Iran built its steel industry despite 47 years of sanctions.
Nigeria without any sanction have failed to build its steel industry.
Iranian leaders are selfless, Nigerian rulers are criminally corrupt and grossly incompetent.
BREAKING‼️From New York to Los Angeles, Washington DC, Boston, San Francisco,Detroit, Phoenix, Minneapolis, and Kansas City: More than 100 major U.S. cities are rising up in massive protests against Trump's military intervention in Venezuela!
THE PEOPLE’S TAX BILLS
The tax reform bills before the National Assembly are aimed at economic transformation to empower Nigerians and facilitate inclusive economic growth.
The bills are: the -
1) Nigeria Tax Bill - harmonises all the major taxes such as corporate income tax, personal income tax, VAT etc
2) Nigeria Tax Administration Bill - provides a framework for tax management covering taxpayer identification, registration, assessment, collection, enforcement, etc
3) Nigeria Revenue Service (Establishment) Bill - seeks to replace the FIRS with the NRS to perform a broader role of revenue administration in Nigeria and drive collaboration with subnational governments and MDAs.
4) Joint Revenue Board (Establishment) Bill - to transform the JTB to JRB with an expanded mandate and enhanced role for cooperation and tax harmonisation. The bill also sets up the office of the tax ombudsman to protect taxpayers and advocate for tax simplification.
Altogether, the bills offer a comprehensive overhaul of the nation’s tax framework to drive economic growth, support Nigerian households, and position the country as a competitive economy within the comity of nations. These reforms reflect a commitment to equity, efficiency, and sustainable development.
KEY HIGHLIGHTS OF THE BILLS INCLUDE:
1. Empowering the Youths with Digital Economy Opportunities: Changes to income tax laws that will attract remote work opportunities in the global business process outsourcing (BPO) sector, enabling Nigerian youths to thrive in the digital economy.
2. Boosting Exports: Goods, services, and intellectual property exports will benefit from zero-rated VAT and other incentives to enhance Nigeria’s global trade competitiveness.
3. Support for Small Businesses: Tax exemptions, including 0% corporate income tax, VAT, and withholding tax, will apply to small businesses with annual turnover of N50 million or less.
4. Relief for Workers and Households: Minimum wage earners will be exempt from PAYE (personal income tax), while over 90% of workers across the private and public sectors will see a reduced tax burden. Essential items such as food, education, healthcare will enjoy 0% VAT while rent, public transportation, and renewable energy will be exempted, providing relief for low-income households that spend nearly 100% of their income on these necessities.
5. Simplifying and Rationalising Taxes: Over 50 nuisance taxes are to be repealed, with remaining levies harmonised into a few number of taxes. Corporate income tax rates will reduce from 30% to 25% over the next two years, and earmarked taxes on companies will be replaced with a streamlined single levy.
6. Enhancing Business Competitiveness: Businesses will benefit from input VAT credits on assets and services, eliminating the minimum tax on loss-making and low-margin companies. This will lower production costs and stimulate investment.
7. Fairer Tax System for All: A redesigned tax framework will ensure progressive personal income tax, VAT, and capital gains tax while safeguarding low-income earners. Taxes on foreign currency-denominated transactions will be payable in naira, easing compliance for businesses and reducing pressure on the exchange rate.
8. Equity Among States: VAT revenue will be distributed among states based on an equitable model to reward economic contributions, rather than the current model which is skewed in favour of states with head office locations where VAT remittances are usually made.
9. Taxpayer Advocacy and Transparency: The introduction of Tax Ombudsman to improve the tax system by protecting vulnerable taxpayers and advocating for fairness.
10. A New National Fiscal Policy: A strategic framework for fair taxation, responsible borrowing, and sustainable spending will be established to guide the fiscal system.
These tax reforms aim to alleviate the rising cost of living, foster economic equity, and create a business-friendly environment to attract local and foreign investments. All tiers and arms of government are committed to driving inclusive growth and ensuring that all Nigerians benefit from a prosperous economy.
Copies of the bills are available here: https://t.co/kYReb4p0je
Support the tax reform bills, help build a better Nigeria!
#isupportthetaxbills #forabetternigeria
Na big honor for France, dear President Bola Tinubu @officialABAT, to welcome you for dis State visit as one big partner and friend of today and tomorrow.
E still dey sweet me well well as I remember say I be young intern for French Embassy for Nigeria that time.
