Business
Slam Heavy Taxes On Tobacco Firms, CSO Tells FG
The Civil Society Legislative Advocacy Centre (CISLAC), has called on the Federal Government to raise taxes on and prices of tobacco to reduce its consumption in the country.
Executive Director, CISLAC, Mr Auwal Rafsanjani, said this in a statement in Abuja, Sunday, insisting that, such measure had been implemented in countries where the tobacco companies operated.
Rafsanjani also said that such companies paid huge penalties for the violation of such law in their home countries, adding that, Nigeria should not jettison the measure.
He said CISLAC condemned in totality, the open display of rascality arising from the recent threats by a tobacco company and other multinational tobacco firms in some African countries.
“We are not unaware of some dangerous and terrible efforts by the group to frustrate successes against tobacco use across Uganda, Namibia, Togo, Gabon, Democratic Republic of Congo, Ethiopia, Kenya and Burkina Faso.
“They do not mind the fact that tobacco use constitutes the second major cause of mortality in the world, leading to untimely deaths of millions of people worldwide with six million deaths annually.”
He said that there was also the potential of having eight million estimated deaths by 2030, most especially people in developing countries.
The executive director said that CISLAC was also aware of evil propensity of Tobacco Industries’ legal intimidation and threats.
He said but such threats should not constitute a formidable obstacle to the current gains recorded against the dreaded effects of tobacco use in Africa.
The executive director said the ongoing drives for the passage of Tobacco Control Regulations in Nigeria would soon be before the National Assembly for the effective implementation of the National Tobacco Control Act 2015.
He urged the National Assembly and the government not to succumb to the legal and economic threats by the tobacco firms.
Rafsanjani also called on them to uphold the implementation of the regulations in accordance to the pro-poor provisions of WHO.
He said the advice became necessary in view of the serious implication of the use of tobacco to the socio-economic burden of use on families, the poor, and health systems.
Rafsanjani also called on the Federal and state Ministries of Agriculture to invest in healthy means of livelihood for Nigerians and find alternative crops for hapless tobacco farmers to effectively engage in.
This, he said was to avert economic threats by tobacco industries and avoid epidemic of Green Tobacco Sickness, a disease common to tobacco farmers.
He also called for intensified and continuous awareness among policy sponsors and policy champions of tobacco control to fast-track the passage/implementation of Comprehensive Tobacco Control laws across Africa.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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