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FG To Reduce Taxes From 62 To Single Digit – Oyedele

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The administration of President Bola Tinubu is working to reduce taxes in the country from the current 62 to a maximum of nine, in his determination to create a more business-friendly environment in the country.

The Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, disclosed this at the 2023 Annual Conference of the Institute of Chartered Accountants of Nigeria,  in Abuja, this afternoon.

He said that the step has become imperative as the current multiplicity of taxes has made Tax administration cumbersome and ineffective.

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READ ALSO: Troops Arrest 13 Suspects For Alleged Kidnapping, Recover 279 Rustled Cows

The Chairman compared Nigeria’s Tax revenue of N15. 194 trillion  2022 to the equivalent of N78 trillion revenue of South Africa, with only 10 taxes in the same period.

To achieve the tax reduction goal, Mr. Oyedele said that administrative intervention and constitutional amendment would be required.

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BREAKING: Rev Uma Ukpai Is Dead

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Rev. Uma Ukpai, an international evangelist who is the founder and president of Uma Ukpai Evangelistic Association, is dead.

Rev. Uma died at the age of 80.

READ ALSO:Head Of Mormon Church Is Dead

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ASUU Declares Two-week Strike, Orders Members To Down Tools On Monday

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The Academic Staff Union of Universities (ASUU) has announced the commencement of a two-week ‘total strike’ and ordered its members to withdraw their services across the country, effective 12:01 a.m. on Monday.

ASUU President, Prof. Christopher Piwuna, disclosed this at a press conference in Abuja on Sunday.

The development comes after the two-week ultimatum issued to the Federal Government to address their long-standing demands expired.

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Prof. Piwuna expressed dismay that nothing significant had happened since it issued the two-week ultimatum. “Government has been asking for time with nothing concrete on the ground to resolve it,” he said.

READ ALSO:ASUU Directs Members To Begin Nationwide Strike Education

According to him, the decision to embark on the total strike was reached after several rounds of meetings with government representatives ended without any tangible commitment.

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He noted that the union had exhausted all avenues for dialogue and patience, emphasising that the strike action was the last resort to compel the government to fulfil its promises.

He further explained that the union had consistently shown restraint in order not to disrupt the academic calendar, but the government’s insensitivity had left them with no alternative.

“Consequently, all branches of ASUU are hereby directed to withdraw their services with effect from midnight (12:01 a.m.) on Monday, 13 October 2025. The warning strike shall be total and comprehensive as agreed at the last NEC meeting,” he said.

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READ ALSO:ASUU Directs Members To Begin Nationwide Strike Education

He also called on well-meaning Nigerians, civil society organisations, and the media to prevail on the Federal Government to address the lingering issues once and for all. The union warned that unless concrete steps are taken within the two-week period, it will not hesitate to extend the strike indefinitely. “This struggle is not just for university lecturers; it is for the soul of public education in Nigeria,” Prof. Piwuna declared.

The seven-point demands include: re-negotiation of the 2009 ASUU-FGN agreement; sustainable funding of universities; revitalisation of universities; victimisation of ASUU members in Lagos State University (LASU), KSU (now Prince Abubakar Audu University), and Federal University of Technology, Owerri (FUTO).

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Others are outstanding 25–35 per cent salary arrears; promotion arrears for over four years; as well as third-party deductions.

 

 

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Nigerian Engineers applaud Gov. Mohammed’s $5bn Investment Deals

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The Nigerian Society of Engineers (NSE), Bauchi state chapter has commended Gov. Bala Mohammed for organising the maiden international investment summit that recorded a 5 billion Dollars investment deal in the state.

It could be recalled that Prof. Murtala Sagagi, Chairman of the Summit Planning Committee, disclosed at the end of the summit that it recorded over 5 billion Dollars investment deals and 47 Memoranda of Understanding (MoUs) signed.

He said that the agreements signed covered agriculture, solid minerals, power, infrastructure, and ICT sectors, adding that one of the MoUs translated into a concrete investment deal worth 1 billion dollars, which would become operational before the end of 2025.

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Speaking with newsmen on Sunday, Engr. Abdulkarim Hassan, Chairman, NSE, Bauchi state chapter, congratulated the state government for organizing and the successful completion of the economic and investment summit.

READ ALSO:Bauchi Attorney-General Says GBV Is A Pressing Human Right Issue

According to him, the summit has also showcased Nigerian engineers’ professional prowess to the world as the newly constructed International Conference Centre (ICC) where the summit was held was built by a Nigerian construction company.

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He expressed confidence in the governor for engaging Nigerian engineers to do the job, saying “the feeling is mutual because if he didn’t have confidence in us, he would have engaged foreign engineers to do the work.

“We extend our profound
congratulations to the governor on the successful completion of the Bauchi
Investment Summit.

“This summit was not merely an event, it was a clear demonstration of his visionary leadership and unwavering commitment to transforming Bauchi State into a prime destination for investment.

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READ ALSO:Bauchi Attorney-General Says GBV Is A Pressing Human Right Issue

“The quality of delegates, the insightful discussions, and the tangible commitments secured during the summit have set a new benchmark for economic engagement in the North-East and other
regions in Nigeria.

“As professional engineers, we were particularly encouraged by the strong emphasis placed on infrastructure, industrialisation, and technological development, which are key pillars that will
drive sustainable growth,” he said.

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Hassan added that the success of the summit has laid a robust foundation for attracting the capital necessary to execute the ambitious infrastructural projects required for the state’s development.

He expressed the readiness of the NSE, Bauchi branch to partner with the state government by offering its professional expertise and technical support to ensure that the outcomes and MoUs from the summit translated into sustainable reality for the people of Bauchi State.

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