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Update : The four tax reform bills are not against the interest of the North and No dissolution of key federal agencies, Says Onanuga
….No plan to scrap TETFund, others
.,…Dogara, Dickson: Bill in order
Kano House kicks
Apart from refuting the claims that the bills will undermine the economy of any region, the Presidency also clarified that the reforms are designed to streamline tax administration and promote equitable economic development across the country.
The bills have scaled the second reading in the Senate. It is now at the committee stage where it will undergo public hearing.
Also yesterday, Senator Seriake Dickson and former House of Representatives Speaker Yakubu Dogara, gave reasons why the tax reform is desirable and passage of the bills is necessary at this time.
While Senator Dickson (PDP Bayelsa) is optimistic of the bills’ passage, Dogara said the bills would make the North self-reliant hence the region should support it.
Also, House of Representatives spokesman, Akin Rotimi, confirmed that member of the House of Representatives had been informed of the postponement of discussions on the tax bills. The debate ought to hold today.
He said: “The postponement is due to the need for further and broader consultations with all relevant stakeholders.”
Kano State House of Assembly yesterday kicked against the bills, calling on the National Assembly to reject them. It made this position known after its sitting.
Presidential Spokesman Bayo Onanuga also refuted claims that the bills recommended the dissolution of key federal agencies, such as the National Agency for Science and Engineering Infrastructure (NASENI), Tertiary Education Trust Fund (TETFUND), and National Information Technology Development Agency (NITDA).
Onanuga said: “Since the public debate around the transformative tax bills before the National Assembly began in the last few weeks, various political actors and commentators have tried to obfuscate the facts, deliberately misinforming and misleading the public.
“Unfortunately, most reactions are not grounded in facts, reality, or sufficient knowledge of the bills. While some commentators have attempted to incite the people against lawmakers, others have polarised one section of the country against another.
“The tax reform bills will not make Lagos or Rivers more affluent and other parts of the country, as recklessly canvassed, poorer. The bills will not destroy the economy of any section of the country. Instead, they aim to enhance the quality of life for Nigerians, especially the disadvantaged, who are trying to make a living.
“Contrary to the lies being peddled, the bills do not suggest that NASENI, TETFUND, and NITDA will cease to exist in 2029 after the passage of the bills.
“Government agencies, such as NASENI, TETFUND, and NITDA, are funded through budgetary provisions with company income tax and other taxes paid by the same businesses that are being overburdened with the special taxes.
“One reason President Bola Tinubu embarked on the Tax and Fiscal Policy Reforms is the need to streamline tax administration in Nigeria and make the operating environment conducive for businesses.
“For decades, businesses, investors, and private sector players in Nigeria have complained of being overburdened by a myriad of taxes and levies, including those earmarked to fund various government agencies and initiatives.
“The multiple taxes complicate the economic environment, making Nigeria uncompetitive for investment and preventing many businesses from growing or continuing their operations.
“Some companies have had to make the rational decision to relocate to other countries. We cannot continue on this path or wait for 20 years if this country is to deliver the prosperity we need for our people.
“The proposal, as contained in Section 59(3) of the Nigeria Tax Bill, only seeks to consolidate some of the earmarked taxes imposed on companies and replace them with a single tax to be shared with the key agencies as beneficiaries in a phased manner until 2030.
“The time frame offers ample opportunity for the affected agencies to explore other funding sources in addition to budgetary allocations in line with the constitution and international best practices.
“It is a misrepresentation of facts to conclude that changing an agency’s funding source amounts to scrapping it. None of the countries leading globally in education, science, engineering, or information technology have similar earmarked taxes.
“The government imposes major taxes, be it income tax, consumption tax, or other taxes, to channel resources to its areas of priority at the time. Imposing a separate tax to fund an agency is an aberration that has yet to yield results despite the huge burden on businesses. The tax bill seeks to address this problem.
“Relevant stakeholders and public analysts owe it a duty to properly educate themselves about the bills’ contents and avoid misleading the public for any reason. We may be entitled to our opinions, but such views must be informed and based on facts, not emotions targeted at inflaming passions.
“In a period like this, when our people across the country look up to leaders for guidance and direction on matters of public importance, such as the Tax Reform Bills, leaders should be more measured in their public utterances to avoid heating the polity and polarising the country unduly.
