Tag: Nigerians

  • 10 Nigerians arrested as Spain, Germany crack down on criminal network

    10 Nigerians arrested as Spain, Germany crack down on criminal network

    About 10 Nigerians are among 34 suspected members of the transnational criminal organisation, widely known as Black Axe, arrested in a coordinated operation by Spanish and German authorities, with support from Europol.

    The arrests, according to a statement by Europol, followed a crackdown led by the Spanish National Police, in collaboration with the Bavarian State Criminal Police Office and backed by Europol.

    Investigators said the operation targeted the “core leadership” of the group operating in Spain.

    Police said 28 suspects were arrested in Seville, three in Madrid, two in Málaga and one in Barcelona.

    Authorities added that the suspects are believed to be linked to large-scale fraud schemes that caused financial losses estimated at more than €5.9 million.

    During coordinated raids on residences and other locations connected to the suspects, investigators fr oze €119,352 in bank accounts and seized an additional €66,403 in cash.

    The Black Axe is commonly associated with the Neo-Black Movement of Africa and is regarded by European law enforcement agencies as one of the most organised and sophisticated criminal networks operating across borders.

    Sources said the group is believed to have started as a cult in Nigerian universities before it spread and became a transnational organisation.

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    “It divides its territory into approximately 60 zones in Nigeria and 35 abroad, with about 200 members per zone. In total, the organisation has roughly 30,000 registered members, and countless affiliated individuals such as money mules and facilitators.

    “The group enforces strict codes of conduct, violent and ritualistic initiations, and spiritual practices,” Europol said in its January 9 statement.

    Investigators say the group is involved in a range of criminal activities, including cyber-enabled fraud, drug trafficking, human trafficking and prostitution, kidnapping and armed robbery.

    European authorities estimate that the organisation generates billions of euros yearly through numerous small-scale operations which, when combined, cause significant economic and social harm across multiple countries.

    As part of the investigation, Spanish and German authorities engaged in extensive intelligence sharing and joint operational planning.

    Two German officers were deployed to Spain during the action, while Spanish investigators received analytical and operational support from their German counterparts.

  • Nigerians love zero-sum game

    Nigerians love zero-sum game

    Moderation, middle of the road, restraint are virtues now almost completely alien to Nigerians. Islamic cleric Ahmed Gumi threatens the republic on behalf of Fulani herdsmen, arguing apocalyptically that going to war with them over banditry and killings would be counterproductive and unwinnable. Pascal Chibuike Okechukwu, alias Cubana Chief Priest, night club owner and former shoemaker, threatens the ruling APC with defeat in the next presidential poll for jailing IPOB leader Nnamdi Kanu. Oyo governor Seyi Makinde also threatens ‘to use madness to cure madness’ should the 2027 poll be rigged. His assumption, of course, is that should the PDP lose, then the elections were rigged. And then, former vice president Atiku Abubakar, always hyperbolic and vengeful, Peter Obi, ever so highfalutin, and other African Democratic Congress (ADC) leaders, have also jointly threatened that chaos would ensue if the next elections were rigged. In all, every one of these threateners indicate that their loss would equate with the ruling party rigging the polls.

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    The social media is not left out. There have been torrents of threats against the republic should the republic persist in fighting bandits laying the society waste. And there is also the owner of Air Peace threatening that if the new tax laws were not repealed or suspended, airline business would collapse inside a month. And finally, Nigeria’s neocolonial elite still bewitched by America and the irreverent President Donald Trump have threatened that should the APC rig the elections, US would give Nigerian leaders the Nicolas Maduro treatment. Truly sad. Flowing from the threats, it is clear that most Nigerian political and business elite are overrated.

  • ‘How Nigerians can get good bargain, best deals’

    ‘How Nigerians can get good bargain, best deals’

    Ademuyiwa Adebola Taofeek is the CEO at Royale PR, and co-founder of Bango Nigeria, a data-driven platform which aims to help Nigerians get value for money, especially across all the market segments including fast moving consumer goods and others. In this interview with Ibrahim Apekhade Yusuf, the techpreneur shares insights on how his team is changing the narrative within the business ecosystem. Excerpts:

    You have expressed concern over what you described as arbitrary pricing. Do you think this battle is worth the while?

    No doubt, the Nigerian market is indeed the buyer’s nightmare with the different price regimes being arbitrarily forced on the unsuspecting consumers by mostly shylock sellers who in their greed will do everything to profiteer at the expense of the buying public. The result is that the hapless consumers use up their disposable income without getting any real value for money and ultimately the economy is the worst for it because of price inflation, which adversely affects the general living condition.

