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Reps Hold Closed-door Session to Discuss Tinubu’s Tax Reform Bills

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The House of Representatives has entered into a closed-door session to deliberate on the Tax Reform Bills proposed by President Bola Tinubu.

The ongoing meeting is designed to foster a consensus among lawmakers as they prepare for the upcoming debate on the bills. The session is crucial in addressing any concerns or opposition that may arise during the discussion of the proposed reforms.

A lawmaker from the All Progressives Congress (APC) revealed that the closed-door session is intended to ease tensions and encourage support for the bills ahead of the formal debate. While not all lawmakers are fully convinced about the content of the bills, there is a general recognition that the government’s intent is to improve the nation’s economy. The aim of the session is to garner enough backing for the tax reforms, which are viewed as pivotal to strengthening Nigeria’s fiscal policies.

The Tax Reform Bills, transmitted to the National Assembly on September 3, 2024, are part of the government’s ongoing effort to overhaul the country’s tax system. These proposed reforms are based on the recommendations of the Taiwo Oyedele-led tax reforms committee and are designed to modernize and simplify Nigeria’s tax structure.

The four key bills under discussion include the Nigeria Tax Bill 2024, which sets the fiscal framework for taxation in the country. This bill outlines the broader principles and rules governing tax collection and administration. Another crucial bill is the Tax Administration Bill, which aims to streamline the legal framework for tax collection, reduce disputes, and ensure greater efficiency in tax administration.

Additionally, the Nigeria Revenue Service Establishment Bill seeks to repeal the existing Federal Inland Revenue Service (FIRS) Act and replace it with the Nigeria Revenue Service, a new body that would take on a more comprehensive role in managing the country’s revenue collection. The Joint Revenue Board Establishment Bill is also part of the package, and it proposes the creation of a tax tribunal and a tax ombudsman, both of which would provide greater accountability and resolve tax-related disputes.

These bills are considered critical for improving Nigeria’s tax system, increasing revenue generation, and ensuring a more transparent and efficient approach to taxation. However, lawmakers’ deliberations are expected to focus on the finer details of the proposed changes, with the aim of ensuring that the reforms align with the best interests of the economy and the welfare of Nigerian citizens. The outcome of these discussions will shape the direction of the country’s tax policies for years to come.

 

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JUST IN: Governor Hope Uzodinma gives commercial drivers in Imo state, 72-hour deadline to remove tinted windows from cars or face strict consequences.

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Governor Hope Uzodinma
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The Imo State Governor, Hope Uzodinma, has issued a 72-hour ultimatum to commercial drivers operating in the state with tinted vehicles to remove them within the stipulated time or face the full weight of the law.

The order was made known in a press release from the office of the Chief Press Secretary and Special Adviser to the Governor on Media, Oguwike Nwachukwu, and made available to journalists.

Nwachukwu, in the press statement, informed that the governor has directed law enforcement agencies to assist government officials in clamping down on any commercial vehicle driver operating with tinted glasses once the 72-hour deadline elapses.

He stated that the order to clamp down on all tinted vehicles used for commercial activities became necessary following a series of reports concerning the use of such vehicles—mainly buses—to perpetrate criminal activities around the state.

“Consequently, all bus drivers operating in the state with such vehicles have been given 72 hours within which to remove their tinted glasses or face full weight of the law.

“Of late, intelligent reports revealed that most of the commercial vehicles, particularly the commercial buses with tinted glasses, were deployed for criminal activities, such as kidnapping, armed robbery, hit-and-run, among others, within the state,” the press release stated.

The Chief Press Secretary to the Governor added that security agencies have been advised to collaborate with certain government officials to ensure that the new directive is carried out to the letter in order to check the rise in criminal activities allegedly caused by the use of commercial buses with tinted glasses.

He further informed that defaulters caught after the 72-hour ultimatum will be brought to book to serve as a deterrent to others who may fail to comply with the new order.

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Hon. Oluwole Oke Resigns from PDP After 24 Years in House of Representatives

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Hon. Oluwole Oke, a veteran member of the House of Representatives, has announced his resignation from the Peoples Democratic Party (PDP). Oke, who has represented the Obokun/Oriade Federal Constituency of Osun State for six consecutive terms, made his decision public following internal party dynamics that reportedly barred him from seeking re-election.

Oke, one of the longest-serving lawmakers in the House, has spent 24 years as a federal legislator. According to sources close to the lawmaker, his exit was triggered by pressure within the party urging him to step aside for new leadership.

In his statement, Hon. Oke expressed gratitude to his constituents and supporters for their unwavering loyalty over the decades, while hinting at continued involvement in public service, though not necessarily under the PDP banner.

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UPDATED: Oborevwori, Okowa, others dump PDP for APC

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Delta State Governor, Sheriff Oborevwori, the immediate past governor, Ifeanyi Okowa
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Delta State Governor, Sheriff Oborevwori, the immediate past governor, Ifeanyi Okowa, and all members of the Peoples Democratic Party in Delta State have defected to the All Progressives Congress.

The announcement was made on Wednesday in Asaba, the Delta State capital, by Senator James Manager, shortly after a meeting that lasted over six hours at Government House, Asaba.

Manager stated, “All PDP members in the state, including the governor, former Governor Okowa, the Speaker, the state party chairman, all the local government chairmen and others, have agreed to move to the APC.

“We cannot continue to be in a sinking boat,” he said.

The Delta State Commissioner for Information, Mr Aniagwu Charles, officially confirmed the governor’s defection and the collective decision of Delta PDP leaders and stakeholders to join the APC.

There is a need for us to adjust our drinking patterns. And in adjusting that drinking pattern, we needed to make a decision that would further help to cement the development in our state, to build the court of law that has existed in our state, to further advance the cause of security and the welfare of our people, and, to a large extent, ensure that development in Delta is not truncated,” Aniagwu stated.

He continued, “In taking that decision, we concluded that leaving the PDP was very necessary for us to be able to collaborate and build a state that every Deltan will be proud of. We believe that what is happening, and the state of the PDP, is akin to that palm wine whose taste has changed — and there was a need for us to change the drinking party.”

Charles added that the decision was unanimously made by party leaders and stakeholders, hinting at a formal public declaration soon.

“By the grace of God, on Monday next week, we will be able to make a very big statement confirming that we are moving into the APC,” he said.

The move marks a significant turning point in Delta State politics, signalling a broader political recalibration that could reshape party dominance in the South-South region.

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