- Nigerians took to social media X to query Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, over his urgent push for Tinubu’s tax reform bills
- There was uproar on the X platform as Nigerians dug out Oyedele’s 2019 tweets criticising a 10% VAT increase which clashes with his current support for the tax bill
Contemplating an increase in VAT rate now is bad timing and inconsistent with current economic reality. VAT rate increase will lead to higher inflation, interest rate hike, more unemployment, and generally make people poorer, Oyedele tweeted.Nigerians react to Oyedeles 2019 tweets against VAT hike”Interestingly, the same person who, in the past, advised the government against increasing taxes due to the economic challenges of the time is now leading the push for higher taxes, claiming it will benefit the economy. The irony is clear: the economic situation today is worse.””Does that change now?””Why do you propose an increase then? What changed?””At that time, it was true. The dynamics and factors at play were not the same as what obtains today.””With a little financial motivation, most Nigerians will doublespeak. We know exactly what we are doing.”
- Tax reform bills will make Lagos rich? Presidency finally opens up
- Will entirely cripple the North: Nigerian gov Zulum rejects Tinubus tax reform bill, cites consequences
Highlights of tax reform bills
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Tinubu’s minister orders immediate reopening of Lagos bridge to ease trafficThe Minister of Works, Dave Umahi, has ordered the immediate reopening of the Independence Bridge in Lagos to ease severe traffic congestion Federal Controller of Works, Olukorede Kesha, confirmed that remedial measures are being implemented to restore vehicular movement The bridge was initially set for closure until May 2025 for repairs, but worsening gridlock prompted ...
Read more Continue reading here ▶ One major reasons Tinubu fired Kyari, NNPCL board emergesPresident Bola Tinubu dismissed Mele Kyari and other NNPCL board members due to concerns over their performance Tinubu has set ambitious targets for the new leadership, including increasing daily crude oil production to three million barrels by 2030 and boosting gas output to 10 billion cubic meters The reconstituted NNPCL board includes industry experts, with ...
Read more Continue reading here ▶ Farmer slumps on hearing false alarm, eventually dies, family makes requestA 54-year-old farmer, Jeremiah Onuminya, tragically collapsed and died in Usha, Agatu Local Government Area, following a false alarm about an impending attack Local authorities confirmed that exhaustion while fleeing was the cause of his death, urging residents to verify information to prevent panic The incident coincided with allegations of cattle poisoning in the area, ...
Read more Continue reading here ▶ Pregnant woman dies as hospital allegedly refuses treatment over N500k depositA pregnant woman, identified as Kemi, tragically lost her life after a private hospital allegedly refused her treatment due to her husband’s inability to deposit N500,000 for treatment Her husband, Akinbobola Folajimi, shared a heartbreaking video on social media capturing her final moments and detailing their ordeal As usual, Nigerians on social media reacted differently ...
Read more Continue reading here ▶ Food security: 5 FG's policies "yielding positive results" as Tinubu, Kyari get…The Good Governance Advocates of Nigeria (GGAN) has spoken on FG’s agricultural policies, hailing President Tinubu and agriculture minister Abubakar Kyari The group highlighted global collaborations and domestic initiatives, including fertilizer distribution and food aid, as crucial steps toward agricultural growth and food security GGAN also noted a significant drop in food pricesup to 70% ...
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