Connect with us

Headlines

Labour Threatens to Shut Down Economy, Plans Strike

Published

on

The Nigeria Labour Congress and its affiliate unions on Tuesday defied warnings by the Federal Government and took to the streets of major cities in the country to protest against the failure of the Federal Government to resolve the five-month strike by the Academic Staff Union of Universities.

Specifically, the NLC said the money the two major political parties – the All Progressives Congress and the Peoples Democratic Party – generated from the sale of forms to aspirants could address ASUU’s demands.

In Akwa Ibom, Uche Nweke who represented the NLC National Chairman, Ayuba Wabba, faulted excuses that there were no funds to meet the demands of the university workers.

“The money the two major parties realised from the sale of nomination forms would be enough to put ASUU, universities on their feet. We the Nigerian workers are the most understanding people. We call on the national leadership to listen to voice of reason, whatever it takes they should send our children back to school” he said

Apart from Akwa Ibom, other states which witnessed protests included Oyo, Osun, Ogun, Kwara, Enugu, Benue, Sokoto, Lagos and Plateau.

The Minister of Labour and Employment, Dr. Chris Ngige, last week had claimed that a security report also sent to his office by the Department of State Services, strongly warned against holding the protest.

Also, Ngige had in an interview with Channels Television in March said government did not have money to meet ASUU’s demands, which included revitalisation funds for universities.

He stated, “The N1.3trillion you are talking about was promised by the (Goodluck) Jonathan government. Oil was selling between $100 to $120 per barrel then and the revenue of the federation was rich.”

However, the unionists expressed their anger over the Federal Government’s inability to address their grievances, adding that it had become necessary for the current government to leave.

The university lecturers had shut down public institutions on February 14 over the inability of the Federal Government to implement the agreements it made with ASUU in 2009 as well as the refusal of the current administration to exempt lecturers from the Integrated Payroll and Personnel Information System.

ASUU had also asked the government to increase funding of tertiary institutions and pay outstanding allowances.

The NLC president during a chat with journalists in Uyo, Akwa-Ibom, had earlier said the protest would be against government actions that led to the strike.

On Tuesday, labour union members, National Union of Air Transport Employees and Association of Nigerian Aviation Professionals, civil society groups, and other affiliate unions  gathered under the Ikeja Bridge in Lagos causing traffic congestion.

The teeming protesters expressed their concerns in songs and placards, some of which read; “Stop importation of petrol. Revive the refineries”; “IPPIS destroys our refineries. Adopt UTAS now”; “Reduce the cost of governance. Save the masses from poverty and hunger”; “Stop the looting”, “Tax the rich and subsidise the poor”; among others.

The Lagos NLC Chairman, Agnes Sessi, accused the Federal Government of neglecting education.

“It’s been almost a year. Our children are still at home. An idle hand is the devil’s workshop. Children who are not engaged will become internet fraudsters and prostitutes,” she added.

Human rights lawyer, Mr. Femi Falana (SAN), who also took part in the protest, asked the Federal Government to invest the recovered loot in education.

“We are telling the government, enough is enough. Let them stop deceiving our people, they have money. Buhari should collect money from 10 looters to resolve this problem. Just last week, one of them stole N119bn and others have stolen more.

“In Abuja, they are using dollars to pay delegates and are distributing millions of dollars under the Central Bank of Nigeria’s watch.”

Falana said rather than stay at home to fix the country’s problems, the President, Major General Muhammadu Buhari (retd.), continued to engage in irrelevant travel like his recent trip to Liberia.

Also speaking, ASUU Zonal chairman, Dr Adelaja Odukoya, said Nigerians must join hands to force the government’s hand.

The protesters, who marched from the Ikeja Bridge to the Lagos State Governor’s office, submitted a letter – which contained all their demands – to the governor

The Commissioner for Establishments, Training and Pensions, Mrs Ponle Ajibola, received the letter from NLC Chairman, on behalf of the Lagos State Governor, Babajide Sanwo-Olu.

Others who took part in the protest were: The Joint Action Committee of the Senior Staff Association of Nigerian Universities and Non-Academic Staff Union of Allied and Educational Institutions, Nigeria Union of Teachers, The Radio, Television, Theatre and Arts Workers’ Union of Nigeria and other affiliate unions of NLC were at the protest.

