Category: New PM

Lagos State Governor, Babajide Sanwo-Olu, has celebrated 15-year-old Kanyeyachukwu Tagbo-Okeke, a Nigerian teenager living with autism, for making history by creating the world’s largest canvas painting by an individual.

The monumental artwork, titled ‘Impossibility is a Myth’, spans an astonishing 12,303.87 square metres, earning Kanyeyachukwu a place in the Guinness Book of World Records and international acclaim. The piece was unveiled at Marina, Eko Atlantic City, Lagos.

Speaking through his Special Adviser on Tourism, Arts, and Culture, Idris Aregbe, the governor described the achievement as a powerful statement on youth potential, disability inclusion, and the indomitable Nigerian spirit.

‘At just 15, Kanyeyachukwu has done what many thought impossible. His painting is not just a personal triumph – it is a symbol of possibility, inclusion, and hope,’ Sanwo-Olu said.

He highlighted the infinity symbol at the centre of the painting as a message of boundless potential, particularly for people on the autism spectrum. The governor also reiterated his administration’s commitment to investing in platforms that promote youth creativity and global competitiveness.

The painting, first unveiled on World Autism Awareness Day 2025, combines turquoise and coral hues with imagery of multiple human faces to reflect emotions, diversity, and shared humanity.

Kanyeyachukwu, who is non-verbal, has used visual art as his primary form of communication since early childhood. His work has inspired global attention and advocacy for neurodiverse creatives.

Bandits unleashed terror on residents of Zamfara State Friday evening, killing several people and abducting many others in a violent ambush along the Mayanchi-Anka Road.

The Nation reports that eyewitnesses described the attackers as heavily armed and operating with impunity.

According to the report, one of the survivors, Malam Muhammad Ahmad, recounted his narrow escape.

‘The bandits blocked us on the highway and kidnapped many people. Some of us had to flee into the bush. Only those who managed to hide in farms with tall crops escaped,’ he said.

Ahmad also confirmed the death of his colleague, Abubakar Lawali Sardauna, who was killed after refusing to be taken by the armed men. ‘He told them he would not follow them to the bush. They shot him on the spot,’ he added.

As of press time, efforts to reach the Zamfara State Police Public Relations Officer, Yazid Abubakar, were unsuccessful, the report says.

No fewer than 250 commercial taxi drivers have been arrested across the Federal Capital Territory (FCT) by operatives of the Federal Road Safety Corps (FRSC) for violating safety directives restricting only one passenger in the front seat.

The arrests, which took place within the first 48 hours of a renewed enforcement drive that began on October 2, were part of a wider campaign to end overloading and unsafe transport practices in Abuja.

Confirming the development, the FCT Sector Commander, Corps Commander Felix Theman, said the operation was launched to restore passenger dignity and safety on the roads.

‘Enforcement is the most civil and effective way to ensure that safety is not compromised for convenience,’ Theman stated.

He noted that many of the apprehended drivers were found carrying two passengers in the front seat, a practice that violates vehicle design standards and makes proper seatbelt use impossible.

The FRSC warned that overloading endangers lives, puts extra strain on tyres and suspension systems, and reduces a driver’s control in emergencies.

‘The overloading of passengers and goods not only endangers lives but also places undue stress on vehicles. It impairs the driver’s ability to control the vehicle effectively, especially in emergency situations,’ Theman added.

Theman disclosed that the Command had consulted transport unions and stakeholders before the operation, noting that the unions pledged full support for the safety drive.

The enforcement, he said, is being carried out with the aid of mobile magistrate courts for the on-the-spot prosecution of offenders.

He further warned commercial drivers using unsafe vehicles to upgrade or risk immediate impoundment as part of the broader push for safer urban transport.

‘Passengers must support the FRSC’s efforts to protect their right to safe and dignified transportation,’ he said.

The FRSC also announced that full activation of mobile court locations across the FCT will begin on Monday, October 6, to further intensify the clampdown on violators.

The Executive Director of the Centre for Citizens with Disabilities (CCD), Mr David Anyaele, has revealed how President Bola Tinubu rehabilitated him after Sierra Leone rebels amputated his hands in 1999.

He said he wrote to various governments, including Southeast governors, seeking support after his ordeal was televised, but his requests were rejected.

Anyaele spoke on Friday evening during the Nkata Umuibe, a monthly speakers’ series organised by the Centre for Memories (CFM), Enugu, with the theme ‘Onye Aghana Nwanne Ya’.

He explained that the assailants were fighters of the Revolutionary United Front (RUF), which waged war in Sierra Leone between 1991 and 2002.

