News

How We Plan To End Overreliance On Borrowing – Tinubu

Published

2 years ago

August 8, 2023

President Bola Tinubu has expressed his administration’s commitment to break the cycle of overreliance on borrowing for public spending that results in the burden of debt servicing.

Inaugurating the Presidential Committee on Fiscal Policy and Tax Reforms on Tuesday in Abuja, the President charged the committee to improve the country’s revenue profile and business environment.

He also said that the Federal Government was moving towards achieving 18 per cent Tax-to-GDP ratio within three years.

The President directed the committee to achieve its one-year mandate, which is divided into three main areas: fiscal governance, tax reforms, and growth facilitation.

He also directed all government ministries and departments to cooperate fully with the committee towards achieving its mandate.

Tinubu said that the committee has the responsibility of assisting the administration in meeting the high expectations of citizens to make their lives better.

“We cannot blame the people for expecting much from us. To whom much is given, much is expected.

“It is even more so when we campaigned on a promise of a better country anchored on our Renewed Hope Agenda.

“I have committed myself to use every minute I spend in this office to work to improve the quality of life of our people,” he said.

Acknowledging Nigeria’s current international standing in the tax sector, the President said the nation was still facing challenges in areas such as ease of tax payment and its Tax-to-GDP ratio.

“Our aim is to transform the tax system to support sustainable development while achieving a minimum of 18 per cent tax-to-GDP ratio within the next three years.

“Without revenue, government cannot provide adequate social services to the people it is entrusted to serve.

“The Committee, in the first instance, is expected to deliver a schedule of quick reforms that can be implemented within thirty days.

“Critical reform measures should be recommended within six months, and full implementation will take place within one calendar year,” the President directed.

Recounting the President’s track record on revenue transformation, the Special Adviser to the President on Revenue, Mr Zacchaeus Adedeji, described the committee members, drawn from the public and private sectors, as accomplished individuals from various sectors.

“Mr President, you have the pedigree when it comes to revenue transformation. You demonstrated this when you were the Governor of Lagos state over 20 years ago,” Adedeji said.

Chairman of the Committee, Mr Taiwo Oyedele, pledged the commitment of members to give their best in the interest of the nation.

“Many of our existing laws are outdated, hence they require comprehensive updates to achieve full harmonisation to address the multiplicity of taxes, and to remove the burden on the poor and vulnerable while addressing the concerns of all investors, big and small,” he said.

News

Better Days Ahead, New Bendel Insurance Coach Assures

Published

14 minutes ago

October 14, 2025

Editor

New coach of Bendel Insurance Football Club, Benin, Coach Kennedy Boboye, on Tuesday assured management and Supporters Club of the Benin Arsenal that things will change for good.

Boboye spoke at his official unveiling as the new coach of the Benin Arsenal which was held at the Media Centre of the Samuel Ogbemudia Studium, Benin City.

The new Head Coach, who solicited for cooperation and support from both the management, players and supporters of the club, said with this, he would bring his expertise in football management to bear, and make sure the football club took its position in the Nigeria Premier Football League.

Earlier, Chairman, Edo State Sports Commission, Amadin Enabulele, expressed optimism that, going by the track records of the new coach, the Benin Arsenal would experience the needed change.

“This coach is a proven winner. He knows what it takes to succeed in this league, and he brings with him a mindset that aligns perfectly with the ambition we have for this football club,” he said.

On his part, the Chairman, Bendel Insurance Football Club, Jarrett Tenebe, said though he’s not satisfied with the current position of the football club in the Nigeria Premier Football League, this new coach would restore the lost glory.

Bendel Insurance is in the 19th position of the league with six points.

News

Edo Assembly Commission Questions Clerk Over Alleged Age Falsification

Published

4 hours ago

October 14, 2025

Editor

Edo State House of Service Commission has invited the Clerk of the Assembly, Audu Omogbai, for questioning over alleged age falsification.

The invitation of the Clerk followed a petition by some Concerned Staff of the Assembly.

The petitioners alleged that Omogbai, falsified his age to remain in service.

They alleged that the Clerk’s initial appointment dated back to 1993 and that he has exceeded the mandatory 30 years of service.

The petitioners also alleged that the Clerk has surpassed the mandatory retirement age of 60 as well as obstructing investigation.

The petition reads partly, “The Clerk has allegedly withheld official file records, hindering investigations into these matters.

“We humbly request your intervention to investigate these allegations and take appropriate actions to maintain integrity and adherence to regulations within the Edo State House of Assembly.”

It was gathered that Omogbai has been invited for questioning.

He was invited in a letter signed by Chairman of the Assembly Commission, Sir Ezehi Igbas.

Omogbai was asked to appear before a three-Man Ad-hoc Committee for an interview session.

The Assembly Clerk could not be reached for comments.

News

Abductors Demand ₦5m As Teenager Is Kidnapped In Edo

Published

6 hours ago

October 14, 2025

Editor

A 12-year-old girl has been kidnapped in Ayogwiri community, Etsako West Local Government Area of Edo State.

The abductors, suspected to be Fulani herdsmen attacked some women on their way from the farm and in the process kidnapped the teenager, and injured some of the women.

This incident was said to have created fear and panic in the community.

It was gathered that the kidnappers of the teenager are asking for N5 million ransom.

‎The community in a statement issued by Engr Vincent Ozemoya, the Chairman of the Board of Trustees of the community, condemned the incident.

“The BoT calls on all relevant security agencies in the area to rise up and rid our Farms and forest of evil elements, be they herdsmen or kidnappers,” the statement reads

The Police Public Relations Officer (PPRO), Moses Yamu could not be reached as at the time of this report.