    This is why we decided to offer a provable solution to address this seeming challenge which easily sticks out like a sore thumb. Myself and Caleb Adenegan, my partner, conceived the idea of Bango, a data-driven concept to confront the hydra-headed monster of price arbitrariness, pauperisation of the consumers, to mention just a few.

    But the name Bango Nigeria sounds foreign. What does it mean? Is it a local or foreign derivative?

    It was derived from two words, which are Bargain and Go. It is not a foreign derivative. What informed the choice of name is that we needed a name that expressed a satisfied experience, something that showed a buyer had a good experience before leaving the market. Bango is all about helping buyers save money and time when they go to the market by providing them realtime information on what other buyers are paying in markets around them. It is a system we’ve built to reward fair pricing and sellers that do well by buyers.

    Besides, Bango was inspired by the experience of the founder, who two years ago intended to get baskets of tomatoes for Salah in Lagos but was quoted a very ludicrous price, which he believed the farmers who actually planted the tomatoes would not benefit much from. He made a tweet about it, and some people tried to justify it. He then went ahead to get the tomatoes from Jos and found out that the total price it took for him to buy and get them delivered to his house in Lagos was not up to one-third of the price he was told in the Lagos market. The realisation that there are sellers offering fair prices and doing well by buyers in markets across the country, but that people hardly hear of them, was what inspired the creation of Bango.

    Which organisation  are you benchmarking your standards with, in terms of the projections for Bango?

    To be honest, at the moment, we are building a commerce platform that actually works for us as Nigerians and Africans, and the benchmark is us, as this is a never-been-done-before solution.

    What is the unique selling point of Bango?

    It is community-powered.

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    With the benefit of hindsight, Bango comes across as a data-driven service. What is the authenticity or believability of this data? Do you have a way of verifying the data?

    Buyers are the ones who post these prices. If a buyer goes to a seller based on information uploaded by another buyer and the seller tries to be inconsistent with pricing, buyers will have the ability to make comments and report the inconsistency for other community members to be aware of. Remember, this is community-driven.

    Without sounding patronizing, I know you’re offering a public service, no doubt with intrinsic value to it. But as they say, what’s the WFM: what’s in it for you? Who is bankrolling the project?

    What we want to achieve is to help everybody save money and time, and this cuts across every part of the process involved in purchasing these commodities and delivery. It is currently bootstrapped because, right now, we want to first show people how letting each other know what the market is saying can help them go to the market more equipped with the right information. This, in turn, empowers them and helps them save money and time.

    In terms of user interface, how easy is it for prospects to navigate the site?

    At the moment, it is very easy to use. All you have to do is sign up and either find prices or submit prices. We intend to continue to make it easier as we progress.

    Bearing in mind that the majority of sellers dealing in consumer goods and produce are averagely literate, and the digital divide among this group could be wider compared to the literate community of buyers, how can they benefit from the service?

    It doesn’t matter if you are illiterate or literate when it comes to Bango. It doesn’t require literacy to do well by your buyers—that’s all you need to do as a seller. You do well by your buyers, and your buyers share it with other buyers by sharing the experience on Bango.  At the moment, it is very easy to use. All you have to do is sign up and either find prices or submit prices. We intend to continue to make it easier as we progress. The site usability is very seamless because once you log in it just pops up. https://www.bango.ng

    Are you thinking of infusing local dialects so as to be able to appeal to that segment of the market?

    Yes, we are. Before every price is submitted, a seller must consent to their information being shared.

  • Traditionalists advise Nigerians to prioritise peace, unity

    Traditionalists advise Nigerians to prioritise peace, unity

    Traditionalists under the aegis of the Ancient Religious Societies of African Descendants International Council (ARSADIC) have advised Nigerians, irrespective of their religious faith or ethnic background, to prioritise the peace and unity of Nigeria.

    The traditional worshippers, who acknowledged that Nigeria’s strength lies in its ethnic and cultural diversity, therefore, called on Nigerians to always tolerate one another and show commitment to the nation’s survival.

    In a New Year message to Nigerians, the ARSADIC President, Aare (Dr.) Ifagbenusola Atanda said Nigeria, as a nation with the highest concentration of black people in the world,  should at all times remember its economic power and relevance in the African continent.

    The ARSADIC prayed for President Bola Ahmed Tinubu and the nation to be blessed with divine wisdom to handle the myriad challenges, including economic and security problems, confronting Nigeria.

