP Constitution had prescribed zoning of the office of the president to be between North and South since the South-west and South-south had taken their turns in producing the president and the vice in this current dispensation in the persons of Olusegun Obasanjo and Goodluck Jonathan, zoning this time around, should not just be to the South but the Southeast.
Atiku Abubakar went a step further by offering to step down from the race if it would be agreed that the touted zoning to the South would mean micro-zoning to the Southeast. Wike and the rest could not take the Atiku challenge maybe because Atiku would likely back Peter Obi, who was his vice-presidential running mate in 2019 and an ally. The prospects of Peter Obi picking the ticket if PDP zoned South was so real compelling Wike to go for an open contest, believing he could pick it up ahead of Atiku, Tambuwal and Bala Mohammed, given his large war chest.
ddippset: Says a man who hijacked the party and singlehandedly produced the last 4 National Chairmen of the party for his own selfishness.
Says a man who accepted nomination to be running mate to Fulani Atiku. He knew it was injustice to give Atiku the ticket yet he lobbied to be the VP.
He knew the party had to go South for the 2023 election, yet he still put Secondus as National Chaiman just to hijack the party.. Only to push Secondus out because he wanted the ticket 2023.
This man remains the biggest problem of PDP.
He can only deceive and fool his minions, not reasonable people.
gaskiyamagana: He will win but one must fear the insignificant few that forget Tax reform on the country legislature and more than 200, 000, 000 millions citizens.
In other words, if they do that, what will make it impossible for them to forge votes that is not up to 1, 000, 000?
What would make a good student of history that Emilokan supposedly is, try to revive the ghost of NPN's 1983 electoral fiasco that gave Buhari the opportunity for the only successful coup against democratic institutions?
Democratic institutions of LGA councillors and chairmen, state lawmakers and governors, representatives, senators and president Shagari!
hollowpot15684: Adeleke commited a blunder by moving to Accord.
He lost his popularity, and will pay for it.
Has he lost his popularity more than Osun workers lost their salatries under A-looter Propaganda Congress, APC who are playing politics of desperation in their bid to fight for and grab power to run aimlessly with it like their Aso Rock godfather has been doing since May 2023
Just came to catch cruise, see Peller too. Yeye People.
Who else could have given him permission if not the same All Promises Cancelled, APC leaders looters who gave America permission to invade our country, killing innocent northerners under the guise of looking for Muslim terrorists who they claim are committing genocide against Christians
The Permanent Secretary, Office of Drainage Services and Water Resources in Lagos State, Mahmood Adegbite, has said that people drilling borehole in the Lekki axis of the state is probably drinking ‘’shit water.”
While speaking at a stakeholders meeting in the state recently, Adegbite noted that contaminated boreholes in Lekki pose health risk and added that treatment of waste water would eradicate any form of disease that may arise from it.
He said, “On waste water treatment, I will say that everyone digging borehole within the Lekki axis is probably drinking what I will call ‘shit water.’
An employee in the financial services sector, described the increment as minimal. “Mine increased, oh, just a little, sha,” she said.
That increase is about some thousands according to one employee that said his own increment was #5000. Just imagine if #50 naira was removed from their salary...lol
Who can be a greater sadist than the Lagos TAX monster planner who confused 200 million Nigerians to accept his 2011 expired Buhari as APC change messiah four years later?
Prospect of a possible alliance between the Action Congress of Nigeria, ACN and Congress for Progressive Change, CPC, was dashed yesterday in Kano as the leader of the party and former governor of Lagos State, Asiwaju Ahmed Bola Tinubu described CPC as parading “expired leadership.”
Tinubu told ACN supporters in Kano during the party’s Presidential rally that: “What Nigerians need now is a transformation in leadership” as obtained in the advanced economy.
The two-term Governor of Lagos State explained that the leadership of ACN was offering Nigeria the brilliance of Nuhu Ribadu who, he said, is in the class of Nicolas Sarkozi of France, David Cameron of Britain, Medvedev of Russia and Barack Obama of the United States of America.
“What has CPC got to offer? We certainly don’t need expired leadership as we are offering the best in terms of brilliance, courage and patriotism in the class of Sarkozi of France, David Cameron of Britain and Barack Obama of the USA.”
Tinubu’s position came on the heels of Ribadu’s declaration penultimate week in Kaduna when he hinted during a political rally of a joint ticket between the two opposition parties to confront the dominance of the Peoples Democratic Party, PDP.
The national leader of ACN criticised President Goodluck Jonathan for shying away from the national debate held last Friday, stressing that”that singular act exposed Jonathan as a coward who has nothing to offer.”
9jatriot: This is what Oyedele has been saying fof almost one year now but people will prefer to lister to uninformed bloggers, unintelligent opposition and fellow lazy people.
