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President Bola Tinubu

President Tinubu’s tax reform bills advance in Reps

After about four hours debate by House of Representatives’ members, President Tinubu’s Tax reform bills passed second reading  After long deliberations and consultations, the long awaited President Bola Tinubu’s tax reform bills has received the green light of the the House of Representatives as the four bills passed second reading on Wednesday. On 3 October 2024, President Tinubu transmitted the following tax bills to the National Assembly: Nigerian Tax Bill; Nigeria Tax Administration Bill; Joint...

Tinubu increases 2025 Budget from N49.7trn to N54.2trn

President Tinubu said additional revenue generation by FIRS, Nigeria Customs Service, other government-owned agencies are reasons for 2025 budget increase  President Bola Tinubu has formally requested the National Assembly to approve an increase in the 2025 budget from ₦49.7 trillion to ₦54.6 trillion. His request was conveyed through separate letters addressed to both the Senate and the House of Representatives, which were read during plenary by Senate President Godswill Akpabio and Speaker Abbas Tajudeen. In...

LIFE This Week: Stranded super eagles, fuel price hikes, and tax matters

The stranding of the super eagles in Libya, incessant fuel hikes and tax bills are issues predicted on our Legislative Intelligence Forecast Entry (LIFE) this week Nigerians have faced numerous challenges this past week, and as the National Assembly resumes for another legislative session, it is anticipated that the representatives will step up to address pressing issues affecting the nation. Among the matters expected to dominate the lawmakers’ attention this week are the ongoing fuel...

Tinubu’s ‘green’ mobility directive: All you need to know about the shift to CNG vehicles

In a groundbreaking move toward environmental sustainability, President Tinubu’s directive mandates Ministries and Agencies to transition to CNG-powered vehicles. This bold step signifies a significant shift towards cleaner energy solutions, aiming to reduce carbon emissions and promote a greener future for Nigeria. However, what are the overall implications and the fine lines of this transformative policy change? In recent years, the world has witnessed a growing concern over environmental issues, particularly the adverse effects of...

68 years on as oil producer, Nigeria’s fuel queues linger: What’s the holdup?

What exactly is responsible for the recurrent fuel queues? Nigerians are Tired. Why hasn’t a lasting solution been found, 68 years later? Despite technological advancements and periodic promises of solutions by the government, the sight of long lines at petrol stations remains a regular occurrence, leaving many to wonder why this problem still plagues the nation. Nigeria National Petroleum Corporation Limited (NNPCL), the country’s profit-inclined state oil company, assures the public that it has rectified...

Nigeria’s economic mess: Road to 30trn Ways and Means probe

By securitising ways and means, rather than paying back to the CBN, the Federal Government simply places too much money in the capital market, thereby creating the availability of more funds in the economy and fuelling inflation.  The 10th National Assembly is set to investigate the Ways and Means approved by the last government as it, on Tuesday, set up an ad hoc committee, chaired by Senator Jibrin Isah (APC, Kogi East), to probe the...

Tinubu names review panel on social investment programmes

President Tinubu has created a six-person panel to reposition Nigeria’s social investment programmes and improve citizen’s confidence in investment programmes. President Bola Ahmed Tinubu has set up a special presidential panel to review social investment programmes in the country. The minister of finance, Wale Edun, has been named to lead the panel in undertaking its task, according to a statement issued by the presidential media adviser, Ajuri Ngelale, on Saturday, January 13, 2024.  This follows...

NSIPA: TIinubu suspends all Social investment programmes

President Tinubu has ordered all 4 programmes administered by the NSIPA to be halted immediately and investigated President Bola Ahmed Tinubu has suspended all administered programmes by the National Social Investment Programme Agency (NSIPA) for six (6) weeks. This is as he also expressed concern over the irregularities and operational flaws related to beneficiary payments for the programmes. The suspension covers the NPower programmes, the Conditional Cash Transfer Programme, the Government Enterprise and Empowerment Programme...

Tinubu seeks approval for fresh $8.6bn, £100m loans

President Bola Tinubu has approached the House of Representatives for the approval of $8.6 billion and £100 million in fresh loans. The request of the President was contained in a letter to the House read during the plenary by the Speaker, Tajudeen Abbas on Tuesday. According to the president, the loans are needed to fix Nigeria’s infrastructural deficit, the harsh economic crisis and improve citizen’s standard of living across the country. “I write in reference...

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