The Southern Caucus in the House of Representatives has declared its support for President Bola Tinubu’s tax reform bills, describing them as essential for overhauling Nigeria’s tax system. After a meeting on Tuesday at the residence of Deputy Speaker Benjamin Kalu in Abuja, the caucus reiterated its commitment to facilitating the passage of the bills … Read more
The Federation Account has recorded a 45% increase in revenue since President Bola Ahmed Tinubu assumed office, attributed to his administration’s bold reforms and policies. Dr. Mohammed Bello Shehu, Chairman of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), made this announcement during a press briefing in Abuja. EDITOR’S PICKS PDP Declares Ethiope East Federal … Read more
Some federal lawmakers have refuted claims that governors are threatening to deny them re-election tickets in 2027 over their support for President Bola Tinubu’s tax reform bills. This denial follows reports by Deputy Spokesman of the House of Representatives, Philip Agbese, who alleged that certain governors were pressuring lawmakers to withdraw their backing for the … Read more
Deputy spokesman of the House of Representatives, Mr. Philip Agbese, has alleged that some governors are coercing federal lawmakers to withdraw their support for President Bola Tinubu’s Tax Reform Bills. According to Agbese, these governors have threatened to deny lawmakers return tickets for the 2027 elections if they back the proposed legislation. EDITOR’S PICKS Trump … Read more
The federal government is planning to raise the Value Added Tax (VAT) from 7.5 percent to 10 percent. EKO HOT BLOG reports that an executive bill to formalize the increase has already been submitted to the National Assembly. According to a Sunday report by The Cable, the proposed legislation seeks to gradually raise the VAT … Read more
Federal Government seeks World Bank loan approval for $2.25bn Funding Funds earmarked for two major development projects. Loans aimed at enhancing economic stability, resource mobilization, and fiscal reforms in Nigeria. EKO HOT BLOG reports that the Federal Government is gearing up to secure new loan funding from the World Bank, with approval anticipated for loans … Read more