“President Tinubu welcomes the public interest these bills have generated. He encourages leaders across the country, including governors, traditional rulers, civil society activists, students, trade associations, professional associations, and the general public, to take advantage of the Public Hearings that the National Assembly will organise to present their views on how best to reform our taxes and fiscal regime.
“What is never in doubt is the imperative of changing the existing tax laws and administration that have become obsolete and unhelpful in achieving the growth and development we desire for our country”, the statement said.
National Assembly will pass bills, says Dickson
Dickson, Chairman of the Senate Committee on Ecology and Climate Change, said the opposition to the bills notwithstanding, the Senate would pass them in national interest.
He also allayed the fear in some quarters that the planned public hearing would be chaotic, if it is not postponed for further consultations.
“Those opposed to the bills should come to the public hearing with facts, if they have issues with any section of the bills.
“During the debate on the PIB, the Niger Delta leaders asked for 10% of the Operating Expenses or Expenditure (OPEX) of oil companies for host communities, but only 3% was granted.
“The late President Umaru Musa Yar’adua proposed 10% for the host communities, the National Assembly passed three per cent after about two decades without any protest.
He said: “The Senate has passed the Tax Reforms Bills for second reading. Public hearing will take place and people should get ready to present their positions. The tax bill is a law like every other law and it has to go through the normal legislative process.
“Right now, taxes from Bayelsa State are paid to Lagos State and I don’t want that to continue. When there is consumption of goods or services from any state it should be calculated and paid to that state.
Why I’m opposed to Tax Reform Bills, by Zulum
RHAN commends Senate as Tax Reform Bills scales through second reading
“Now there is an opportunity to review the tax laws, to correct the anomalies and that’s why I’m in support.“I know there are states that are feeling that when they apply the new sharing formula, they will earn less. It’s for them to raise those issues and bring the statistics. I don’t go by sentiments. I go by what is right and in the national interest.”
“Forget about uproar, there will be no uproar. Public hearing is an opportunity for people to present their matters, and nobody is going to be intimidated by uproar.
“The PIA was passed. We wanted 10%, which was what Yar’adua proposed. They (federal lawmakers) reduced it to 3%. Heaven did not fall. This tax reform bills will pass and heavens will not fall.”
Dickson spoke during an interaction with reporters at the National Assembly.
Dogara: North should accept reforms
Speaking on a national television programme last night, Dogara said: “We should remove the cap of regionalism, the cap of sectionalism, the cap of religion and put on the cap of leadership because that is what will resolve the quarrel that we have.”
He added: “I think one of the major objections is related to the issue of timing. I’ve heard this from leaders that I respect.
“But in leadership, when you talk about timing, the way I have heard them talk about is a tragic misconception of the notion of time itself because there’s nothing like the future, there’s nothing like the past,” he said.
“All we have is now. It is what you are doing now that will become your past. It is what you are doing now that will affect your future”.
“I don’t even care if it was part of the president’s agenda. All I am bothered with as a leader is: is it the right thing?”
“Secondly, I have heard about insufficient consultation. I had even heard legislators speaking as if they were spokespersons for some governors’ forum or others instead of looking at what is right, and proffering solutions.
“Now, I don’t know why he [Taiwo Oyedele), who leads the Presidential Fiscal Policy and Tax Reforms Committee and a panelist for the event] didn’t address some of these issues. But I believe in the course of our interface, he will address whether there was enough consultation with the governors.
“But I want to say this: at the state level, how many people do governors consult when they are making laws? I’m not challenging them. As a matter of fact, in some cases, state laws are written from the living rooms of governors.”
On derivation, Dogara said: “I say to them, if that is the case, let us define it.”
“I want to talk to my brothers in the North. I don’t think this is the time to begin to condemn the President and be saying that these bills are anti-North.
“So, we, as northerners, should better embrace this opportunity to build our region, and for our people to be generating wealth and building our economy.
“These bills will make us more independent and to look inwards to generate wealth.
“These bills discourage us looking at the government every time for money.
“I want to remind us that the President has done something that is significant. And in my life-time, if the President can pursue this to the end, it will mean that no Northern leader in my life-time has done what the President has done for the North. And that is the creation of the Livestock Ministry.
