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Chairman/CEO of Nigerian Diaspora Commission (NiDCom), Hon. Anime Dabiri-Erewa on Monday described Nigerians in Diaspora as catalyst for holistic growth for the country beyond the $21 billion remittance.

Hon. Dabiri-Erewa who stated this in Abuja during the first Nigerian Stakeholders Engagement on Diaspora Governance (NiDSEDiG 2025) and launch of NiDRes Application/website, organised by House Committee on Diaspora, chaired by Hon. Tochukwu Okere, unveiled plans to review the country’s diaspora policy in 2026.

She explained that the stakeholders engagement provides the platform for regular conversations between the Legislature and Executive arms of government to deepen diaspora engagement.

‘What we do is still try our only way to communicate but with this app being put together by the House which they will give us to run it will be easier to deal with issues. You know every state now has a diaspora focal person. Some States now have at the Local Government level so maybe an issue is going to a local government level we take it there directly. So we thank the House Committee Chairman and members for putting this together and the idea is that the diaspora can no longer be ignored.

‘So we want to ensure that the diaspora beyond remittances are a catalyst for holistic growth in Nigeria. So this is part of why we’re doing that and we’re talking about 17 million people.

‘We have opened a data portal which will make diaspora voting easier. A data portal register on the portal we know where you are, what you’re doing. A diaspora is somebody who is legally resident in any country, you pay your tax, you have an address. so even that will be defined.

‘So we look up to the National Assembly to work on the diaspora voting and it’s in the hands of the National Assembly who will consider the pros and cons and take a decision but in the meantime let’s engage the diaspora; let’s continue to ensure that they are part of the programs and progress of Nigeria because other countries have done it Nigeria is not an exception,’ she noted.

Honestly. Dabiri-Erewa who expressed excitement over the outcomes of various engagements with Nigerians in Diaspora, harped on the need to put the issue of diaspora on the front burner, saying: ‘as we have this conversation, let’s take it very, very seriously, because the diaspora cannot be ignored. I just returned this morning from two very important engagements in the UK. All our Doctors in the UK gathered together to talk about how they will give back to Nigeria for next year, they’re all going to be here to do various things. ‘Why can’t our Doctors build medical centers of excellence in the country if they are the best in the world? Also, another function of agritourism by Nigerians saying we want to come and invest. They were looking at the area of agritourism. So there’s so much we can do with our diaspora. We are the best in the world, wherever we go as Nigerians. We have to celebrate that, we have to make use of that, and we have to deepen that, and we have to encourage policies that will make that happen.’

Speaking earlier, Chairman, House Committee on Diaspora, Hon. Tochukwu Okere explained that the initiative was aimed at ‘bringing together policies, institutions, and technology to create a unified approach to diaspora governance. And here is what we hope to achieve. Aligning laws, government actions, and state-level efforts for better coordination on diaspora matters. Easier access to consular help, emergency aid, and welfare services for Nigeria’s living abroad. Using reliable, privacy-protected data to guide planning and protection and programs.

‘Stronger ways to attract investment, share skills, foster innovation, and connect small businesses. Improved rules for managing migration, fighting trafficking, and providing legal safeguards. Reliable ways for government to manage migration, fighting trafficking, and supporting local governments, diaspora groups, and partners to communicate and collaborate.

‘Secondly, to launch the Nigerians in Diaspora Response App web, named NiDRes. NiDRes is our new tool to make it simpler for the government to connect and support. NiDRes is our new tool to make it simpler for the government to connect and support. NiDRes is our new tool to make it simpler for the government to connect and support.’

He explained that the initiative was borne out of our several visits and townhall meetings held with several parts of other countries, from the U.S. to the China, to the Europe, to Asia.

‘Secondly, we’re also launching a very robust mobile app that will help us in communication especially, because we know that most people have a lot of inquiries, they have a lot of reports, suggestions, ideas they want to make, but the channel has been a major problem.’

While noting that the mobile application is 98% ready, Hon. Okere assured that Nigerians in Diaspora can access the platform after the launch, adding that: ‘It’s going to be highly sustainable. We’ve been on this thing for the past three or four months, and we’re sure it’s ready to take off. We’ve done a lot of testing, and we’re sure that it’s going to address a lot of issues that we have.’

He however noted that: ‘Voting will not be done through the app, you understand. The app is to solve our communication issues, you understand.

‘Diaspora voting is something that we’re working on. We’re on the first stage now, and very soon we’re going to address the public hearing. It’s on the constitutional review stage. We’ve done the First Reading, we’ve done the Second Reading, and I’m sure in the next few days we’ll be doing the public hearing on this diaspora voting. And that’s almost the end of the stages. From there we’ll now go to the Presidency. We are very convinced that at the rate we are going, by before the end of the first quarter of 2026, we should have it out with the support of those in diaspora.’

While delivering his keynote address, Speaker Abbas Tajudeen represented by Hon. Patrick Umoh explained that the 10th House of Representatives considers Diaspora engagement as a national priority, one that must translate into structured policies that strengthen our democracy and national unity.

‘The 10th House of Representatives maintains a strong and cooperative relationship with the Executive, guided by a shared commitment to advancing policies and initiatives that strengthen Diaspora engagement and enhance the welfare of Nigerians abroad. The House of Representatives recognises the vital and irreplaceable role Nigerians abroad play in building the nation’s image and sustaining its economy.