AWỌN OLÙGBÉ ÌPÍNLÈ ÈKÓ PÈ FÚN ÌPÀDÉ, BÍ ÌJỌBA ÌPÍNLẸ̀ ÈKÓ ṢE SÍ ATẸ ÈTÒ TUNTUN TÍ WỌN LÈ GBÀ SỌRỌ
Àwọn Olùgbé Ìpínlè Èkó pè fún Apero, bí Ìjọba Ìpínlẹ̀ Èkó ṣe ṣètò àwọn Nọmba ẹrọ ibanisọrọ mẹta t'awọn aráàlú lè pe sí tí wọn yóò tún bá àwọn oṣiṣẹ Ọba sọrọ.
Àwọn Nọmba ẹrọ ibanisọrọ métèèta jẹ tí Ilé -Ise tó n mojuto Òrò awọn Ọdọ àti Ìdàgbàsókè àwọn ohun igbafe, awọn Nọ́mbà náà ni (+2347077178295), Ilé -Ise Ìròyìn àti Ọgbọn Atinuda ní,(+2348119655788) Nọ́mbà ẹrọ ibanisọrọ Ofiisi tó n mojuto Òrò ètò Òsèlú, Ẹka Isofin àti Ọrọ awọn aráàlú ni (+2348025224347).
Laarin wákàtí Merinlelogun tí wọn sí àwọn Nọmba ìpè ẹrọ ibanisọrọ náà, o le ní igba àwọn aráàlú tí wọn ti pe s'awọn ilé-iṣẹ́ métèèta náà. Awọn èèyàn tí pe ni wọn sọrọ nípa àlàáfíà tí o j'ọba lásìkò ifehonu hàn tí o wáyé láì pé, N'ipinle Yìí, wá rọ, Gómìnà Babajide Sanwó-Olu pé kí wọ́n jẹ k'awọn ètò tí wọn n ṣe tunbo máa tẹsiwaju, l'ojuna àti dín ìnira t'awọn aráàlú n kojú kù.
Ohun tí o l'eke nínú nnkan tí wọn fẹ ní ìdápadà ọjà Àìkú tí wọn n ṣe, ìyẹn "Ounjẹ Èkó" tí wọn n ṣe káàkiri Ìpínlè yìí; iko Meedogbon nínú ida ogorun tí wọn yọ kúrò nínú owó ọkọ si wà sibẹ àti ètò ìlera ọfẹ kò gbẹyin.
Ọkan lára àwọn Olùgbé Ìpínlè yìí ra owó ebe sí, Gómìnà Babajide Sanwó-Olu pé kí wọ́n dá adinku owó ọkọ BRT padà. Irinajo láti agbègbè Ipaja nínú ọkọ BRT tí wọn dinku láti Ẹgbẹrin Náírà, ìyẹn ₦800, di Ẹgbẹta Náírà, ìyẹn ₦600, tún tí padà sí Ẹgbẹrin Náírà bayii, inú wa yóò dun bí Gómìnà bá lè pàṣẹ f'awon alakoso ọkọ BRT kí wọ́n dín owó náà kù padà. Èyí yóò jẹ k'owo ọkọ r'oju.
Akékòó kan láti Ilé Ẹkọ G��ga Fasiti Ìpínlè Èkìtì, Ayomide Olarinmoye, bèrè nípa owó T'ijoba Àpapọ fẹ fún àwọn akékòó.
Nkechi Ajubike sọrọ nípa ebi tó n b'awọn aráàlú finra, wá mú amoran wà nípa àwọn ohun tí wọn lè ṣe f'odindi oṣù mẹ́fà tí yóò dín ìnira ètò ọrọ Ajé t'awọn aráàlú n kojú kù.
Ewe, Komisona Ìròyìn àti Ọgbọn Atinuda, Ògbéni Gbenga Omotoso sọ pé, bo ṣe ye kí o rí nìyẹn. Ìpínlè Èkó Nìyí. A o fayegba Àpérò bóri Rogbodiyan, l'eyii tí kìí ṣe ònà wa.
Komisona náà tẹnumọ pé, ìṣàkóso Ìjọba Gómìnà Sanwó-Olu yóò tunbo máa gbé agbára wọ̀ awọn odo at'awọn akékòó nípa ṣíṣe ìdánilékòó fún wọn, yóò tún pèsè àwọn ohun èlò iṣẹ f'awon tí wọn bá fẹ s'owo.
"Ètò biba awọn ọdọ sọrọ yóò di àlàfo tí o wà láàárín àwọn ọdọ àti awọn tó n ṣàkóso Ìjọba" Ògbéni Omotoso sọrọ yìí.
