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Buhari’s Visit ’ll Not Resurrect APC In Rivers -Wike …Says RSG Not Informed Of President’s Visit …As Tinubu Admits Failure Of APC

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Rivers State Governor, Chief Nyesom Wike has stated that President Muhammadu Buhari’s proposed visit to the state may be aimed at reviving the fortunes of the All Progressives Congress (APC) that is dead in the state.
Flagging off the reconstruction of Egbelu Street and link roads in Rumuodara community in Obio/Akpor Local Government Area yesterday, Governor Wike said that the Federal Government has not informed him of the President’s visit and the reason behind his visit.
He said: “I hear they say that the President is coming to our state. I have not been told the President is coming and why he is coming. He has the right to come to any state.
”Maybe, the President is coming to make sure that he will improve the fortunes of the APC that is dead in Rivers State.
”Apart from Jesus Christ, we don’t know of anyone who has risen a dead thing. APC is a dead party in Rivers State. No matter how you fast and pray, it will never wake up”.
Governor Wike charged Rivers people not to be bothered by the politics or otherwise of the visit, because the state is very peaceful.
”Let nobody bother him or herself that the President is coming for security reasons. We don’t have security challenges in the state.
”We have never had herdsmen killings or crisis in the state , except when some criminals tried to disrupt the peace and they were checked. We resolved that challenge. “
He stated that there is no state in this country where kidnappers and armed robbers are not operating. He said if President Muhammadu Buhari is visiting because of kidnappers and armed robbers, then, he should visit all the 36 states.
He, however, noted that as the state that produces the wealth that supports the country,the President is welcome to visit the wealth producers of the nation.
According to him: “Since the administration has abandoned Rivers State for three years, this visit may be a blessing in disguise. The President may use the visit to complete the Port Harcourt International Airport, the neglected East West road, the neglected sea ports and the rejected Port Harcourt-Aba road”.
Speaking on the road projects in Rumuodara community, Governor Wike said the Chairman of the Rivers State Council of Traditional Rulers, King Dandeson Jaja drew his attention to the challenges faced by residents of the populated surburb.
He urged the people to cooperate with the contractors to ensure the completion of the road on schedule.
Commissioner for Works, Dum Dekor said the seven roads will be completed in six months, while the projects will offer employment to 230 youths.
The Works Commissioner noted that the road construction will also resolve the environmental challenges facing the residents.
Chairman of Obio/Akpor Local Government Area Caretaker Committee, Prince Noble Amadi praised the governor for key projects across the area, assuring him of total support in 2019.
Meanwhile,the National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu has admitted that the ruling party has failed to meet the expectations of Nigerians after almost three years in office.
He also said that the goodwill which it enjoyed during the 2015 general elections and the inauguration of the Muhammadu Buhari’s administration had been squandered.
Tinubu therefore concluded that the APC has a lot of work to do to regain public confidence and solidarity before the 2019 general elections.
The former Governor of Lagos State bared his mind on the state of the party last Wednesday in Abuja when he held a closed-door meeting with the National Working Committee (NWC) of the party at its secretariat.
The meeting was Tinubu’s first since Buhari appointed him to reconcile all the feuding leaders of the APC in various states of the federation.
In his down to earth assessment of the APC, Tinubu said that the party had faced several challenges since it took over power in 2015, stressing that it needs serious consultations and reconciliation moves to regain the goodwill of Nigerians.
He listed some of the challenges confronting the APC as the disorder in the North Central and North East zones, killings and agitations, as well as intra-party squabbles.
Tinubu said that the expectations of Nigerians had been high since the party won the presidential election in 2015, but regretted that the expectations had not been met.
In a brief chat with journalists before he went for a closed-door meeting with the NWC, the APC leader said that his visit was to consult with the party’s leadership, in line with the mandate given to him by the President, stressing that consultations and reconciliation were required since APC is still the hope of Nigerians for a better future.
He said: “I am here to consult, since you are already aware of the directive and announcement of the President who is the leader of our party and the President of this country.
“First, let me sympathise with our National Vice Chairman for North Central for the various incidents that are happening around that corridor, and may God bring peace to Benue, Taraba, Plateau, Nasarawa, and the country as a whole, and all other places being affected by the age-old system that we are now facing.
“After the last convention of the party, congresses were held from various wards to elect representatives from the ward, local government and state levels as well as the national level. We worked hard for victory. We have never governed before, but we won the confidence of Nigerians to govern.
“We have a creed to really serve the country; change and reform the country. It is not easy to have those changes implemented like instant curfew. We have to grow and face challenges.
“I sympathise with us and we should equally look at ourselves. Since we won the election, the expectations were very high and the goodwill was extremely high. But where are we today?
“The solution is to seek opinion and advice on the various complexities around some states or if there is any national one, to reconcile, move the party in a cohesive manner and reposition and build the confidence among ourselves”.
According to Tinubu, the challenges faced by the government and the President are enormous, noting that Nigerians were not paying attention to the various statistics that are available and “we have to push that. I won’t touch those areas yet,” he said.
Earlier, the APC National Chairman, Chief John Odigie-Oyegun, who described Tinubu as a “Peace Ambassador”, said that his visit was significant as the President moves to heal wounds where the party has any, as well as to bring every member of the APC together under a single objective, which is to give the party a runaway victory in 2019.

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Tinubu Signs Four Tax Reform Bills Into Law …Says Nigeria Open For Business 

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President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.

The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.

They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.

The ceremony took place at the Presidential Villa, yesterday.

The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.

The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.

“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.

Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.

Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”

Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”

He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.

“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.

According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”

He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.

The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.

However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.

At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.

They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.

After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.

By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.

In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.

“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.

“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.

He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.

The President added, “We are not just signing tax bills but rewriting the social contract.

“We are not there yet, but we are firmly on the road.”

 

 

 

 

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Senate Issues 10-Day Ultimatum As NNPCL Dodges ?210trn Audit Hearing 

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The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.

Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.

However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.

Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.

A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.

It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.

The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.

“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.

“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”

But lawmakers rejected the request.

The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.

“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.

“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.

Other lawmakers echoed similar frustrations.

Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.

The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.

Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.

Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”

Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.

The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.

Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.

The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.

 

 

 

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17 Million Nigerians Travelled Abroad In One Year -NANTA 

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The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.

This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.

Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.

Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.

He stated that the 17 million number marks a significant increase in overseas travel and tours.

According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.

Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.

“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.

“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.

While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.

The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”

He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.

Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.

He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”

Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.

Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.

“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”

 

 

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