‘Their extensive knowledge, professional experience, and global networks have continued to project Nigeria as a country of excellence, creativity, and enterprise. Beyond remittances, their involvement in innovation, trade, diplomacy, and humanitarian causes has reinforced the country’s reputation as a contributor to global development.

‘Their hard work and achievements remain powerful reminders that wherever a Nigerian succeeds, the image of the nation grows stronger. The 10th House of Representatives remains committed to promoting a stronger, well-coordinated, and more structured relationship with the Nigerian Diaspora community.

‘These Citizens have demonstrated extraordinary commitment to national development through their remittances, philanthropy, and knowledge transfer. Their contributions in education, health, technology, and entrepreneurship have become integral to Nigeria’s economic and social advancement. The House therefore views diaspora engagement not as a ceremonial connection, but as a vital element of inclusion, proper governance, and sustainable growth for the country’s future.

‘Legislative efforts are currently being reinforced to simplify consular immigration and documentation procedures to ensure that Nigerians living overseas have easier and faster access to the support and services they require from government missions. This includes improvements in passport processing from government missions, emergency consular responses, and digital access to official services.

‘The House seeks to remove bureaucratic bottlenecks that often frustrate Nigerians abroad, replacing them with systems that reflect transparency, efficiency, and responsiveness in line with modern public service standards,’ he assured.

When 36-year-old Ngozi Eze, a small fashion entrepreneur in Aba, clicked ‘submit’ on her online tax filing in June 2025, she felt a mixture of disbelief and relief. For the first time in years, she didn’t have to shuttle between the local revenue office, the Federal Inland Revenue Service (FIRS), and the State Board of Internal Revenue-each demanding the same levies in different forms.

‘They said this new tax portal will end double taxation,’ she said, smiling as her phone beeped with an automated acknowledgment. ‘I prayed it was not one of those government promises. But it worked. Maybe something has truly changed.’

Her quiet victory captures the spirit of Nigeria’s sweeping new tax reform-an ambitious policy overhaul aimed at simplifying the country’s tangled fiscal system, boosting non-oil revenue, and restoring public trust.

Dubbed by analysts as ‘a stone that kills several birds,’ the reform-spearheaded by the Presidential Committee on Fiscal Policy and Tax Reforms led by Taiwo Oyedele-is arguably Nigeria’s boldest economic restructuring since the return of democracy in 1999. Yet, beyond figures and policy papers, it represents a deeper struggle with fairness, governance, and the quest for national renewal.

The old versus the new order

For decades, Nigeria’s tax system resembled a labyrinth-complex, fragmented, and frustrating. More than 60 different taxes and levies existed across federal, state, and local governments, yet fewer than 10 per cent of registered businesses paid regularly. To many citizens, taxation felt less like civic duty and more like extortion.

Meanwhile, oil-the country’s fiscal lifeblood-was drying up. Between 2012 and 2022, Nigeria’s tax-to-GDP ratio averaged just 6 per cent, far below the African average of 18 per cent. As oil prices plunged and debt servicing swallowed most federal revenue, reform became not just necessary but inevitable.

‘The old system was collapsing under its own weight,’ said Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprise (CPPE). ‘Multiple taxation, poor coordination among tiers of government, and corruption were killing businesses. We needed a new architecture that promotes compliance, not punishment.’

That architecture began to emerge in August 2023, when President Bola Ahmed Tinubu inaugurated the fiscal reform committee, appointing Taiwo Oyedele, former PwC Africa Fiscal Policy Leader, to design a fairer, more transparent framework within a year.

The new Nigeria Revenue Service stands as a symbol of unity and efficiency. It replaces the old Federal Inland Revenue Service and consolidates all tax collections under one roof, including federal, state, and local taxes. This single agency approach makes compliance simpler for taxpayers and strengthens our tax system.

The introduction of the 4 per cent National Development Levy replaces many smaller levies, making payments clearer and easier. Plus, businesses can now claim VAT credits on capital equipment, lowering the cost of setting up and expanding in Nigeria by nearly 8 per cent. This enhancement puts Nigeria in a stronger position to attract both local and international investors.

Blueprint for a fairer, smarter system

By mid-2025, the committee unveiled a comprehensive reform blueprint touching nearly every aspect of Nigeria’s revenue system-from personal income tax and VAT to intergovernmental coordination and digital transparency.

At its core were three guiding principles: Simplify the tax structure – cutting over 60 taxes down to fewer than 10 by harmonising levies and eliminating duplication; leverage technology – introducing a Unified Tax Administration Portal and Digital Invoicing (e-Invoicing) to plug leakages and Promote fairness and equity – protecting low-income earners while ensuring wealthy individuals and corporations pay their fair share.

This philosophy around wealthy individuals mirrors ideas long shared by global thought leaders. As Bill Gates once wrote: ‘I’m for a tax system in which, if you have more money, you pay a higher percentage in taxes.’ Similarly, Warren Buffett noted: ‘My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.’

Even Adam Smith, the father of modern economics, set these foundations centuries ago in The Wealth of Nations (1776), arguing that good taxation rests on four principles-fairness, certainty, convenience, and efficiency.

Oyedele’s team drew directly from these timeless principles. ‘The reform is not about raising taxes but raising revenue fairly,’ he explained. ‘Nigeria doesn’t need more taxes-she needs better taxpayers. The system should make compliance easy, transparent, and rewarding.’

