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Editorial

Checking Tax Evasion

Published

5 years ago

on

The revelation by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Muhammad Nami, that Nigeria lost about N5.4 trillion between 2007 and 2017 through tax evasion by multinational companies operating in the country is sad. It points to the embarrassing level of corruption in the nation. The foreign companies and their Nigerian partner conspirators must not go unpunished.
Nami stated this after a workshop on “Effective Audit of Multinational Corporations for Domestic Revenue Mobilisation in Nigeria,” organised by the Service in conjunction with the Tax Justice Network. He said between 2007 and 2017, “Nigeria was reported to have lost over US$178 billion (about N5.4 trillion) through tax evasion by multinationals” doing business in the country.
The galactic fraud indicates the dearth of due process in tax regime in the country. The action of the multinational firms can only be characterised as an economic crime deserving of the Economic and Financial Crimes Commission’s (EFCC) attention. The sheer divulgence of the offence is not enough, it must be followed by investigations. Those found peccant must be brought to justice to serve as a deterrent to others.
FIRS former boss, MrBabatunde Fowler, had equally hinted that the country lost between $14 and $15 billion to tax evasion annually by multinational firms. The challenge to curb tax eschewal is quite overwhelming. While several information leaks released in the past years had helped in unveiling the depth and breadth of the challenge, the increasing mobility of income and assets has only complicated matters.
A December 2014 report from Global Financial Integrity stated that developing and emerging economies which included Nigeria lost US$6.6 trillion in illicit financial flows from 2003 through 2012, with illicit outflows increasing at a staggering average rate of 9.4 per cent per yearr — roughly twice as fast as global GDP.
Data from the National Bureau of Statistics (NBS) exhibited that the federal government realised N7.8 trillion from Company Income Tax (CIT) from January 2015 till the end of the third quarter of 2020. This was far short of the billowed revenue for the period. Of this amount N4.08 trillion (52 per cent) was received from local firms, while N3.05 trillion (39 per cent) came from the contribution of non-resident companies doing business in the country.         In 2014, then Coordinating Minister of the Economy,  NgoziOkonjo-Iweala, disclosed that 65% of companies in Nigeria had declined to forward their tax returns and an incredible 75% were not in the FIRS tax net. She maintained that the much-vaunted case for economic diversification would gain little traction without a steady pipeline of alternative income sources such as taxation.
Similarly, FIRS disclosed in 2018 that over 6,772 billionaires do not pay tax. This category of individuals have between N1billion and N5 billion in their accounts, but no Tax Identification Number (TIN) with which they can file the statutory percentage of tax returns on their income. In Nigeria, tax elusion has become second nature and the direct implication is that the government is unable to generate enough revenue to fulfil its statutory obligations to the citizenry.
Also in 2019, the Socio-Economic Rights and Accountability Project (SERAP) published a report inferring that the failure of the Nigerian government to enforce Capital Gains Tax on over $8 billion oil and gas assets sold to Nigerian entities fuels poverty, underdevelopment and inequality in the country. Unsurprisingly, the nation woke up to a Forbes report the same year which ranked Nigeria the world’s sixth most miserable country.
At a tax forum in 2017, Vice President YemiOsinbajo linked high-wire corruption to tax evasion. This signifies that when citizens pay their taxes, they have the moral right to hold government accountable if social amenities are not made available as and when due. But this is not the case in Nigeria, where citizens are only tax compliant because their taxes are deducted at source under the Pay As You Earn (PAYE) system, while just 4% comply under Direct Assessment.
It was for this reason President Muhammadu Buhari administration in 2017, launched the Voluntary Assets and Income Declaration Scheme (VAIDS) in a bid to include more Nigerians in the tax net. The initiative saw the setting up of tax clinics to offer free service, consultation and legal representation for defaulting companies wishing to voluntarily file their tax returns.
By June 2018, the federal government announced that the plan paid off as it had realised a total of N30 billion from the initiative, which spanned July 1, 2017, to June 30, 2018. Fowler said one of the outcomes was the growth of the national taxpayer database from under 14 million before 2016 to over 19 million in 2018.
There is a need for government-citizen engagement to drive a more realistic and sustainable culture of tax compliance in Nigeria. Unfortunately, citizens have a very poor perception of tax accountability by the government which translates to low tax morale, even in the face of very stiff penalties for default.
At this time of acute financial crisis due to revenue shortfalls, everything must be done so quickly to recover the N5.4 trillion lost through tax evasion. Without doubt, taxation is a major revenue source where government gets money to meet some of its developmental objectives. Therefore, the National Assembly and the EFCC should take tax dodge more seriously and put in place necessary measures to make the act a heinous crime with tougher deterring sanctions on the affected companies and their collaborating tax officials.

