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N8,000 Palliative: FG Robbing Poor To Pay The Rich – NLC
Published
2 years agoon
By
Editor
The Nigeria Labour Congress (NLC) has faulted President Bola Tinubu’s administration over the proposed N8,000 monthly cash palliative of N8,000 for 12 million Nigerian families in the space of six months, saying it was a ploy in robbing the poor to pay the rich.
Recall that Tinubu, last week, wrote a letter to the National Assembly seeking approval of an $800 million loan to be disbursed to 12 million households in the portion of N8,000 each, designed to cushion the effect of removal of fuel subsidy.
Reacting to this palliative, NLC President, Comrade Joe Ajaero, in a press release, on Tuesday, said the Federal Government is already using dictatorship style to impoverish Nigerians.
Ajaero further said the FG did not consider the plight of the Nigerian workers before making the decision on the palliative, as it said, “We have restrained ourselves from making further comments publicly on the vexatious issues around the recent but unfortunate unilateral hike in the price of Premium Motor Spirit (PMS) in the guise of the so-called subsidy withdrawal which has unleashed predictably as we had earlier warned unimaginable and unprecedented hardship, sorrow, anguish and suffering upon Nigerian workers and masses.
“Our resolve is anchored on our strong and abiding faith in the outcomes of the processes of social dialogue and its mechanisms, especially within a democratic setting which fortunately all the major stakeholders in the nation’s socioeconomic framework pleads to at this particular point in time though some have demonstrably shown that it does not go deeper than the rhetoric.
“However, the government of Nigeria seems to have been misled into believing that resorting to impunity and imperiousness in governance in a democracy is a beneficial option as it pursues its stated and unstated objectives.
“It is this belief that we are sure has continued shaping the actions of this government since its inauguration on the 29th day of May, 2023 to continue inflicting mindless and heartless pains on the populace one after the other without the decency of embracing the tenets of democracy which requires wide and deep stakeholder consultation on weighty matters of state.
READ ALSO: Tinubu Seeks Reps Approval Of N500bn For Subsidy Palliatives
“Nigerians would remember that the federal government had called for dialogue in the aftermath of its disastrous forlorn trajectory in the astronomical increase in Petroleum product price and our subsequent call for a nation-wide industrial action.
“We were also witnesses to the actions of the federal government in procuring an unholy injunction from the Courts which were served us in Gestapo style by trucks laden with fully armed soldiers and Policemen.
“In all of these provocations, we remained committed to the principles of the Rule of Law, good conscience and democracy so that we can continue to be the moral compass for leaders in the public space. This explained our decision to suspend action on the proposed strike.”
Ajaero said, “As it stands, rather than reciprocate the goodwill of Nigerian workers, the federal government has insisted on threading the path of dictatorship and seeking to impoverish the people further by taking steps that can only be described as robbing the people of Nigeria to pay and feed the Rich.
“It is on this basis that the NLC strongly condemns the decision of the Tinubu-led administration to seek the approval of the National Assembly to obtain another tranche of external loans worth N500b from the World Bank for the purposes of carrying out a phantom palliative measure to cushion the effect of its poorly thought-out hike in the prices of Premium Motor Spirit.
“Remember that the $ 800 million which was already proposed before the devaluation of the Naira by this government was worth about N400 billion then but is now worth about N650 billion after devaluation. It is from this, it proposes to bring out N500 billion for distribution.
“The proposal to pay N8,000 to each of the so-called 12 million poorest Nigerian households for a period of six months insults our collective intelligence and makes a mockery of our patience and abiding faith in social dialogue which the government may have alluded to albeit pretentiously.
“The further proposal to pay National Assembly members the sum of N70 billion and the Judiciary N36b is the most insensitive, reckless and brazen diversion of our collective patrimony into the pockets of public officers whose sworn responsibility it is to protect our nation’s treasury.
READ ALSO: FG Gets $800m World Bank Grant For Subsidy Palliatives
“We believe that this may amount to hush money and outright bribery of the other arms of government to acquiesce the aberration.
