Author: Friday Omosola

Nigeria could have attained a $1 trillion economy if the nation had embraced its current fiscal and tax reform agenda a decade earlier, according to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. Speaking yesterday at PwC’s ‘Executive Summit on Nigeria’s Tax Reform’ in Lagos, Oyedele stressed that past economic mismanagement, particularly concerning exchange rates, had severely hampered the country’s progress. Oyedele contended that without the bold reforms initiated by President Bola Tinubu’s administration in the past two years, Nigeria was on a perilous trajectory towards economic collapse, resembling nations like Zimbabwe and Venezuela. READ ALSO: Tax…

The Federal Government (FG) is fast-tracking the implementation of the National Single Window (NSW), a key initiative under President Bola Tinubu’s administration, to enhance transparency, curb revenue leaks, and streamline trade processes. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, confirmed this commitment yesterday during his appearance before the National Assembly Joint Committee on Customs and Tariffs. He emphasised the government’s resolve to digitise trade operations, increase customs revenue, and formalise informal economic transactions. READ ALSO: FG health personnel to apply knowledge into service “We will soon implement one of His Excellency, Mr President’s legacy projects, the…

Vice President Kashim Shettima has issued a warning about the severe economic consequences of deforestation in Nigeria. He revealed that over 90% of the nation’s original forest cover has been depleted, with an alarming annual loss of more than 400,000 hectares. “This is not just an environmental crisis; it is an economic emergency,” Shettima declared on Monday while inaugurating the Nigeria Forest Economy Summit 2025 in Abuja. The summit, themed “Sustainability of Nigeria’s Forests: Unlocking the $2 billion potentials for economic and financial inclusion,” was organised by the Presidential Committee on Economic and Financial Inclusion (PreCEFI) Secretariat. READ ALSO: I was…

The Lagos State Government has reaffirmed its commitment to upgrading and constructing resilient drainage infrastructure to combat flash flooding across the state. Commissioner for the Environment and Water Resources, Tokunbo Wahab, gave the assurance during an inspection tour of ongoing drainage and urban regeneration projects. The tour included key flood-prone areas such as Onikoyi on Banana Island, Femi Pedro Avenue in Parkview Estate, and parts of Lagos Island. READ ALSO: Sanwo-Olu renews demand for special status for Lagos at constitution review hearing Wahab explained that once the Lagos Island regeneration project is completed, it will significantly address persistent flooding in the…

The Federal High Court in Maitama, Abuja on Monday once again denied former Kogi State Governor Yahaya Bello permission to retrieve his passport for a medical trip to the United Kingdom. Justice Emeka Nwite rejected Bello’s application, citing insufficient evidence to justify overseas treatment for his reported ailments. Bello is currently facing a 19-count money laundering charge, alongside his nephew Ali Bello, Dauda Suleiman, and Abdulsalam Hudu. READ ALSO: We do not have your passport – Court to Yahaya Bello The charges, brought by the Economic and Financial Crimes Commission (EFCC), involve an alleged sum of N80,246,470,088.88. Justice Nwite’s ruling highlighted…

Inspector-General of Police (IGP) Kayode Egbetokun has instructed police commissioners nationwide, including the Federal Capital Territory (FCT), to ensure comprehensive security arrangements for a planned peaceful demonstration by retired police personnel. Force Public Relations Officer, Olumuyiwa Adejobi, confirmed the directive in a statement, also cautioning against the dissemination of misleading information surrounding Monday’s nationwide protest. “The IGP has ordered that the rights of our retired officers who have chosen to protest must be protected, and the protest should serve as a model of dignified expression of grievance,” Adejobi said. READ ALSO: IGP visits Benue, orders tactical team to end massacre He…

Governor Monday Okpebholo of Edo State has clarified his recent statement urging Peter Obi not to enter the state without prior clearance. The governor, in a statement by his Chief Press Secretary, Fred Itua, on Sunday, said his remarks were a directive on protocol and not a threat. He emphasised the need for high-profile individuals to adhere to security procedures. READ ALSO: “Deaths followed your visit” – Okpebholo tells Obi to stay away from Edo without clearance Okpebholo had, at a rally in Uromi on Friday, advised Obi against visiting the state without first obtaining clearance from the state government. This…

President Bola Tinubu arrived in Ogun State on Sunday to pay his respects and participate in the eighth-day Fidau prayer for the late Awujale of Ijebuland, Oba Sikiru Kayode Adetona. The President, accompanied by First Lady Oluremi Tinubu, landed at the Gateway International Agro/Cargo Airport in Ilishan-Iperu at 12:45 PM. Upon their arrival, Tinubu and his wife were greeted by a delegation of prominent figures. READ ALSO: SERAP sues Tinubu govt at ECOWAS Court over undisclosed NDDC audit report Among those present were Ogun State Governor Dapo Abiodun and his wife, former Ogun State Governor Olusegun Osoba, Chairman of the Governors’ Forum…

Governor Babajide Sanwo-Olu of Lagos State has renewed his call for Lagos to be granted special status in the Nigerian Constitution. He argued that the demand is long overdue given the state’s historical and strategic importance. He spoke through his deputy, Obafemi Hamzat, at the South-West Centre A Public Hearing on the Review of the 1999 Constitution held at Watercress Hotel in Ikeja. READ ALSO:Sanwo-Olu calls for stakeholder collaboration to advance water transportation in Nigeria  Sanwo-Olu stressed that Lagos bears a disproportionate share of the nation’s burdens, having served as Nigeria’s former capital and remaining its economic and population hub.…

The Socio-Economic Rights and Accountability Project (SERAP), alongside four concerned Nigerian citizens, has initiated legal action against President Bola Tinubu’s administration at the ECOWAS Community Court of Justice. The lawsuit challenges the government’s failure to make public the forensic audit report of the Niger Delta Development Commission (NDDC), which allegedly details the disappearance of N6 trillion from the commission between 2001 and 2019. The forensic audit was commissioned in 2019 by the late former President Muhammadu Buhari, following widespread allegations of extensive corruption within the NDDC. READ ALSO: SERAP sues Tinubu govt at ECOWAS Court over undisclosed NDDC audit report The…