The Punch

Continue Reading
Advertisement


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Insecurity: Adeboye, Oyedepo Urge More US Military Action in Nigeria

Published

on

The General Overseer of Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, and Founder of Living Faith Church Worldwide, Bishop David Oyedepo, have thanked U.S. President Donald Trump for recent military action against terrorism in Nigeria, urging Washington to do more to halt the unrelenting attacks.

Both clerics spoke at the “Faith Heroes Award Gala” in Washington D.C. on June 26, 2026, organised by Save Nigeria Group USA, SNGUSA, with the US-Nigeria Civil Society Coalition.

The event honoured Trump, Congressmen Chris Smith and Riley Moore, and other advocates of religious freedom in Nigeria.

Addressing a packed audience of activists, policymakers and faith leaders at the Hilton Garden Inn, Capitol Hill, Adeboye said the scale of violence has moved beyond what any religious leader can handle alone.

“Terrorism is now at my doorstep,” he said. “If you want to help us, help us more.”

The RCCG leader, who had faced criticism for not speaking out earlier, said he chose “spiritual warfare” instead of public escalation. He noted that Trump’s December strikes on terrorist camps did not surprise him because the U.S. President had warned of consequences.

Continue Reading

Headlines

Nigeria Needs More Taxpayers, Not Higher Taxes, Says Finance Minister Taiwo Oyedele

Published

on

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Thursday said Nigeria’s revenue challenge lies in expanding the tax net rather than increasing tax rates, stressing that the country needs more taxpayers, not higher taxes.

Oyedele spoke in Abuja while receiving the leadership of the Chartered Institute of Taxation of Nigeria during a courtesy visit to the Federal Ministry of Finance at the end of the Institute’s maiden National Tax Awareness Day, which featured a road walk and taxpayer sensitisation at Wuse Market as well as a visit to the headquarters of the Nigerian Revenue Service.

The awareness campaign coincided with one year since President Bola Tinubu signed Nigeria’s landmark Tax Reform Acts into law on June 26, 2025.

Commending the Institute for supporting the Federal Government’s tax reform agenda, Oyedele said public misunderstanding of taxation remained one of the biggest obstacles to improving compliance. According to him, many Nigerians still believe that whenever the government talks about taxation, it is simply seeking to collect more money from citizens.

“We are still not getting enough revenue from taxes; it is not about increasing taxes, but making sure that those who are supposed to pay taxes pay.

We want to promote fairness in tax administration,” he said.

The minister added that getting Nigeria’s tax system right would have a transformative impact on national development. He also urged the Institute to establish annual awards to recognise the country’s most compliant taxpayers as a way of encouraging voluntary tax compliance.

Earlier, the tax awareness campaign commenced at Wuse Market, where the 17th President of the Chartered Institute of Taxation of Nigeria, Innocent Ohagwa, said the initiative was introduced to bridge the information gap surrounding the country’s tax reforms and improve voluntary compliance.

He explained that although the reforms had been in force for one year, many Nigerians were still uncertain about the changes and how they would affect businesses and individuals.

“The laws have been signed, implementation has begun, yet many taxpayers and stakeholders are still grappling with what has changed, what remains the same, and how these provisions affect their businesses and personal affairs,” he said.

According to Ohagwa, widespread misconceptions have continued to fuel anxiety, with some people believing the reforms introduced new taxes across all aspects of economic activity, while others assume they were designed solely to raise government revenue.

He, however, said the reforms contain significant reliefs and incentives for both individuals and businesses. Among the benefits, he said, individuals can now claim rent relief of up to 20 per cent of annual rent paid, subject to a maximum of N500,000, while essential goods and services, including food, education, healthcare, electricity transmission, and non-oil exports, now enjoy zero-rated Value Added Tax treatment.

He added that compensation for loss of employment or personal injury now attracts higher tax exemption thresholds. For businesses, Ohagwa said companies with annual turnover not exceeding N100m and fixed assets of not more than N250m are exempt from Companies Income Tax, Capital Gains Tax, and the Development Levy.

“This means thousands of small businesses can now reinvest in growth, job creation, and innovation,” he said.

He added that targeted tax incentives had also been introduced for agriculture, aquaculture, dairy production, cocoa processing, and animal feed manufacturing, while eligible investors could benefit from tax credits under the Economic Development Incentive.

Despite the incentives, the CITN president reminded taxpayers that compliance remained a legal obligation.

“Compliance is not a burden; it is a civic duty. It is our collective contribution to nation-building. And taxation works best when there is trust — taxpayers must fulfil their obligations, while the government must uphold accountability, transparency and the effective use of public resources,” he said.

