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The Federal Government has prohibited cash collection of taxes and banned the mounting of roadblocks for revenue enforcement, as part of fresh regulations to implement Nigeria’s new tax laws nationwide.
The Executive Secretary (ES) of the Joint Revenue Board, Mr Olusegun Adesokan, made this known during the signing of the Presumptive Tax Regulations and Guidelines on the Implementation of the Tax Laws in Abuja on Tuesday.
He said that the new framework was designed to end informal, coercive and fragmented tax practices, particularly at the subnational level.
“It bans all forms of cash collection by tax authorities.
“It also bans the mounting of roadblocks for the collection of taxes,” he said.
Adesokan said that the regulations would entrench transparency and equity in tax administration, especially within the commerce and informal sectors.
“These regulations are another demonstration of his commitment to taxing prosperity and not poverty,” the ES said.
He said that nano and small businesses with an annual turnover of N12 million or below would be exempted under the presumptive tax regime.
“Our nano and small businesses with an annual turnover of N12 million and below are exempted from tax,” Adesokan said.
He said that the framework introduced a one per cent tax rate on turnover for other categories of informal businesses, while encouraging the use of technology-driven payment systems.
“It also introduces a tax rate of one per cent of turnover on all other categories of informal businesses,” he said.
Adesokan noted that the guidelines provided a uniform structure for subnational governments in taxing the commerce sector and integrating operators into the formal system through a Tax Identification platform.
“These regulations constitute the framework for taxing the commerce sector.
” The alignment of states behind the framework signalled a coordinated national approach,” he said.
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said that the signing marked a transition from legislative approval to operational enforcement of the tax reforms enacted in 2025 and early 2026.
“With the signing of these regulations, we are transitioning from regulation to structured implementation of the tax reforms,” Edun said.
He said that the regulations was a simple and transparent framework for applying presumptive tax anchored on transparency, fairness, clarity, indeed, equity, and economic inclusion for Nigerians.
“Our aim is to ensure consistency, prevent arbitrary assessments and to protect small businesses while ensuring the continuous growth of the Nigerian economy,” the minister said.
Edun said that the reforms were not intended to raise tax rates but to broaden the tax base in a structured manner.
“We will expand the tax base, not raising taxes, but expanding so that each bears his rightful contribution to the common cause,” he said.
The minister said that the regulations were developed in collaboration with the Joint Revenue Board to ensure alignment across federal, state and local governments.
“Our role is to ensure that tax administrations are coordinated, not fragmented, deliver results and impact to all Nigerians,” Edun said.
The minister said that the reforms bring broader growth objectives, adding that the economic expansion had exceeded four per cent in the last quarter of 2025 but required further acceleration.
“We are trying to get to seven per cent GDP growth, the President’s said the target by 2030 is one trillion dollars economy,” Edun said.
He said that the implementation would be closely monitored to safeguard fairness, and an ombudsman mechanism had been introduced.
The Chairman of the National Tax Policy Implementation Committee, Mr Joseph Tegbe, said that the signing was a decisive shift from policy intention to practical execution.
He said that the reforms were not about imposing new burdens but correcting distortions in the system.
“It is not about imposing new volumes but restoring order where there has been fragmentation and replacing arbitrariness with transparency, ” the chairman said.
Tegbe said that the informal sector employs more than 80 per cent of Nigeria’s workforce but has historically contributed little to structured public revenue due to systemic weaknesses.
“The informal sector employs more than 80 per cent of the workforce yet its contribution to structured public revenue has been disproportionately low, not because they are unwilling to pay but because our framework was either too complex or did not reflect operational realities,” he said.
Tegbe said that sustainable development required sustainable revenue mobilisation and that the committee would work with tax authorities to ensure di
sciplined and transparent rollout of the new framework.(NAN)
Edo State Governor, Monday Okpebholo, on Monday identified with youths and residents who staged a protest over persistent power outages and billing concerns associated with the Benin Electricity Distribution Company (BEDC).
The demonstrators gathered at Ring Road in Benin City, displaying placards with messages such as “We say no to BEDC oppression,” “No light, no bill,” and “Edo people say no to bulk billing.” They decried prolonged blackouts, estimated billing practices, and what they described as the exorbitant cost of prepaid meters.
Governor Okpebholo, who was reportedly driving past the area, stopped to address the protesters and expressed his support. He said he halted after noticing the crowd and learning about their grievances, adding that he stood with them as fellow youths seeking fairness.
He acknowledged that electricity challenges cut across both rural and urban communities in Edo State and appealed for calm as the government engages relevant stakeholders to find solutions. According to him, issues affecting electricity supply impact everyone — from villagers to city dwellers.
While clarifying that BEDC is privately owned and not under the direct control of the state government, the governor assured residents that efforts would be made to tackle the concerns raised. He suggested liberalising the electricity distribution sector to attract new investors and end what he described as a monopoly.
Drawing a comparison with the telecommunications industry, Okpebholo said introducing more players would provide consumers with options and improve service delivery. He further announced plans to convene a stakeholders’ meeting on Tuesday and urged the protesters to nominate five representatives to participate in discussions.
