Tag: Bayo Onanuga

  • Presidency Rebuts Allegations of Looming 25% Post-Election Tax Hike

    Presidency Rebuts Allegations of Looming 25% Post-Election Tax Hike

    In an update published by Daily Post, the Nigerian Presidency has dismissed claims made by former Transportation Minister Rotimi Amaechi regarding a purported plan to implement a 25% tax increase following the next general election. Presidential spokesperson Bayo Onanuga labeled the allegations as “egregious lies” intended to incite public fear and create political instability. The government insists there are no such provisions in the current or proposed tax laws.
    The controversy erupted after a viral video showed the former minister warning citizens that an APC victory would lead to a significant tax burden on business transactions and rent. Amaechi had suggested that the government was delaying the implementation of these taxes to avoid voter backlash, urging the public to verify the “new tax law” with legal experts.
    In its rebuttal, the Presidency clarified that the ongoing tax reforms are focused on simplification and efficiency rather than arbitrary increases. The administration reiterated its commitment to creating a business-friendly environment and cautioned political actors against spreading misinformation that could disrupt the economy.
    The Nation corroborated the Presidency’s stance, noting that the Federal Ministry of Finance has no such 25% levy in its 2026 projections. A legal expert quoted in ThisDay stated, “There is no legislative record of a post-dated tax law of this magnitude; such claims appear to be purely speculative.” Additionally, Channels TV reported that the viral video has sparked intense debate on social media, with one analyst noting, “Political rhetoric regarding taxation must be grounded in documented policy to avoid unnecessary market panic.”
    Echotitbits take: This exchange highlights the heightening political tension as the 2027 election cycle begins to loom. Expect taxation to remain a central, albeit contentious, campaign issue as both sides scramble to define the economic narrative.
    Source: Vanguard – https://www.vanguardngr.com/2026/01/presidency-rebuts-kpmgs-claims-on-new-tax-laws-defends-reform-choices-2/, and February 15, 2026
    Photo credit: Vanguard

  • Presidency Clarifies President Tinubu’s Minor Stumble During State Visit to Turkey

    Presidency Clarifies President Tinubu’s Minor Stumble During State Visit to Turkey

    According to The Guardian, spokespersons for President Bola Tinubu have dismissed concerns regarding his health after the President experienced a brief loss of footing during a ceremonial welcome in Ankara, Turkey. The Presidency described the incident as a “minor and human occurrence” that had been misrepresented by political opponents for propaganda. They emphasized that the President is in good health and focused on the diplomatic objectives of his state visit.

    Denge Josef Onoh, a former spokesman for the President, stated that such incidents are common risks for world leaders operating under tight schedules and unfamiliar protocols. The Presidency’s official narrative is that the President simply stepped on a metal object on the floor, which caused a momentary stumble rather than a fall. Despite the explanation, the incident has sparked a debate on social media regarding the transparency of the administration concerning the President’s physical well-being.

    Daily Post reported on the mixed reactions, noting that activist Mahdi Shehu questioned the official account, stating, “This very unintelligent… simply admit he is tired.” Conversely, The Nation reported that “Turkish officials confirmed the event proceeded without further issue,” with President Erdogan continuing the bilateral talks as planned.

    Echotitbits take: While stumbles can happen to any leader, the sensitivity surrounding the President’s health makes every slip a viral event. Expect the administration to release more footage of the President engaging in vigorous activities during the remainder of the trip to counter the “frail” narrative.

    Source: Arise – https://www.arise.tv/presidency-tinubu-hale-hearty-after-minor-stumble-in-turkiye/  January 28, 2026

    Photo Credit: Arise

  • Tinubu heads to Europe ahead of Abu Dhabi Sustainability Week trip

    Tinubu heads to Europe ahead of Abu Dhabi Sustainability Week trip

    2025-12-28 09:00:00
    In an update published by Channels Television, the Presidency said President Bola Tinubu departed Lagos for Europe to continue his end-of-year break, ahead of an official trip to Abu Dhabi for ADSW 2026 in early January.

    The trip is being framed as part of Nigeria’s engagement with global sustainability, innovation and finance conversations, with Abu Dhabi Sustainability Week positioned as a convening point for government, business and civil society.

    A State House statement echoed the itinerary and purpose, saying the President left for Europe ahead of the Abu Dhabi engagement and noting the summit theme and timing.

    The messaging emphasises schedule and participation rather than announcing any immediate domestic policy actions tied to the travel.

    Channels quoted a Presidency statement that Tinubu would continue “his end-of-year break… ahead of his official trip to Abu Dhabi,” while the State House said he “departed Lagos… for Europe” ahead of the summit.

    Echotitbits take: If Abuja wants value from ADSW, outcomes should be measurable—climate-finance pipelines, project partnerships or investment commitments. Watch for what Nigeria returns with, beyond summit optics.

    Source: The Punch — December 28, 2025
    The Punch 2025-12-28

    Photo Credit: The Punch