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    They maintained that, from 2026, every part of Nigeria must share a common development goal, arguing that working together as one entity, the nation would enjoy peace and unprecedented development.

    Congratulating the Federal Government on last year’s achievements across sectors of the economy, the group also prayed that the New Year would be far better than 2025.

    The ARSADIC, which has been a platform for every indigenous African spirituality since its creation in 1795, said: “The Federal Government must champion oneness, encourage our people to eschew divisive tendencies, particularly in politics and religion. With courage, tolerance, resilience, responsible and collective leadership, as traditionalists, we believe that the journey of our national life in 2026 will be peaceful, smooth, and it will be full of happy events.

    “All religious leaders have a huge responsibility to Nigeria and Nigerians. The truth is, if we are not ready to work together and speak with one voice on national issues, it would be difficult for us to survive as a nation.”

  • The opposition’s ‘Nigerians’

    The opposition’s ‘Nigerians’

    Vagueness, the insufficient specification of the meaning of an utterance, is one of the characteristics of political language. This characteristic makes political utterances potentially ambiguous. Ambiguous utterances possess more than one clear meaning; and vagueness and ambiguity often create conflict between what speakers intend by their utterances and what hearers perceive the utterances to mean. This conflict is one of the reasons why politicians are said to lie and create confusion.

    In Nigerian politics today, one interestingly vague and increasingly popular opposition utterance which concerns the ruling All Progressives Congress (APC) is: “The 2027 election is going to be between APC and Nigerians.” It’s not clear who first uttered this statement. It’s however certain that it has become an opposition catchphrase. According to Merriam Webster dictionary, a catchphrase is “a word or expression that is used repeatedly and conveniently to represent or characterize a person, group, idea, or point of view.”

    On 3 November, 2024, Governor Seyi Makinde of Oyo State, who belongs to the Peoples Democratic Party (PDP), addressed party members as follows: “If you’re accusing the ruling party that they are the ones putting their hands into all other parties to ensure that they don’t get their acts together so that there will be no opposition in 2027, … please let us all work together, unite our base. That is all we need to do. The next elections will be APC versus Nigerians. It is not even APC versus PDP.”

    Moreover, on 15 April, 2025, in a Channels Television interview, Governor Makinde said: “Most people in this country, what they’re saying to us is that, look you guys, go and get yourselves together and then leave the rest to us. And I kept saying it, 2027 election … won’t even be PDP versus APC. It will be Nigerians versus APC.”  Furthermore, on 14 October, 2025, Governor Makinde said in a media chat in response to the spate of defections of legislators and governors from PDP to APC: “[A]bout governors defecting, senators defecting, … we’re not concerned and we’re not bothered, because the ultimate decider here will be the Nigerian people.” Then in a rhetorical flourish, he said: “[T]he only time I’ll be concerned or … that we will be concerned as a party is when we see hunger defect from the ordinary people on the street and join APC.”

    A stalwart of the PDP, Mazi Dickson Iroegbu, also reacted to the possible effects of the defections as follows in a 28 October, 2025 News Central TV interview: “[Our party] is the Peoples Democratic Party, not ‘Governors Democratic Party’, ‘Senators Democratic Party’, not ‘House of Representatives Democratic Party’. … Like the Governor of Oyo State rightly stated, until hunger defects, until poverty that is ravaging the nation defects, until insecurity defects to the ruling party, … we will [not] worry. … Let me put it on record … that 2027 is going to be Nigerian people against the APC, because we are the ones directly affected [by APC’s governance].”

    The catchphrase has been used by other opposition politicians. For example, in a 16 October, 2025 Premium Times piece titled “Defections: ADC says 2027 elections will be between APC and Nigerians,” the National Publicity Secretary of the African Democratic Congress (ADC), Bolaji Abdullahi, was reported to have said: “2027 would be between Nigerians and the governors ‘who deserted them politically.’” Two readers of the Premium Times report demonstrated their sharp perception of the acute vagueness of the opposition catchphrase through their comments. One of them, Eugene Igiewe, said sarcastically: “Those who will vote for APC are from the moon.” The other one, Adeyinka Peter Kolawole, asked rhetorically: “Are the governors from Ghana? Are they not Nigerians?”

