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FG Focuses More On Tax Revenue
The Federal Government says it will henceforth focus more on domestic resources mobilisation with a focus on a more efficient collection of taxes, fees and payments that are due to the government.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this disclosure on Tuesday, on the sidelines of the ongoing World Bank Group/International Monetary Fund Annual Meetings holding in Marrakech, Morocco.
Speaking shortly after G-24 meeting involving Nigeria, Edun said the meeting focused on how the World Bank Group/IMF could be reformed to offer more support to developing economies.
He said global interest rates have been rising and there is a need for countries, including Nigeria, to focus more on mobilising resources locally, something which he said Nigeria has already commenced.
“It (the meeting) was basically looking at transforming the multilateral financial institutions for the 21st century. A special adviser spoke on a report that has been done, World Bank Vice President and IMF Managing Director also made their contributions.
“Essentially, the conversation was that the global financial architecture needs to be reformed for the 21st.
“Basically, what (World Bank Group/IMF) we have at the moment is not meeting the expectations and requirements of developing countries such as Nigeria.
“There is not enough concessionary financing; interest rates are going up even within the multilateral institutions, such that interest rates are so high around the world that the issue of debt is one that is very high on the agenda.
“Of course, there is a financing gap, there is not enough funding to fund the developing requirements of the poorer countries, and that is what the conversation is all about-the need for reforms, change and improvements. They talked about a bigger, a better and bolder World Bank Group that will perhaps mobilise private sector funding”, Edun explained.
He said the Tinubu-led government would unveil a major tax policy reform very soon.
“For Nigeria, something that the government of President Bola Tinubu has been emphasising also came to the fore here, and that is domestic resource mobilisation.
“The fact that we have depended on our savings, resources to a larger extent, we must be efficient in collecting taxes, fees and payments that are due, we must be efficient and cost effective with our expenditure.
“We must create a bigger base of financing from our own resources, we must rely on ourselves, we must pull ourselves up much more than relying on others. That was an important message that came out”, the Minister said.
On inclusiveness in making decisions, Edun said, “On one hand, as far as the international, multilateral development banks and institutions are concerned, we along with other Africans are calling for a bigger voice, a third seat in the governance of the World Bank and IMF, and for Sub-Saharan Africa, and at the end of the day for Nigeria”.
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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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