Abydyn

Love for all, hatred for none

[Bola Ahmed Tinubu @officialABAT]

Dear Nigerians,

For many years, Nigeria has possessed some of the most promising deep offshore oil and gas resources in the world, yet several major developments have remained stalled. Oil lies beneath our waters. We have the engineers, businesses and young people capable of doing increasingly sophisticated work in the sector. What has often been missing is the certainty required for investors to commit billions of dollars, over many years, at the scale needed to turn that potential into production, jobs and opportunity for Nigerians.

We cannot afford to leave that opportunity beneath our waters for another decade.

I have therefore signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, to provide clear and predictable terms for a new generation of deep offshore investment in Nigeria.

The framework has the potential to unlock up to $50 billion in investment, beginning with the approximately $10 billion Bonga South West project. For existing deep offshore leases, there is a clear window to reach Final Investment Decision by 31 December 2029 and receive the full standard incentive available under the Order.

There is urgency to this work. Capital moves, and countries compete for it every day. The countries that attract long-term investment are not necessarily those with the greatest natural resources. They are the ones that provide the greatest certainty.

Nigeria must be one of those countries.

This Order marks the tenth major policy directive of my administration targeted specifically at the oil and gas sector. Each has dealt with a constraint holding back investment, production or value creation. Taken together, they represent a deliberate effort to make our oil and gas industry more competitive, attract capital back to Nigeria and ensure that more of the value created from our resources remains here at home.

But attracting investment is only half of my purpose.

I want the work that comes with these projects to come home to Nigeria. I want our engineers involved, our fabrication yards working, our marine and technical service companies securing contracts, and our young people acquiring skills that will remain valuable long after the first barrel is produced.

The Order reflects this priority. For projects accessing its supplementary incentives, activities are to be performed in Nigeria, subject to clearly defined exceptions and Nigerian Content requirements.

My ambition is that we use this new investment cycle to build Nigeria into Africa’s regional hub for deep offshore project execution. We should not only possess the resources. We should increasingly possess the skills, businesses and industrial capacity required to develop them.

When I engaged the Chief Executive Officer of Shell plc, Mr Wael Sawan, I directed my team to look beyond a solution for one company or one project. We needed a framework that could unlock a wider pipeline of investment while protecting Nigeria’s long-term interests.

That framework is now in place.

Ultimately, I will judge its success by what Nigerians see from it in terms of good jobs, stronger Nigerian businesses, greater production, increased revenues for the Federation and new capabilities built here at home.

Our natural resources must work harder for our people.

That is the purpose of this decision, and we will pursue it with urgency.

Nigeria First.

Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief of the Armed Forces
Federal Republic of Nigeria

[Senior Pst Okezie James Atañi. @Onsogbu]

Father Kukah have this to say...

[Bolaji Fesomade @MasterBolaji]

If you’re into finance and economics, do yourself a favour: listen a lot to Tinubu’s views on finance and economy. No one comes close.

I have about 40 clips of him on finance.

He’s a genius in finance, leadership and economics.

Also, consider doing an MBA; it will help!

[Obinna DikeEsse @obnna]

@ennyola0015 He discussed it here.

This is not;
Q: how will you make our oil sector more productive and profitable
A: You see, when I was Gov, I got a call by 2am that a pregnant woman was in Labour, I left everything I was doing and drove to the residence, I'll provide leadership.

[Iyalaya @lollylarry1]

I swear, na this man fit us for this country. Shebi we think say we get ogbaa ni, we don jam who get am pass us. 🤣🤣

I love you President Tinubu....🥰🥰

[Abydyn @Abydyn2]

Beautiful!!

[𝕾𝖎𝖗 𝕮𝖍𝖗𝖎𝖘 @eagleseyeinc]

first off, i’d pull her into a tight hug, laugh it off, smooch and kiss her then remind her she’s still my princess.

no fear or shouting, just love so she knows one mistake doesn’t change how i see her. then i’d take her with me to the repair shop, let her sit beside me while i talk to the mechanic, so she quietly sees how adults face problems and handle money in real life. after, i’d still treat her to something small she loves, maybe ice cream or a little gift she’s been wanting and also buy a drawing canvas for her.

when we get home, i’d sit her down and show her the repair bill, breaking it down simply so she understands that money pays for school, food and all her favorite things. not to scare her, just to connect actions with consequences. we’d end the day drawing together

and i’d tell her if she wants to leave daddy love notes or masterpieces. there’s a better canvas than the car, the one we bought earlier.

