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Tax Reform, crucial step to achieve $1trn economy -Senate

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President Bola Ahmed Tinubu

By Abdul-Ganiyy Akanbi

Chairman, Senate Committee on Finance, Senator Sani Musa, has said that the Tax Reform legislation is a crucial step towards enabling Nigeria under President Bola Tinubu administration to achieve the planned $1 trillion economy in the country.

President Tinubu had on May 29, 2023 declared that his administration’s is aiming to grow the size of the Nigeria’s economy to $1 trillion by 2030.

The Senate organised a two-day public hearing between Monday, February 24 and Tuesday 25 on the four bills forwarded by President Bola Tinubu to the National Assembly on October 3, 2024 to overhaul tax administration and revenue generation in the country.

They are the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.

Speaking to journalists on Tuesday in Abuja, Senator Musa assured that all viewpoints of stakeholders on the Tax Reform Bills would be considered in order to create a legislation that is practicable and beneficial to the people.

He said: “Mr. President has set a vision for Nigeria to achieve a $1 trillion economy. This legislation is a crucial step toward that goal. However, this law must go beyond the current administration and remain relevant for future governments. We are committed to creating a framework that will stand the test of time and reflect the true needs of Nigerians.”

On the legislative process on the bills, Senator Musa disclosed that the Senate would organise a three-day retreat after the public hearing where experts would be involved to engage with the Office of the Attorney General of the Federation to ensure that the proposed law aligns with the Nigerian Constitution.

He said: “Everyone who attended (the public hearing) and wanted to speak was given the opportunity to do so. We have seen many contributions in alignment with Mr. President’s proposals to the National Assembly, while a few others have expressed differing opinions.

“All viewpoints will be considered, ensuring that we create legislation that is practical and beneficial to the country.”

On reviewing submissions and next steps, he said: “We are carefully reviewing all submissions and memoranda presented. Every contribution has been recorded, and after today, we will hold a three-day retreat. During this retreat, we will consult with experts and engage with the Office of the Attorney General of the Federation to ensure that the proposed law aligns with the Nigerian Constitution.”

Senator Musa, who represents Niger East Senatorial District on the platform of All Progressives Congress, APC, added that his committee was considering all recommendations of stakeholders, including those from the chairman, Revenue Mobilization, Allocations and Fiscal Commission, RMAFC, Mohammed Usman and the Nigerian Governors’ Forum, NGF.

“We are carefully reviewing all submissions and memoranda presented. Every contribution has been recorded, and after today, we will hold a three-day retreat. During this retreat, we will consult with experts and engage with the Office of the Attorney General of the Federation to ensure that the proposed law aligns with the Nigerian Constitution.

“Our focus is not on who made the presentation, but on what will be acceptable to all Nigerians and all regions. Our goal is to craft a law that is effective and sustainable,” he stressed.

Business & Economy

NEITI Report : Senate gives Seplat , Network E & P , others , 48 hours ultimatum ….As Dubri oil defends $3.025million royalty and gas flare debts

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Senate President Godswill Akpabio

By George Mgbeleke

Foĺlowing the on-going efforts by the Senate to recover all unaccounted funds by revenue generating Agencies of government, the Red chamber on Tuesday through its Public Accounts Committee , gave Seplat Energy , Network E & P Nigeria Limited and two other oil companies , 48 hours to appear before it to answer queries raised against them in the 2021, 2022 and 2023 audit reports presented by Nigeria Extractive Industries Transparency Initiative ( NEITI) .

The two other oil companies given similar 48 hours ultimatum for appearance or risk invocation of legislative powers against them are All Grace Energy Limited and Aradel Energy Limited .

But Dubri Oil Company Limited that appeared before the committee , defended $’3.025million royalty and gas flare debts recorded against it in the audit report .

48 hours ultimatum against the affected four oil companies followed resolution adopted to that effect by the Senator Ibrahim Hassan Dankwabo led committee in line with displeasures expressed by some of its members .

First to call for sanction against the erring oil companies , was Senator Abdul Ningi ( Bauchi Central ) who described letter written by Network E & P Nigeria Limited to the committee that Nigerian Upstream Petroleum Regulatory Commission ( NUPRC) is the regulatory body it reports to , as disturbing and provocative .

The Senate according to him as provided for in sections 88 and 89 of the 1999 constitution, can invite any body or agency .

” The Senate and by extension , the National Assembly, is the custodian of Nigeria law that has power to invite anybody or agency for explanations on issues raised against them “, he said .

In supporting Ningi , Senator Shehu Kaka Lawan ( Borno Central ) , called for invocation of constitutional powers against management of the affected agencies which made the Chairman to issue 48 hours ultimatum for appearance against Managing Director of Network E & P Nigeria Limited .

” Having failed to honour invitation of this committee two consecutive times , the Managing Director of Network E & P Nigeria Limited should appear before us unfailingly on Thursday this week or risk full invocation of legislative powers against him”, he said .

Similar ultimatums were also issued against Managing Directors of All Grace Energy Limited , Aradel Energy Limited and Seplat Energy when when their absence was noted by the committee.

But Dubri Oil that appeared , rejected $3.025million royalty and gas flare debts recorded against it .

NEITI in the report alleged that as submitted by NUPRC in 2025 that Dubri Oil owes $3.025million debt which include $2.378million debt for gas flare and $646, 605.55 for oil production

The query was however faulted by representative of Dubri Oil , Soyode Olusoji Clement who said the report was compiled when the oil company had reconciliation issue with NUPRC .

