Nigeria’s VAT Revenue Hits Record N1.78 Trillion in Q3 2024

BusinessNewsNigeriaNigeria’s VAT Revenue Hits Record N1.78 Trillion in Q3 2024

By Ezinwanne Onwuka (Senior Reporter)December 9, 2024

Nigeria’s Value Added Tax (VAT) revenue for the third quarter of 2024 reached an all-time N1.78 trillion. This marks a 14.16 per cent growth compared to the N1.56 trillion collected in the previous quarter. This growth reflects the government’s efforts to expand its revenue sources beyond oil. A detailed breakdown of the Q3 2024 VAT figures shows that local payments contributed N922.87 billion, foreign VAT payments accounted for N448.85 billion, while import VAT added N410.62...

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Tinubu Government Fixes February 2025 for National Youth Conference

NewsNigeriaPoliticsTinubu Government Fixes February 2025 for National Youth Conference

By Ezinwanne Onwuka (Senior Reporter)December 8, 2024

The Federal Government has scheduled the planned national youth conference for February 2025. President Bola Tinubu, during his Independence Day broadcast, announced plans for a 30-day conference to address youth-focused issues, including unemployment, education, and political participation. “The conference aims to provoke meaningful dialogue and empower our young people to participate actively in nation-building. By ensuring that their voices are heard in shaping the policies that impact their lives, we are creating a pathway for...

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Amnesty Says Girls Abused by Boko Face Stigma, Military Neglect

NewsNigeriaAmnesty Says Girls Abused by Boko Face Stigma, Military Neglect

By Ezinwanne Onwuka (Senior Reporter)December 6, 2024

Amnesty International, AI, has accused the Nigerian military of committing gross human rights violations against survivors of Boko Haram captivity. At a press conference in Maiduguri on Thursday, the organisation’s Country Director, Isa Sanusi, alleged that at least 10,000 people have died in military custody since the insurgency began in North East Nigeria. Sanusi highlighted that survivors of Boko Haram’s atrocities, particularly women and girls, have endured further abuses under military custody. According to him,...

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Four Labour Party Lawmakers Defect to APC

NewsNigeriaPoliticsFour Labour Party Lawmakers Defect to APC

By Ezinwanne Onwuka (Senior Reporter)December 6, 2024

…LP Condemns Move Four members of the House of Representatives have officially defected from the Labour Party, LP, to the ruling All Progressives Congress, APC, sparking criticism from their former party. The defections were announced on Thursday during a plenary session presided over by Tajudeen Abbas, Speaker of the House. The lawmakers who switched allegiance are Chinedu Okere (Owerri Municipal/Owerri North/Owerri West Federal Constituency), Mathew Donatus (Kaura Federal Constituency, Kaduna), Akiba Bassey (Calabar Municipal/Odukpani Federal...

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Unprocessed Maize Exportation Now a Crime, Offenders Risk Jail Term

NewsNigeriaPoliticsUnprocessed Maize Exportation Now a Crime, Offenders Risk Jail Term

By Ezinwanne Onwuka (Senior Reporter)December 5, 2024

The Nigerian Senate on Wednesday passed a bill to prohibit the exportation of unprocessed maize in large quantities, introducing a minimum one-year jail term for violators. The bill, originally passed by the House of Representatives, aims to address the country’s food crisis by curbing the export of unprocessed maize and encouraging local value addition. Senate Leader Opeyemi Bamidele (APC, Ekiti Central), who presented the lead debate, stated that the legislation was designed to enhance food...

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Imo Security Forces Discover Shallow Graves, Dismantle Criminal Base in Aku

Crime & SecurityNewsNigeriaImo Security Forces Discover Shallow Graves, Dismantle Criminal Base in Aku

By Ezinwanne Onwuka (Senior Reporter)December 5, 2024

The Joint Security Task Force, JTF, in Imo State has uncovered several shallow graves in Aku Community, Okigwe Local Government Area, which were allegedly used by members of the Indigenous People of Biafra, IPOB, and their armed affiliate, the Eastern Security Network, ESN, to bury their victims. The graves were discovered during a clearance operation aimed at dismantling criminal activities in the area. The raid, led by Brigadier-General Usman Lawal of the 34 Artillery Brigade,...

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South Africa Targets Nigeria’s Lithium to Drive Electronic Vehicle Revolution

NewsNigeriaPoliticsSouth Africa Targets Nigeria’s Lithium to Drive Electronic Vehicle Revolution

By Ezinwanne Onwuka (Senior Reporter)December 4, 2024

…Backs Nigeria’s G20 Bid South Africa’s President Cyril Ramaphosa wants to work with Nigeria to harness its lithium reserves to power the electric vehicle, EV, revolution. Speaking at the Nigeria-South Africa Business Roundtable on Tuesday in Cape Town, Ramaphosa said Nigeria’s minerals could be a game-changer for green energy and EV battery production. “There is also much opportunity for cooperation on pharmaceuticals. Our two countries are strategically positioned to benefit from the rapid growth of...

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Nigerian Trailblazers Make BBC 100 Women List

NewsNigeriaPoliticsNigerian Trailblazers Make BBC 100 Women List

By Ezinwanne Onwuka (Senior Reporter)December 4, 2024

The British Broadcasting Corporation, BBC, has released its 2024 edition of the BBC 100 Women list, recognising Adenike Titilope Oladosu and Kauna Malgwi from Nigeria among the world’s most inspiring and influential women. Adenike Oladosu, founder of I Lead Climate Action, is a renowned climate advocate dedicated to empowering women and youth in sustainable farming practices, especially in areas affected by shrinking water resources. Kauna Malgwi, the chairperson of the Nigeria chapter of the Content...

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Police Arrest Human Rights Lawyer, Dele Farotimi, Over Defamation Petition

NewsNigeriaPoliticsPolice Arrest Human Rights Lawyer, Dele Farotimi, Over Defamation Petition

By Ezinwanne Onwuka (Senior Reporter)December 3, 2024

The Nigeria Police Force has arrested prominent human rights lawyer, Dele Farotimi, following a defamation petition allegedly filed by Tony Elumelu, Chairman of the United Bank for Africa, UBA, Group. The arrest was disclosed on Tuesday by Omoyele Sowore, a former presidential candidate of the African Action Congress, AAC, who announced the development on X. “I just learned that Dele Farotimi was arrested by the Nigerian Police over a petition by Tony Elumelu of UBA...

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Presidency Clarifies Tax Reform Bills, Dismisses Misleading Narratives

NewsNigeriaPoliticsPresidency Clarifies Tax Reform Bills, Dismisses Misleading Narratives

By Ezinwanne Onwuka (Senior Reporter)December 2, 2024

The Presidency has debunked claims that the proposed tax reform bills before the National Assembly recommend the scrapping of the National Agency for Science and Engineering Infrastructure, NASENI, Tertiary Education Trust Fund, TETFUND, and National Information Technology Development Agency, NITDA. In a statement issued by Bayo Onanuga, Special Adviser to the President on Information and Strategy, on Monday, the Presidency described such claims as deliberate misinformation aimed at misleading Nigerians. It also emphasised that no...

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