[Dédáyọ̀ Roots @DedayoRoots]

In 1879, a British/Scottish medical student named Robert Felkin watched an African healer in Uganda perform a caesarean section.

Clean incision. Banana wine as anaesthetic and antiseptic. Bleeding cauterised with hot iron. Wound closed with iron pins and herbal root paste.

Mother recovered fully. Baby survived.

Felkin noted in his journal that the technique was SO REFINED, it was clearly standard practice, performed routinely long before any European arrived.

At that same moment, hospitals in London and Edinburgh were still debating whether caesarean sections could ever be justified on a living woman.
European surgeons were operating in street clothes, rarely washing their hands, and losing most patients to post-operative infection.

The Africans had already solved anaesthesia, anti sepsis, haemostasis, and wound care.

Felkin went home and presented his findings to the Edinburgh Obstetrical Society in 1884.

The knife used in that surgery still exists.
It is now housed in the Science Museum in London.

A silent artifact of a surgical tradition they called primitive.

They didn't discover our medicine.
They witnessed it, wrote it down and forgot to mention where it came from.

[BSAT Properties @BSAT_Properties]

FRSC, VIO or Police who really has the Right to Check Driver’s Licence?

Stop Guessing let’s settle it today.

Everyday on major roads and cities one officer stops you. Tomorrow another one stops you.

Next tomorrow, one new uniform you’ve never seen before appears and says: “Show me your driver’s licence!”

Relax. Let me break it down for you

Not everybody wearing uniform has the power to check your driver’s licence.

The law is clear.

The powers are different.

Let’s settle this matter once and for all.

🥢 FRSC (Federal Road Safety Corps)

These ones have full legal power to check:

✔ Driver’s licence
✔ Vehicle documents
✔ Safety compliance
✔ Number plates
✔ Roadworthiness
✔ Speed violations

They enforce federal traffic laws. They can stop you, inspect your papers, and issue fines.

What they CANNOT do:

✔️They cannot impound your vehicle for personal reasons
✔️They cannot demand bribe
✔️They cannot forcefully seize your keys
✔️They cannot arrest you for non-criminal matters
Their job is road safety not harassment.

🥢 VIO (Vehicle Inspection Office)

These ones focus on the car itself, not you. Their job is mechanical inspection:

✔ Roadworthiness
✔ Vehicle condition
✔ Emissions
✔ Testing vehicles before issuing roadworthiness certificates

They CAN check vehicle documents related to the car's health BUT they cannot stop you on federal highways.

Their power is mostly within states and here’s the part most people don’t know, they do NOT have legal authority to demand your driver’s licence on public roads.

Driver’s licence is not their jurisdiction.

What they CANNOT do:

✔️They cannot chase your vehicle
✔️They cannot stand on highways checking licences
��️They cannot demand unrelated documents
✔️They cannot threaten arrest
They are inspectors not law enforcement.

🥢 NIGERIA POLICE FORCE

Police can legally:
✔ Request driver’s licence
✔ Check your identity
✔ Verify vehicle ownership
✔ Investigate stolen vehicles
✔ Enforce criminal offences on the road

Because driver’s licence is a means of identification, and police handle law enforcement generally.

But what they CANNOT do:

✔️ They cannot impose traffic fines
✔️ They cannot ask for money
✔️ They cannot seize your phone because of traffic stop
✔️ They cannot force you out of the car without cause
✔️They cannot impound your vehicle except for criminal suspicion

Their job is security not roadside extortion.

The Simple Summary (Save This):

🥢 FRSC → CAN check driver’s licence
🥢 Police → CAN check driver’s licence
🥢 VIO → CANNOT check driver’s licence

Different uniforms.
Different powers.
Different laws.
Stop allowing everyone on the road to intimidate you.

Know your rights.
Know their limits.
Know the law.
Arm yourself with knowledge,
not panic.

©️Confidence Aribibia

[JP Attueyi @jpattueyi]

Meet Seyi.

Salary: ₦500k/month.

He dated Funmi for a year before proposing.

The proposal was beautiful.
Elegant.
Thoughtful.
She said yes.
But Seyi felt the wedding had to be bigger.

He already had ₦5.5M saved.

Still… he felt he needed to top the proposal and make the wedding a talk of the town for years to come.

So he borrowed ₦4.5M to make it ₦10M.