The reconciliation problem between Dubri oil and NUPRC according to him , has however been resolved without any debt hanging on Dubri oil .

He presented documents to that effect to the committee which according to the committee, would be studied critically before issuance of clean bill of health .

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Business & Economy

Tinubu’s livestock reforms will end subsistence farming, create jobs –Jega

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By Our Correspondent

The Special Adviser to the President on Livestock Development, Prof. Attahiru M. Jega, has said the Presidential Livestock Reforms Agenda of President Bola Ahmed Tinubu is designed to end subsistence livestock farming and build a commercially viable sector that will create jobs and strengthen food security.

Jega, who is also Co-Chair of the Presidential Livestock Reforms Implementation Committee, stated this in a goodwill message delivered at the 9th All Africa Conference on Animal Agriculture in Abuja on behalf of the Presidency.

The conference themed, “Repositioning Animal Agriculture for Africa’s Food Security and Global Competitiveness,” brought together stakeholders across the continent.

Jega, who was represented by Prof. D. J. U. Kalla, said Africa cannot achieve sustainable food security, improved nutrition and inclusive economic growth without transforming animal agriculture.

“Livestock is deeply woven into Africa’s culture, heritage and economy. Beyond food, cattle, sheep, goats, camels and poultry represent wealth, livelihoods, resilience and social capital for millions of African families,” he stated.

He noted that the sector generates employment and income across breeding, feed, animal health, processing, trade and value addition, describing livestock as “not a peripheral component of African agriculture, but a prime mover of inclusive economic transformation.”

“Our ambition is to unlock the enormous economic potential—the goldmine—of the livestock sector and build a productive, competitive, climate-resilient and commercially viable industry that creates jobs, strengthens food and nutrition security, and drives rural prosperity,” he said.

Jega stressed that the country must move “from subsistence to productivity, from fragmentation to value-chain integration, and from potential to investment and competitiveness.”

He listed key areas for investment to include genetics, animal health, feed and forage, water, research and innovation, infrastructure, value addition and markets.

The presidential aide urged the conference to move “beyond dialogue to action, partnerships and measurable commitments” that translate policy into impact.

“Africa has the livestock resources. Our task is to convert this biological wealth into nutritious food, decent jobs, resilient livelihoods and globally competitive enterprises. Africa must feed Africa—and animal agriculture must be at the fulcrum of that transformation,” Jega concluded.

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Business & Economy

Women,s Wing Of ABER Hails Dr. Piriye Kiyaramo As Visionary Leading Africa,s Blue Economy Transformation

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By David Owei

“The Captain of the Blue Future” Commends Inclusive Leadership Ahead of the forthcoming Africa Blue Economy Roundtable’s Women Forum

Younde, Cameroon – The Head of the Women’s Wing of Africa Blue Economy Roundtable – ABER, Barr. Sophie De Sylvie Djoufa Tiemagni, popularly known as ‘The Captain of the Blue Future’, has paid glowing tribute to Dr. Piriye Kiyaramo, Convener and Chief Executive Officer of ABER, describing him as a visionary leader shaping the future of Africa’s Blue Economy.

In a statement issued from the ABER Women’s Wing Secretariat, Duoula – Cameroon, Barr. Djoufa Tiemagni said Dr. Kiyaramo embodies a new generation of leadership focused on action, inclusion, and impact.

“There are leaders who manage, and there are leaders who inspire, transform, and unite. Dr. Piriye Kiyaramo unquestionably belongs to the latter category. In many ways, he is the human embodiment of leadership,” she stated.

Barr. Djoufa Tiemagni noted that under Dr. Kiyaramo’s leadership, ABER has prioritized competence over connections in its appointments of regional leaders, an International Ambassador, the Head of the Women’s Wing, and in recognizing outstanding women through prestigious awards.

“Through these appointments, he has demonstrated that inclusion is not a slogan but a fundamental value at the heart of his vision. He has made inclusion, merit, and excellence the pillars of his leadership,” she said.

She added that this approach, guided by competence, commitment, and contribution to the blue economy, has enabled ABER to build a united community of stakeholders with a shared ambition: to make the blue economy a powerful engine for Africa’s development.

The tribute comes on the heels of the 3rd Africa Blue Economy Week, held in Luanda, Angola from 22 to 25 July 2026, where the central theme was transforming strategies into tangible results for African people.

“Since its establishment, ABER has worked tirelessly to build partnerships, promote African talent, strengthen women’s leadership, and accelerate the implementation of high-impact initiatives,” Barr. Djoufa Tiemagni said. “The time has come to move from strategy to action and make the blue economy a strategic driver of economic transformation, sovereignty, job creation, innovation, and Africa’s emergence.”

Concluding her tribute, Barr. Djoufa Tiemagni said Dr. Kiyaramo’s leadership reminds Africa that no sustainable transformation can be achieved without vision, inclusion, and action.

“Today, that vision has become a reality. Yes, ‘together we can’. And we believe it wholeheartedly. Together, we can. Together, we will. The future of Africa’s Blue Economy is bright.”

The Africa Blue Economy Roundtable – ABER, convened by Dr. Piriye Kiyaramo, is a pan-African platform dedicated to advancing policy dialogue, investment, and partnerships for the sustainable development of Africa’s ocean and water resources. ABER works to position the blue economy as a key driver of jobs, food security, climate resilience, and inclusive growth across the continent.

The Women’s Wing of ABER is committed to amplifying women’s leadership, participation, and impact in maritime governance, fisheries, aquaculture, shipping, and all blue economy sectors.

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