They have been claiming that the tax law was forced, ask them to tell where one value was approved by the senate and the value was changed when signed they cannot tell you.
Oyedele has consistently said the only alterations he is aware of are a few grammatical errors on inconsistencies noticed, that is what these noise makers are amplifying as if they noticed very serious infringements.
>>>>>>>>>>>>> >>>>>>>>>>>>>>>>
Hopefully you are not a school na scam progreThief APC follower.
Reps Minority Committee Confirms ‘Alterations’ In Gazetted Tax Laws
The committee, in its preliminary findings, confirmed that alterations were made, especially in the Nigeria Tax Administration Act, 2025.
“The Nigeria Tax Administration Act (NTAA), 2025, has a number of discrepancies from the version passed by the National Assembly and the version earlier published in the official gazette. These discrepancies are obvious, going by the released Certified True Copies (CTCs) by the House referenced earlier,” it stated.
Citing section 29(1) and 41 (8 and 9) on reporting thresholds, introducing new subsections, and prescribing a mandatory 20 per cent deposit for appeals, respectively, the committee said, “While the NASS Certified version provided for a tax compliance reporting threshold of ₦50 million for individuals and ₦100 million for companies, the gazetted version lowered the reporting thresholds for individuals to (₦25 million from ₦50 million) and (₦100 million from ₦250 million) for companies.
“This is a clear case of the Executive undermining legislative powers by illegally altering an already passed law to drag more taxpayers into the net.
“The gazetted version introduced new subsections 41( and 41(9), which required taxpayers to deposit 20 per cent of the disputed tax amount as a condition for appealing Tax Appeal Tribunal (TAT) decisions to the High Court. These sections were not in the authentic version passed by NASS.”
On Section 64, dealing with enforcement and power of arrest, it said that the gazetted law illegally increased the powers of the tax authority to include the power to arrest individuals suspected of tax violations through law enforcement agencies, and allowed for the sale of seized assets without a court order.
Citing Section 3(1) (b), which focuses on the definition of federal taxes, the panel said that while the NASS certified version defines Federal taxes to include income tax, petroleum income tax, stamp duties, and VAT, the gazetted version removed petroleum income tax and VAT from the definition of taxes under the federal government’s administration.
“We consider this an affront to the exclusive powers of the National Assembly to make laws,” it said.
“Section 39(3): Currency of Tax Computation. The illegally altered gazetted Act mandated that tax computations for petroleum operations be made in US dollars. But in the actual version passed by the National Assembly, it prescribed tax calculations in the currency of the transaction,” it added.
On Section 30(1) (d), & 30(3) — National Assembly Oversight Provisions — of the Nigerian Revenue Service (Establishment) Act, it disclosed that it observed, “with grave concern,” that while the authentic version passed by NASS provided that NASS can summon, demand reports or enforce accountability in line with its constitutional role of oversight, the altered gazetted version “curiously deleted” this provision requiring quarterly and annual reporting to parliament regarding the Nigeria Revenue Services, in total disregard and disrespect of the institution of the National Assembly and the doctrine of checks and balances, an important bedrock of democracy.
Ofunaofu: The way this government and its hordes of supporters celebrate this tax law, you’d think it were the greatest achievement in human history, a magic wand meant to usher in the economic boom and prosperity Nigerians have long been yearning for.
What do you expect from people who celebrate stability of the Naira exchange rate to the dollar at N1,500, even though the Lagos TAX monster planner promised N300/$1 in the short term over 32 months ago? The blind BATolomeus loyalists don't care that Tinubu used SPV future oil revenues to borrow $3.3 billion from Afreximbank specifically to defend the Naira almost two years ago.
What do you expect from people who rejoice at N5 reduction in fuel price to N910, instead of the crash promised by Emilokan in January 2023 when petrol was N197?
By how much are 200 million Nigerians subsidising the massive corruption in APC oil sector now, for every litre of petrol
anonimi: Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
Jagaban2012: ....yet your people still use trucks and lorries to pack themselves like sardines or refugees to come and hustle for Lagos...it is because most of your lands are barren and unfruitful... Your unwise comment makes me laugh
Mention tropical rain city environment in the world like Lagos ....who doesn't experience flood. ...
Why do you think that I am an ayederu person like Tinubu, whose surname is different from that of his Mogaji mother
Politics › Re: 2 Members Say ADC Didn't Seek Consent Before Adding Them To "50 Wise Men" List by anonimi: 7:59am On Jan 29
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and 41(9), which required taxpayers to deposit 20 per cent of the disputed tax amount as a condition for appealing Tax Appeal Tribunal (TAT) decisions to the High Court. These sections were not in the authentic version passed by NASS.”