The disability rights activist said after his request to Southeast governors and others were rejected, he later sent the same appeal to then Lagos governor Bola Tinubu, who directed doctors to examine him.

Medical reports recommended overseas treatment, leading to his rehabilitation in Germany, where artificial hands were fitted.

‘I must thank the Tinubu administration and the good people of Lagos State for their hospitality,’ Anyaele said.

He lamented that living with disability in Igboland often meant enduring discrimination and neglect.

Recounting his ordeal, Anyaele said he was on a business trip to Freetown when he was attacked solely because he was Nigerian.

He recalled that his pleas not to be mutilated were ignored, stressing that many Nigerians faced similar inhuman treatment during Sierra Leone’s civil war.

He said Nigerian-led ECOMOG troops rescued him while he lay in pain and rushed him to hospital, saving his life.

‘That experience changed my world as I suddenly found myself in the disability community, without knowing what the future held,’ he said.

He added that he was subjected to stigma, discrimination, isolation, and exclusion because of his disability.

Appealing to Igbos, Anyaele urged them not to discriminate against persons with disabilities but to embrace inclusion, noting disability could happen to anyone anytime.

He commended Gov. Alex Otti for establishing the Abia State Disability Commission and urged Gov. Peter Mbah to replicate it in Enugu State.

A chieftain of the All Progressives Congress (APC) in Osun State, Senator Iyiola Omisore, has officially announced his intention to contest the 2026 governorship election under the APC platform.

Omisore made the announcement on his X (formerly Twitter) handle on Saturday, revealing that a formal declaration will take place on Tuesday, October 7, 2025, at the Osun APC Secretariat in Ogo-Oluwa, Osogbo.

The event, themed ‘Fix the Broken, Restore Our Dreams,’ marks the beginning of his campaign journey.

‘My beloved people of Osun State, after deep reflection and wide consultations, I have decided to formally declare my intention to contest for the Governor of Osun State in 2026 under our great party, the All Progressives Congress (APC),’ Omisore stated.

He noted that his campaign would focus on restoring hope, improving governance, and creating a brighter future for the people of Osun State.

‘This is not just my mission; it is a collective one. I humbly invite you to join me as we take this bold step towards the Osun Rescue Mission 2026,’ he added.

Omisore, who previously contested the 2014 governorship election on the platform of the Peoples Democratic Party (PDP) before joining the APC, is expected to be among the top contenders for the party’s governorship ticket in the forthcoming election.

Ogun State Governor, Dapo Abiodun, has announced a strategic partnership with Chinese investors aimed at enhancing the state’s energy infrastructure and expanding its industrial capacity.

In a statement shared on X (formerly Twitter) on Saturday, the governor revealed that discussions were held with the Jiangsu-based energy company Cteec. Talks focused on financing opportunities, technical expertise, and the company’s readiness to deliver key energy projects in the state.

Governor Abiodun noted that the engagement centred around three major areas of collaboration: Strengthening power transmission and distribution across the state; establishing an Industrial Park designed to attract Chinese manufacturers and integrate power solutions, and installing a free 3MW power plant at the Gateway International Cargo Airport to support immediate operations.

‘Our discussions highlighted three critical components of our partnership: the reinforcement of Ogun’s electricity infrastructure, the creation of a manufacturing hub powered by reliable energy, and the installation of a 3MW power facility at our airport, which will immediately catalyse activity at that important location,’ Abiodun stated.

The governor also disclosed that the Chinese delegation would inspect ongoing distribution and power infrastructure projects executed by Sahara and Powergen, as part of wider efforts to secure a stable energy supply for the state.

According to Abiodun, Cteec already has an existing investment portfolio of 100MW in Nigeria and is now seeking to expand its footprint. The company’s interests include power generation and distribution, investment in a dedicated state transmission network, and the development of an Industrial Park to attract further Chinese manufacturers to Ogun State.

‘This partnership is yet another testament to our unwavering commitment to building the energy backbone that will support Ogun State’s industrialisation and long-term economic development,’ the governor added.

In related developments, the Gateway International Airport in Iperu-Ilishan is gearing up for commercial operations. Reports indicate that inaugural flights from the airport to Abuja have sold out, with tickets for subsequent days also fully booked , signalling strong demand and readiness of the facility to serve as a key aviation hub in Nigeria.

‘Our vision has always been to leave a legacy of sustainable development and inclusive growth. From constructing roads that ease transportation of people and goods, to developing affordable housing, we remain committed to improving the quality of life for our citizens,’ said Abiodun.