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Editorial

Beginning A New Dawn At RSNC 

Published

6 days ago

on

February 16, 2026

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The premises of the Rivers State Newspaper Corporation (RSNC), publishers of The Tide Newspaper, are wearing a refreshing new look as work begins on the re-erection of a perimeter fence. This development is more than a physical upgrade. It is a strong statement that the safety and dignity of a historic public institution are once again being taken seriously.
For many years, the corporation operated without a proper perimeter fence. The old fence was demolished about a decade ago during an urban renewal drive under the administration of Chibuike Rotimi Amaechi. The intention at the time was to relocate and properly situate the fence away from pedestrian walk, but the long-term consequences were not fully anticipated.
The absence of a fence exposed the premises to serious risks. Workers reported frequent cases of trespass, theft of office items, and unrestricted movement by unauthorised persons. In an environment where sensitive editorial and production work is carried out, such openness became a major concern rather than an advantage.
Statistics from internal records suggest that incidents of petty theft and vandalism rose sharply during this period, accounting for an estimated 30 per cent increase in maintenance costs over the years. Staff morale also suffered, as many employees felt unsafe working late hours, especially during night production schedules.
The return of the perimeter fence will bring immediate relief. It will provide controlled access to the premises, protect valuable equipment, and ensure that staff can work with peace of mind. Businesses and members of the public who visit the corporation for adverts, publications, and official transactions will also enjoy a more orderly and secure environment.
A secured workplace is known to improve productivity. Studies in public institutions show that improved security can raise staff efficiency by up to 20 per cent. For a newspaper organisation that works against tight deadlines, this improvement is both necessary and timely.
The Rivers State Government deserves commendation for funding this fencing project. The Tide is one of the oldest state-owned newspapers in Nigeria and has, over the decades, projected and promoted government policies, programmes, and public enlightenment campaigns. Such an institution deserves to be properly funded and equipped to perform at its best.
As the fencing work progresses, the government should look beyond this single intervention. There is a strong case for the total renovation of the corporation’s ageing buildings. This effort can build on the visible successes recorded in the ongoing renovation of the state Secretariat Complex, which will improve the working conditions of many civil servants.
Equally urgent is the replacement of obsolete equipment at the newspaper publishing firm. Most of the machines in use today were provided at the inception of the corporation several decades ago. Technology has moved on, but the tools of the trade have largely remained the same.
All the major printing machines and computers are old and can no longer function efficiently. Frequent breakdowns slow production and increase costs. A total replacement is required to return the organisation to the path of progress and competitiveness in a fast-changing media industry.
Attention should also be given to the rotary printing machine purchased during the Amaechi administration. Sadly, the machine never worked for a single day due to the absence of a vital component. Replacing this missing part would put the machine on stream, making it useful not only to the newspaper but also to the wider information needs of the government.
There is also a clear need for operational vehicles, power generating plant, and additional staff. Over the years, the corporation has lost more than 60 per cent of its workforce to retirement, death, and the prolonged freeze on civil service recruitment during the last administration of Chief Nyesom Wike. Without urgent replacement, service delivery will continue to suffer.
The Publication Department, which formerly produced calendars, diaries, and exercise books for schoolchildren, should be revived. In the past, the department generated substantial funds that helped sustain the establishment before it became defunct.
Much credit must go to the Acting General Manager, Stella Gbaraba, for demonstrating capacity and discipline in managing the outfit. A staff member of the state Ministry of Information, she has shown herself to be a quintessential administrator whose leadership has stabilised the corporation. She deserves to be celebrated.
Her performance once again confirms the long-held view that leaders appointed from within the civil service often understand public institutions better and perform more effectively than those brought in from outside. With sustained government support, competent leadership, and the right investments, The Tide can reclaim its pride of place as a strong voice in Rivers State and beyond.
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Editorial

