Echotitbits – Nigeria News

Tag: Governance

  • Tinubu insists new national tax laws start January 1 despite calls for delay over “gazette” dispute

    Tinubu insists new national tax laws start January 1 despite calls for delay over “gazette” dispute

    2026-01-02 09:00:00
    In a report filed by Reuters, President Bola Tinubu said Nigeria will proceed with implementing new tax laws from January 1, 2026, despite criticism and calls for delay tied to disputes over the gazetted text versus what lawmakers passed.

    The dispatch notes that opponents have alleged unauthorized insertions and warned about expanded enforcement powers, while the presidency argued there was no substantial issue that should pause the reforms and described the change as a major fiscal reset.

    The controversy is unfolding alongside broader reforms, with the government leaning on a tax overhaul as a revenue and efficiency lever.

    Validation: TheCable reported legislative voices urging suspension until allegations are resolved, noting the rollout is “scheduled to begin in January.” Reuters quoted Tinubu’s framing of the reform as a “once-in-a-generation” fiscal reset.

    Echotitbits take: The reform will be judged by whether it reduces friction (harmonisation, clarity, lower compliance pain) or becomes an enforcement brawl. Watch the implementation guidelines, dispute-resolution mechanics and whether businesses see predictable rules rather than surprise powers.

    Source: Reuters — 2025-12-30 (https://www.reuters.com/world/africa/nigeria-implement-new-tax-laws-january-1-despite-calls-delay-tinubu-says-2025-12-30/)
    Reuters 2025-12-30

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  • Kogi signs two revenue bills to align state collections with Nigeria’s new tax reform direction

    Kogi signs two revenue bills to align state collections with Nigeria’s new tax reform direction

    2026-01-02 09:00:00
    Figures cited by Punch show Kogi State has signed into law two revenue-related bills intended to strengthen tax administration and align with the Federal Government’s broader tax reform agenda.

    The measures include a state internal revenue service establishment framework and a harmonised approach to collecting taxes and levies, presented as a way to boost transparency and reduce leakages.

    Officials argue that clearer rules can improve compliance and expand the revenue base beyond a narrow set of collection points, if the rollout avoids harassment and multiple taxation traps.

    Validation: The Guardian reported Kogi “signed into law two key revenue bills” aligned with the federal reform direction. PM News echoed the expected impact, quoting a government statement that the move is “expected to boost state revenue, enhance transparency, and promote economic growth.”

    Echotitbits take: Tax reform succeeds or fails in execution. Watch for whether Kogi digitises collections, curbs informal levies at local levels and sets a credible appeals process—business confidence depends on predictability, not just new laws.

    Source: The Punch — 2026-01-02 (https://punchng.com/kogi-gov-signs-tax-reform-laws/)
    The Punch 2026-01-02

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  • Oluremi Tinubu’s @65 Education Fund closes at ₦25.52bn for National Library project

    Oluremi Tinubu’s @65 Education Fund closes at ₦25.52bn for National Library project

    2026-01-01 07:50:00
    According to The Nation, the Oluremi @65 Education Fund—set up around Nigeria’s First Lady’s 65th birthday—closed after raising ₦25.52bn, tied to education support and the National Library project.

    The disclosure puts a hard figure to a fundraising drive that drew attention for both its scale and the stated goal of moving a long-delayed national institution toward completion.

    Execution is now the key issue: procurement transparency, governance structure, and clear milestones that show the money translates into measurable progress.

    The Guardian Nigeria also reported the fund “has closed after raising” ₦25,520,708,074.35.

    BusinessDay similarly stated the appeal “had reached a total of ₦25,520,708,074.35” as of December 31, 2025.

    Echotitbits take:

    Nigerians will support public-good projects when trust is high. Watch for an auditable dashboard, published milestones, and transparent contracting—otherwise the story risks ending as a headline without delivery.