The Nigerian Civil Aviation Authority officially granted the Gateway International Airport its Aerodrome Operational Permit in August 2025. Passenger flight services are scheduled to commence on 7 October 2025, with Value Jet Airline operating flights twice weekly.

Tragedy struck on Friday evening at the Alapoka axis of the Papalanto-Ilaro Road in Ogun State when a Dangote Cement truck lost its brakes and rammed into a tricycle, killing all five occupants instantly.

The fatal accident, which occurred around 8:25 p.m., involved an unregistered tricycle and a Dangote truck bearing the number plate GRZ 767 XA. According to Babatunde Akinbiyi, spokesperson for the Ogun State Traffic Compliance and Enforcement Agency (TRACE), the truck driver failed to notice he had collided with the tricycle until it was too late.

‘The impact was so severe that the tricycle was crushed under the truck’s tyre, killing the five passengers on the spot,’ Akinbiyi said.

A rescue team led by the Acting TRACE Head, Adedayo Omonayajo, and the Ilaro Divisional Commander, Salako Idowu, was deployed to the scene. However, tensions escalated as angry residents attempted to attack the team. The situation was brought under control with the intervention of the Amotekun Corps and other security operatives.

The remains of the victims were evacuated and taken to the morgue by officials of the Federal Road Safety Corps (FRSC).

The Nigerian naira fell sharply against the United States dollar at the close of trading on Friday, ending the week on a disappointing note after days of positive performance.

According to official data released by the Central Bank of Nigeria (CBN), the naira depreciated to ?1,465.68 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), compared to ?1,455.25 per dollar recorded on Thursday.

This represents a ?10.43 drop in value within a single day, signaling renewed pressure on the local currency after a brief period of recovery.

The decline comes after the naira had shown strong momentum earlier in the week, gaining steadily for four consecutive days due to improved dollar supply and increased investor confidence.

However, market analysts suggest that renewed demand for foreign exchange by importers and corporate entities toward the weekend may have triggered the latest round of depreciation.

At the parallel (black) market, the naira remained stable at ?1,485 per dollar on both Thursday and Friday, suggesting that traders are maintaining a wait-and-see approach as the market adjusts to recent policy measures introduced by the apex bank.

Despite Friday’s decline, the naira still recorded a slight improvement on a week-on-week basis, appreciating by ?14.98 when compared to the ?1,480.66 per dollar exchange rate recorded on Friday, September 27, 2025.

Meanwhile, Nigeria’s external reserves have continued to grow, standing at $42.40 billion as of October 2, 2025, up from $42.33 billion just three days earlier.

Analysts view this steady rise in reserves as a positive sign, reflecting improved foreign inflows and potential stability for the foreign exchange market in the coming weeks.

Experts have continued to urge the Central Bank to sustain its monetary tightening measures and enhance transparency in the forex market to restore full confidence among investors and businesses.

They also emphasized the need for Nigeria to boost local production and reduce dependence on imports, which remains one of the major factors driving dollar demand.

While the week ended with a slight setback for the naira, economists remain cautiously optimistic that the local currency could regain strength if foreign inflows continue to rise and market reforms are fully implemented.

As the countdown to the January, 2026 effective take off of two landmark Tax Reform laws gathers steam, wrong narratives and misconceptions about aspects of the new tax laws have also been on the increase. While some of the misconceptions are borne out of innocent ignorance, others are mostly from a place of political mischievousness. In this Explainer I will be addressing the misconceptions around the income tax provisions in the Nigeria Tax Act, 2025.

Over the past couple of months, I have noticed the following misconceptions and wrong narratives around the issue of income tax, many of which emanate from individuals or businesses who have clearly been evading income taxes: my

1. Nigerians pay higher income taxes from January 1, 2026

2. Money in individual bank accounts would be automatically taxed by the government

3. Federal government is desperate to raise revenue by taxing the income of Nigerians heavily.

4. Tax laws will stifle productivity

I will briefly touch on each of these misconceptions, providing clarifications in layman terms.

1. HIGHER OR LOWER INCOME TAXES FOR INDIVIDUALS?

The reality is that the income tax paid by MAJORITY of Nigerians will reduce following the new personal income tax provisions in the Nigerian Tax Act, 2025 that exempted individuals earning N800,000 and below per annum from paying income tax. What this means is that Nigerians earning minimum wage or below will pay zero income tax.

I understand some will argue that minimum wage is N70,000 per month, which translates to N840,000 per annum and ordinarily means a minimum wage earner still has N40,000 above the N800,000 exemption threshold that is subjected to an income tax of 15% under the new tax law. That is correct, but here is the catch, there is what is called TAXABLE INCOME and is not necessarily equivalent to the total income of an individual.