#Agbega Ìpínlè Èkó Ajumọṣe Gbogbo wa ni
#Ijoba Ìpínlè Èkó.
@jidesanwoolu @drobafemihamzat @gbenga_omo @gboyegaakosile @BSaluHundeyin @Mr_JAGs
@Mo_ogunlende
#LASG #AGreaterLagosRising
PROTEST APPEAL:
“Let nobody misinform and miseducate you about your country or tell you that your government does not care about you. Although there have been many dashed hopes in the past, we are in a new era of Renewed Hope. We are working hard for you, and the results will soon be visible and concrete for everyone to see, feel, and enjoy. Let us work together to build a brighter future for ourselves and for generations to come. Let us choose hope over fear, unity over division, and progress over stagnation. The economy is recovering; Please, don’t shut out its oxygen. Now that we have been enjoying democratic”
— President @officialABAT 🇳🇬🥇
YORUBA IN PORT HARCOURT AND RIVERS STATE POLITICS
I have effectively followed the political happenings and elections in Rivers State since 1999 till date. Throughout this period of about 24 years, never for once have I seen the “Yoruba interference” in the politics of Rivers State.
It’s no longer news that the Yoruba people have a high population in the State, a population comprising of different professionals contributing positively to the growth and economy of Port Harcourt and Rivers State.
But with their valued contributions to the economy of the State and high population in the area, the Yorubas never brag about their accomplishments, achievements and establishments in the City and never uses same to denigrate their host communities and boast that they will determine the political future of their landlords and choose who becomes their next lawmakers and Governor of the State. They don’t even print campaign posters and contest elections in the State, even when they are at liberty to.
I have never seen the Yorubas engage in tactless political activities in Rivers State or making reckless political statements during local elections in the State or anywhere outside South-West, Nigeria. Also, I have never seen them brag that they made a candidate win an election in Rivers State or anywhere outside SW. even when they obviously contributed.
During elections in Rivers State, the Yorubas who are registered to vote comport themselves, mind their business throughout the campaign period and go to their polling units to cast their votes for their preferred candidates and quietly leave their polling units after doing so. In fact, the only time you will see Yoruba people during campaigns here is when political parties or candidates have called the Yoruba community for a campaign meeting to seek for their votes and support.
This behaviour of one of the most industrious, respected and celebrated ethnic group in the world is possible not just because they are one of the most educated people in Nigeria, but also, because they have a culture of respect imbibed in all sons and daughters of Yoruba in and outside Yoruba land, the culture of respect called Omoluabi.
Throughout my years of political participation and observation in Rivers State, the attitude of the Yorubas in Port Harcourt is the direct opposite of that of some others who not only behave like lost and uncivilized entities without any form of education and culture, but are also brash, tactless, reckless, noisy, disrespectful and boastful. Who after selling fake oraimo cords in one kiosk at Rebisi, always brag about the imaginary powers they have as tenants to determine for their landlord, how and when he should impregnate his wife. A true definition of uninvited tombofly and meddlesome interloper.
As a man of independent thoughts who is also cultured (by virtue of being an Ikwerre man) and appreciates good things, I must commend the Yoruba people for maintaining high standards of respect for others and promoting the principles of Omoluabi. Nigeria would be a better place if we all promote our uniqueness and respect our differences.
Dear Yoruba people, please keep it up, you have my respect ✊🏾
Nwo Diali 🖊️
01 - 05 - 2024
“For me, the greatest miracle of chess is in the inate ability of a pawn (the least valuable piece) to become a queen (The most powerful piece).” - Tunde Onakoya
You have consistently exemplified one of life’s biggest ironies: that attaining a life of significance comes from serving the least significant among us.
Congratulations Tunde on this monumental feat, and on the continuing phenomenal achievements of Chess in Slums Africa @chessinslums .
Congratulations to Chess Master Tunde Onakoya @Tunde_OD on breaking the Guinness World Record for the longest Chess Marathon, playing for 60hrs and winning every match.
Your story is amazing and inspiring.
This is what the mantra of the Renewed Hope Agenda is all about. Our youth have a lot to offer and should continue to strive for excellence. The future is indeed very bright.
Your resolve to use your prize money to pursue the course of educating others who are not so privileged acquire formal education is commendable.
I am proud of you and Nigeria is proud of you.
God Bless you, Tunde.
God Bless the Federal Republic of Nigeria