Under the new regime, individuals and businesses can file all taxes through a single online portal, accessible anywhere. Payments are automatically routed to the appropriate tier of government, eliminating duplication and delays.

A Tax Amnesty and Transition Window, launched in early 2025, allows individuals and businesses with unpaid liabilities to regularize their status without penalties-a move expected to unlock trillions of naira while rebuilding trust.

Balancing reform with reality

Optimism runs high, but experts warn that success will depend on discipline, coordination, and political will.

‘The challenge is not designing good reforms-it’s sustaining them,’ said Dr. Ayo Teriba, CEO of Economic Associates. ‘Nigeria’s fiscal problem is not just about collecting more money but using it wisely. Without transparency and visible results, even the best tax systems lose credibility.’

Yusuf echoed that concern: ‘The business community needs predictability. Tax policy must not change like the weather. Investors are watching to see if this reform stabilizes Nigeria’s fiscal environment or becomes another cycle of promises.’

For Oyedele, criticism is a sign of engagement, not opposition. ‘We are moving from a culture of suspicion to one of partnership,’ he said at a Lagos media roundtable. ‘We have met with labour unions, manufacturers, tech entrepreneurs, and state officials to ensure no one is left behind.’

One major innovation is the Joint Tax Board Coordination Council, which unites FIRS, state revenue services, and the Joint Tax Board (JTB) under one data-sharing framework to prevent overlapping assessments and standardize practices.

From markets to ministries

At Onitsha Main Market, electronics trader Chinedu Okoro voiced cautious hope: ‘Before now, we paid all kinds of taxes-market levy, environmental fee, development levy-and still the roads were bad. Now they say everything is online. We will see if it brings real change.’

His skepticism reflects a wider national mood: Nigerians are not opposed to paying taxes-they just want value for their money. Years of corruption and broken promises have eroded trust.

That’s why the reform includes a Fiscal Transparency Dashboard, allowing citizens to track how revenues are allocated and spent across ministries and states. ‘If people can see that their taxes build schools, roads, and hospitals, compliance will rise naturally,’ Oyedele said.

Small and medium enterprises (SMEs) also get relief: businesses earning below N25 million annually are now exempt from company income tax, giving them room to grow.

‘One of our goals is equity,’ Oyedele said. ‘If I am a low-income earner struggling to survive, I shouldn’t be paying income tax. Someday, government should support such citizens before asking them to give back.’

The committee has severally explained that Nigeria, being a country with a huge population of poor people, does not intend to extract from the poor citizens through taxation in order to become a rich country. No.

The digital revolution

Perhaps the most transformative element of the reform is its digital core. The Unified Tax Portal, co-developed by FIRS and state authorities, uses blockchain validation and AI-driven analytics to detect evasion, cross-check bank data, and eliminate ghost taxpayers. Every invoice now carries a unique e-invoice ID logged in real time.

According to data from the Central Bank of Nigeria, the digital integration has already improved foreign exchange transparency, pushing Nigeria’s average monthly FX turnover to $8.6 billion in 2025-a sign of growing investor confidence.

‘This is how modern economies operate,’ said Yusuf. ‘Digital transparency removes human discretion-the root of corruption-and enhances efficiency.’

FIRS projects that full digital compliance could N20 trillion annually-enough to fund education, healthcare, and infrastructure without new borrowing.

Federal collaboration, not competition

Unlike earlier tax drives that sparked turf wars, the 2025 reform embraces cooperative federalism. States still control personal income and property taxes, while the federal government focuses on corporate tax, VAT, and customs duties.

‘We are not taking powers away from the states,’ Oyedele clarified in Abuja. ‘We are giving everyone better tools to collect what is legitimately theirs.’

The new revenue sharing formula under Nigeria’s new tax laws allocates Value Added Tax (VAT) revenue as follows: Federal Government 10 per cent; State Governments and Federal Capital Territory 55%; Local Governments 35 per cent.

Similarly, the allocation to states will be based on: Equality 50 per cent; Population 20 per cent Consumption (place of consumption) 30 per cent and for local governments, the allocation will be distributed using: Equality 30 per cent; Population 70 per cent.

This new formula aims to increase revenue for states, promoting fiscal federalism and enhancing their capacity to deliver public services.

Governor Dapo Abiodun of Ogun State agrees: ‘If implemented faithfully, this could boost our internally generated revenue by 30-40 per cent. But states must remain equal partners in this journey.’

Shift in capital gains tax

When will the Eldorado come? Some may have asked. But The taxman cometh. Nigeria’s new tax law, the Nigeria Tax Act 2025, is set to take effect on January 1, 2026. The implementation delay allows for planning, sensitization, and alignment with the fiscal calendar.

Therefore, starting January 1, 2026, Nigeria’s Capital Gains Tax (CGT) regime will change fundamentally. The flat 10 per cent rate gives way to a progressive structure tied to income levels-from 0 per cent to 30 per cent.

The goal is fairness: low-income earners pay less or nothing, while wealthier investors contribute proportionally more.

Individuals with annual sales below N150 million and gains under N10 million are exempt, covering about 99 per cent of retail investors. Those who reinvest profits in Nigerian businesses or startups also qualify for exemptions. Pension funds and companies merging or restructuring retain existing reliefs.