Speaking for the group, Comrade Ogbidi Emmanuel said residents were compelled to protest what he termed oppressive practices by the distribution company. He questioned the transparency of BEDC’s free meter distribution initiative and challenged the company to publicly disclose beneficiaries.
“We pay for light and they give us darkness,” he said, alleging that prepaid meters cost between ₦150,000 and ₦400,000.
The protest remained peaceful, with security personnel on ground to ensure order. The demonstrators dispersed after the governor’s address. As of press time, BEDC had yet to release an official statement in response to the claims.
At least two pregnant internally displaced women have died within a span of five days in Agagbe, Gwer West Local Government Area of Benue State.
Local sources confirmed on Monday that the women — Aondona Dooshima, 30, and Sumali Blessing, 28 — passed away on February 26 and March 1, 2026, respectively.
A resident of the community, Terna, who spoke anonymously, attributed the deaths to poverty and poor access to healthcare services. He explained that Dooshima, who was displaced from Tse Nongu Tswarev in Gaambe Ushin Council Ward, developed severe abdominal pain on February 26.
According to him, the family could not afford adequate medical care. She was eventually taken to a clinic in Agagbe when her condition worsened, but she later died.
Terna added that while the community was still mourning her death, another expectant mother, Sumali Blessing, also lost her life. Blessing, said to be from Tse Ameen in Mbapa Council Ward, reportedly fell ill but was unable to access proper treatment due to financial constraints.
Her husband later took her to a primary healthcare centre in Abani on Sunday, but it was too late. She died the following day, and her body was deposited at the Agagbe morgue.
The source noted that both women and their families had sought refuge in Agagbe after fleeing attacks in their ancestral communities. He called on the state government, humanitarian organisations, and concerned individuals to urgently assist displaced families in the area, particularly with healthcare and welfare support.
When contacted, the Information Officer of the Benue State Emergency Management Agency, Tema Ager, clarified that although the women were internally displaced persons, they were not living inside the official camp.
“The two women were not staying in the camp but within the host community,” Ager said.
The deaths highlight the continuing challenges faced by displaced families in Benue State, many of whom struggle with limited access to healthcare, food, and other essential services after years of violence that forced them from their homes.
Agagbe is one of the 14 officially recognized Internally Displaced Persons camps in the state.
Adamu Atiku Abubakar, son of former Vice President Atiku Abubakar, has resigned from his role as Commissioner for Works and Energy Development in Adamawa State.
In a resignation letter dated March 2, 2026, and addressed to Governor Ahmadu Umaru Fintiri, Adamu stated that his decision came after “deep personal reflection and careful consideration.”
“I write to formally tender my resignation from the office of Honourable Commissioner for Works and Energy Development, Adamawa State, effective from today, 2nd March, 2026,” the letter read.
He described his tenure as a distinct honour and expressed appreciation to the governor for the opportunity to serve. According to him, it was a privilege to work under Fintiri’s leadership and contribute to the state’s infrastructural advancement.
Adamu also thanked the people of Adamawa State for their support throughout his time in office. He acknowledged the trust placed in him by the governor and noted that the enabling environment provided allowed him to discharge his duties with commitment and diligence.
Concluding his letter, he offered prayers for the governor, asking Allah to grant him continued strength and guidance in serving the state.
Adamu chose not to defect to the All Progressives Congress (APC). He was absent from the group of 22 commissioners who accompanied Governor Fintiri to formally announce their defection from the Peoples Democratic Party (PDP) to the APC on February 27, 2026.
A series of resignations has swept through the cabinet of Monday Okpebholo, following a directive issued to political appointees seeking elective offices in the 2027 general elections.
The development came after a circular dated February 28, 2026, signed by the Secretary to the Edo State Government, Umar Musa Ikhilor, and made public on March 2, 2026. The directive instructed all political appointees, civil servants, and officials in the administration aspiring to contest elective positions in 2027 to step down immediately.
Among those who have submitted resignation letters are Dr. Washington Osifo, Commissioner for Water Resources and Sanitation; Dr. Lucky Eseigbe, Commissioner for Physical Planning and Urban Development; Bar Peter Uwadiae-Igbinigie, State Publicity Secretary of the All Progressives Congress (APC); and Pius Alile, Deputy Chief of Staff to the State Deputy Governor, Hon. Dennis Idahosa.
In separate letters addressed to the Secretary to the State Government, the officials declared their intentions to contest seats in the House of Representatives for their respective constituencies.
Dr. Osifo stated that he resigned to pursue the House of Representatives seat for the Orhionmwon/Uhumwonde Federal Constituency, currently represented by Chief Billy Osawaru, who is reportedly seeking a second term.
Pius Alile stepped down from his role in the office of the Deputy Governor to contest for the Egor/Ikpoba Okha Federal Constituency. In his resignation letter dated February 27, 2026, Alile cited compliance with provisions of the newly enacted Electoral Act 2026, which mandates that political appointees and public office holders resign before contesting elections.
The Egor/Ikpoba Okha seat is presently occupied by Hon. Omoruyi Murphy Osaro, who recently defected to the African Democratic Congress (ADC) from the Labour Party.
