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 Politics › Tax Laws: Lawmakers Could Halt January 2026 Rollout Over Alleged Alteration – Oy by igatit(op): 9:14pm On Dec 22, 2025 |
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the National Assembly has the constitutional power to suspend the planned January 2026 implementation of Nigeria’s tax reform laws. Oyedele stated this on Monday during Channels Television interview while reacting to allegations that parts of the tax laws passed by the National Assembly were altered in the gazetted copies. According to Oyedele, even before the allegation of alteration emerged, there had been growing calls from some quarters for the suspension of the tax reforms. He noted that opposition to the reforms has been driven largely by misinformation and fear rather than the substance of the laws. What Oyedele is saying? The tax reform committee Chairman stressed that any decision to postpone implementation is beyond the remit of the tax reform committee and lies squarely with lawmakers. “If we even want to postpone the implementation of the law, it has to be the lawmakers. That’s far beyond my pay grade. “That decision has to be made, and I believe that decision for them will be a function of what their findings from this investigation reveal,” he said. Oyedele, however, warned that suspending or delaying the reforms would mean maintaining a tax system that disproportionately burdens low-income earners and small businesses. He said the current framework leaves about 98%of workers overtaxed, while small businesses continue to face multiple taxes without benefiting from exemptions. According to him, minimum taxes would also continue to apply to low-income earners and non-profitable businesses if the reforms are halted. He further noted that the existing value-added tax structure continues to push up the cost of basic consumption such as food, healthcare, and education, while wasteful and distortionary tax incentives remain in place. “So we need to be clear about what we are asking for,” Oyedele said, adding that calls for suspension must be weighed against the economic and social costs of maintaining the status quo. Nairametrics Home Economy Tax laws: Lawmakers could halt January 2026 rollout over alleged alteration – Oyedele Samson Akintaro by Samson Akintaro December 22, 2025 Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the National Assembly has the constitutional power to suspend the planned January 2026 implementation of Nigeria’s tax reform laws. Oyedele stated this on Monday during Channels Television interview while reacting to allegations that parts of the tax laws passed by the National Assembly were altered in the gazetted copies. According to Oyedele, even before the allegation of alteration emerged, there had been growing calls from some quarters for the suspension of the tax reforms. MoreStories Trump Tariff of Countries List US tariffs hit Nigeria’s exports as shipments to America fall N940.98 billion December 22, 2025 Top 10 African Countries with the highest lending rate as of October 2025 Africa’s most expensive countries to borrow money in December 2025 December 22, 2025 He noted that opposition to the reforms has been driven largely by misinformation and fear rather than the substance of the laws. What Oyedele is saying The tax reform committee Chairman stressed that any decision to postpone implementation is beyond the remit of the tax reform committee and lies squarely with lawmakers. News continues after this ad “If we even want to postpone the implementation of the law, it has to be the lawmakers. That’s far beyond my pay grade. “That decision has to be made, and I believe that decision for them will be a function of what their findings from this investigation reveal,” he said. Oyedele, however, warned that suspending or delaying the reforms would mean maintaining a tax system that disproportionately burdens low-income earners and small businesses. News continues after this ad He said the current framework leaves about 98%of workers overtaxed, while small businesses continue to face multiple taxes without benefiting from exemptions. According to him, minimum taxes would also continue to apply to low-income earners and non-profitable businesses if the reforms are halted. He further noted that the existing value-added tax structure continues to push up the cost of basic consumption such as food, healthcare, and education, while wasteful and distortionary tax incentives remain in place. “So we need to be clear about what we are asking for,” Oyedele said, adding that calls for suspension must be weighed against the economic and social costs of maintaining the status quo. Implement law as passed, isolate any alterations Oyedele said that even if investigations establish that substantial alterations were made to the laws after passage, those provisions should simply be identified and treated as invalid. His position, he explained, would be to proceed with implementing the law as passed by the National Assembly, while separately addressing how the disputed provisions were