“It is unconscionable that a government that has foisted so much hardship on the people within nearly two months of coming into office will make a proposal that clearly rewards the rich in public office to the detriment of the poor. What this means all this while is that the government is seeking ways of robbing the very poor Nigerians so that the rich can become richer.
“There is no other way to explain the proposal to pay a misery sum of N8,000 Naira to each of the mysterious poorest 12 million Households for six months which amounts to N48,000 and pay just 469 National Legislators N70b or about N149m each while the Judiciary that has about 72 Appeal Court Judges, 33 National Industrial Court Judges, 75 Federal High Court Judges and 21 Supreme Court Judges and a total of about 201 Judges receives a total of N35b or N174m each.
“If these other two arms are projected to receive this, what members of the Executive Council will receive is better left to the imagination of Nigerians perhaps, the balance of N150b will go to them.
“These proposals are not just unacceptable to Nigerian workers but are also dictatorial and thus undemocratic.
“It is not a product of social dialogue which would have produced collectively negotiated outcomes by critical national stakeholders.
“We had thought that this government given the circumstances of its emergence ought to have been a stickler to all the preachments of the fine tenets of democracy which would have shored up its image and begun to build legitimacy for itself unfortunately, it seems to be in a hurry to abandon the remaining pretensions to democracy that the previous administration left behind.
“Furthermore, the actions of the federal government show that it does not have trust and confidence in the very Presidential Committee that it set up to take a comprehensive look at the consequences of the Petroleum Product price hike and make recommendations on the way forward to ameliorate its negative impacts upon the citizenry.
“What this means is that the government may actually not be interested in the work of the Committee and may have used it as a window to pretend to Nigerians that it is taking steps towards dealing with the consequences of its policies.
“We do not understand why the federal government would seek to undermine itself as its action suggests. Why not wait for the Committee to sit and come up with the needed recommendations which would then guide the government’s fiscal and monetary policies? Seeking to borrow and going to the NASS for an approval means that it has already taken decisions on what it wants to do and has a budget thus is in need to borrow to fund these activities. Like they will tell you; it is a fait accompli.
READ ALSO: Senate Grills Minister Over N32.4bn COVID-19 Palliative Fund
“We reiterate that we do not have confidence in how the data for the never changing 12m poorest households was generated neither do we have confidence in the mechanisms being pursued for the distribution of the cash transfers.
“The history of such transfers especially the school feeding programmes even while the children were at home due to the Covid-19 pandemic and the Trader Moni saga fills Nigerians with trepidation reminding us of the continued heist of our collective resources by those in Public office.
“We have continually demanded that this register be made public but, it seems to have become an instrument of the occult shrouded in mystery and wielded by the grandmasters whenever opportunities like this present themselves.
“It is important to inform Nigerians that despite having shown our readiness to commence work in the Committees, the federal government which convenes the meetings is yet to inaugurate the National Steering Committee thus stalling the Work of the Proposed Committees.
“If the government had wanted an expedited action which Nigerians want more, the best approach would have been to quickly inaugurate the Committees and allow them do their work but as we write, nothing has been done except the continuation of the borrowing spree and subsequent allocation to themselves.
“NLC would not want to continue to be part of the usual charade of Committees with outcomes that are never implemented. We would not want to waste the time of Nigerians especially workers on Committees that have already been programmed to fail and thus ignored.
“We do not want to provide a cover for the government to get away with the hardship it has imposed on the people. We do not want to legitimize impunity.
“As a result, if the government does not want to stop these fortuitous actions that it is pursuing in the name of palliatives, we will be forced to constructively review our engagement with the government on this vexatious issue and take matters into our own hands.”
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News
BREAKING: Renowned Businessman, Aminu Dantata, Is Dead
Published
9 hours agoon
June 28, 2025By
Editor
Alhaji Aminu Alhassan Dantata, a renowned Nigerian businessman and philanthropist, has passed away at the age of 94.