Taxable income is simply the part of the total income that can be taxed after allowable deductions have been made. Under the NTA 2025, you can deduct the following from your GROSS income to get your TAXABLE income:

a) NHIS contribution (5% of salary for most employees)

b) Annual rent (corresponding to 20% of the rent up to a maximum of N500,000)

c) National Housing Fund deduction (2.5% of gross pay)

d) Employee Pension contribution (8% of employee salary)

e) Life insurance premium for you and your spouse

In other words, a minimum wage earner claim some or all of these deductions and these will certainly drive down the taxable income within the exemption threshold of N800,000 per annum.

Let us do a practical calculation for an individual earning N70,000 monthly (minimum wage) who pays an annual rent of N200,000 in addition to NHIS, NHF and contributory pension deductions.

His gross annual income = N840,000

Pension contributions = N67,200

NHF deduction = N21,000

NHIS deduction = N42,000

20% of Annual Rent = N40,000

By the time you make these allowable deductions from the N840,000 gross income, the individual’s TAXABLE INCOME becomes N710,800. This falls well within the exemption threshold which means the individual will not pay any income tax.

If an individual earns N80,000 monthly, and we use similar deductions for NHIS, NHF and CPS while raising annual rent to N300,000 with 20% amounting to N60,000, the individual will still be exempt from paying income tax as the taxable income would be N799,200 – within the N800,000 tax exemption threshold. Even when we calculate for an individual earning an annual gross income of N1.2m, the individual may even fall within the tax exempt status depending on the deductions he or she claims or at worst the individual may just be taxed an effective tax rate of 2.5% under the new law as against 4.6% under the old law.

The tax band is progressive in nature and only makes the rich with reasonably much higher annual gross income to pay a little more than before, which is a fair system. Although, depending on the deductions they may claim, they can end up paying lesser income tax than before. This in itself opens a lot of opportunities for the economy especially the life insurance sector as well as the health sector since one can actually sign up for health insurance and/or life insurance in order to pay lesser income tax while at the same time benefiting from quality all-round cheaper healthcare offered by the NHIS for the family.

Below is a demo tax calculation for an individual earning an annual gross income of N50 million. The individual lives in an apartment he purchased with a bank loan of N80 million at an annual interest rate of 27% with a five year tenor, making his annual interest payment to be approximately N4.32 million. This particular individual also makes N5 million contribution towards his pension and another N2.5 million NHIS contribution that covers himself, his spouse and four kids.

After deducting N5 million pension contributions, N2.5 million NHIS contribution and N4.32 million interest payment, his taxable income out of the N50 million gross income becomes just N35.18 million. However, this N35.18 million is not taxed a flat rate of 23% (under the old law, income above N3.2 million is taxed a flat rate of 24%), rather it is progressive – the first 800k is 0%, next N2.2m is taxed at 15%, next N9m is taxed at 18%, next N13m is taxed at 21% while the next N25m is taxed at 23%.

The income tax of this individual under the new tax laws is N7.02 million, which is basically 14.0% of his gross income – just 1.1% higher than his effective tax rate under the old laws. This is still by far very fair when you consider what is obtainable in many other countries of the world where effective tax rate can get to as high as 60% of taxable income.

2. WILL INCOME TAX BE AUTOMATICALLY DEDUCTED FROM BANK ACCOUNTS?

The simple answer is NO. Taxes would not be automatically deducted from the bank account of Nigerians.

This misconception is probably because of the provisions in section 29 of the Nigeria Tax Administration Act which mandates banks and other financial institutions to furnish the tax authority on a quarterly basis information (name and addresses) about their customers with cumulative monthly transactions of N25 million and above for individuals or N100 million and above for a body corporate. Even though the information will help a tax authority know those ELIGIBLE taxpayers evading taxes, the provision does not amount to automatic deduction of taxes from the accounts.

Crucially, if your monthly cumulative transactions as an individual does not amount to N25 million and above or from N100 million for corporate bodies, this provision does not concern you in any way. Only about 5% of the population have bank accounts that have more than half a million in them. So, in essence, more than 90% of Nigerians, which includes all the poor and vulnerable people in Nigeria are not affected by this provision.

3. IS THE FEDERAL GOVERNMENT DESPERATE TO RAISE REVENUE BY TAXING THE INCOME OF NIGERIANS HEAVILY?

Again, the simple and short answer is NO!