Although CGT contributed only N52 billion in 2024-less than 2 per cent of total tax revenue-the reform aims to enhance equity and efficiency, not simply raise rates. Businesses will benefit from reduced corporate taxes and expanded VAT credits worth N4.5 trillion.

‘This keeps Nigeria competitive globally,’ Teriba said. ‘It balances fairness with investment incentives.’

Nigerians in the Diaspora

The reform also clarifies tax obligations for Nigerians abroad, a long-standing grey area.

Onome Jennifer, a nurse in Dublin, worried her $100 monthly remittance to her mother might be taxed. The answer is no: personal transfers, gifts, and community contributions remain tax-free.

‘Only income earned or deemed to be income-like wages or investment returns-is taxable,’ Oyedele explained.

Non-residents are taxed only on Nigeria-sourced income such as rent or dividends. Money earned abroad and sent home is exempt, even if untaxed elsewhere. Nigeria’s Double Taxation Agreements (DTAs) ensure income isn’t taxed twice.

Residency is determined by the 183-day rule within 12 months, while dual citizenship has no effect on tax status.

For investors, income from government bonds (including Sukuk) is tax-exempt, while dividends, rent, and private bond interest attract a 10% final withholding tax, reduced to 7.5 per cent for countries with DTAs such as the UK, South Africa, and China.

One of the smartest moves about the reform is how it focuses on taxing success rather than the struggle. The government will now tax the profits businesses make, not the investments they pour in. This means entrepreneurs can nurture their ideas and build their businesses without early tax pressure. It’s a system that supports growth and rewards hard work.

Diaspora Nigerians need a Tax Identification Number (TIN) only if they earn income sourced from Nigeria. NGOs remain exempt once registered, while diaspora-owned SMEs are taxed like local firms but enjoy similar incentives.

Rebuilding trust and the social contract

Back in Aba, Ngozi Eze has begun to notice small changes. Her local health centre has been renovated under a state-funded program supported by tax allocations. ‘It’s small,’ she smiled, ‘but it gives me hope that maybe government is beginning to listen.’

Hope-however fragile-may be the reform’s greatest achievement. Economists agree that fiscal transformation is as much about trust as it is about numbers.

‘If citizens see results, they will pay willingly,’ Oyedele said. ‘That’s how nations grow-from trust, not coercion.’

Dr. Zacch Adedeji, Executive Chairman, Federal Inland Revenue Service (FIRS), at the Domestic Investors Summit, reminded participants that tax reform is no longer sitting in a cabinet file. It is here to stay.

He explains further that the role of the taxman has changed. The job now is to empower growth, not frustrate it, stressing that the days of taxing confusion and chaos are over.

The goal, according to him, is to ‘remove the fear and replace it with trust.’

‘This tax reform is not just about documents and bills. It is about the kind of country we are building. Everyone must play their part. The government must not go back to old habits. But we, the people, must also not go back to distrust. If we stay the course, we all can build Nigeria through tax reform, ‘ Adedeji stated.

To preserve progress, the federal government plans to establish a permanent Fiscal Policy and Tax Reform Commission, insulated from political interference. President Tinubu has pledged to sign it into law before the end of 2025.

Fiscal accountability and the Tax Ombudsman

To protect taxpayers, the reform introduces Nigeria’s first-ever Tax Ombudsman.

‘Tax is a special area of life,’ Oyedele said. ‘Government wields enormous power, and small businesses often lack the means to challenge wrongful assessments. The ombudsman protects such taxpayers at no cost.’

The office investigates complaints in plain English, Pidgin, or local languages and can compel compliance from tax officials. ‘If the law grants 30 days to pay, no officer can demand payment in 48 hours,’ Oyedele stressed. That is the job of the Tax Ombudsman.

Beyond redress, the ombudsman will track recurring complaints to identify legal loopholes and recommend amendments. ‘Over time,’ Oyedele added, ‘it will ensure fairness, moderation, and affordable justice.’

Transparency is no longer optional-agencies must publish collections and spending reports quarterly on their websites and file them with the National Assembly. ‘We’re moving toward transparency by design, not discretion,’ Oyedele said.

The broader National Fiscal Policy Framework, awaiting final approval, also compels governments to link projects to community needs. ‘Don’t build flyovers when people lack clean water,’ he quipped. ‘Development must reflect citizens’ priorities.’

From streets to screens

From Lagos to Kano, tax reform has become a national conversation. Radio and TV stations host ‘Tax Clinics’ where experts explain new laws; social media influencers simplify fiscal jargon through relatable skits.

The Committee’s #TaxReformForAll campaign uses storytelling and town halls to connect with everyday Nigerians. ‘Reform is not just technical-it’s emotional,’ Oyedele said. ‘People must understand why it matters to them personally.’

For instance, the taxman said value-added tax (VAT) will no longer apply to food, medical services, education, and accommodation under the new tax regime, ‘easing the cost of living for many Nigerians’.

Even Albert Einstein once joked, ‘The hardest thing to understand in the world is the income tax.’ But Oyedele’s team is proving that clarity is possible.

Still, challenges remain. Some states fear losing fiscal autonomy, much of the informal sector-responsible for 60% of GDP-remains outside the net, and digital illiteracy may slow rural adoption.

‘There will be resistance,’ Yusuf warned. ‘Some officials benefited from the old opaque system. But if leadership stays consistent, this reform can outlive political cycles.’

