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President Tinubu Inaugurates Presidential Committee On Tax Reform

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President Bola Tinubu has inaugurated the Presidential Committee on Fiscal Policy and Tax Reforms.

Naija News reports that the inauguration took place on Tuesday at the Council Chamber of the Presidential Villa in Abuja.

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In his speech, President Tinubu said the federal government cannot continue to tax poverty when it is supposed to promote prosperity.

READ ALSO: Sea Port, New Cities To Emerge In S’East Soon – Iwuanyanwu

Recall that the President had on July 7 approved the establishment of the Committee headed by a former Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC), Taiwo Oyedele.

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According to a statement from the presidency, the establishment of the committee is in consonance with his promise to remove all barriers impeding business growth in the country.

The statement added that the committee will comprise experts from both the private and public sectors and have responsibility for the various aspects of tax law reform, fiscal policy design and coordination, harmonization of taxes, and revenue administration.

It said the panel would be responsible for various aspects of tax law reforms, fiscal policy design and coordination, harmonisation of taxes, and revenue administration.

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READ ALSO: Nigeria, S’Africa Top Global Unemployment Rating, Qatar Comes Least

The statement added that the committee’s primary objective is to enhance revenue collection efficiency, ensure transparent reporting, and promote the effective utilisation of tax and other revenues to boost citizens’ tax morale, foster a healthy tax culture, and drive voluntary compliance.

Speaking on the committee’s establishment, Zacchaeus Adedeji, Special Adviser to the President on Revenue, emphasised the importance of a sound fiscal policy environment and an effective taxation system for the functioning of the government and the economy.

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He said Nigeria ranks very low on the global ease of paying taxes while the country’s tax to gross domestic product (GDP) ratio “is one of the lowest in the world and well below the African average”.

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NYSC Pays Arrears After Two-month Break

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The National Youth Service Corps resumed payments for arrears on Wednesday, marking the first disbursement since the last payment on June 3, following a two-month break.

This payment relates to the new N77,000 monthly allowance recently approved by the Federal Government.

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Recall that on April 5th, the Director-General of NYSC, Brigadier General Olakunle Nafiu, assured that corps members who recently completed their service will receive the new N77,000 monthly allowance approved by the Federal Government.

Speaking during the Batch A 2025 Pre-Mobilisation Workshop in Abuja, Nafiu said, “Once funds are released to us to offset the arrears, we will pay them. Even our corps members who passed out recently will benefit. We have their bank details.”

READ ALSO:Release Corps Member’s Discharge Certificate, Falana Tells NYSC

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He emphasised the government’s commitment, adding, “Nigerians should not fret about that because the government is both responsible and responsive to their needs.”

This development was confirmed by PUNCH, by a previously serving corps member who chose to remain anonymous, who said, “After waiting for two months, I didn’t expect to see another payment alert. But honestly, it’s not just about the money; it’s about feeling like our efforts actually count.

The payment of arrears, covering the period from July 2024 to March 2025, follows widespread frustration over delayed implementation after the Federal Government approved the allowance increase as part of its commitment to easing economic hardship for Nigerian youth.

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FCTA Withdraws Park Licences, Directs Fresh Screening Of Operators

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The Federal Capital Territory Administration has withdrawn all park licences in Abuja, directing operators to resubmit their documents for a fresh screening exercise, with a possibility of reallocation.

The Director, Department of Development Control, Murktar Galadima, disclosed this in an interview with newsmen on Wednesday, while explaining the reasons for the demolition of Boulevard Park, Maitama, Abuja.

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The FCTA carried out the demolition of Boulevard Park in Maitama on Tuesday, over violations of park policies and distortion of the Abuja Master Plan.

Assistant Director, Department of Development Control, and Sector Head for Maitama and Wuse, Sherif Razak, explained during the exercise that the park, originally designated for recreational purposes, had been overbuilt and misused.

READ ALSO:FCTA Local Contractors Protest Non-payment Of N5.2bn Bills

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He said the park had been converted to worship centres, revival grounds, and restaurants, operating under unhygienic conditions.

Galadima explained that the decision to withdraw park licenses followed a memo jointly submitted by the Directors of Parks and Recreation and Lands to the Minister of the FCT, highlighting several inadequacies and violations associated with parks management in the FCT.

He said the new directive offers park operators the opportunity to resubmit their documents to the Department of Parks and Recreation for review.

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If they meet the terms and conditions, they can be reallocated. Owners of parks should respond to the call, submit their documents, and if they meet the requirements, they will return to their parks,” he said.

READ ALSO:FCT Police Arrest Three Wanted Kidnappers

The Director stressed that the decision was not taken to deliberately witch-hunt park operators, but is part of efforts to restore order and compliance with existing policies.

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There’s nothing like witch-hunting. All park allocations have been withdrawn following a series of violations, and the Minister is at liberty to do whatever he wants to do with land in the FCT, parks inclusive,” he stated.

On the recent demolition of Boulevard Park, Galadima clarified that operators were duly notified before enforcement, pointing out that the park had long violated its terms of allocation, operating in direct contravention of recreational policy.

READ ALSO:JUST IN: FCTA To Take Possession Of 4,794 Properties Revoked Over Non-payment Of Ground Rent

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Boulevard Park was allocated for recreational purposes, but the activities taking place there are a total violation of the park policy in terms of operation. Boulevard has violated all the terms and conditions,” he said.

He noted that monitoring park operations was the primary responsibility of the Department of Parks and Recreation, adding that parks were expected to submit concept designs for approval before operations commenced. However, lapses in monitoring had led to widespread abuse.

The FCT is a creation of law, and lawlessness will not be tolerated. The development of the city is guided by law, and every operator must comply with the terms and conditions of their allocation,” Galadima said.

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He stated that a ministerial committee had been set up to review all allocations and uses of parks, to ensure they were serving their original recreational purpose.

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Tinubu Names New VCs For Education Varsities In Zaria, Kano

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President Bola Tinubu on Wednesday named Prof. Yahaya Bunkure as the new Vice Chancellor of the Federal University of Education, Zaria, Kaduna State.

The President’s Special Adviser on Information and Strategy, Bayo Onanuga, disclosed this in a statement he signed on Wednesday titled ‘President Tinubu appoints Nakore, Kodage into governing council of Federal University of Education Kano, Bunkure, names VC Federal University of Education Zaria.’

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Bunkure is a renowned academic specialising in science education.

He is currently the Vice Chancellor of Saadatu Rimi University of Education in Kano.

READ ALSO:Ex-Tinubu Campaign Coordinator Resigns From APC

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Tinubu also appointed Abdurrazaq Nakore, an engineer, as Pro-Chancellor and Chairman of the Governing Council of Yusuf Maitama Sule Federal University of Education, Kano.

He named Prof. Abdullahi Kodage as Vice Chancellor of the university.

Nakore, a Fellow of the Nigerian Society of Engineers, was Executive Secretary of the Rural Electricity Board in Jigawa State.

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READ ALSO:Why I’d Choose Tinubu Over Obi – Adeyanju

The Federal University of Education, Zaria, and the Yusuf Maitama Sule Federal University of Education, Kano, were among the four Colleges of Education upgraded into full-fledged universities between 2022 and 2023.

In accordance with the institution’s governing laws, the pro-chancellor will serve a term of four years, while the Vice-Chancellors will serve for five years,” the statement added.

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