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Electoral Bill: PDP Govs Urge NASS To Override Buhari’s Veto
Governors elected on the platform of the Peoples Democratic Party (PDP) have requested the National Assembly to consider overriding President Muhammadu Buhari’s veto as one tenable option towards achieving the intended reform of electoral jurisprudence for Nigeria.
At their meeting in Port Harcourt, last Monday, under the aegis of PDP Governors Forum, with a nine-point communique, the governors noted the urgency required to conclude deliberations on the Electoral Act Amendment Bill.
The meeting was convened to once again review the various challenges confronting the federating states, the state of the nation and the PDP.
Reading the communique to journalists after the meeting, thePDP Governors’ Forum Chairman, and Governor of Sokoto State, Hon. Aminu Tambuwal said the other option open to the National Assembly was to delete areas of concern in the bill.
“The meeting advised that the option of sustaining Mr President’s veto would lead to a quicker resolution, and would deny Mr President the opportunity to, once again, truncate a reformed electoral jurisprudence for Nigeria. An early concluded Electoral Act is vital for credible elections.”
The PDP governors also decried the continued deterioration of the country’s economy under the leadership of the All Progressives Congress (APC)-led Federal Government.
Nigerians, the communique said, have become numb and accustomed to bad economic news as exemplified by the inconsistent and differential exchange rate regime, high interest rates, unsustainable unemployment figures and borrowing spree some of which have not been applied to important projects and other bad economic indicators.
“In particular, it is clear that the APC government is a massive failure when compared with the records of PDP in government. The PDP handed over a $550billion economy (the largest in Africa), but under APC, Nigeria is the poverty capital of the world.
“In 2015, under PDP, the exchange rate was N198 per Dollar, it is now under APC almost N500 to a Dollar.In 2015, unemployment rate was 7.3% under PDP, it is now 33%, one of the highest in the world under APC.In 2015, the pump price of petroleum was N87 per litre, it is now N165 per litre and climbing under APC.
“Debt servicing now under APC takes over 98% of the federal budget. The tales of woe is endless.”
The PDP governors also noted that the management of the oil and gas resources and the administration of Federation Account remittances have remained opaque, confusing and non – transparent.
“In addition, the transition to NNPC Ltd under the Petroleum Industry Act has not been properly streamlined to ensure that the interests of all the tiers of government are protected, consistent with the 1999 Constitution.”
Also, the PDP governors lamented the protracted insecurity situation in the country, the persistent and ceaseless flow of Nigerians’ blood on a daily basis in many parts of Nigeria.
They noted the near collapse of the security situation in Nigeria with the APC administration lost on any enduring strategy to deploy in confronting the terrorists, kidnappers, bandits and other criminals.
“The meeting expressed regrets that Mr President is unwilling, from his recent comments discountenancing the proposals for state policing, to participate in reviewing the structural problems of tackling insecurity in Nigeria.
“(The meeting) urges Mr President to reconsider his position and consider decentralisation and restructuring of the security architecture as the most viable solution, together with proper arming, funding and training requirements for security agencies.”
The meeting also urged eligible Nigerians of all walks of life, particularly the youths, to register en-masse with the Independent National Electoral Commission (INEC)
This, the meeting, resolved, will enable the registered Nigerians to exercise their franchise in the 2023 general election.
“The next election is a very consequential election that should be used to end the dominance of very youth unfriendly APC government; a government that had the arrogance to deny Nigerian youths of the use of Twitter, a business friendly tool for the young, for over a year. The youths should empower themselves to determine who leads them.”
The PDP governors congratulated the Dr. Iyorchia Ayu-led National Executive Committee, and commended them for hitting the ground running with respect to repositioning the PDP into a credible vehicle for rescuing and rebuilding Nigeria which has been battered by bad economy, insecurity, unemployment and other social ills by the incompetent and inept APC administration.
Rivers State Governor, Chief Nyesom Wike, who hosted the meeting, was commended by forum for the great leadership performance he has entrenched in Rivers State.
The governors, who attended the meeting were, Hon. Aminu Tambuwal (Sokoto); Udom Emmanuel (Akwa Ibom); Senator Douye Diri (Bayelsa); Samuel Ortom (Benue); Dr. Ifeanyi Okowa (Delta); Ifeanyi Ugwuanyi (Enugu); Oluseyi Makinde (Oyo); Ahmadu Fintiri (Adamawa); Darius Ishaku (Taraba); and Bala Mohammed (Bauchi).
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.”
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.
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.”