The reforms in the income tax laws are not particularly meant for the federal government to raise more revenue by taxing Nigerians heavily, the reverse is actually the case. The tax laws are meant to relieve poor Nigerians of tax burden. Meanwhile, the greatest beneficiary of personal income tax revenues are the states because Section 3(2) of the Nigeria Tax Administration Act confers jurisdiction on the state tax authority in respect of tax on the income, profit or gains of individuals residing in a state. Therefore, personal income tax is part of the IGR sources of state governments.

The FG only retains income taxes from personnel of the armed forces and personnel of the Nigerian Foreign Service in addition to non-residents (those not living in Nigeria) who derive income or profit from Nigeria. Under the new tax laws, the FG has even exempted members of the armed forces from paying income tax. So, the federal government cannot raise revenue from the income of civilians living in Nigeria as that is the exclusive preserve of the states.

Also, the fact that the tax laws exempted Nigerians earning below N800,000 per annum from income tax shows that the tax laws are not necessarily about raising revenues but reducing tax burden on Nigerians so that they can have more disposable income. The tax laws simply tried to focus on increasing tax compliance by the high income earners with the state governments being the ultimate beneficiary in any case.

4. WILL THE TAX LAWS STIFLE PRODUCTIVITY?

Definitely NOT!

The new tax laws are primarily meant to boost productivity and not stifle it. This is not difficult to prove. First, the wide range of exemptions for both individual taxpayers and small businesses clearly indicates an intention to bring relief to low income individuals and small businesses. Section 56 of the Nigeria Tax Act pegs the income (profit) tax rate for small businesses at 0%.

In section 147 (page 331) of the Nigeria Tax Administration Act, a small company is defined as a company with an annual gross turnover of N100m or less and with total fixed assets not exceeding N250m. This is basically 90% of businesses in Nigeria. A tax law that exempts over 90% of businesses in the country from paying profit tax cannot be stifling productivity under any circumstances!

In fact the same section 56 of the Nigeria Tax Act pegs the profit tax rate for larger companies at 30% with a proviso that this rate shall be REDUCED to 25% from a date to be determined in an order issued by the President on the advice of the National Economic Council. This provision was a compromise position reached to allay the fears of the Nigerian Governors Forum who felt the initial proposal to progressively reduce CIT for large companies to 25% by 2030 would likely reduce revenue inflows into the federation account since CIT revenue is shared by the three tiers of government.

The provision allows the eventual rate reduction to happen when the states (who are represented in the National Economic Council) are confident that such a reduction will not adversely impact on the federation revenue inflows. The Council will then advise the President to proclaim the order reducing CIT to 25%. If the new tax laws were to be anti-productivity, the company income tax rate would have been jerked up to above the 30% rate in the old Income Tax law.

CONCLUSION

From the foregoing, it is evidently clear that the income tax provisions in both the Nigeria Tax Act and the Nigeria Tax Administration Act are people-friendly, business-friendly, pro-poor and formulated to stimulate productivity by reducing the amount of money businesses pay as profit taxes or eliminating the profit tax entirely for small businesses. It is important that states through their tax authorities massively educate residents on the correct provisions of the tax laws especially as it pertains to income taxes.

As I conclude, I must emphasise that tax is an obligation that citizens owe their country. There is no valid excuse for any ELIGIBLE taxpayer, especially those who are not classified poor, to shy away from paying their fair share of taxes. This also applies to eligible corporate taxpayers. The new tax laws makes tax evasion more difficult and will bring many eligible taxpayers, hitherto avoiding taxes, into the tax net. As more high networth individuals and entities are captured in the tax net, they will have more motivation to demand for accountability from elected and appointed leaders across the three tiers of government who manage these tax revenues. This is potentially a very good news for accelerated national development.

Police said they have initiated investigations investigations into viral videos showing officers of Lagos Command tear-gassing students in Alakuko and an accident in Ikorodu injuring two people.

The command confirmed the probe in a statement posted on its X handle @LagosPoliceNG on Friday.

According to the post, Lagos Commissioner of Police, Mr Olohundare Jimoh has directed the Deputy Commissioner of Police, State Criminal Investigation Department (SCID), to conduct a thorough investigation into both incidents.

Jimoh condemned the unprofessional conduct seen in the Alakuko video, stressing that misuse of power and overzealousness by officers would not be tolerated.

He urged representatives of the victims in the Ikorodu accident to come forward with information to establish the facts and ensure justice.

The command assured the public that due process would be followed and any officer found culpable would face disciplinary action.

The Lagos police Command also reaffirmed their commitment to accountability and professionalism, urging residents to remain calm as investigations progress. (NAN)