introduced and what corrective actions should follow. He accused some interests of mobilising unsuspecting Nigerians to oppose reforms that are designed to benefit the wider population by spreading fear and misinformation. Manual processes may have enabled alterations Speaking on what may have led to the alleged discrepancies, Oyedele pointed to systemic weaknesses and heavy reliance on manual processes across the legislative and executive workflow. He explained that amendments to bills pass through multiple stages, from note-taking during legislative debates to harmonisation between the House of Representatives and the Senate, legal review at the Ministry of Justice, presidential assent, and eventual gazetting, all of which involve manual handling. According to him, the absence of strong quality assurance mechanisms at these stages creates room for errors or unintended changes, not just for the tax laws but for legislation more broadly. Oyedele said the controversy should be treated as an opportunity to strengthen the lawmaking and gazetting process going forward, ensuring that laws passed by the National Assembly are not tampered with and accurately reflect legislative intent. Backstory Last week, a member of the House of Representatives, Hon. Abdulsammad Dasuki (PDP, Sokoto), had raised concerns over alleged discrepancies between the newly gazetted tax reform laws and the versions passed by the National Assembly. According to him, his review of the gazetted copies of the tax laws revealed material differences from what was debated, harmonised, and approved by the House of Representatives and the Senate. Dasuki said he compared the vote and proceedings of the House, the Senate’s records, and the harmonised versions with the gazetted copies currently in circulation and noticed alterations. The House promised to investigate the claims, and this has heightened the calls for the suspension of the implementation of the laws billed for January 2026. https://nairametrics.com/2025/12/22/tax-laws-lawmakers-could-halt-january-2026-rollout-over-alleged-alteration-oyedele/
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| Politics › FCCPC Unseals Ikeja Electric HQ After Compliance Undertaking On Consumer Rights by igatit(op): 5:08pm On Dec 19, 2025 |
The Federal Competition and Consumer Protection Commission, FCCPC, has lifted the seal placed on the headquarters of Ikeja Electric Plc after the power firm agreed to comply with regulatory directives over consumer rights violations.https://www.vanguardngr.com/2025/12/fccpc-unseals-ikeja-electric-hqtrs-after-compliance-undertaking-on-consumer-rights/ 2 Likes
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| Politics › Re: US Treats Nigeria’s Security Crisis With “Unmistakable Seriousness" - Showunmi by igatit: 9:11pm On Dec 14, 2025 |
I read some comments here. Some people are saying US should leave us to handle our internal issues. I laugh in swahili. We don't have what it take to handle the security situation in Nigeria. An urgent and capable foreign help is needed to put a stop to all these nonsense going on. We are too divided to resolve security issues. There are too many individuals who are sympathetic towards those causing the insecurity. A lot of these people are in government. For years the Nigerian government has been trying to fix security issues, but those in charge are not allowing the situation improve for selfish reasons. It's appalling. |
| Politics › Lagos Frets Over Planned Reactivation Of Other Ports by igatit(op): 4:56pm On Dec 14, 2025 |
Lagos Frets over Planned Reactivation of Other Ports Nigeria’s ongoing battle for port efficiency has taken a new turn following Governor Babajide Sanwo-Olu’s sharp remarks on the state of the nation’s maritime gateways. His comments have reignited scrutiny of how Lagos and other ports measure up in terms of capacity, competitiveness, and national relevance, writes Festus Akanbi The renewed debate over the future of Nigeria’s maritime gateways erupted last week after the League of Maritime Editors (LOME) publicly criticised Lagos State Governor Babajide Sanwo-Olu for comments interpreted as unease over the reactivation of ports in Warri, Onne, and Calabar. What should have passed as a routine sectoral remark has snowballed into a national conversation, touching on economic geography, political sensitivities, inter-agency reforms, and the broader struggle to modernise Nigeria’s logistics backbone. For decades, the Apapa and Tin Can Island ports have functioned as the country’s dominant trade arteries. Their rise dates back to colonial-era planning and post-independence investments that cemented Lagos as Nigeria’s industrial and commercial nerve centre. These historical advantages created a gravitational pull, drawing shipping lines, freight forwarders, manufacturers, bonded terminals, and a broad ecosystem of businesses to Lagos. Today, the city handles between 70 and 80 per cent of national imports, a dominance that has become both an economic strength and a structural liability. Structural Liability That liability is seen most clearly