The news of billionaire businessman’s demise was disclosed via a social media post on Saturday by the Deputy National Treasurer of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Uba Tanko Mijinyawa.
According to him, details of the Muslim funeral prayer (Jana’iza) for Dantata will be announced in due course.
“Inna Lillahi wa’inna ilaihi Raji’un. Allah ya yi wa babanmu Dattijo, Alhaji Aminu Alhassan Dantata, rasuwa. Muna addu’a Allah ya jikan sa, ya gafarta masa. Za a sanar da lokacin jana’izarsa,” Tanko wrote in Hausa language.
READ ALSO: One Dead As Police Foil Kidnap Attempt In Kogi
Tanko’s message about the late philanthropist, who is also an uncle to Africa’s richest man, Aliko Dangote, was translated as “Indeed, we belong to Allah and to Him we shall return. May Allah have mercy on our father and elder, Alhaji Aminu Alhassan Dantata. We pray for his forgiveness. The time of his funeral will be announced.”
Also confirming the news, his Principal Private Secretary, Mustapha Abdullahi Junaid, disclosed in a statement Saturday morning that the Janazah details will be shared later.
Junaid wrote, “Innalillahi wa inna ilaihi rajiun. Innalillahi wa inna ilaihi rajiun. It is with heavy heart that I announce the passing of our beloved father, Alhaji Aminu Alhassan Dantata. May Allah grant him Jannatul Firdaus and forgive his shortcomings. The Janazah details will be shared later insha Allah.”
Alhaji Aminu Dantata, who was the founder of Express Petroleum & Gas Company Ltd., is also credited with having played a key role in the establishment of Nigeria’s first non-interest (Islamic) bank, Jaiz Bank.
News
EYIF: Utilize N2m Grant Provided By The Govt, Edo Deputy Gov Urges Youths
Published
18 hours agoon
June 27, 2025By
Editor
…says 1,500 applicants screened, 30 met requirements
Deputy Governor of Edo State, Hon. Dennis Idahosa, has urged youths in the state to make the best use of the N2 million start-up grant provided by the state government under the Edo Youth Impact Forum (EYIF).
Idahosa added that the youths must be innovative as they tapped into the two million start-up grant.
In a statement, the Chief Press Secretary to the Deputy Governor, Friday Aghedo, said Idahosa made the remarks during an incubation class of EYIF.
The Edo number two citizen, while noting that EYIF was parts of the government’s drive to build a new generation of entrepreneurs that would impact and shape the state’s financial economy, showed them how to position themselves in the entrepreneurial space to boost the local economy.
READ ALSO: Idahosa Optimistic Shaibu Will Perform As National Sports Institute DG
Idahosa encouraged the youths to put behind their challenges and make the best of the opportunity provided by the Senator Monday Okpebholo-led government.
According to him,
though 1,500 applicants got screened ahead of the finale scheduled for July 2, 2025, only 30 met the requirement and thus scaled the initial process.
“This number has again been pruned to 10 participants today and will eventually be reduced further to five finalists at the end of the day.
“Irrespective of who emerges as finalists, I want you to know that you are all winners. We are here as a government to encourage the youths because any society that strives to grow must have an active youth involvement,” Idahosa reiterated.
Earlier, the Special Adviser to the Governor on Finance, Investment and Revenue Generation, Mr. Kizito Okpebholo, presented the participants to the deputy governor.

President Bola Tinubu on Thursday signed four new tax laws aimed at modernising and streamlining the country’s tax system.
In the new tax law, the Value Added Tax rate remains at 7.5 per cent despite initial proposals to increase to 12.5 per cent, but its scope is expanded.
Essential items—such as food, education, healthcare, public transport, residential rent, and exports—are zero-rated to ease inflationary pressure.
For revenue allocation is restructured: now 30 per cent of VAT proceeds are distributed based on consumption (rather than contribution), 50 per cent equally among states, and 20 per cent to population-based allocation.
With the latest development, it is expected that state revenue streams will increase, and it will also discourage tax evasion.