Sustaining OBALGA’s Ban On Street Trading 

Published

2 weeks ago

on

February 9, 2026

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The total ban on all forms of street, roadside trading, and hawking activities in and around the Okoro-Nu-Odo Flyover, along the Rumuodomaya Road leading to the Obio/Akpor Council Secretariat, and within the affected corridors, is yielding desired results. This decisive action has brought about a transformation that many residents had long given up hope of ever witnessing. The change is not merely cosmetic but represents a fundamental shift in how public spaces are being managed in this crucial part of the city.
The prohibition has not only curbed the mess created by the traders, it has restored the beauty of the area. The Chairman of Obio/Akpor Local Government Area, Hon. Dr Gift O. Worlu, deserves commendation for the feat. It takes considerable courage to make unpopular decisions in the interest of the greater good, and this is precisely what the chairman has demonstrated. His willingness to tackle this longstanding problem head-on sets a positive example for other local government leaders across the state.
It is common knowledge that the affected area is one of the gateways into Port Harcourt. On a typical day, to get in or get out of the city posed a terrible situation that left motorists and commuters utterly frustrated. First impressions matter greatly, and this passageway should reflect the status of Port Harcourt as a major city. Instead, what greeted visitors and residents alike was a chaotic scene that did little to inspire confidence in the city’s governance or planning.
How the place got to that level over the years is left for everyone’s imagination. But the local government which is just a stone’s throw from there allowed it to degenerate so badly. We cannot help but wonder what those in authority were thinking as the situation spiralled out of control. The proximity of the council secretariat to the problem area makes the previous neglect all the more baffling and inexcusable.
An outsider coming into Port Harcourt may be wondering what has gone wrong with the place. Sometimes it took several hours to navigate the area whereas ordinarily it should take a shorter time. This is not the image any city should project to visitors, investors or even its own residents. The economic cost of such traffic congestion, not to mention the sheer waste of people’s time and energy, must have been substantial over the years.
It was really an eyesore. So when the council chairman came up with the directive that trading activities should cease while the traders must vacate the place permanently, we think it was a decision taken for the good of all. While some may argue that the traders have a right to earn their living, this right cannot supersede the collective rights of thousands of road users who endured needless suffering daily. The common good must sometimes take precedence over individual interests.
All we ask from the chairman is to ensure that his actions are sustainable. Lack of sustainability and political will are usually the bane of many good policies of government. If this is sustained it will be the first of its kind. History is littered with well-intentioned initiatives that started with fanfare only to fizzle out when the initial enthusiasm waned or when those responsible moved on to other priorities.
As a way to sustain the measures taken so far, those who have been displaced should be relocated so they do not find their way back to the same location. It may not be enough to take them out without providing alternative places for them. A truly comprehensive solution must address both the symptom and the root cause. Simply scattering traders without offering them viable alternatives is a recipe for their eventual return, and the whole exercise would have been in vain.
Arrests and prosecutions that are being effected should continue to serve as deterrent to others. The actions of Obio/Akpor chairman show that the council means business. When people see that there are real consequences for flouting regulations, they are far more likely to comply. This is not about being heavy-handed but about establishing clear boundaries and enforcing them consistently and fairly.
Thankfully, the chairman had reportedly included the Oil Mill Market and the Eleme Junction areas as well. On the whole, the action of the council chairman in sanitising the mentioned areas is simply laudable. Other places of focus where street trading and related issues go on are Rumuola, Rumuolumeni, Choba, Rumuodara, Rumuokwuta, Ozuoba, Rumuosi/Rumuekini, Rumukwurushi, and Artillery/Woji. There should be consistent application of order and safety standards at the above-mentioned areas.
Another place to be sanitised is the Mbiama Market. This is also one area that is terrible particularly on Tuesdays when trading occurs there. It is hard for motorists and commuters to navigate the place. How to get out of that location is usually a problem that turns what should be a straightforward journey into an ordeal. The situation at Mbiama represents another glaring example of how uncontrolled commercial activity can bring an entire area to its knees.
Sadly, the local governments are complicit because they are the ones that would give people the spaces to trade in exchange for money. The Ahoada West Local Government Area chairman where Mbiama is situated should borrow a leaf from his Obio/Akpor counterpart by taking drastic measures to end the trading there or ensure that movements are guaranteed when trading activities go on in the locality. It is hypocritical for councils to profit from these arrangements while turning a blind eye to the chaos they create. Revenue generation should never come at the expense of public order and safety.
There needs to be sanity on these concourses. This will bring a lot of relief to travellers on these roads. It does not speak well of us as it portrays the state as a no-man’s land or unorganised or even a people that lack decency. We are better than this, and our public spaces should reflect our aspirations rather than our failings.
In the long run, a well-coordinated approach involving local governments, security agencies, and urban planners will be required to maintain these gains. Public enlightenment should go hand in hand with enforcement so that residents understand that these measures are not punitive but protective. When order becomes a habit rather than an exception, Port Harcourt and its surrounding communities will be better places to live, work and travel through.
Unwavering commitment from all stakeholders are required. The traders themselves must recognise that operating in designated markets is not a punishment but a more dignified and organised way of conducting business. Residents and road users must support enforcement efforts rather than sympathising with violations out of misplaced sentimentality. The local governments must remain vigilant and resist any temptation to relax standards or make exceptions that could unravel the progress made.
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Editorial