in the dramatic congestion that has defined Lagos ports for more than a decade. Endless queues of trucks, dilapidated access roads, chaotic traffic flows, and extortion by non-state actors have long frustrated shippers. Even with reforms introduced by the Nigerian Ports Authority (NPA) and its technology partner, Trucks Transit Parks (TTP), the corridor is still recovering from years of inefficiency. Billions have been spent, electronic call-up systems have been deployed, and traffic management frameworks have been strengthened. Yet Lagos continues to handle more cargo than its infrastructure was built to handle. Reducing Logistics Costs This context explains why the federal government has intensified efforts to revive neglected ports outside Lagos. The Warri, Onne, and Calabar ports, each with its own historical and strategic value, are now seen as crucial to reducing national logistics costs, stimulating regional development, and easing pressure on Lagos. The NPA’s Managing Director, Dr. Abubakar Dantsoho, has repeatedly emphasised that Nigeria cannot afford a single-city port model. In this context, AUDA/NEPAD, transport economists, shippers’ groups, and industry analysts have argued for a more balanced maritime ecosystem that distributes cargo volumes in line with regional productive capacity. It was against this backdrop that LOME interpreted Governor Sanwo-Olu’s remarks as an attempt to preserve Lagos’ dominance at the expense of national efficiency. In a strongly worded statement, the group accused the governor of resisting a reform process that benefits the broader Nigerian economy. They argued that Nigeria’s logistics chain is too vast and complex to continue relying on a single state, particularly one already struggling with urban congestion and infrastructure strain. LOME insisted that the revival of Warri, Onne, and Calabar is not a threat to Lagos but rather an inevitable step toward creating a more competitive maritime system. Yet to reduce Lagos’ position to simple resistance would be to ignore the deeper economic considerations. Lagos officials have long maintained that the state is not opposed to the growth of other ports but is concerned about the risk of sudden cargo diversion without parallel investment in nationwide logistics infrastructure. In their view, Lagos hosts the densest cluster of manufacturers, importers, exporters, and service providers in West Africa; a significant rerouting of cargo could disrupt production cycles, alter supply chains, and even destabilise revenue streams on which the state depends. Their argument is not entirely without merit: the success of non-Lagos ports depends heavily on dredging, waterway security, hinterland rail links, and modern cargo-handling systems, areas where progress has been uneven. This is why the current disagreement is less a clash of political interests and more a question of sequencing. Should Nigeria first invest heavily in upgrading alternative ports before shifting cargo? Should Lagos be further modernised to stabilise current volumes? Or should both happen simultaneously under a coordinated national ports strategy? These are the questions that policymakers have been grappling with, often without clear answers. Meanwhile, Lagos’ port reforms, although imperfect, have begun producing tangible results. The Ètò electronic call-up system introduced by NPA and operated by TTP has processed more than three million truck journeys. The company says its N4.2 billion investment has helped reduce haulage costs by up to 65 per cent since 2021. Recent improvements include the deployment of electronic barriers at all terminal gates, eliminating many loopholes that allowed trucks to bypass procedures. In addition, truckers are now required to adhere to a structured movement schedule that prioritises safety and efficiency. Stakeholders such as the Association of Maritime Truck Owners (AMATO) argue that the narrative of constant congestion in Apapa is outdated. In their view, the corridor is significantly more organised, with reduced waiting times and fewer traffic breakdowns. But this view contrasts sharply with the assessments of the Nigerian Association of Road Transport Owners (NARTO), whose president, Yusuf Othman, has highlighted persistent extortion, uncoordinated identity checks, and ageing truck fleets as ongoing barriers to efficiency. He acknowledged that Lagos is moving in the right direction but insists that loopholes remain, loopholes that must be sealed if the city is to maintain its role in the wider maritime chain. The Lagos State Government has also attempted to improve safety by announcing plans to inject 2,000 compressed natural gas (CNG) trucks into the haulage system. Officials argue that this will reduce accidents, cut emissions, and improve last-mile cargo evacuation. But industry players caution that technology alone cannot solve systemic problems. They argue that a holistic solution must include road reconstruction, consistent enforcement, and a unified command system for traffic management. These domestic debates carry broader economic implications. Nigeria’s