Dr. Lucky Eseigbe also resigned to contest the Esan Central/Esan West/Igueben Federal Constituency seat.
Meanwhile, Bar Peter Uwadiae-Igbinigie stepped down from his position as Special Adviser to the Governor on Political Party Affairs to contest in the party’s March 3, 2026 State Congress for the office of State Publicity Secretary.
The mass resignations mark a significant political shift within the Okpebholo administration as preparations intensify ahead of the 2027 general elections.
The Dangote Petroleum Refinery has raised its Premium Motor Spirit (PMS) gantry price by N101, increasing the ex-depot rate from N774 to N875 per litre, a move expected to trigger fresh fuel price adjustments nationwide.
A senior official at the refinery confirmed the development on Monday, attributing the upward review to persistent volatility in global crude oil prices.
“Yes, the price has been reviewed. The new gantry price is now N875 per litre from N774. The review became necessary due to changes in global crude fundamentals and replacement costs,” the official stated.
Checks on petroleumprice.ng showed that the revised rate had already been updated, signalling a shift in downstream pricing benchmarks.
The price hike followed the refinery’s suspension of petrol loading operations effective midnight, March 2, 2026, after international crude oil prices surged past the $80 per barrel mark. Industry data indicated that PMS loading stopped exactly at midnight, halting product lifting and the issuance of Proforma Invoices — a sign that new transactions were temporarily paused.
The suspension, however, applied strictly to petrol, as Automotive Gas Oil (diesel) continued to load without interruption.
The refinery’s move sparked a ripple effect across the downstream sector, with several private depot owners reportedly halting petrol sales during the trading day.
“Several depot owners suspended PMS sales because of the crude rally. The market is already factoring in risk premiums. Nobody wants to sell below replacement cost,” a downstream operator disclosed.
The latest development comes amid heightened volatility in the global oil market, largely driven by escalating tensions between the United States and Iran, raising fears of potential supply disruptions — particularly around the strategic Strait of Hormuz.
Energy experts have warned that Nigeria may witness further increases in petrol and diesel prices if crude oil prices climb beyond $90 per barrel. According to them, prolonged instability in the Middle East could disrupt supply chains, inflate shipping and insurance costs, and push up import and refining expenses — despite the country’s expanding domestic refining capacity.
The Department of State Services have arrested a suspect named Udeme Sunday Stephen, believed to be linked to the attack on the 2023 Labour Party presidential candidate, Peter Obi, and some chieftains of the African Democratic Congress in Benin, the Edo State capital.
According to Channels Television, the secret agency arrested the suspect after a thorough investigation.
PUNCH Online had reported that Obi and some party chieftains were attacked at the residence of a chieftain of the ADC, John Odigie-Oyegun, last Tuesday.
According to the National Coordinator of the Obidient Movement, Yunusa Tanko, the incident occurred shortly after they returned from the ADC secretariat, where they formally welcomed the 2023 LP governorship candidate for Edo, Olumide Akpata, into the party.
More to come…
(Punch)
The National Police Council has unanimously endorsed the appointment of Olatunji Disu as substantive Inspector-General of Police.
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, confirmed this to our correspondent after the council’s meeting at the State House, Abuja, which lasted about 40 minutes.
“Yes, they have unanimously endorsed Disu as IGP,” Onanuga said
The gathering began at about 2:15 pm when Tinubu arrived at the Council Chamber.
The meeting is in compliance with the provisions of the Police Act 2020, which requires the Police Council to consider the appointment.
In its statement announcing the resignation of former IGP Kayode Egbetokun last Tuesday, the Presidency had indicated that the council would be convened shortly.
“In compliance with the provisions of the Police Act 2020, President Tinubu will convene a meeting of the Nigeria Police Council shortly to formally consider the appointment of AIG Disu as substantive Inspector-General of Police, after which his name will be transmitted to the Senate for confirmation,” Onanuga said in the statement.
The Police Council is chaired by the President and comprises all 36 state governors, the Chairman of the Police Service Commission, and the Inspector-General of Police.
On Sunday, two highly placed officials in the Presidency and the police establishment confirmed the scheduled meeting to our correspondent.
“The Police Council Meeting is on Monday,” one of the sources said.
The second source, also familiar with the president’s schedule, confirmed, “Yes, we are meeting on Monday. The usual time for FEC meetings is 12:00 or 1:00 pm.”
Those who attended the meeting are Vice President Kashim Shettima, Secretary to the Government of the Federation, George Akume, National Security Adviser, Nuhu Ribadu, Head of Civil Service, Didi Walson-Jack, and Governors of Enugu, Nasarawa, Ogun, Kwara, Plateau, Ondo and Lagos.
The Deputy Governor of Kogi State also attended alongside the Ministers of the Federal Capital Territory, Police Affairs and Interior.
Disu, 59, has been serving in an acting capacity since his appointment on Wednesday following Egbetokun’s exit.
Although the former IGP officially cited “family issues” in his resignation letter, Saturday PUNCH reported that he was summoned to the Presidential Villa on Monday evening and informed that he had to step down.





































