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How We Plan To End Overreliance On Borrowing – Tinubu

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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.

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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.

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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.

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“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.

READ ALSO: President Tinubu Inaugurates Presidential Committee On Tax Reform

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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.

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

READ ALSO: ‘Jaw-jaw Better Than War-war’, Bode George Cautions Tinubu Over Niger

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.

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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.

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Edo Police Break Silence On Operatives Fighting Dirty In Viral Video

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By Joseph Ebi Kanjo 

The Edo State Police Command says a trending video showing two operatives of the command engaging in a fight is a handiwork of mischief makers.

In the video which has gone viral on the internet, two policemen are seen fighting themselves, while a voice commentary in the background claims they are from the Igueben Decisional Police Station headquarters in the state.

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A writeup also attached to a version of the video sighted by Info Daily also claims that the policemen were fighting because of sharing formula of money collected from motorists on the highway. The writeup also claims that the incident happened yesterday, May 17th, 2024.

READ ALSO: Three Children Rescued As Fire Guts Storey Building In Delta

But reacting to the viral video in a statement issued by SP Chidi Nwabuzor, Police Public Relations Officer, the command said contrary to the claim, the incident happened in 2020, adding that disciplinary measures were taken against the erring policemen.

The statement which issued electronically to newsmen in Benin on Saturday evening partly reads: “Edo State Police Command wishes to inform the general public that it’s aware of a video trending on the internet showing two policemen that engaged themselves in a fight in public spaces and wishes to state as follows that;

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“The now trending video happened in April 2020 in a community called Ebelle in the Igueben local government area of Edo State.

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“The two erring policemen, namely; (i) F/NO.491112 CPL Ozimeade Aidonojie and (ii) F/NO. 516384 PC Salubi Stephen were attached to Ebelle Police Divisional Headquarters.

“They defaulted, tried in an orderly and upon conviction dismissed from the Force for the offence of discreditable conduct contrary to Paragraph ‘E’ Sub Section 111 of the Police Act and Regulations 370 Cap. P19 of Federation of Nigeria 2004.”

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Nwabuzor in the statement reiterated the state Commissioner of Police, Funsho Adegboye, commitment to “making Edo State a desired secured state where the law abiding citizens and the general public go about their lawful businesses in making Edo State economic hubs of Nigeria without fear or intimidation.”

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Excitement, Dance As ‘Looted Ancestral Stools’ Return To Oba Of Benin

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It was a moment of joy, excitement and dance at the palace of the Oba of Benin as the revered monarch, Oba Ewuare II took custody of two looted royal stools from the German government.

They were handed over to the National Commission for Museums and Monuments, NCMM on behalf of the Nigerian government by the German authorities in 2022.

The Director-General of
National Commission for Museums and Monuments, Mr Olugbile Holloway made the presentation on behalf of the Federal Government on Saturday May18, 2024 in Oba of Benin Palace, Benin City.

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According to history, the artefacts — Bronze and wooden Royal stools (Ekete), made during the reign of Oba Eresoyen and Oba Esigie several Centuries ago, were looted from Oba Palace during the punitive expedition in 1897.

READ ALSO: Over 100 Priests, Palace Chiefs Storm Court For Oba Of Benin In Solidarity 

Addressing the Benin Throne during the presentation of the artefacts, Mr Holloway, pledged on behalf of NCMM, to work-hand-in hand with the Benin Royal Court in uplifting and displaying Edo heritage.

He revealed that as the Benin Bronzes and other art works are gradually making their way home (Nigeria), “NCMM will join hands with the Royal Court to create a befitting destination for people around the world to come and appreciate these works”.

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“What you see before us were originally taken away from the Royal family in 1897.

“We have a stool made of Bronze and a wooden stool.

“I speak for every member of my team, to say that we remain loyal to the Royal Court. And if there is anything we can do, we will do to support this laudable initiative.

READ ALSO: Oba Of Benin Suspends Six Officials For Posing As Palace Emissaries To Ooni Of Ife

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“This heritage is not just Benin heritage, but Nigeria’s heritage.
When we speak of Benin heritage, there is nobody that doesn’t know the great works of ours.

“I appreciate you, we will always do what we can do with our powers to make His Royal Majesty lineage in memory”, he said.

After unveiling the repatriated Artefacts, Oba of Benin, who danced joyfully to Benin traditional rendition in dramatic dance steps, with excited Chiefs and members of the Royal family, offered prayers to Almighty God and his ancestors.

The traditional ruler, who was visibly overwhelmed with joy, appreciated the German government and the Federal Government and the NCMM leadership for their efforts.

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The royal father, thereafter, in a historic move, sat in one of the royal stools (Ekete), and personally presented a chunk of white, which, according to belief, symbolizes peace and blessings to the Director-General of National Commission for Museums and Monuments, Mr Olugbile Holloway.

Oba Ewuare II also prayed for Mr Holloway and his team, accompanied by the Curator, National Museum, Benin, Mr Mark Olaitan, Director, Legal Services, NCMM, Barrister Babatunde Adebiyi on the visit where Royal Drummers gave a good account of their stewardship.

 

 

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50-year-old Man Dies While Watching Football Match In Lagos Bar

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A yet-to-be-identified man has died allegedly watching football in an open bar along Lagos-Abeokuta Expressway in Lagos.

It was discovered that the deceased, a man in his fifties, was a frequent patron of the open bar prior to the incident and had visited on May 15, 2024, to watch a football game.

But problems arose when it was later found that he was sleeping and that attempts to wake him up were unsuccessful.

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READ ALSO: Police Dismiss Inspector For N29.8m Theft, Kidnapping

The Lagos State Police Spokesperson, SP Benjamin Hundeyin, confirmed the incident by saying that on May 15, 2024, at approximately 7:00 PM, the owner of the open bar came to Elere Division to report that the same day, one of his male customers—whose name and address are unknown—died while watching a football game.

In an additional explanation, Hundeyin stated that when detectives from the division visited the scene, they saw the deceased lying lifeless on the chair without any signs of violence.

“His body has been taken to the mainland general hospital in Rusty Yaa for an autopsy,” he continued, “We are still trying to find his family.”

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