Overview of the four new laws
Nigeria Tax Act: Consolidates various tax rules into a single, simplified code, eliminating over 50 small, overlapping taxes. This reduces complexity and duplication, making it easier for businesses to comply.
READ ALSO:Nigerian Lawmakers Approve Tinubu Tax Reform Bills
Tax Administration Act: Establishes uniform rules for tax collection across federal, state, and local governments, ensuring consistency and reducing administrative conflicts.
Nigeria Revenue Service Act: Replaces the Federal Inland Revenue Service with the independent Nigeria Revenue Service, aiming for greater efficiency and autonomy in tax administration.
Joint Revenue Board Act: Enhances coordination between different government levels and introduces a Tax Ombudsman and Tax Appeal Tribunal to handle disputes fairly.
Key objectives of the new tax rules
Simplify Tax System: Reduces bureaucratic hurdles and overlapping taxes to make compliance easier, especially for small businesses and informal traders.
Increase Revenue Efficiency: Aims to boost Nigeria’s tax-to-GDP ratio from 10% (below the African average of 16–18%) to 18 per cent by 2026 without raising taxes on essential goods.
Reduce Financial Burden: Provides relief for low-income households and small businesses while ensuring high-income earners and luxury consumers contribute more.
READ ALSO:Senate Passes Two Tax Reform Bills
Fund Public Services: Increased revenue will support infrastructure, healthcare, and education, reducing reliance on borrowing.
Who benefits and how
Low-Income Households:
Individuals earning up to ₦1 million ($650) annually receive a ₦200,000 rent relief, reducing taxable income to ₦800,000, exempting them from income tax.
VAT exemptions on essential goods and services (food, healthcare, education, rent, power, baby products) lower living costs.
Small businesses:
Businesses with an annual turnover below ₦50 million ($32,400) are exempt from company income tax.
Simplified tax filing without requiring audited accounts reduces compliance costs.
Large businesses:
Corporate tax rates drop from 30 per cent to 27.5 per cent in 2025 and 25 per cent thereafter.
Tax credits for VAT paid on expenses and assets allow businesses to recover the 7.5 per cent VAT.
Charitable, educational, and religious organisations:
READ ALSO:FG Sues Binance For $81.5bn In Economic Losses, Back Taxes
Tax incentives for non-commercial earnings, encouraging community-focused activities.
Impact on different groups
Low-Income Earners: Benefit most from income tax exemptions and lower costs for essentials, increasing disposable income.
Small Businesses and informal traders: Simplified rules and tax exemptions encourage compliance and reduce financial strain, potentially formalising more businesses.
High-income earners and luxury consumers face higher VAT on luxury goods and premium services, plus capital gains tax on large share sales.
Government: Expects increased revenue for public services without overburdening vulnerable citizens.
Why reforms were needed
Nigeria’s tax system was outdated, inefficient, and disproportionately harsh on low-income groups.
The low tax-to-GDP ratio (10%) limited funding for critical services like healthcare and infrastructure.
Overlapping taxes and complex rules deterred compliance, especially among small businesses and informal traders.
Public and expert reactions
READ ALSO:JUST IN: Tax Reforms Here To Stay, Says Tinubu
Positive sentiment: Small business owners welcome tax exemptions but seek clarity on enforcement to avoid unexpected levies.
Low-income earners appreciate relief on essentials but remain cautious about implementation.
Taiwo Oyedele, head of the Presidential Fiscal Policy and Tax Reform Committee, claims 90% public support, emphasising that success depends on awareness and trust.
The reforms align with Tinubu’s administration’s goal to reduce economic inequality and boost fiscal capacity without overburdening citizens.
By encouraging voluntary compliance and reducing reliance on loans, Nigeria aims to strengthen its economy and fund development projects.
These reforms mark a significant step toward a fairer, more efficient tax system, with a focus on supporting vulnerable groups while fostering economic growth. However, their success hinges on transparent enforcement and public trust. For further details, you can refer to official statements from the Nigerian government or credible news sources covering the reforms.
(PUNCH)
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