Conclusion: A cultural, moral reset

When analysts call the reform ‘a stone that kills several birds,’ they were not exaggerating. It cuts across several sectors of the Nigerian economy and targets growth, equity, transparency, digital modernization, and federal harmony-all at once.

‘If Nigeria had implemented these reforms ten years ago, we would already be a trillion-dollar economy, ‘ Oyedele assured at a PWC roundtable.

By simplifying taxes, the reform helps businesses breathe. By automating processes, it curbs corruption. By harmonizing revenue, it strengthens the federation. And by promoting fairness, it restores faith in governance.

Ultimately, this is more than fiscal engineering-it is a moral and cultural reset for Africa’s largest democracy.

As night falls over Lagos and the hum of commerce echoes through its streets, the question lingers: Will this stone truly kill all its birds-or join the pile of reforms forgotten in Nigeria’s long economic journey?

The answer, perhaps, lies not in policy memos or presidential speeches-but in citizens like Ngozi, who still choose to believe again.

The Federal Inland Revenue Service (FIRS) has recorded significant revenue gains, collecting N22.59 trillion in taxes between January and September 2025, and achieving a record N47.39 trillion in the 12 months spanning October 2023 to September 2025, exceeding its targets by 115 per cent, FIRS Chairman Dr Zacch Adedeji has announced.

Speaking on the agency’s performance, Adedeji said 2025 has been a year of transformation, with non-oil revenue accounting for 76 per cent of total collections, reflecting the success of diversification and reform initiatives.

‘Non-oil taxes stood at N17.3 trillion, representing 128 per cent of the nine-month target and 76 per cent of total collection, while oil tax revenue reached N5.29 trillion, 98 per cent of target,’ he noted. Non-import VAT exceeded targets at 137 per cent, and import VAT achieved 131 per cent.

Adedeji assured that the FIRS would continue to implement new tax laws fairly, enhance digitalisation of tax processes, train and retrain staff, and strengthen partnerships with stakeholders to meet and surpass government revenue expectations.

Highlighting reforms under his leadership, Adedeji said the FIRS’ planned transformation into the Nigeria Revenue Service (NRS), effective January 1, 2026, will broaden the agency’s mandate to include non-tax revenue collection from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC).

The chairman emphasised several strategic initiatives that have modernised tax administration, including the National Single Window Project to streamline trade and tax processes, and the e-invoicing system to enhance transparency, accuracy, and digital integration in tax collection.

‘A major highlight of 2025 was the passage of key tax reform laws aimed at simplifying compliance, closing administrative gaps, and aligning Nigeria’s tax system with international best practices,’ Adedeji said.

On technology-driven initiatives, he highlighted the *829# USSD Code launched in October 2024, which allows taxpayers to access services including retrieving Taxpayer Identification Numbers (TIN), verifying tax clearance certificates, checking tax types and rates, locating offices, and making enquiries – directly via mobile phones.

Adedeji also outlined efforts to improve taxpayer education and compliance, including nationwide tax clinics targeting small businesses, start-ups, and informal sector operators, providing guidance on filing and dispute resolution.

On the international front, FIRS advanced Nigeria’s global tax cooperation by concluding five mutual agreement processes with Belgium, France, and the Netherlands, partnering with the Swedish Revenue Agency on tax administration training, and negotiating or renegotiating treaties with countries including Hong Kong, Botswana, Tanzania, Rwanda, Switzerland, Saudi Arabia, Kuwait, Qatar, Morocco, India, and Jersey.

‘FIRS has in 2025 continued its transformation into a modern, technology-driven, and service-oriented institution, achieving major legislative, operational, and technological milestones that position it for sustained growth and greater efficiency,’ Adedeji said.

He reaffirmed the service’s commitment to simplifying tax, maximising revenue, and supporting national development through transparency, innovation, and collaboration with stakeholders.

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has lauded the Nigerian judiciary for delivering ‘sound and consistent’ judgments that continue to shape the country’s tax landscape and support economic stability.

Speaking at a capacity-building workshop for Justices of the Supreme Court, Court of Appeal, and Judges of the Federal High Court on Nigeria’s new tax laws, the FIRS Chairman described the initiative by the National Judicial Institute (NJI) as ‘timely and essential’ to the nation’s fiscal reforms.

He noted that recent legislative changes, including amendments to Finance Acts and the implementation of the Petroleum Industry Act and other tax-related regulations, have ‘significantly reshaped our tax ecosystem,’ making closer collaboration between the judiciary and tax authorities more important than ever.

‘The judiciary, through its interpretative powers, remains the ultimate arbiter in maintaining the delicate balance between the legitimate powers of tax authorities and the rights of taxpayers,’ he said. ‘Your consistent and sound pronouncements have provided stability, predictability, and fairness in tax administration.’

According to him, timely and principled judicial resolutions of tax disputes are critical to fostering voluntary compliance, strengthening investor confidence, and enhancing national revenue mobilization.

‘Tax disputes that are resolved promptly and grounded in clear judicial principles foster compliance and contribute to economic stability,’ he added.

Reaffirming FIRS’ commitment to stronger collaboration, he said the Service will continue to support the judiciary through knowledge sharing, technical resources, and sustained engagement.

‘As key stakeholders in the Nigerian tax system, we must deepen synergy, foster dialogue, and build mechanisms that promote early and efficient resolution of tax disputes,’ he emphasised.