AFCON ’25: Bravo, Super Eagles, But…

Published

3 weeks ago

on

February 2, 2026

By

The 2025 Africa Cup of Nations staged in Morocco witnessed the Super Eagles soar to an altitude few Nigerians anticipated, confounding pessimism with exuberance and resilience. Before the opening whistle, public confidence was anaemic, yet the team produced a performance laced with audacity and organisation. In a tournament featuring 24 nations and over 52 matches, Nigeria emerged with renewed credibility, reminding the continent of its enduring pedigree through conviction and renaissance.
Only weeks earlier, national morale had been battered by the abysmal failure to qualify for the FIFA World Cup, a disappointment that generated widespread cynicism and recrimination. Many analysts dismissed the Eagles as tactically incoherent and psychologically fragile. Yet, in Morocco, a transformation occurred, marked by revitalisation and determination. Statistical evidence shows Nigeria conceded fewer than one goal per match on average, an emphatic rebuttal to earlier derision and fatalism.
Against popular expectations, the 2025 AFCON became one of Nigeria’s most impressive outings in recent times, judged by fluency and consistency. The Super Eagles completed the group stage with over 55 per cent average ball possession and an 82 per cent pass completion rate, numbers that signify discipline and intelligence. There was a newfound spirit and camaraderie that suggested maturity and self-belief, hallmarks of evolution and professionalism.
Many pundits predicted that the Eric Chelle tutored side would struggle to escape the group stage, citing tactical naivety and limited preparation. Instead, Nigeria navigated the entire competition without losing a single match within regulation time, an extraordinary demonstration of fortitude and concentration. In football logic and jurisprudence, a match not lost in 90 minutes is not truly lost. Penalty shootouts remain a lottery governed by chance and psychology.
The Super Eagles’ representation was laudable and provides a formidable platform for regeneration and continuity. It underscores that Chelle is not as inept as some critics asserted after the World Cup failure. On the contrary, he demonstrated pedagogical acumen and strategic awareness, improving individual performances while enhancing collective harmony. His methods yielded measurable progress in cohesion and adaptability.
Chelle’s capacity to knit a coherent unit with tactical symmetry and individual expression shows unmistakably that he has substance to offer. Therefore, we urge the Nigeria Football Federation (NFF), the National Sports Commission, and the Federal Government to provide institutional backing and contractual stability. Continuity breeds excellence, and excellence requires foresight and investment, not impulsive judgement and expediency.
Judging by the Morocco showing, it is logical to deduce that the Super Eagles possess latent potential yet to be fully exploited. Motivation and encouragement could unlock greater heights of achievement and dominance. Preparation for the next major tournament must commence immediately, with meticulous planning and incremental improvement. Success in Morocco was not accidental but the product of diligence and perseverance, a tempo that must be sustained.