He urged traders, entrepreneurs, and business owners to obtain Tax Identification Numbers, keep proper records, file accurate returns on time, and seek professional guidance from the Nigerian Revenue Service, the FCT Internal Revenue Service, or members of the Institute whenever necessary.

Explaining the rationale for the awareness campaign, Ohagwa said the Institute approved an annual National Tax Awareness Day after observing that many Nigerians remained uninformed about the reforms despite ongoing sensitisation.

He said Wuse Market was deliberately chosen because it represented one of the country’s key grassroots commercial hubs where taxpayer education was most needed, adding that the campaign was held in June because it coincides with the peak filing period for many corporate taxpayers.

After the market sensitisation, the CITN delegation proceeded to the headquarters of the Nigerian Revenue Service, where both organisations reaffirmed their commitment to strengthening tax awareness, voluntary compliance, and the implementation of Nigeria’s tax reforms.

Receiving the delegation on behalf of the Executive Chairman of the NRS, Dr Zacch Adedeji, the Executive Director, Finance and Corporate Services, Mohammed Abubakar, described the occasion as significant because it marked one year since the signing of the country’s landmark tax reform legislation.

“That historic milestone signalled the beginning of a new era in Nigeria’s tax administration, one anchored on simplicity, fairness, transparency, efficiency, and service delivery,” he said.

According to Abubakar, the reforms are intended to build a tax administration system that is trusted, technology-driven, and responsive to the needs of taxpayers and businesses.

He added that sustainable revenue mobilisation depends not only on enforcement but also on public awareness and confidence in tax institutions. “Taxpayers are more likely to comply when they understand their obligations, appreciate the value of taxation and have confidence in the institutions administering our tax laws,” he said.

The visit also highlighted the Service’s digital transformation agenda, with officials pointing to initiatives such as Rev360 and other technology-driven platforms aimed at delivering more efficient tax administration.

Also speaking, the Group Director, Medium Tax Group, Dr Gbenga Daniel, said the NRS would continue collaborating with professional bodies to deepen taxpayer education and improve service delivery.

“The Nigerian Revenue Service values its longstanding partnership with CITN. Together, our institutions share a common vision of improving tax administration and fostering voluntary compliance for national development,” he said.

The reception brought together Executive Directors of the NRS, members of the CITN Governing Council, senior management staff, tax professionals, and industry stakeholders before the delegation proceeded to the Federal Ministry of Finance for the courtesy visit, where Oyedele urged Nigerians to embrace the country’s evolving tax system through greater compliance rather than misconceptions about higher taxation.

In June 2025, President Bola Tinubu signed four sweeping tax reform bills into law, including the Nigeria Tax Act and related statutes that together overhaul decades-old tax statutes and modernise the country’s tax system.

The Punch

Continue Reading

Headlines

Trump Declares Trade War on Nations Imposing Digital Tax on US Tech Firms

Published

on

U.S. President, Donald Trump, has threatened to impose a 100 per cent tariff on imports from any country that introduces a digital services tax (DST) targeting American technology companies.

In a statement posted on his Truth Social platform on Friday, Trump warned that countries introducing or maintaining digital services taxes on U.S. tech firms would face immediate retaliatory tariffs on all goods exported to the United States.

“Any country that imposes such a Tax will immediately be met with a 100% TARIFF on any Goods sent to the United States of America,” Trump declared, insisting that digital services taxes unfairly single out American businesses and undermine U.S. economic interests.

The latest warning is aimed primarily at several European countries that have adopted or are considering digital services taxes on multinational technology companies such as Apple, Google, Meta, Amazon, and Microsoft.

Washington has long argued that such taxes disproportionately target U.S.-based firms while discriminating against American innovation.

Trump also asserted that the proposed 100 per cent tariff would supersede existing and future trade agreements, signalling a more confrontational trade policy if countries proceed with taxing revenues generated by U.S. technology giants within their borders.

France became the first major economy to introduce a digital services tax in 2019, prompting repeated threats of retaliatory tariffs from Washington.

Other countries, including the United Kingdom, Italy, Spain, Austria, and Canada, have either implemented or proposed similar measures while negotiations continue under the Organisation for Economic Co-operation and Development (OECD) to establish a global framework for taxing multinational corporations.

The OECD’s two-pillar international tax agreement was designed to reduce unilateral digital taxes by allocating a greater share of multinational profits to countries where earnings are earned while establishing a global minimum corporate tax

Continue Reading