    Source: The Nation — January 1, 2026 (https://thenationonlineng.net/oluremi-65-education-fund-raises-n25-52bn-for-national-library-project/)

    The Nation 2026-01-01

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  • Tinubu says 2026 begins a “more robust phase” for Nigeria’s economic growth

    Tinubu says 2026 begins a “more robust phase” for Nigeria’s economic growth

    2026-01-01 07:35:00
    According to Vanguard, President Bola Tinubu said 2026 would mark the beginning of a more robust phase of economic growth as reforms mature.

    The messaging positions recent macro decisions—subsidy removal, FX changes, and fiscal tightening—as a bridge from instability toward higher growth and investor confidence.

    Household pressure points—prices, jobs and purchasing power—remain the practical scorecard for whether the optimism resonates.

    Punch also framed the outlook as Tinubu pledging a “strong economic rebound.”

    The Guardian Nigeria similarly carried the “more robust phase of economic growth” line in its reporting of the New Year message.

    Echotitbits take:

    The market will judge by outcomes: inflation direction, FX stability, real wages, and whether power/transport constraints ease. Watch Q1 indicators and whether policy consistency holds under social pressure.

    Source: Guardian — January 1, 2026 (https://guardian.ng/politics/full-text-2026-marks-start-of-more-robust-economic-growth-says-tinubu-in-new-year-message/)

    Guardian 2026-01-01

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  • ICRC urges Nigerians to stay hopeful as PPP approvals signal infrastructure momentum

    ICRC urges Nigerians to stay hopeful as PPP approvals signal infrastructure momentum

    2026-01-01 07:40:00
    In a statement reported by GazetteNGR, the ICRC director-general urged Nigerians to enter 2026 with renewed hope, stressing infrastructure delivery and PPP momentum.

    The message points to government approvals and structuring work around private-sector-led solutions as evidence of steps to reduce Nigeria’s infrastructure deficit.

    In practice, the real question is whether projects become bankable and deliverable—where contract design, risk allocation and enforcement decide outcomes.

    Punch quoted the ICRC chief pointing to FEC approvals that provide “reassurance” about closing the gap via private-sector-led solutions.

    Trust Radio also reported he urged citizens to remain “hopeful and confident” that progress is steady.

    Echotitbits take:

    PPPs can transform delivery—or become rent channels. Watch for transparent procurement, clear user-fee/tariff logic, and credible dispute resolution to keep projects moving and socially acceptable.

    Source: GazetteNGR — January 1, 2026 (https://gazettengr.com/icrc-boss-urges-nigerians-to-embrace-hope-shared-responsibility-in-2026/)

    GazetteNGR 2026-01-01

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  • National Assembly responds to outrage over alleged discrepancies in gazetted fiscal laws

    National Assembly responds to outrage over alleged discrepancies in gazetted fiscal laws

    2026-01-01 06:45:00
    According to The Guardian (Nigeria), the National Assembly issued clarifications on the passage-to-gazette process for major tax and revenue laws after public outrage over alleged discrepancies.

    In an update published by the outlet, lawmakers positioned the process as orderly while acknowledging rising concerns about transparency and chain-of-custody from passage to publication.

    The controversy has amplified calls for clean, verifiable “as passed” texts to support compliance and public trust.

    ARISE TV also framed the dispute as a demand for suspension and review over alleged discrepancies between versions passed and versions published.

    Other civic and media summaries similarly described the issue as scrutiny over differences between gazetted laws and the texts lawmakers said were approved.

    Echotitbits take:

    This is a trust test. The clean fix is document transparency: publish side-by-side versions, harmonisation notes, and an audit trail of edits—otherwise compliance could suffer and investment risk perception could rise.