He also highlighted emerging complexities in taxation-particularly those related to digital commerce and cross-border transactions-stating that continuous judicial education remains pivotal to sustaining fairness and transparency in the tax regime.

Concluding, the FIRS boss expressed confidence that insights from the workshop will translate into more robust judicial decisions and help build ‘a more efficient, equitable, and investor-friendly tax system for Nigeria.’

EVEN if you previously knew very little about him, his 90th birthday festivities, attended by nearly every big name in the country, both in his Iperu hometown and in Lagos, certainly spoke eloquently about his personality. From royalty to the political and business elite, his birthday celebration drew Nigeria’s mightiest, home and abroad. That Sir Kessington Adebukunola Adebutu is famous and highly influential is not in doubt, but his life has not been about throwing his weight around. No. Instead, it has been about making real, demonstrable impact in people’s lives, helping to change sad stories to happy ones, lifting the poor and the downtrodden out of the morass of poverty and despondency; acting as an agent of change outside the trappings of politics and political leadership; living simply for the purpose of bringing cheer to his environment. Adebutu, the man simply known as Baba Ijebu, is rather reticent and self-effacing, yet he counts as one of Nigeria’s most consistent philanthropists, launching foundations and donating buildings and funds to diverse institutions. He apparently measures his wealth not in the balance in his bank accounts but in the real, demonstrable impact he makes in the lives of people; in the sheer, pure joy that he spreads without ceasing. He is such a jolly good fellow.

Apparently, to his surprised exhilaration, President Bola Ahmed Tinubu decorated him with Nigeria’s second-highest national honour, the Grand Commander of the Order of Niger (GCON), at the thanksgiving service marking his 90th birthday in Lagos. In a statement released by the State House, the president had described him as a national icon and role model whose life reflects integrity, compassion, and enduring service to humanity. His words: ‘From a humble background in the serene town of Iperu-Iremo, where his life’s journey began, Chief Adebutu rose to national prominence as a businessman, philanthropist, and cultural icon who embodies the virtues of hard work, honour, and compassion.’ The president noted Adebutu’s pioneering role in developing Nigeria’s modern lotto industry, saying his innovation ‘created jobs, sustained families, and inspired young Nigerians to believe in enterprise and diligence.’ He added: ‘Through his admirable personality, business acumen, resilience, and benevolent spirit, Chief Adebutu distinguished himself as one of Nigeria’s most outstanding entrepreneurs. His remarkable contributions to business, philanthropy, culture, and national development are footprints that will endure across generations. Through hard work and consistency, he became a national icon and role model. His entrepreneurial spirit – pioneering the modern lotto business – has created jobs, sustained families, and inspired young Nigerians. Through his foundation, countless indigent students have received scholarships, while communities have benefited from his support for youth programmes, sports, culture, and social development. He has remained a silent giver, touching lives without fanfare.’

Born in Iperu Remo in Ikenne Local Government of Ogun State on October 24, 1935, to Alhaji Karimu Folarin and Alhaja Seliat Olasimbi, Adebutu started his early education at Ijero Baptist School, Ebute-Meta, Lagos, then attended Baptist Academy, Lagos. He obtained his Secondary School Leaving Certificate in 1955, having attended Remo Secondary School, Sagamu. He worked with Cable and Wireless Limited, (later called NITEL) and later joined Classic Chemical Limited, a pharmaceutical company that produces the popular Andrews Liver Salts and Cafenol. He started out as a salesman and later rose to become the sales manager. In the 60s, he set up his own company, a betting outfit, and also founded the Kessington Adebukola Adebutu Foundation. The premier pools betting and gaming company is called Baba Ijebu, but that is also the title by which millions of Nigerians fondly and affectionately refer to the billionaire business mogul, and it is also the unofficial title of betting in the country. Hear the uncommon philanthropist who recently donated a N5.2bn research centre to the College of Medicine, University of Lagos, reflecting on his 90 years: ‘A good name is better than riches and that’s my guiding principle. To me, money is simply a means of living, but a good name lasts forever. That’s why I devote a large part of what I earn to helping the underprivileged. It may be hard to believe, but I spend most of my income on my community, and I’m happy doing so because it’s not by my power. I often say that many people work harder than I do, yet at 90, I’m still earning money.’

It came as no surprise, then, that in his determination to further lift up his immediate environment, Adebutu donated N4 billion for developmental projects in three local government areas and his hometown, Iperu Remo. The lotto magnate disclosed this during a symposium organised in his honour as part of activities marking his 90th birthday, announcing N1 billion each for Sagamu, Ikenne and Remo North local government areas, as well as N1 billion for the Iperu Akesan Development Association (IDA). That is vintage Adebutu. With a diverse portfolio of investments in various sectors, including lotto, agriculture, manufacturing, real estate, construction, hospitality and banking, Adebutu has, over the years, given firm support to educational initiatives and infrastructure development, donating buildings and equipment to libraries and educational institutions, including Crescent University and Moshood Abiola Polytechnic. He has donated medical equipment and diagnostic facilities to hospitals. He built the DIAMED Centre, a world-class medical facility in Victoria Island, Lagos, equipped with cutting-edge diagnostic technology, including Nigeria’s first 3D mammogram machine. He supported the Nigerian Institute of Journalism (NIJ) with a media resource centre. He has provided support to refugees and local communities and empowered youths through various initiatives and programmes. Through the Kessington Adebukunola Adebutu Foundation, the business mogul funds scholarships, medical outreach programmes, and youth empowerment schemes nationwide. It is no surprise, then, that awards and recognitions have come his way, including OON, CON and now GCON, not to mention the highly revered traditional titles of Odole Oodua and Balogun of Remoland.

