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Why I Accepted To Serve in Tinubu’s Cabinet — AGF Lateef Fagbemi

Published

2 years ago

September 24, 2023

Editor

The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi has revealed why he accepted to serve in the cabinet of President Bola Tinubu.

According to the legal luminary, he accepted to serve in the administration of President Tinubu in order to contribute his quota to the progress and development of the country.

The Senior Advocate of Nigeria who said he was surprised by his nomination as a minister because he did not lobby for it, added that the time had come for the professionals and technocrats in the country not to leave the business of governance alone to the politicians but join the fray to make a change

Fagbemi spoke in Ado-Ekiti, the Ekiti state capital at the weekend when he was hosted to a reception by members of the Emmanuel Chambers led by the leader and founder of the Afe Babalola University, Aare Afe Babalola, SAN.

The event was attended by top lawyers in the country including Chief Akin Olujimi, SAN ; Chief Niyi Akintola,SAN ; Adebayo Adenipekun,SAN and the national secretary of the All Progressives Congress, Senator Ajibola Bashiru.

The minister, who was the second lawyer from the chambers to be made Attorney General of the Federation after Chief Akin Olujimi, explained that he was already collating views and ideas of stakeholders towards having a blueprint for the nation’s justice system in line with the agenda of the president for the country.

While commending his colleagues and friends for organizing the reception, he stated that the contributions of Afe Babalola to his success and achievement in the legal profession were immeasurable and unmatched, promising not to disappoint the chambers in his new role.

According to him, “I did not submit any application nor lobby to be made the minister. I know a lot of people have been insinuating and I can say that I don’t know anything about the ministerial nomination. The president told me that, ‘ don’t allow anyone to deceive you, I want you that is why I appointed you. In fact, I did not have a CV as of the time I was nominated because I have never needed it in my life and when I got to the DSS , they were surprised I didn’t have a prepared CV.

“I have accepted this responsibility and all I need is your advice. We cannot all be saying the way they(Politicians) have been doing it we don’t like it , then you leave them. I am not a politician but we should be there to make a change in our country.

“Getting to a position is not the issue but maintaining the status of such a position is the issue and that is why I said it is a challenge because I know hopes are high. As I mentioned earlier, you don’t just come out and say this is what I will do, you must also follow up with how you will do it. And that is why all the critical stakeholders are being engaged to have their inputs, harmonize their views, then come out with what I will call a blueprint, in line with the Mr President’s Renewed hope agenda.”

On the call for a transformation of the country by speakers at the event, Fagbemi emphasized the need for the three tiers of government to collaborate and bring ideas together for the effective growth and development of the nation.

“The issue of transformation of the country is not a one man business. People make the mistake of thinking that it belongs to the federal government alone, that is not correct. The correct position is to appreciate the fact that Nigeria is a federation and when you talk about a federation, each segment has to man its post.

“In order to have any meaningful impact, progress and development, you need to engage each of these tiers of government to be on the same page and sing from the same hymn so that we can all present what I will call comprehensive development or progress in the nation,” he said.

Speaking, the ABUAD founder, Afe Babalola eulogized the achievements of Fagbemi in the legal profession since he joined his Emmanuel chambers in 1985 as corps member and conferred with the rank of SAN at the age of 37.

He called on the new Attorney general to use his office to engineer the needed change in the political system in the country with a new constitution , which he said would help the nation survive its current challenges across major sectors.

The renowned lawyer said, “I know Lateef Fagbemi, he is an uncommon man doing uncommon things and achieving uncommon results. He is a pride to the chambers because he had learnt how to turn things around.

“ While the government may be studying the situation, the truth is that Nigerians are becoming more and more impatient. The age long adage is that we should not treat leprosy with the drugs meant for scabies. I repeat that what we need is a New Constitution.

“I believe that with his experience , Lateef Fagbemi can turn things around and build a new Nigeria through a new constitution under which politics shall no longer be regarded as a transactional business.”

On his part, the Ekiti state governor, Biodun Oyebanji who hailed Babalola for the achievements recorded by his chambers in the legal profession by producing two Attorneys General, urged the minister to remain committed in upholding the principle of justice, fairness and the rule of law in the country.
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News

BREAKING: Renowned Businessman, Aminu Dantata, Is Dead

Published

3 hours ago

June 28, 2025

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.

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

12 hours ago

June 27, 2025

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.

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.

News

Things To Know About Nigeria’s New Tax Laws

Published

13 hours ago

June 27, 2025

Editor

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.

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.

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:

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

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)