Tag: tinubu
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President Bola Tinubu has assured Nigerians that the new tax laws, taking effect in January 2026, will not increase burdens on existing taxpayers but will expand the tax base and provide relief for low-income earners. He noted that Nigeria’s tax-to-GDP ratio has already risen to 13.5% from below 10% and is expected to grow further…
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President Bola Tinubu has reaffirmed Nigeria’s readiness to partner with credible global investors, particularly in oil, gas, and infrastructure, to drive sustainable growth. In a post on X, Tinubu revealed he met in Lagos with top Nigerian investors Hakeem Belo-Osagie (Metis Capital) and Bayo Ogunlesi (Global Infrastructure Partners & BlackRock). Discussions focused on unlocking…
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House of Representatives Speaker Tajudeen Abbas has declared full support for President Bola Tinubu’s borrowing strategy, describing it as vital for economic growth, infrastructure development, and poverty reduction. Speaking at the 8th Annual African Network of Parliamentary Budget Office Conference in Abuja, Abbas dismissed reports claiming the House opposed Tinubu’s plans, calling them misleading.…
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FCT Minister Nyesom Wike has praised President Bola Tinubu for lifting the state of emergency imposed on Rivers State in March 2025, calling it a restoration of democratic governance. Tinubu had suspended Governor Siminalayi Fubara and his deputy under emergency powers, appointing a sole administrator, but announced the suspension on Wednesday, citing improved understanding in…
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President Bola Tinubu will return to Abuja on September 16, 2025, to resume official duties, cutting short his vacation in France and the UK, which began on September 4. During his Paris visit, he met with French President Emmanuel Macron to discuss bilateral cooperation. This marks his seventh trip to Paris since May 2023.…
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President Bola Tinubu has directed a Federal Executive Council committee to urgently implement measures to lower food prices nationwide. According to the Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, the initiative focuses on ensuring safe and efficient transport of farm produce to reduce logistics costs. This move aligns with Tinubu’s…
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President Bola has reaffirmed Nigeria’s commitment to enhancing international partnerships, particularly with Colombia, during a meeting with Colombian Vice President Francia Márquez in Abuja. Tinubu emphasized aligning Nigeria’s foreign relations with global trends in trade, politics, and culture, noting that global economic volatility necessitates new partnerships. He promised to replicate agreements signed with Brazil on…
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President Bola Tinubu has directed a review of deductions and revenue retention by major Nigerian agencies like Federal Inland Revenue Service (FIRS)Nigeria custom service (NCS) Nigerian upstream regulatory commission ( NUPRC) , Nigerian Maritime Administration and Safety Agency NIMASA, and Nigerian National Petroleum Corporation NNPC to boost public savings and spending efficiency. The directive,…
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Federal Government aims to resuscitate all inactive steel companies to boost industrial growth, create over 500,000 jobs, and reduce the \$4.5 billion annual steel import bill. At the National Steel Stakeholders’ Summit, President Bola Tinubu, represented by VP Kashim Shettima, outlined plans including: Reviving Ajaokuta Steel and Itakpe Iron Ore plants through audits and potential…
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President Bola Tinubu will today be traveling to Japan and Brazil, with a stopover in Dubai In Japan, he will attend the Ninth Tokyo International Conference on African Development (TICAD9) in Yokohama from August 20-22, focusing on Africa’s economic transformation, business environment, and sustainability. He will also hold bilateral meetings and engage with Japanese company…
