National
At last Tinubu speaks on Petrol price hike, insists its tough decisions for development
Finally President Bola Tinubu has spoken up on the recent hike in the price of Premium Motor Spirit (PMS), which jolted Nigerians Tuesday a sad reality of more hardship with soaring food inflation that has defiled any solution
Tinubu who spoke while addressing Nigerians living in China on Friday, said the petrol price hike and other reforms by his administration are part of an overall strategy to set Nigeria on the path of economic growth.
Presidential spokesman, Ajuri Ngelale, quoted Tinubu to have said, “Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from home in the last few days about fuel prices,”
The Nigerian National Petroleum Company Limited (NNPCL) jacked up the pump price of petrol to N855 across its retail outlets amid long queues at filling stations on Tuesday.
Pressure has been mounting by many Nigerians and groups for the Federal Government to reverse the decision.
The situation is made more herculian as it is happenjng amid the scarcity of the petrol product triggering hyper inflation.
At the Beijing meeting, Tinubu stood his ground on the infamous decision, insisting hard decisions are crucial for economic prosperity.
“But, can we help it? Can we develop good roads like you have here? You see electricity being constant in quantity and quality. You see water supply, constant and running, and you see their good schools. And we say we want to hand over a banner without stain to our children?
“So many of you are so talented, speaking very fluent Mandarin. It is what you contribute and tell them at home that will reflect in the attitude of our people.”
The President stated that though it is not always easy to have a national consensus on issues, he is ready to take the hard decisions to move the nation forward.
Tinubu added that he is committed to replicating China’s infrastructure in Nigeria.
“One economic action leads to another, and it is in your hand to build our nation. Mine is to provide the leadership, and I am committed to doing just that. We are focused, and I have a very good team,” he added
National
Refrain from using ethnic slurs over Tax Reform Bills, Tinubu cautions Nigerians
The Presidency has urged Nigerians to desist from the use of ethnic or regional slurs while commenting on the proposed tax reform bills before the National Assembly.
The warning was contained in a statement by the Minister of Information and National Orientation, Mohammed Idris.
President Bola Tinubu cautioned against the use of ethnic or regional slurs that could inflame tensions.
He stressed that the tax reform bills are designed to benefit all Nigerians irrespective of region or ethnicity.
Idris, described the proposed tax reform bills as pivotal to ensuring financial autonomy for states and local governments while addressing long-standing issues of resource allocation.
He said, “I call on all commentators and groups to keep up the spirit of informed engagement, and to strive to be respectful and understanding at all times despite the diversity of opinions. In the spirit of democratic engagement, there should be no room for name-calling, or for the injection of unnecessary ethnic and regional slurs into this important national conversation.
“Similarly, it is important to be aware that there is a lot of misinformation and fake news circulating around the tax bills and the overall reform agenda of the Tinubu Administration. The fiscal reforms will not impoverish any State or region of the country, neither will they lead to the scrapping or weakening of any federal agencies.”
Idris added, “President Bola Ahmed Tinubu is implementing an ambitious fiscal reform agenda that will devolve more resources to Nigeria’s State and Local Governments, and ultimately to the Nigerian people, in the spirif of harnessing democracy that works for the people.
“It is pertinent to state that the government has nothing sinister to warrant the suggestion that the process is being rushed. In line with the established legislative procedure, the Federal Government welcomes meaningful inputs that can address whatever grey areas there may be in the bill.”
The minister revealed that the president has directed the Federal Ministry of Justice to work with the National Assembly to address concerns being raised by Nigerians before the bills are passed.
The statement further reads, “We are indeed witnessing, at this moment in the history of Nigeria, the most far-reaching, impactful and beneficial set of fiscal reforms that Nigeria has seen in decades.
“In addition to the four tax bills being debated and deliberated upon, there is also the 2023 Supreme Court ruling on financial autonomy for local governments, which will significantly empower the tier of government that is closest to the Nigerian people.