“There is a global business around that. The global market size of dairies, of beef in the next three years will rise to about $2.5 trillion. You can Google it. So if in the north, we are able to organize ourselves in such a way that we can corner just 5%, just 5% of this global market size of dairies and beef, I tell you that gives us $250 billion.
“We don’t need VAT from any state in Nigeria to survive. The North can survive on its own. We are the most endowed part of Nigeria.”
“We have all the resources, we can survive”, Dogara added.
Dogara, who noted that the President has done much for the North, said the claims that the bills are against the region are unfounded.
Kano House kicks
At the plenary presided over by the Speaker Isma’il Falgore, the lawmakers rejected the bills after extensive deliberation.
Majority Leader Lawan Husseini (ANPP-Dala) introduced a motion of ‘urgent public importance,’ emphasising the need for northern lawmakers and the Conference of Speakers to prevent the passage of the bills.
Husseini argued that if passed into law, the bills would not benefit the Northern States.
He condemned the Senate’s decision to approve the bills, saying, “we view it as a deliberate effort to sabotage the economy, increase hardship and further impoverishing the region.”
Husseini expressed concern over the proposed Value Added Tax (VAT) allocation system, noting that states like Lagos, where major corporations such as banks, telecommunications companies and multinational companies have their headquarters, would receive the largest share of the VAT.
“Lagos and its environs would account for 80 percent of the VAT collected in Nigeria, leaving northern states with a minimal share,” he said.
He warned that if allowed to scale through, the bill would further weaken northern states, potentially rendering some unable to pay salaries and worsening poverty and hardship.
Supporting the motion, Salisu Mohammed (APC-Doguwa) urged the upper legislative house to focus on more pressing national issues, such as attention insecurity and unemployment, instead of rushing the tax reform bills through the legislative process.
Murtala Kadage (ANPP-Garko) called for unity among lawmakers to prevent the bills from passing, for the benefit of the region.
The house called on northern members of the Senate and House of Representatives, along with the Conference of Speakers, to take a swift and decisive action to block the passage of the bills
Agency summons product manufacturers to explain pricing methodology, others
CEMENT PRICES
Kenya N7,344
Tanzania N6,528
Togo N9,180
Nigeria N15,000
Cement manufacturers are under the searchlight of the Federal Competition and Consumer Protection Commission (FCCPC) over rooftop prices of cement, the agency has confirmed.
It said the probe followed an extensive industry-wide investigation that suggested possible manipulation of product prices in the Nigerian market.
The FCCPC stated that findings from a three-month cross-border study by its Anti-competitive Practices Department (ACP), undertaken in response to widespread public complaints over the high cost of cement, provided reasonable ground for probe of the cement manufacturers.
According to the commission, subsequent to the findings, it has issued “Notices of Commencement of Investigation and Summons to Producer” to the key players in the sector.
With the summon, the companies are required to provide information and records relating to, among other matters, their pricing methodologies, production and capacity utilisation, exports and relevant commercial relationships.
Three companies account for more than 90 per cent of Nigeria’s cement production. They are: Dangote Cement Plc, HMB Nigeria Plc, formerly known as Lafarge Africa Plc. and BUA Cement Plc.
FCCPC stated that its actions were sequel to concerns raised over the comparatively high retail price of cement in the local market compared with other markets, despite the country’s substantial limestone deposits, significant domestic production capacity and reported surplus installed capacity relative to domestic consumption.
The commission explained that, beyond Nigeria, its investigations extended to markets in sub-Saharan Africa like Kenya, Tanzania and South Africa as well as Egypt, Morocco and Algeria, using metrics such as availability of limestone, the basic raw material for cement production, as well as other variables such as population, production capacity and consumption.
The commission’s survey indicated that Nigeria has installed cement production capacity of more than 60 to 65 million metric tonnes annually, while estimated domestic consumption is approximately 25 to 30 million metric tonnes.
Nigeria is also a net exporter of cement to neighbouring markets, a statement signed by its Director of Corporate Affairs, Ondaje Ijagwu, stated.
The FCCPC statement reads: “Of particular concern to the Commission is that this level of production capacity has not resulted in the downward pressure on domestic prices that might ordinarily be expected in a competitive market with substantial excess capacity.”
Executive Vice Chairman and Chief Executive Officer (EVC\CEO) of the commission Mr. Tunji Bello said the investigation reflected the commission’s responsibility to examine market conditions that have significant consequences for consumers and the wider economy.