Decor.
Aso-ebi.
Live band.
Luxury hall.
Professional MC.
Drone cameras.

The wedding was indeed the talk of the town.

Instagram loved it.
Twitter loved it.
Guests said:
“Best wedding this year.”
Two years later…
The marriage ended.
But the ₦4.5M loan is still active.
Every month, Seyi is still paying for a wedding
to a woman who is no longer his wife.

This is one of the most expensive mistakes young people make.

Borrowing money for a one day event.
Not for a business.
Not for an investment.
Just for impressions.

A wedding lasts one day.

The loan can last years.

Don’t be like Seyi.

Cut your coat according to your size.

Because the people you are trying to impress
will forget your wedding by next week.
But the bank will never forget the loan.

[Jerry Thornton @jerrythornton]

This is going to stick with me forever

[Yinka Ogunnubi @yinkanubi]

This is a good day to remind us that
- 100% of the PAYE and PIT you pay goes to your State
- 90% of the VAT you pay goes to States
- 26.7% of Companies Income Tax goes to States
- 26.7% of Petroleum Profit Tax goes to States and
- 20.6% of CIT and PPT goes to LG controlled by States

Happy New Year 🎊 😊

[Senior Pst Okezie James Atañi. @Onsogbu]

Kuda Bank has explained this new TAX LAW 2026 in LAYMAN'S terms...

If you don't understand this as simplified as it is then it means you are DELIBERATELY dumb.

If you continue to peddle FALSEHOOD after reading this the it means FALSEHOOD will be your end

[Woye @woye1]

Nigeria Tax Act 2025: No physical card is needed for TAX ID CARD.

2: get your Tax ID card: https://t.co/qI4bC6wL95

[القرآن @Quranconnect_]

A Sheikh was asked to summarize Quran in just 2 minutes. His summary …😍❤️

[Qur'ān @Tilawatulquran]

A true story from a first wife’s journey in a polygamous marriage ❤️

🧵:

#/7

[ProfitableMan @ProfitableMan1]

I spent 7 years analyzing the Nigerian market and advising everyday people.

I have seen salaries rise, banks crash, and the naira dance.

Here are the 11 most important lessons I learned about money in Nigeria.

[Slim @onu_slim]

How Nigerians Will Pay Taxes From 2026. Read Carefully.

From January 1, 2026, Nigeria’s tax system will change completely.
Not theory. Not grammar.
Real money implications for everyone.

Salary earners. Business owners. Freelancers. Traders. Informal sector.

Let me break it down with numbers

Nigeria is collapsing multiple old tax laws into one unified system.
Manual filing is dying.
Digital tax compliance is taking over.

Tax administration moves from the Federal Inland Revenue Service to the Nigeria Revenue Service, built around automation and data tracking.

Personal Income Tax (Salary Earners)

Under the new policy, low-income earners are protected.

Example 1:
If you earn N80,000 per month
That is N960,000 per year

Since it’s above N800,000 you will pay zero tax depending on reliefs.

Example 2:
If you earn N250,000 per month
That is N3,000,000 per year

Your tax is calculated progressively.
You do not pay the same rate on all the money.
Higher portions are taxed higher, lower portions lower.

PAYE still applies. Your employer deducts monthly and remits digitally.

TIN Is Now Mandatory

If you earn income, you must have a Tax Identification Number.

Example:
Salary of N150,000 monthly
Freelance income of N50,000 monthly
Total income N200,000

TIN is compulsory.
Without it, accessing certain financial and government services becomes difficult.

Now Business Owners and Companies

Small businesses are protected.

Example 1:
Business turnover N15 million per year
You may qualify for tax exemption or very low tax.

Example 2:
Business turnover N120 million per year
Corporate tax applies at standardized rates.
Multiple small levies are merged into fewer obligations.

Instead of paying 5 different agencies, you deal with one clear system.

VAT Explained Simply

VAT still exists, but essentials are protected.

Example:
If you buy food items worth N10,000
VAT may be zero-rated

If you sell electronics worth N100,000
VAT applies and must be remitted digitally.

Businesses collect VAT, not consumers directly.

Also for some of you earning on X or online incomes, (digital Income and Freelancers)

If you earn online, you are now clearly taxable.

Example:
You earn N500,000 monthly from freelance work
That is N6,000,000 yearly

You are expected to declare it.
Tax is calculated after allowable reliefs.

Earning in dollars does not remove tax responsibility.