We salute Chief Adebutu at 90. He embodies selflessness. He is a philanthropist of philanthropists who is always concerned about people around him. He is a household name in Nigeria; he has created jobs and made a massive impact on the lives of people around him. Although he had a rough beginning in life, he has lived above the challenges, and must be celebrated for always seeking to help others out. He is a great asset to Ogun State, the land on which he resides as a proud homeboy. Happy birthday, Chief Adebutu. We wish you many more years in sound health and great wealth.

The Nigeria National Petroleum Company Limited (NNPCL) has restated its commitment to the development and revamping of the downstream across the country to enhance collaboration and drive efficiency in the sector.

A release signed by the Chief Corporate Communications Officer (CCCO), Andy Odeh, said Group Chief Executive Officer (GCEO), Engineer Bayo Ojulari, stated this at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos on Monday.

Speaking on the conference’s theme ‘Energy Sustainability: Beyond Boundaries and Competition’, Ojulari said competition alone was no longer enough to drive efficiency, adding that operators must embrace collaboration, sustainability and resilience as the new benchmarks for success.

He said, ‘At NNPC, we are committed to deploying additional infrastructure across the oil and gas value chain while revamping our existing downstream infrastructure nationwide. These assets will be accessible to partners seeking to store and transport products, supporting strategic alliances and collaboration in the downstream sector.’

He revealed that a lot of factors, ranging from strategic policies and fiscal incentives to transparent and well-structured regulatory frameworks exemplified by the Petroleum Industry Act (PIA) have engendered expansion and growth in the sector requiring new skill sets and further investments in new lines of business such as Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), and mini-LNG projects.

Ojulari called on participants at the conference to discuss challenges and align on opportunities ‘to redefine energy systems in ways that are both profitable and sustainable, to forge cross-sector partnerships that transcend traditional competition and to explore innovative business models and technologies that support decarbonization while driving economic value’.

The OTL Africa Downstream Energy Week is the continent’s leading downstream and midstream energy event for international organisations, policy makers, regulators, development organisations, operators, service providers and consumers in the downstream energy value-chain.

Ahead of today’s governorship primaries of the All Progressives Congress (APC) in Ekiti, accreditation of delegates for the exercise has commenced.

No fewer than 885 delegates from across the 16 Local Government Areas of the state are expected to participate in the affirmation process of the incumbent governor, Biodun Oyebanji, as the consensus candidate of the APC.

Nigerian Tribune correspondent at the Ekiti Parapo Pavilion, venue of the exercise, observed on Monday morning that delegates are queuing up at their LGAs stands for the accreditation exercise ahead of the commencement.

The chairman of the Consensus Primary Election Committee and Governor of Kogi State, Usman Ododo, had declared during a meeting with stakeholders on Sunday that the exercise would be seamless and transparent.

He added that the 885 delegates would be called to affirm the candidature of Governor Oyebanji for the June 20, 2026, governorship election in the state.

As of 10 am, the delegates are being accredited and making their way into the main bowl of the pavilion.

Security operatives, including police, Department of State Service, and NSCDC, were strategically stationed and deployed across the venue and the roads leading to the arena.

President Bola Ahmed Tinubu, on Monday, met with the newly appointed service chiefs at the Presidential Villa in Abuja.

The new military leaders arrived at the forecourt of the Villa in a black Mercedes van escorted by a green Toyota Land Cruiser around 4 p.m.

Those present included the Chief of Defence Staff, Lt-Gen Olufemi Oluyede; Chief of Army Staff, Maj-Gen W. Shaibu; Chief of Naval Staff, Rear Admiral I. Abbas; Chief of Air Staff, Air Vice Marshal S.K. Aneke; and Chief of Defence Intelligence, Maj-Gen E.A.P. Undiendeye.

Tribune Online reports that Tinubu announced major shakeups in the military leadership on Friday, October 24, 2025.

This is ‘in furtherance of the efforts of the Federal Government of Nigeria to strengthen the national security architecture,’ according to a statement issued by the President’s Special Adviser on Media and Public Communication, Sunday Dare.

Dare stated that General Olufemi Oluyede was appointed to replace General Christopher Musa as the new Chief of Defence Staff.

‘The new Chief of Army Staff is Major-General W. Shaibu. Air Vice Marshall S.K. Aneke is Chief of Air Staff, while Rear Admiral I. Abbas is the new Chief of Naval Staff. Chief of Defence Intelligence Major-General E.A.P Undiendeye retains his position.

‘The President, Commander-in-Chief of the Armed Forces, expresses most profound appreciation to the outgoing Chief of Defence Staff, General Christopher Musa and the other service chiefs for their patriotic service and dedicated leadership,’ the statement further read.

Tinubu urged the newly appointed service chiefs to justify the trust placed in them by strengthening professionalism, vigilance, and unity within the Armed Forces.

LASACO Assurance Plc has reported a strong financial performance for the 2024 financial year, underlining its resilience and commitment to policyholder confidence despite Nigeria’s challenging economic landscape.

At the company’s 25th Annual General Meeting (AGM) held in Lagos, the Chairman, Mrs. Maria Olateju Phillips, announced that LASACO paid a total of N13.19 billion in claims during the year, reflecting its steadfast dedication to honouring obligations and supporting customers in times of need.