“In all, these reforms will not only facilitate increased revenues (without imposing additional tax burdens on the people), they will also make it possible for citizens to demand and enjoy greater accountability in the management of public resources at all levels of government.”
National
54 Bodies Recovered in River Niger Boat Tragedy, Says NEMA
The National Emergency Management Agency (NEMA) has confirmed the recovery of 32 additional bodies from the boat mishap that occurred on the River Niger, bringing the total number of fatalities to 54.
Justin Uwazuruonye, Head of Operations at NEMA’s Abuja office, disclosed this in a statement on Saturday, highlighting the collaborative efforts of emergency responders in the ongoing search and rescue operations.
The tragic incident took place on Thursday, November 28, when a boat carrying around 200 traders from Niger and Kogi States capsized while en route to a weekly market in Katchia, Niger State.
The traders were heading to the market when the boat overturned on the river.
“As of today (Saturday), the number of bodies recovered by the Kogi State Emergency Management Agency, the Red Cross, and NEMA stands at 54,” Uwazuruonye confirmed, adding that all recovered victims were found deceased.
Authorities continue to search for more victims as the nation mourns the devastating loss. The incident has raised concerns about waterway safety, especially for traders who frequently travel by boat to conduct business in rural communities.
(nationalupdate.ng)
National
Like Ndume, Zulum Sounds Alarm: ‘Tax Reform Bills Will Devastate the North’
Borno State Governor, Babagana Zulum, has raised a stark warning about the proposed tax reform bills, insisting that they could cripple the Northern region and other parts of Nigeria.
The Governors position is coming in the same vein as that of Senator Ali Ndume who is representing Borno South in the Senate who had urged that the bills be withdrawn for proper consultation in order to get the buy-in of the critical stakeholders who are opposed to it.
Senator Ndume had expressed concern about the timing, suggesting that introducing tax reforms in the current climate could be misconstrued by the public.
He had urged the Senate to consider the sensitivities of the moment, advocating for a more strategic approach to avoid backlash.
Ndume echoed calls for the bills to be withdrawn temporarily to allow for more consultation with state governors, the National Economic Council (NEC), and traditional rulers.
He emphasized that the reforms would be more effective if they had the buy-in of these critical stakeholders, suggesting that swift passage could occur after such consultations.
He identified derivation and VAT as contentious issues arguing that without constitutional amendments, implementing some of the proposals would be problematic.
In a passionate interview with BBC Hausa, Zulum criticized the rapid pace at which the bills are moving through the National Assembly, likening the process to the slow passage of the Petroleum Industry Bill, which took nearly two decades.
“Why the rush?” Zulum questioned. “The Petroleum Industry Bill took almost 20 years to pass, yet this tax reform bill is being fast-tracked in just a week. It deserves more careful consideration.”
The governor accused the proposed legislation of being inherently biased, warning that it could significantly hinder the development of the North, as well as the South East and parts of the South West.
He called on President Bola Ahmed Tinubu to reconsider the bills, stressing that the North’s strong support for his administration should not be overlooked.
“This is not opposition to the government,” Zulum clarified. “But these bills will destroy the North. President Tinubu must act as he secured 60% of his votes from the North, and we cannot afford to be left behind.”
Zulum also pointed out that if passed, the bills could severely impact the ability of Northern states to fund critical development projects and pay civil servants’ salaries.
He added that even Lagos State, often considered a strong ally of the federal government, is opposing the reform.
“If these bills are enacted, we will struggle to pay salaries, and any payments we make will be unsustainable,” Zulum warned.
“This is a national concern, with members from across the country, including the South, opposing it.”
The governor concluded that the North’s opposition to the tax reform is not an attack on the administration but a call for a reconsideration of the bills’ potential damage. “We supported President Tinubu, but these bills will not help us,” he said.
As the Senate continued to review the tax reform bills, which include the Nigeria Tax Bill 2024 and other associated legislation, Zulum’s comments highlighted the growing regional divide over the proposed fiscal changes, raising concerns over their long-term impact on Nigeria’s development.
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