    Source: The Guardian Nigeria — December 26, 2025 (https://guardian.ng/news/nass-clarifies-process-on-tax-revenue-acts-amid-outrage/)

    The Guardian — 2026-01-01 06:45:00

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  • EFCC arraigns Malami, wife, son over alleged ₦8.7bn money laundering

    EFCC arraigns Malami, wife, son over alleged ₦8.7bn money laundering

    2025-12-31 08:49:00

    In a report carried by PUNCH, the EFCC has arraigned former Attorney-General Abubakar Malami alongside his wife and son in an Abuja court over alleged ₦8.7bn money laundering, with proceedings focusing on the agency’s stated charges and the defendants’ responses.

    The case is one of the most politically sensitive anti-graft developments of the period, given Malami’s former role at the centre of federal legal and justice architecture.

    Beyond courtroom drama, the prosecution’s ability to present clean money trails—and the defence’s ability to challenge them—will shape how the public reads the credibility of the anti-corruption push.

    Validation: EFCC said “a 16-count charge bordering on conspiracy… and laundering proceeds of unlawful activity.” and Premium Times reported “conspired to disguise the origin of funds… in violation of the Money Laundering… Acts.”

    Echotitbits take: This is a test-case for high-profile prosecution quality—paperwork, evidence integrity, and judicial pace. Watch adjournments, bail terms, and whether related asset actions (if any) emerge.

    Source: The Punch — 31 December 2025 (https://punchng.com/money-laundering-malami-wife-son-to-spend-new-year-in-prison/)

    The Punch 31 December 2025

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  • PASAN warns of unrest over alleged federal character breaches in National Assembly appointments

    PASAN warns of unrest over alleged federal character breaches in National Assembly appointments

    2025-12-29 09:00:00
    Reporting by Punch indicates parliamentary workers under PASAN protested what they described as repeated violations of the federal character principle in the appointment of secretaries, warning the trend could provoke industrial unrest.

    PASAN’s argument is that uneven representation in sensitive appointments fuels perceptions of marginalisation and undermines cohesion inside the legislature’s bureaucracy.

    The Guardian reported PASAN referenced Section 14(3) of the Constitution and warned that continued disregard could fuel discontent and industrial unrest.

    Blueprint also reported PASAN’s petition, noting concerns about appointments and the risk of institutional tension if the alleged imbalance persists.

    Punch reported workers warned of “industrial unrest,” while The Guardian wrote PASAN warned “continued disregard… could fuel discontent and industrial unrest.”

    Echotitbits take: Federal character disputes rarely stay administrative. Watch for whether the National Assembly Service Commission publishes appointment data by state/zone and whether PASAN escalates to work-to-rule or strikes.

    Source: The Punch — https://punchng.com/nassembly-workers-protest-alleged-federal-character-breach/ — December 29, 2025
    The Punch 2025-12-29

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  • SERAP takes subsidy-savings fight to court, demands project-by-project disclosure

    SERAP takes subsidy-savings fight to court, demands project-by-project disclosure

    2025-12-29 09:00:00
    According to Punch, SERAP has sued state governments and named officials over the handling of fuel-subsidy savings, arguing that the public deserves full disclosure of what was received and which projects were funded.

    The group’s case is built around traceability: if subsidy removal was justified partly as freeing funds for development, then spending should be linked to locations, contractors and outcomes.

    A separate report also framed the case as an attempt to compel disclosure and accountability around subsidy-era windfalls at subnational level.

    The suit matters because it could expand expectations of fiscal transparency from Abuja to the states, especially around pooled or shared national savings.

    Punch reported SERAP is asking the court to force disclosure of how subsidy savings were spent, while another report described the suit as a bid to compel “accountability and transparency” over the funds.

    Echotitbits take: If courts entertain the suit, governors may face new documentation pressure. Watch for whether the case triggers pre-emptive publication of state-level scorecards—projects, costs and completion status.

    Source: THISDAYLIVE — https://newsdiaryonline.com/serap-sues-governors-wike-over-failure-to-account-for-n14trn-fuel-subsidy-savings/ — December 29, 2025

    THISDAYLIVE 2025-12-29

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  • 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

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