FG charges bakers, operators on production process, right labelling
He said: “Cement occupies a strategic place in the Nigerian economy. Its price affects the cost of building a home, developing commercial property, delivering public infrastructure and, ultimately, the cost of doing business. When concerns persist about how such an important market is functioning, the Commission has a duty to look beyond assumptions and establish the facts.” DownloadingInteractive Geographic Maps
He explained that the scrutiny is not intended to dictate the commercial decisions of businesses, rather, it is to determine whether the market is functioning competitively and whether consumers are receiving the benefits that effective competition should provide.
Bello said: “Businesses are entitled to make legitimate commercial decisions and earn returns on their investments. Competition law does not prevent that. Its purpose is to protect the competitive process, so that prices, output and other market outcomes are determined by genuine competition rather than conduct that unlawfully restricts it. That distinction is important to the work we are undertaking”.
The FCCPC spokesman provided additional details on the findings from the ACP investigation.
He said: “For instance, Kenya with 58.6 million population, 76 per cent lower than Nigeria’s population, had domestic cement demand of approximately 9.3m metric tonne per annum (MTPA) in 2025. Retail price in Nairobi is $5.40 or N7,344. Kenya is endowed with limestone. DownloadingInteractive Geographic Maps
“Tanzania, with population of 66.3 million, 72 per cent lower than Nigeria’s population, had domestic cement demand of 9.3m MTPA by 2025 with a bag of cement selling for $4.80 or N6,528.
“In Togo, which does not have limestone deposit, a bag of cement sells for $6.75 or N9,180.
“However, in Nigeria, with its huge limestone deposit and installed capacity, market intelligence reviewed by the commission showed that the retail price of a 50kg bag of cement rose significantly during the first half of 2026. DownloadingInteractive Geographic Maps
“A cement bag selling for between N9,300 and N9,700 in January was selling for between N10,500 and N13,000 by mid-year and by July, prices had risen to between N13,000 and N15,000 in some parts of the country.”
The commission noted that information provided by industry participants had identified energy costs, depreciation of the naira and its effect on imported machinery and spare parts, as well as transportation and logistics costs, among the factors contributing to cement prices.
It said: “The Commission is testing these explanations against verified information on costs, production, pricing and market conditions. However, the weight of preliminary findings provides sufficient grounds for the investigation to continue.
“Next is to determine whether prevailing cement prices can be explained by legitimate costs and market conditions, or whether there is evidence of coordinated conduct, abuse of market power, restriction of domestic supply, anti-competitive distribution practices or other conduct contrary to the provisions of the FCCPA.”
Social Media influencer, Afolabi Kazeem Michael, popularly known online as KC Luxury. Credit: NDLEA
Social Media influencer, Afolabi Kazeem Michael, popularly known online as KC Luxury. Credit: NDLEA
The National Drug Law Enforcement Agency has dismantled an international cocaine trafficking cartel that allegedly used Nigeria as a transit hub for moving illicit drugs to the United Kingdom, other parts of Europe and Asia.
The agency also arrested the alleged Nigerian arrowhead of the syndicate, a self-styled luxury goods dealer and social media influencer, Afolabi Michael, popularly known online as “KC Luxury,” as he attempted to flee the country.
A statement by the agency spokesman, Femi Babafemi, on Tuesday, said the Chairman and Chief Executive Officer of the NDLEA, Brig. Gen. Mohamed Marwa (retd.), disclosed this while addressing journalists in Lagos on Tuesday.
Marwa described the operation as one of the most significant narcotics investigations undertaken by the agency in recent times, saying it led to the seizure of 184.50kg of cocaine, the largest cocaine seizure made through a courier company in Nigeria.
According to him, the operation began with the interception of the cocaine consignment concealed for onward export through a courier logistics channel in Lagos.
He said following the seizure, he directed the constitution of a Special Investigation Team to trace the entire network behind the shipment, from the couriers to the masterminds.
Marwa said the cartel hoped to realise as much as N39bn from the consignment through its international distribution network.
“The operation began with the interception of a consignment of 184.50 kilograms of cocaine concealed for onward export through a courier logistics channel in Lagos. Given the scale of the seizure.
“I immediately directed the constitution of a Special Investigation Team, with a mandate to trace the entire network behind the shipment, from the couriers to the masterminds.