However, commendation should not degenerate into complacency. Given Nigeria’s vast talent pool and storied global exploits, the bronze medal remains inadequate. Nigeria has now finished third at AFCON nine times, a statistic that should provoke introspection rather than celebration. After emerging as the fifth best footballing nation globally following the iconic USA 1994 World Cup, only the gold medal should be acceptable, nothing less than supremacy and preeminence.
The nation must reconnect with the golden era of Okocha, Kanu, Oliseh and Amokachi, among others, when Nigerian football evoked admiration and trepidation worldwide. Between 1994 and 1998, Nigeria won Olympic gold, reached two World Cup second rounds and dominated Africa with flair and authority. That epoch was defined by creativity and confidence, a synthesis of artistry and aggression that captivated the global audience.
Now is the moment for the NFF and the coaching crew to intensify their labour and vision. Ascending to the summit is arduous, but remaining there is exponentially more difficult. Strategic recruitment of eligible players at home and abroad must be pursued with rigour and transparency. Data driven scouting and long term planning should replace sentimentality and improvisation.
It is equally imperative to rejuvenate the squad by replacing tiring legs with youthful exuberance and athleticism. Football in Nigeria is not merely a sport but a social adhesive and cultural obsession. With such abundance of talent, Nigeria should never play second fiddle to any nation. The task is to harness these resources with intentionality and coherence.
Having secured bronze for the ninth time, that position has lost desirability and prestige. The Super Eagles must henceforth be charged with the singular ambition of winning gold. Nigeria has lifted the Nations Cup only three times, compared to Egypt’s seven and Cameroon’s five. Challenging these records demands ambition and accountability, underpinned by discipline and aspiration.
It is deeply shameful that players reportedly boycotted training over unpaid match bonuses, an incident that embarrassed the nation. Authorities must investigate thoroughly and sanction culpable officials to restore integrity and trust. Nations like Morocco invest strategically in their players, infrastructure and welfare, semi- final finish at the 2022 World Cup is empirical evidence of foresight and commitment.
With appropriate motivation, transparent administration and prompt remuneration, the ceiling for the Super Eagles is limitless. Proper welfare enhances morale, while professional management engenders loyalty and sacrifice. If Nigeria aligns talent with structure and vision, continental dominance and global relevance will follow inevitably, crowned by excellence and distinction.
Ultimately, this AFCON outing should serve as a catalytic moment rather than a ceremonial footnote in Nigeria’s football narrative. Countries that dominate consistently do so through long term frameworks, not episodic brilliance, and statistics affirm this truth, as over 70 per cent of AFCON winners since 2000 retained at least 60 per cent of their squads across successive tournaments.
Nigeria must therefore institutionalise progress through robust youth development, sports science and administrative probity. If lessons from Morocco are properly internalised, the Super Eagles can transition from episodic resurgence to sustained excellence, reclaiming continental authority with purpose and conviction.
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