    Even as late as 10 November, 2025, the former Secretary to the Government of the Federation, former member of APC and current ADC chieftain, Mr. Babachir Lawal, while reacting to the remarkably poor performance of his party relative to that of the All Progressives Grand Alliance (APGA) in the 8 November, 2025 Anambra State governorship election said: “[O]ur battle is in the coming election in Nigeria versus APC, not APGA.” This is another example of the appropriation of the label ‘Nigerians’ by the opposition and the exclusion of members of the ruling APC from the term’s coverage.

    The opposition catchphrase seems to be a mark of despondency and the abandonment of any hope of offering any meaningful challenge to APC in 2027. In a research article titled “What kind of opposition do citizens want?” and published online on 9 June, 2025 in the journal West European Politics, Tom Louwerse and Elina Zorina note that one of the functions of opposition parties is “providing voters with alternative, both in form of policies different from the ones proposed by the incumbent government, but also in form of an alternative cabinet [or government] at the next elections.” This is the democratic duty of legally recognised Nigerian political parties like PDP and ADC, and not that of the nebulous ‘Nigerians’ to whom the opposition seem to have voluntarily ceded electoral responsibility.

    Read Also: Shettima urges Nigerians abroad to invest at home

    Another tired opposition catchphrase or even buck-passing cliché which has resonated with some Nigerians is that APC is working towards creating a one-party state. The charge had been so strident that Iniobong Ibok and Taofeek Oyedokun published a 4 May, 2025 report in BusinessDay titled, “Is Tinubu plotting a one-party state in Nigeria?” The report stated: “Notably, 17 prominent Nigerians, among them human rights advocate Chidi Odinkalu, legal activist Richard Akinnola, and former presidential adviser Babafemi Ojudu, issued a joint statement on April 25, 2025, titled ‘Defending democracy: A call to resist the march toward a one-party state in Nigeria.’”

    Furthermore, with respect to allegations that the incumbent government had been unduly pressurising or bribing opposition members to defect to APC, the report noted: “Although the fears are not unfounded given Nigeria’s political history, the current wave of defections lacks hard evidence of coercion or systemic abuse. The claimants have not presented documents, recordings, or testimonies that substantiate allegations of bribery or blackmail originating directly from the presidency or federal authorities.”

    Ironically, the main opposition party PDP, which has been stridently promoting the one-party state narrative, has been dragged to court by a founding member of the party, Alhaji Sule Lamido, for depriving him the right to purchase an application form to enable him to vie for the position of National Chairman in the anticipated elective national convention of the party. He prayed the court to order the convention to be stopped until a level playing field has been guaranteed. In reaction to the 11 November, 2025 Federal High Court, Abuja, restraining order issued in favour of Alhaji Lamido and against the holding of the convention, a former PDP Deputy National Chairman, Southwest, Eddy Olafeso, in an interview with Channels Television’s Seun Okinbaloye, said that the agenda of those who did not want the national convention of the party to hold “is to entrench a one-party state.”

    Related to the defeatist opposition catchphrase is also the claim that the opposition is not bothered by the recent defection of governors, especially from the PDP, into the ruling APC. The opposition’s argument, in this respect, is that a governor has only one vote, and that in 2023, for example, President Bola Ahmed Tinubu lost elections in some states with APC governors. The fallacy in this argument is that the new defections of governors into the party give no cause to cheer. Well, an English proverb, associated with the Greek philosopher, Heraclitus, says, “You can’t step in the same river twice.” The political circumstances in 2023 were radically different from those of today, and would most certainly be different from those of 2027.

    Having created the impression, through the opposition catchphrase, that they have washed their hands off any responsibility to give the electorate a credible alternative come 2027, the opposition seem to have a lot of idle time on their hands to engage in all sorts of political shenanigans. For example, on 31 October, 2025, shortly after a Federal High Court in Abuja ruled that the National Convention of the PDP scheduled for 15 to 16 November, 2025 did not follow due process and ordered the Independent National Electoral Commission (INEC) not to observe the convention and not to recognise the resolutions from it, a chieftain of the PDP, Umar Sani, condemned the judgement in his interview with Trust TV’s Hamza Idris.

    He also said that the fear that the National Legal Adviser of the party, Kamaldeen Ajibade, SAN, was working against the party in cahoots with the incumbent PDP-member Minister of the Federal Capital Territory, Abuja, Nyesom Wike, was the reason the National Chairman, Ambassador Umar Iliya Damagum, appointed a legal team led by another lawyer, Chris Uche, to represent the party rather than allow the National Legal Adviser to coordinate the party’s legal defence in court, as specified by the party’s constitution.

