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Withdrawal of Tax Reform Bills: A Strategic Move by the Tinubu Administration.
The Bola Ahmed Tinubu administration is taking a significant step by preparing to withdraw the recently presented Tax Reform Bills from the National Assembly. This decision, occurring just two months after their introduction, arises from substantial opposition from northern governors and traditional rulers, especially regarding the proposed changes to the Value Added Tax (VAT) distribution model.
Reports indicate that the presidency has consented to this withdrawal, with plans to revise the legislation and reintroduce it to the National Assembly at a later date. This initiative aligns with the recommendations of the National Economic Council (NEC), chaired by Vice President Kashim Shettima, which formally endorsed the withdrawal on October 31. The NEC’s sentiments reflect concerns shared by governors from Nigeria’s 19 northern states during a recent gathering in Kaduna, where they voiced the potential adverse effects of the proposed tax amendments on their region’s economy.
Central to the opposition from northern leaders is the proposed adjustment to the VAT distribution framework. Governor Inuwa Yahaya of Gombe State, who heads the Northern Governors’ Forum, has articulated that the current VAT model disproportionately favors states where corporations are established, rather than reflecting the consumption patterns of goods and services. This perceived inequity raises alarms over the economic impact on the northern states, prompting calls for reforms that prioritize fairness and inclusivity.
During a media session, Oyo State Governor Seyi Makinde, along with fellow governors, emphasized the need for comprehensive consultations to foster a clearer understanding among stakeholders regarding the tax reforms. Governor Babagana Zulum highlighted the necessity of a united approach to tax issues, asserting that all citizens should be informed of the administration’s objectives.
In response to the backlash, Bayo Onanuga, the Special Adviser to the President on Information and Strategy, sought to clarify misconceptions surrounding the proposed reforms. He contended that the intended VAT model aims to create a more equitable distribution system, prioritizing consumption locations over corporate headquarters. This adjustment, he argued, would benefit all regions, particularly the North, which contributes significantly to the national supply chain.
As the Tinubu administration navigates these complexities, the emphasis on inclusivity and regional equity will be crucial in restoring confidence among all stakeholders involved in the nation’s tax policy. The forthcoming revisions will need to address these vital concerns to ensure a balanced and effective tax reform framework that serves all Nigerians equitably.
Ukrainian President Volodymyr Zelensky has publicly stated that hundreds of Chinese nationals are actively fighting alongside Russian forces in Ukraine. Speaking to allied military chiefs in Brussels on Friday, Zelensky accused Moscow of attempting to prolong the conflict by utilizing Chinese personnel.
This accusation follows earlier statements from Ukraine asserting the capture of two Chinese nationals fighting for Russia in the Donetsk region. While Russia has denied these claims, China has cautioned against making “irresponsible remarks” regarding the situation.
These developments further complicate the already protracted conflict, now entering its third year. The allegation of Chinese involvement introduces a new dimension to the geopolitical landscape and raises questions about the extent of international participation in the ongoing hostilities. The war has resulted in significant casualties on both sides, and ongoing efforts by the US and European nations aim to facilitate a peaceful resolution.
The White House indicated Friday that President Trump remains optimistic regarding a potential trade agreement with China, despite escalating trade hostilities between the two nations.
White House Press Secretary Karoline Leavitt stated, “The president has made it very clear he’s open to a deal with China,” during a press briefing. This statement comes as recent tariff escalations from both sides have unsettled global markets.
While acknowledging the administration’s commitment to addressing trade imbalances with China, Leavitt cautioned against retaliatory measures. Recent weeks have seen significant tariff increases, including a 125% tariff on Chinese goods, a 20% “fentanyl tariff,” and retaliatory measures from China raising tariffs on US imports to 125%.
The administration maintains that taking action on trade with China has bipartisan support and remains a key priority. Despite the current tensions, the White House maintains a position of openness towards a negotiated resolution.
Nigerian Afrobeats artist, Skales, recently sparked debate with his comments regarding crime rates in Nigeria and the United Kingdom. In an interview on “Just Vibes,” Skales posited that the perceived lower crime rate in Nigeria is attributable to the fear of extrajudicial punishment. He stated that potential criminals in Nigeria are deterred by the possibility of severe, unsanctioned retribution, a consequence he believes criminals in the UK are less likely to face.
While acknowledging the deterrent effect, Skales explicitly stated he does not support or encourage “jungle justice” due to its inherently extrajudicial nature.
Furthermore, Skales touched upon the definition of Afrobeats, suggesting it functions more as an umbrella term encompassing diverse musical styles rather than a rigidly defined genre. This assertion echoes ongoing discussions within the music industry regarding the boundaries and evolution of the Afrobeats sound.
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Skales claims Nigeria has a lower crime rate than the UK because of jungle justice.
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