‘Our ability to settle N13.19 billion in claims despite prevailing macroeconomic headwinds reflects the strength of our balance sheet, prudent risk management, and unwavering focus on customer satisfaction,’ Phillips said.

The company also recorded a 25 percent rise in insurance revenue, reaching N22.82 billion in 2024, compared to N18.29 billion in 2023. Profit After Tax (PAT) stood at N1.54 billion, representing an 18 per cent increase from the previous year’s N1.31 billion.

Phillips attributed the performance to strategic market expansion, improved customer engagement, and disciplined cost optimization, which collectively boosted operational efficiency and financial stability.

Despite a tough operating environment characterised by high inflation, rising regulatory costs, and foreign exchange volatility, LASACO’s total assets rose by 13 percent to N30.94 billion, up from N27.33 billion in 2023, reinforcing its liquidity position and claims-paying capacity.

In a bid to consolidate its market position and strengthen its capital base, LASACO successfully raised N11.1 billion through a private placement, issuing 9.25 million new shares. Phillips said the capital injection would enhance the company’s competitiveness and compliance with the National Insurance Commission (NAICOM)’s recapitalisation directive.

‘The capital raise marks a significant step towards achieving our long-term growth objectives. It strengthens our capacity to underwrite bigger risks, expand our market reach, and sustain shareholder value,’ she noted.

Looking ahead, the LASACO Chairman outlined an ambitious strategic outlook for 2025 and beyond, anchored on innovation, digital transformation, and sustainability.

She disclosed that the company is investing in advanced software infrastructure and omnichannel customer engagement tools to improve service delivery and deepen its footprint in the retail insurance segment.

‘We are not merely adapting to the future; we are defining it. With a clear vision, a solid financial base, and a strong culture of excellence, LASACO Assurance Plc is poised to set new performance benchmarks in Nigeria’s insurance industry,’ Phillips affirmed.

She further noted that the company’s focus on sustainability will drive product development, risk assessment, and investment strategies, aligning LASACO’s operations with global standards of responsible business practices.

Phillips expressed gratitude to shareholders, employees, clients, and regulators for their continued trust and collaboration, assuring them of the company’s commitment to creating long-term value.

‘As we move forward, our goal remains to deliver superior value, maintain financial soundness, and contribute meaningfully to Nigeria’s economic growth,’ she stated.

Justice Chizoba Oji of the High Court of the Federal Capital Territory (FCT), sitting at Maitama, Abuja, on Monday adjourned hearing of the preliminary objection raised by the senator representing Kogi Central, Natasha Akpoti-Uduaghan, in her trial for allegedly defaming Senate President, Godswill Akpabio and former governor Yahaya Bello of Kogi State to Monday, December 1.

Akpoti-Uduaghan was on June 19 arraigned before the court on a three-count charge, bordering on harmful imputation by the Office of the Attorney-General of the Federation (AGF) and Minister of Justice.

In the charge, marked FCT/HC/ CR/297/25, Akpoti-Uduaghan was accused of making harmful imputation which she knew would harm the reputation of the Senate President, Senator Akpabio, by claiming he plotted, with former governor Bello to kill her.

She is further accused of making a similar harmful imputation knowing that it will harm the reputation of ex-governor Bello.

The prosecution also accused the embattled senator of making another imputation, which she knew would harm the reputation of Akpabio by associating him with the death of one Miss Imoren Iniobong.

She, however, pleaded not guilty to the charge against her.

At the resumed hearing of the case yesterday, the prosecuting counsel, David Kaswe, informed the court that though the matter was slated for hearing of the defendant ‘s preliminary objection, the prosecution was not able to serve its response to the objection though it had filed same with the court.

Kaswe told the court that the address the prosecution’s counter was served did not belong to any of the counsels for the senator and as such asked for a short adjournment to enable the prosecution properly serve the defendant with its response to her preliminary objection.

According to the prosecutor, ‘It will not be fair for the prosecution to insist that the matter goes on as the defence team has indicated that they will respond to our counter.

‘In the circumstance, we are asking for a short adjournment to enable us (prosecution) to effect proper service on the defence.’

Responding to this, the lead counsel for Natasha, Ehighioge West-Idahosa SAN, confirmed to the court that the prosecution’s response to his client’s preliminary objection was not served on any of her defence team, adding that they had nit seen the response.

‘The prosecution’s counter was not served on any of the defendant’s lawyers. As defendant, we have not been served. We intend to re d when we are properly served as we have additional evidence to file,’ the senior advocate told the court.

He, however, appealed to the court to grant a long adjournment as members of the defence team plant to attend this year’s Internation Bar Association’s meeting in Canada.

After listening to parties, Justice Oji adjourned hearing of the preliminary objection to December 1.

At the last sitting on September in the case on September 23, West-Idahosa had told the court that the defendant had filed a notice of preliminary objection before the court on the ground that there was abuse of prosecutorial powers by the Office of the Attorney-General of the Federation.

According to the senior advocate, the preliminary objection was not a challenge of the elements of the charge but a challenge to the validity of the charge, asserting that, ‘This is threshold of jurisdictional matter.’

He then informed the court that the defence had on September 18 served the Office of the Attorney-General of the Federation with the preliminary objection and the prosecution had yet to respond to it.