    The National Secretary, National Legal Adviser, Deputy National Legal Adviser, and National Organising Secretary of PDP, who presumably belonged to Wike’s group, were subsequently suspended from the party by the National Chairman and his group. Counteracting the suspension, the Wike group led by the National Secretary announced their own suspension of the National Chairman and some officers of the party for incompetence, financial misconduct and disregard for court judgement. Abdulrahman Muhammed was thereafter declared the new Acting National Chairman of PDP. Shortly after, his faction declared their disbandment of the Board of Trustees of the party and the appointment of a new one. The other opposition parties, probably with the exception of APGA, are bedevilled by their own debilitating crises.

    The results of the 2025 Anambra State governorship election seem to show what the consequences of such crises could be. INEC announced that out of 584,054 accredited voters, the ruling party in the state, APGA, scored 422,664 votes; the ruling party at the federal level, APC, scored 99,445 votes; the less well-known Young Progressives Party (YPP) scored 37,753 votes; Labour Party (LP), the party of the former governor of the state and 2023 presidential candidate of the party, Mr. Peter Obi, scored 10,576 votes; ADC scored 8,202 votes; and the main opposition party in the country, PDP, scored 1,401 votes. 

    It is hoped that, moving forward, the opposition would recalibrate and strive to hold themselves up as a credible alternative to APC, rather than throwing up their hands and defeatistly saying that the 2027 election is going to be between APC and ‘Nigerians’. As things stand now, that vague and uninspiring expression seems to be a euphemistic repudiation of democratic or electoral responsibility. It is like the proverbial one finger pointing at APC, while the remaining four are pointing at the opposition parties themselves in a most unflattering manner. 

  • 81 percent Nigerians view ride-hailing services as safer option – Report

    81 percent Nigerians view ride-hailing services as safer option – Report

    A new report commissioned by Bold and conducted by research outfit, Ipsos, has revealed that 81percent of Nigerian passengers/commuters view ride-hailing services as safer transport options compared to other transport alternatives.

    The report, based on surveys conducted across major cities including Lagos, Abuja, Port Harcourt, and Ibadan, explores how safety perceptions influence transport choices and underscores the growing trust in app-based mobility and its role in enhancing personal safety across cities.

    The findings were unveiled at a press briefing hosted by Bolt, which brought together government representatives, mobility experts, and safety advocates to discuss insights from the study and Bolt’s ongoing commitment to safe, reliable urban mobility.

    Results show that Nigerians choose ride-hailing primarily for safety and convenience. Nearly all respondents (96%) said they opt for ride-hailing when public transport feels unsafe, particularly during late-night travel, in unfamiliar areas, or after drinking alcohol. 94% also said they have booked rides for family members or friends to ensure their safe return home; while two-thirds of respondents (66%) believe ride-hailing apps help reduce drunk driving by offering a reliable and accessible alternative.

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    The survey also found that women make up 70% of ride-hailing users in Nigeria, with the largest demographic aged 25–34 years.

    Safety-enhancing features such as real-time GPS tracking (62%), driver verification (58%), and trip sharing (49%) were identified as key tools that increased passenger confidence.

    General Manager, Bolt Nigeria, Osi Oguah said: “Safety is at the core of everything we do at Bolt,” adding that the outfit “will continue to invest in technology, partnerships, and awareness to ensure every ride on Bolt is not only affordable and reliable but also safe.”

    Commending Bolt for the initiative, the Lagos State Commissioner for Transportation, Oluwaseun Osiyemi who was represented by the Director Transport Operations, Ministry of Transport Lagos said: “The decision by Bolt to commission an independent safety perception study is commendable and forward thinking. It demonstrates a genuine commitment to listening to users, understanding their concerns, and continuously improving the ride-hailing experience. This reflects the spirit of partnership that drives our collective progress in the transport sector”.

    The Ipsos representative, Stephanie Kanyiri, added: “The findings reflect an encouraging trend, Nigerians increasingly see ride-hailing as a trusted and secure mobility option. Safety features that enhance visibility, accountability, and control are major drivers of confidence among passengers, especially in urban centers.”

  • 50 ways tax reforms will benefit Nigerians, by Taiwo Oyedele

    50 ways tax reforms will benefit Nigerians, by Taiwo Oyedele

    Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has outlined 50 tax exemptions and reliefs designed to ease the financial burden on low-income earners, average taxpayers, and small businesses under Nigeria’s new tax reform laws, which will take effect from January 1, 2026.