“The cartel was hoping to realise as much as N39 billion from the consignment through their international distribution network, ” the statement quoted Marwa as saying.
Working with the management of the courier company involved, Marwa said NDLEA operatives unravelled a network of intermediary companies and individuals used to process the consignment, leading to the arrest of two key suspects, among others.
“The first, Lawal Mujab Kehinde, a staff member of the logistics firm through which the cocaine was processed, was found to have a direct and sustained relationship with the cartel’s Nigerian coordinator. Investigation also established that he packages and processes consignments for the syndicate, routes them to the United Kingdom, other parts of Europe and Asia, while he was paid in cash.
“The second and more prominent suspect is Afolabi Kazeem Michael, popularly known online as “KC Luxury,” whom investigations identified as the Nigerian arrowhead of the cartel. Parading as a social media influencer and businessman dealing in gold, jewellery, and luxury goods, Afolabi used his glamorous public image to disguise a criminal enterprise moving cocaine along a pipeline stretching from South America, through Nigeria, to the United Kingdom, other parts of Europe and Asia,” Marwa said.
Marwa said Afolabi was arrested at the boarding gate of the Murtala Muhammed International Airport, Lagos, on August 13, 2026, after intelligence indicated that he planned to flee the country on a business-class flight to Paris.
He said the suspect was found in possession of €7,750, £2,800 and N100,000 cash, as well as expensive jewellery.
A subsequent search of his luxury apartment on Banana Island, Ikoyi, Lagos, also led to the recovery of exotic vehicles, according to the NDLEA boss.
Marwa said investigations further showed that the cartel used false identities to conceal the true consignors of its shipments and relied on financial facilitators who moved billions of naira on its behalf.
He added that the syndicate maintained criminal contacts in the UK, some of whom had been arrested by British authorities in connection with the same cartel.
The NDLEA boss linked the operation to recent successes against transnational drug networks, including the dismantling of the Switzerland-based Simon Amadi drug cartel, which allegedly laundered millions of dollars through dark web marketplaces, as well as the takedown of two Nigerian-Mexican methamphetamine syndicates operating clandestine laboratories in forests in Ogun and Oyo states.
Marwa said the latest operation demonstrated that drug traffickers could no longer hide behind luxury lifestyles, forests, ports or courier companies.
“These operations send an unmistakable signal that this Agency’s reach extends into the ports, the forests, the luxury apartments, and the departure lounges alike, and that no sanctuary exists anywhere in Nigeria for those who traffic in poison,” he said.
He noted that drug trafficking organisations had recently shifted from seaports and airports, where scrutiny had intensified, to courier and logistics companies, which they allegedly considered less monitored channels for moving narcotics across international borders.
Marwa said the dismantling of the cartel, from the interception of the cocaine consignment to the arrest of its alleged Nigerian coordinator, demonstrated the agency’s capacity to detect traffickers wherever they operated.
“There is no alternative route into or out of Nigeria for illicit drugs that this Agency cannot police,” he stated.
The NDLEA chief also described the operation as a product of international cooperation, noting the near-simultaneous arrests of suspected cartel members in Nigeria and the UK.
He commended the agency’s international partners and members of the Special Investigation Team, coordinated by the Director of Operations and General Investigation, for their professionalism in unravelling the syndicate.
Marwa warned individuals who use luxury brands, glamorous lifestyles and social media personas to conceal drug trafficking activities that the agency would track them down.
“To those who believe they can hide behind luxury brands, glamorous lifestyles, and social media personas while trafficking poison into our communities and across our borders, this Agency will find you,” he said.
Results from the 30 local government areas in the 2026 Osun State governorship election show that Governor Ademola Adeleke of the Accord Party (AP) recorded victories in 19 councils, ahead of the All Progressives Congress (APC) candidate, Asiwaju Munirudeen Bola Oyebamiji (AMBO), who won 11 local government areas.
The local government results indicate that Adeleke polled a cumulative 511,067 votes, while Oyebamiji secured 444,815 votes across the state.
The African Democratic Congress (ADC) candidate, Najeem Salaam, garnered 17,180 votes from the 30 local government areas.