Also, Capital Gains Example

You bought land for N5 million
You sold it for N12 million

Capital gain N7 million
This gain falls under taxable income rules.

Informal Sector and Presumptive Tax

This is where many people will feel it.

Example:
You run a shop in a busy market
Estimated monthly sales N300,000

Tax may be assessed based on location, shop size, and activity
Not full accounting books.

Registering your business gives you clearer rules and possible exemptions.

Enforcement Is Data-Based

Banks and payment platforms share transaction data within legal limits.

Example:
Declared income N1.2 million yearly
But account inflow shows N8 million

That gap triggers questions.

Late filing attracts penalties.
Non-registration attracts penalties.
False declaration attracts penalties.

Reliefs Still Exist

Example:
Small business employs 5 people
Certain employment-related deductions apply.

Low-income earners are shielded.
Small businesses are encouraged.
Productive activity is rewarded.

What You Should Do Now

- Get your TIN.
- Track basic income and expenses.
- Formalize your business if you have one.
- Understand which taxes apply to you.

The 2026 tax reform ends Nigeria’s old informal tax culture.

Taxes become easier to pay.
Harder to avoid.
And more visible.

Prepare early. Ignore later at your own risk.

Save this. Share it.

[Abu bakar @abbkar_ai]

This is how Nigerians will understand the new tax law in a simple way:

1.Anyone who earns less than ₦800,000 per year will not pay tax.
2.Anyone who earns ₦800,000 to ₦3,000,000 will pay tax at 15%.

•15% of ₦2,000,000 = ₦300,000
•15% of ₦3,000,000 = ₦450,000

3.Anyone who earns ₦3,000,000 to ₦12,000,000 will pay tax at 18%.

•18% of ₦5,000,000 = ₦900,000
•18% of ₦10,000,000 = ₦1,800,000

4.Anyone who earns ₦12,000,000 to ₦25,000,000 will pay tax at 21%.

•21% of ₦20,000,000 = ₦4,200,000
•21% of ₦25,000,000 = ₦5,250,000

5.Anyone who earns ₦25,000,000 to ₦50,000,000 will pay tax at 23%.

•23% of ₦30,000,000 = ₦6,900,000
•23% of ₦50,000,000 = ₦11,500,000

6.Anyone who earns ₦50,000,000 and above will pay tax at 25%.

[Woye @woye1]

TAX EDUCATION:

Question: Are crypto gains Taxable?

-(a): Answer: yes. Profits from crypto assets, NFTs and other digital assets are taxable.

2: Question: Who is exempt from Personal Income Tax?

-(a): Answer: Individuals earning the National Minimum Wage or less, and those earning below N800,000 annually.

3: Question: will severance packages be taxed?

-(a): Answer: Severance pay of N50 million or less is TAX -Free. Any excess above N50 million +1 will be taxed using the progressive bands.

4: Question: Will Nigeria tax dividends or rent earned abroad?

-(a): Answer: NO. Dividends, interest, rent and royalties earned Abroad are exempt if repatriated to Nigeria via approved banking channels.

5: Question: is Income from FG or state bonds taxable?

-(a): No. all government bonds are tax exempt.

6: Question: Will agricultural companies be taxed?

-(a): Answer: No. agricultural companies engaged in crop production, livestock, forestry, dairy or cocoa processing will enjoy a 5 year tax holiday from Jan 1, 2026 @Origintechng @OlamAgri_ @AgbeyewaFarms @nadfng @NGfmafs

[Woye @woye1]

TAX EDUCATION part 2: January 1, 2026

New Progressive Tax Bands:

-(a): first N800,000-: 0 %

-(b): Next N2.2 million-: 15%

- (c): Next N9m- : 18%

-(d): Next N13m-: 21%

-(e): next N25m-: 23%

-(f): Above N50m-: 25%

2: Question: I earn N6 million yearly. Will I be better off?

-(a): Answer: Under the new law, tax payable from N896,000 to N780,000, resulting in savings of N116,000 and higher take home pay.

3: If my company turnover is below N50 million, Will I pay tax?

-(a): Answer: No, small companies with a turnover N50m are exempt.

4: Question: As a remote Worker in Nigeria for an international organization, will I pay tax?

-(a): Answer: Yes. If your income is exempt in the organization’s home country under a treaty or diplomatic arrangement.

5: Question: Will a foreigner earning salary in Nigeria be taxed.

-(a): Answer: No.