logistics chain is among the most expensive in Africa, with long dwell times, cumbersome processes, and unpredictable trucking costs. Economic studies have consistently shown that the concentration of maritime activity in Lagos contributes to these costs through bottlenecks and inefficiencies. Reviving the Warri, Calabar, and Onne ports could more evenly distribute economic activity across the regions, shorten the supply chain for Eastern and Northern manufacturers, and reduce overall transport costs. But these outcomes hinge on significant investments in dredging, security, road and rail links, and modern cargo-handling technologies. Lagos at Crossroads Lagos, for its part, stands at a crossroads. A gradual shift of cargo to other ports could reduce environmental strain, ease road congestion, and support a transition toward a more high-value logistics ecosystem. But without careful planning, it could also undermine local businesses, shrink port-related revenues, and disrupt industries built around the Apapa–Tin Can axis. The choice is therefore not binary: Nigeria does not have to choose between Lagos and the other ports. What the country needs is an integrated national maritime strategy that assigns roles, coordinates investment, and ensures that no port operates in isolation. There are signs that such thinking may finally be taking root. The federal government’s push for a National Single Window, designed to harmonise documentation across all ports, reflects a desire to modernise the entire system. NPA’s plans to expand the Ètò platform into states such as Cross River, Abia, Bauchi, and Kaduna illustrate its commitment to a unified logistics framework. Meanwhile, the rehabilitation of rail corridors linking ports to inland terminals, particularly the Lagos–Ibadan standard gauge, suggests a growing recognition that ports are only as efficient as their evacuation mechanisms. The controversy sparked by Sanwo-Olu’s remarks may therefore have an unintended but constructive effect: it has forced Nigeria to confront the reality that its maritime system is at a turning point. Lagos has borne the burden of national trade for decades, often at high cost to its infrastructure and residents. Other ports offer relief, but only if they are equipped, governed and connected to meet global standards. The task now is to blend Lagos’ experience with the strategic potential of the eastern and Niger Delta ports to create a maritime network capable of supporting Africa’s largest economy. In the end, Nigeria’s maritime future should not be framed as a turf war between Lagos and the rest. Instead, it should be seen as an opportunity to build a diverse, resilient, and efficient port system in which each location plays to its strengths. Suppose this moment becomes a catalyst for coordinated national planning, transparent investment, and genuine reform. In that case, the controversy may prove to be a turning point in Nigeria’s quest for a modern, competitive logistics architecture. https://www.thisdaylive.com/2025/12/14/lagos-frets-over-planned-reactivation-of-other-ports/
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| Politics › Re: FG Mandates TIN For All Taxable Bank Account Holders From January 2026 by igatit(op): 8:48pm On Dec 13, 2025 |
Your customers will pay the tax. For example, if the cost of building website is 200k, you will need to add 7.5% (15000) tax to the 200k.So the customer will pay a total of 215000. Make sure to give your customer an invoice. And ensure the tax amount is stated on the invoice. Same thing goes with transfer as well. Marindotijnr: 1 Like |
| Politics › No Bank Account Will Be Debited Under New Tax Laws, Oyedele Assures by igatit(op): 3:09pm On Dec 13, 2025 |
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has reassured Nigerians that with the implementation of the new tax law commencing in January 2026, no authority has the power to deduct money directly from individuals’ bank accounts, insisting that the fear of arbitrary debits was unfounded and dangerous for the financial system. Speaking during an engagement session with journalists, Oyedele stressed that despite misconceptions circulating on social media, neither the Federal Inland Revenue Service (FIRS), the Central Bank of Nigeria (CBN), banks nor any government agency can unilaterally withdraw funds from personal or business bank accounts. Oyedele, while noting that false narratives could lead to panic withdrawals, and destabilise the economy, stated that “nobody will debit the accounts. Even if you have N1 billion in the account, nobody can debit your bank account.” According to him, under the new tax law, Nigeria’s tax administration process requires notification, assessment, objection, and judicial review before any enforcement action can be taken. According to him, the only scenario where the law permits the government to request bank deductions is in extreme cases, involving large, tax debts that have gone through all legal channels. “It will not apply to anyone that I know of in Nigeria,” he added, emphasising that the provision exists