Adeleke won Boluwaduro, Ede South, Ife North, Ilesa West, Ifedayo, Ife Central, Orolu, Osogbo, Oriade, Odo-Otin, Ife East, Ifelodun, Iwo, Ede North, Ila, Aiyedire, Egbedore, Aiyedaade and Ejigbo local government areas.
Oyebamiji emerged victorious in Ilesa East, Boripe, Irepodun, Obokun, Atakunmosa West, Irewole, Atakunmosa East, Isokan, Ola Oluwa, Ife South and Olorunda local government areas.
Based on the collated local government results, Adeleke leads with victories in 19 of the state’s 30 local government areas, while the APC candidate secured 11 councils.
Accord won 19 out of the 30 LGAs: (Boluwaduro, Ede South, Ife North, Ilesa West, Ifedayo, Ife Central, Orolu, Osogbo, Oriade,
Odo-Otin, Ife East, Ifelodun, Iwo, Ede North, Ila, Aiyedire, Egbedore, Aiyedaade, Ejigbo)
APC won the remaining 11 LGAs (Ilesa East, Boripe, Irepodun, Obokun, Atakunmosa West, Irewole, Atakunmosa East, Isokan, Ola Oluwa, Ife South, Olorunda).
Here are the Osun 2026 Governorship Election Results of the 30 LGAs: GeographicReference
Boluwaduro LG
Accord: 7,118 votes
APC: 7,050 votes
ADC: 179 votes
Ede South LG
Accord: 26,188 votes
APC: 6,219 votes
ADC: 390 votes
Ife North LG
Accord: 13,879 votes
APC: 9,613 votes
ADC: 333 votes
Ilesa West LG
Accord: 16,196 votes
APC: 12,756 votes
ADC: 673 votes
Ifedayo LG
Accord: 7,427 votes
APC: 6,836 votes
ADC: 115 votes
Ilesa East LG
APC: 16,208 votes
Accord: 12,280 votes
ADC: 504 votes
Ife Central LG
Accord: 21,171 votes
APC: 15,913 votes
ADC: 747 votes
Boripe LG
APC: 19,963 votes
Accord: 12,448 votes
ADC: 379 votes
Irepodun LG
APC: 15,713 votes
Accord: 14,504 votes
ADC: 249 votes
Obokun LG
APC: 16,120 votes
Accord: 12,023 votes
ADC: 205 votes
Orolu LG
Accord: 12,352 votes
APC: 10,622 votes
ADC: 236 votes
Osogbo LG
Accord: 36,480 votes
APC: 30,474 votes
ADC: 1,503 votes
Oriade LG
Accord: 21,343 votes
APC: 14,863 votes
ADC: 423 votes
Odo-Otin LG
Accord: 18,003 votes
APC: 15,435 votes
ADC: 377 votes
Ife East LG
Accord: 27,201 votes
APC: 18,600 votes
ADC: 935 votes
Ifelodun LG
Accord: 21,107 votes
APC: 18,396 votes
ADC: 509 votes
Atakunmosa West LG
APC: 10,037 votes
Accord: 7,479 votes
ADC: 213 votes
Iwo LG
Accord: 27,085 votes
APC: 19,660 votes
ADC: 588 votes
Ede North LG
Accord: 35,427 votes
APC: 10,283 votes
ADC: 307 votes
Ila LG
Accord: 16,211 votes
APC: 12,934 votes
ADC: 259 votes
Irewole LG
APC: 29,972
Accord: 10,934 votes
ADC: 275 votes
Aiyedire LG
Accord: 11,073 votes
APC: 9,910 votes
ADC: 148 votes
Atakunmosa East LG
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APC: 9,936
Accord: 7,872 votes
ADC: 333 votes
Egbedore LG
Accord: 19,278 votes
APC: 11,194 votes
ADC: 363 votes
Aiyedaade LG
Accord: 16,681 votes
APC: 15,719 votes
ADC: 331 votes
Isokan LG
APC: 14,063 votes
Accord: 13,765 votes
ADC: 384 votes
Ola Oluwa LG
APC: 10,782 votes
Accord: 10,063 votes
ADC: 213 votes
Ife South
APC: 14,678 votes
Accord: 13,507 votes
ADC: 290 votes
Ejigbo LG
Accord: 18,458 votes
APC: 16,195 votes
ADC: 5,053 votes
Olorunda LG
APC: 24,671 votes
Accord: 23,514 votes
ADC: 666 votes.
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