News
VAT Increase ‘ll Help Struggling States Raise Revenue -FG
The Federal Government, yesterday, defended its decision to increase Value Added Tax (VAT), rate to 7.5 per cent from five per cent, stating that the review should have been done nine years ago.
Addressing newsmen after the conclusion of the 25th Nigerian Economic Summit in Abuja, Director-General of the Budget Office, Mr. Ben Akabueze, disclosed that prior to 2010, the plan was to effect an increase in VAT rate and a reduction in Personal Income Tax, while he noted that personal income tax was increased by the government in office at that time, while it failed to effect an increase in VAT.
He maintained that Nigeria’s VAT rate was one of the lowest in the world, while he noted that the poor would not be affected by the increase, as most of them normally have minimal engagements with goods, services and platforms where VAT are charged.
The DG further explained that the Federal Government had expanded the VAT exemption list and is ensuring that only businesses with turnover of N25million and above charge VAT, thereby, exempting majority of the micro and small businesses.
Akabueze also declared that the planned increased would not be favourable to the Federal Government but to the states, as the VAT Act mandates that 85 per cent of VAT collected should be disbursed to sub-national governments, which according to him, are presently struggling.
He said, “The issue of increasing the VAT rate is a matter that has been long settled, about the necessity to increase it and about the necessity to improve on taxation and to do so through consumption. About nine years ago, that was supposed to happen. There were two things that were supposed to happen simultaneously — an increase in the VAT rate from five to ten per cent and reduction in personal income tax. One happened, while the person who was supposed to make the other one happen chickened out.
“We now face down the road, taking into account the prevailing circumstances, the increase has not gone as far as 10 per cent. The Economic Recovery and Growth Plan (ERGP), stated very clearly that the VAT rate would be raised. At 7.5 per cent, Nigeria’s VAT is still one of the lowest.
“Another important thing to note is VAT is a consumption tax. The truth is the generality of the poor and vulnerable Nigerians that people have been shouting about that the increase would impact adversely, really have very minimal engagement with VAT because they hardly consume the things or engage with the platforms where VAT is chargeable.
“In proposing the increase, two things had happened, the proposal include an expansion of the exemption list. The VAT Act has an Exemption List, the one that exempts certain basic commodities, food, medicine and education, but we have expanded that even to cover as much as possible, the things that the poor consumes.
“The other thing that has changed, the existing VAT Act has no threshold for applicability, which means technically speaking, even the woman on the roadside is supposed to charge VAT.
News
May Day: Labour Seeks Inclusiveness In Policy-making

The Organised Labour yesterday, called on the Federal Government to ensure inclusiveness in policy making and guide against erosion of rights, such as free speech and association.
The President, Nigeria Labour Congress (NLC), Mr Joe Ajaero made the call at the 2025 Workers’ Day celebration held at the Eagle’s Square, Abuja.
The Tide source reports Ajaero and the President, Trade Union Congress, Mr Festus Osifo delivered a joint statement on behalf of the organised labour at the event.
Ajaero described May Day as, not only a moment to honour workers’ sacrifices, but also a platform to demand justice and accountability from those in public office.
He frowned at the alleged suppression of protests, and the erosion of rights of workers by some agents
According to him, workers have a duty to resist economic injustice, insecurity, and policies that undermine their dignity.
Speaking on the theme of the day, the NLC President underscored the need for Nigerian workers to reclaim the civic space and resist policies that contribute to worsening economic conditions.
“Our theme this year – “Reclaiming the Civic Space in the midst of Economic Hardship – reflects the urgent need for citizens to protect democracy and push back against repression.
“The civic space, where Nigerians express their concerns and challenge injustices is shrinking.
“If we fail to reclaim this space, the foundation of our democracy risks collapse,” he said
Ajaero, therefore, urged workers to unite and resist division, fear, and despair.
He also urged them to mobilise and organise for change, declaring that the right to demand better conditions is non-negotiable.
“Without workers, there is no society; without labour, there is no development. We must take our place in the fight for economic justice and democratic governance.”
Speaking in the same veins, Osifo said workers are the backbone of the nation—the educators, healthcare providers, builders, farmers, and innovators who sustain its economy -.
He stressed the need for the labour to reclaim the civic space even in the midst of economic hardship.
News
2025 UTME: JAMB Disowns Site Requesting Payment From Candidates