merely as a safeguard, not a routine tool. Oyedele also clarified that the requirement for Tax Identification Numbers (TINs) in bank accounts is not new, as it dates back to the Finance Act of 2020. “No one has the power to debit your account. The law has what is called power of substitution. If someone owes huge tax, goes through all legal process, refuses to pay, and the court says pay, in extreme cases the government can write to the bank. That is the extreme use. It will not apply to anyone I know in Nigeria. But you cannot remove that power from the law because it may become necessary. The message is: nobody is taking any amount from their bank accounts, whether 50k or 50 million.” Oyedele maintained that the reforms were designed to simplify taxation, strengthen compliance, expand the tax net, and support long-term economic stability. He stated that Nigeria has “a fantastic opportunity for an economic reset starting next year,” anchored on improved purchasing power and cost-push inflation dynamics. https://leadership.ng/no-bank-account-will-be-debited-under-new-tax-laws-oyedele-assures/ |
| Politics › FG Mandates TIN For All Taxable Bank Account Holders From January 2026 by igatit(op): 12:12pm On Dec 13, 2025 |
The Federal Government has established a definitive timeline for stricter tax compliance, mandating that banks require a Tax Identification Number (TIN) from all taxable Nigerians maintaining bank accounts beginning January 1, 2026.https://businessday.ng/news/article/fg-mandates-tin-for-all-taxable-bank-account-holders-from-january-2026/ 6 Likes 3 Shares
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| Politics › FCCPC Seals Ikeja DISCO’s Head Office Over Consumer Rights Violation by igatit(op): 8:25pm On Dec 11, 2025 |
The Federal Competition and Consumer Protection Commission has sealed the corporate headquarters of Ikeja Electric over alleged non-compliance and violation of consumer rights.https://punchng.com/fccpc-seals-ikeja-discos-head-office-over-consumer-rights-violation/ 6 Likes 1 Share
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| Politics › Tinubu Orders Security Overhaul, Moves To Convert Grazing Reserves To Ranches by igatit(op): 1:41pm On Dec 11, 2025 |
President Bola Tinubu has instructed the Inspector-General of Police, heads of security agencies, and the National Economic Council (NEC) to embark on a comprehensive reorganisation of security deployment across the country, including arming forest guards and reviving abandoned grazing reserves into functional ranches.https://dailypost.ng/2025/12/10/tinubu-orders-nationwide-security-overhaul-moves-to-convert-grazing-reserves-to-ranches/ 11 Likes 1 Share
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| Celebrities › Re: Politically, Peter Obi Cannot Stand Next To Tinubu - Samklef by igatit: 8:46am On Dec 03, 2025 |
| Politics › Re: Bandits Kidnap A Bride, 30 Women In Chacho Wurno LGA Of Sokoto by igatit: 3:16am On Dec 01, 2025 |
Shettima will handle Security, Tinubu will handle the economy. What a perfect handling bestfriday: |
| Politics › INEC Rejects Wike-Backed Abdulrahman Mohammed As PDP Acting Chairman by igatit(op): 8:57pm On Nov 19, 2025 |
The Independent National Electoral Commission (INEC) has rejected a correspondence signed by the acting chairman of the Samuel Anyanwu faction of the Peoples Democratic Party (PDP), saying it failed to meet the requirements of the law.https://thenationonlineng.net/inec-rejects-abdulrahaman-mohammed-as-pdp-acting-chairman/amp/ 21 Likes
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| Health › Re: HIV AIDS Test Is Not Free In Government Hospitals And Clinics. by igatit: 1:55pm On Nov 03, 2025 |
A few years back, HIV test in General hospitals were free. I did mine free. I guess tilumbuuu has happenn 1 Like |
| Politics › Re: Why GEJ Will Be Removed If He Wins 2027 Election – Ex-Appeal Court President by igatit: 2:18pm On Oct 31, 2025 |
Sure, you know better. No more xtter 2 Likes 2 Shares |
| Foreign Affairs › Re: Madagascar: Rajoelina Warns Against Coup As Elite Army Unit Back Protests by igatit: 9:21am On Oct 13, 2025 |
He's nothing. Just a mere sand. Absolutely nothing. This is the only chance he's got. CoronaVirusPro: |
| Politics › Re: Current Hardship Affecting Nigerians Mentally – Obi by igatit: 6:31pm On Oct 12, 2025 |
You type never seize to surprise me. You don't have anything again him. All you can try to say is this rubbish. brain54: 1 Like |
| Politics › Re: 2027: Suit To Bar Jonathan Is Abuse Of Court Process, Says Senior Lawyer by igatit: 4:02pm On Oct 07, 2025 |
Hehe, I knew a more sensible individual will come and clare the narrative Josepholome: |
| Politics › Re: Abuja Not Safe, Stop Playing Politics With Security, FCT Youths Tell Wike by igatit: 7:32pm On Oct 05, 2025 |
There is this particular tribe that always makes mistakes in dialing numbers. Everytime "Hello salamaleku" 🙄 |
| Travel › Re: Work In Progress: Cross River Section Of Lagos-calabar Coastal Highway by igatit: 6:05pm On Oct 02, 2025 |
Believe these thieves at your peril. hahahahaha more points remaining...... |