The Joint Admissions and Matriculation Board (JAMB) has disassociated itself from a fraudulent site requesting payments from candidates who missed the ongoing 2025 Unified Tertiary Matriculation Examination (UTME).
The board said that the site, “Copyrightwriter Personal J Rescheduling Flw” and account number 8520641017 at Sterling Bank, associated with it, are scam.
The disclaimer is contained in a statement made available to newsmen in Abuja on Thursday by the Board’s Public Communication Advisor, Dr Fabian Benjamin.
Benjamin said the account is being exploited to defraud unsuspecting candidates who missed their UTME.
“We issue this urgent notice to inform the public about this nefarious scheme targeting candidates who were unable to participate in the UTME.
“Some unscrupulous individuals are deceitfully soliciting payments of N15,700 under the false pretence of offering rescheduling services for the examination.
“Let us be unequivocal: this, it is a blatant scam, and we are confident that the public will not fall prey to such cheap and regressive tactics.
” The individuals behind this scam have no affiliation with JAMB or any legitimate government agency.
“The account details provided in these communications are entirely fictitious and bear no connection to any official processes; they exist solely for the purpose of perpetrating fraud,” he said.
Benjamin called on Sterling bank to take immediate and decisive action against this criminal activity.
According to him, JAMB has reported the matter to the relevant security agencies and actively pursuing those responsible for this deceitful act.
He further said that “JAMB does not reschedule examinations for candidates who miss their scheduled tests due to reasons unrelated to the Board’s actions”.
He, however, said that the Board is conducting a thorough investigation for candidates whose biometrics failed during verification and were thus unable to sit for the examination.
He said those without discrepancies would be invited to retake the examination at no cost , stressing that “no cost is required”
“It is imperative to understand that JAMB does not charge any fees for examinations after a candidate has completed their registration.
“We strongly urge all candidates to remain vigilant and not to succumb to these fraudulent schemes.
“Protect yourselves and report any suspicious activity immediately,” he explained.
News
NDDC Seeks UN’s Support To Accelerate Niger Delta Development

The Niger Delta Development Commission (NDDC) has expressed its willingness to partner with the United Nations (UN) to accelerate the development of the Niger Delta region.
Dr Samual Ogbuku, Managing Director of the NDDC, made the appeal in a statement issued by the commission’s Director of Corporate Affairs, Mrs Seledi Thompson-Wakama, in Port Harcourt on yesterday.
According to the statement, Ogbuku sought the UN’s support during his visit to the UN Resident and Humanitarian Coordinator (UNRHC), Mr Mohammed Fall, at the UN regional office in Abuja.
He called on the global body to provide the NDDC with technical assistance and expert services to support the region’s development.
“We are eager to collaborate with the UN, recognising that the state governments in the region and the NDDC alone cannot achieve the level of regional development required,” he said.
Ogbuku identified key areas where support would be needed, including the provision of portable and affordable drinking water powered by high-tech solar energy sources.
He also highlighted the importance of reforesting the mangrove swamps, which have been severely damaged by decades of environmental degradation caused by oil exploration in the Niger Delta.
“Although the NDDC has made progress in providing solar-powered streetlights across the region, we still require UN support in delivering solar energy solutions for residential buildings.
“We also wish to explore the possibility of installing solar mini-grids in homes across communities, which would boost local commerce and trade,” he added.
The NDDC managing director further appealed for increased UN involvement in areas such as healthcare, education, youth training, gender development, and food security.
Ogunku stated that such interventions would significantly enhance the standard of living in the region.
In response, Fall affirmed the UN’s readiness to collaborate with the NDDC to fast track development in the Niger Delta.
He assured that the UN would support initiatives in food security, job creation, education, and renewable energy, among other areas.
“We aim to approach development in the Niger Delta holistically, rather than focusing solely on environmental pollution.
“This is merely an entry point; however, the UN’s development vision aligns with the Sustainable Development Goals (SDGs), which are designed to positively impact various aspects of people’s lives,” Fall stated.
He assured the NDDC of continued and fruitful engagements to drive the region’s development.
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