    Oyedele said the tax reform was a comprehensive package and represented one of the most people-focused tax reforms in Nigeria’s recent history, targeting fairness, simplicity, and inclusiveness in the country’s fiscal system.

    He said the reform framework is part of the government’s commitment to “ensure that the masses and small businesses can thrive under a more just and growth-friendly tax environment.”

    According to him, under the anew laws, individuals earning the national minimum wage or less will be exempt from Personal Income Tax (PIT), while those earning up to N1.2 million annually will also enjoy full exemption. In addition, workers with an annual gross income up to N20 million will benefit from a reduced Pay As You Earn (PAYE) rate.

    Also, all gifts received by individuals are now tax-free, while several deductions will be allowable for personal tax computation. These include contributions to pension funds, the National Health Insurance Scheme, and the National Housing Fund, as well as interest on loans for owner-occupied homes and life insurance or annuity premiums.

    Renters will also receive a rent relief amounting to 20 percent of their annual rent, up to a ceiling of N500,000.

    To protect retirees, all pension funds and assets under the Pension Reform Act remain tax-exempt. Likewise, pension and gratuity payments, as well as retirement benefits, are tax-free. Compensation for loss of employment up to N50 million will also be exempt.

    The new law exempts the sale of an owner-occupied house and personal effects worth up to N5 million from Capital Gains Tax (CGT). Similarly, individuals can sell up to two private vehicles per year without tax liability.

    Gains from shares below N150 million per year or up to N10 million will be exempt, while higher gains will also qualify for exemption if the proceeds are reinvested. Pension funds, charities, and non-commercial religious institutions will not be subject to CGT.

    For businesses, the reform grants small companies — those with annual turnover not exceeding N100 million and total fixed assets below N250 million — a zero percent Companies Income Tax (CIT) rate. Eligible startups under Nigeria’s labeled startup framework will also enjoy tax exemption.

    To encourage better worker welfare, companies offering salary increases, wage awards, or transport subsidies for low-income employees will receive a 50 percent additional deduction. Similarly, businesses hiring and retaining new staff for at least three years will get a 50 percent employment relief deduction.

    Agricultural enterprises in crop production, livestock, and dairy farming will receive a five-year tax holiday, while investors in labeled startups — such as venture capitalists, accelerators, and private equity funds — will enjoy exemptions on qualifying investment gains.

    Value Added Tax (VAT) exemptions and zero-rated items are among the most extensive in the new law. Basic food items, educational services and materials, health and medical services, and pharmaceutical products will attract zero percent VAT. Rent, transport services, and humanitarian supplies are fully exempt.

    Read Also: Oyedele unveils 50 tax reliefs, benefits for Nigerians

    Small companies with turnover not exceeding N100 million will not be required to charge VAT, while VAT on diesel, petrol, solar equipment, and agricultural inputs such as fertilizers, seeds, and feeds has been suspended or exempted.

    Other exempt categories include baby products, sanitary towels, disability aids such as hearing aids and wheelchairs, and electric vehicles and their parts. Land and buildings also remain exempt from VAT.

    Small companies, manufacturers, and agricultural businesses will no longer face withholding tax deductions on their income or payments to suppliers. In addition, small businesses will be exempt from the four percent development levy previously applicable.

    To ease electronic transactions, transfers below N10,000 will not attract stamp duty. Salary payments, intra-bank transfers, and transfers of government securities, shares, or stocks are also exempt. All documents related to share transfers are covered under this relief.

    Oyedele also announced a civic initiative tagged “Influencing for Good,” aimed at empowering content creators and influencers to educate the public on Nigeria’s new tax reforms.

    “We are selecting 20 creators who have demonstrated commitment to public enlightenment for a special training session to help them share accurate and useful tax information,” he explained.

    The 50 tax exemptions and reliefs mark a significant shift in Nigeria’s fiscal policy direction — one that prioritizes equity, productivity, and relief for households and businesses as the nation works toward a fairer and more efficient tax system.

  • Wealthy Nigerians turn to Chinese solar panels as grid falters

    Wealthy Nigerians turn to Chinese solar panels as grid falters

    By Njenga Hakeenah

    Wealthy Nigerians are fueling a surge in Chinese solar panel imports, underscoring the country’s deep energy crisis, where more than one-third of the population continues to live without access to electricity.

    While acknowledging the electricity access problem, Ebipere K. Clark, a consultant specialising in energy, infrastructure, finance, and climate action, notes, “…but this is not driving solar panel purchases. The more wealthy are buying panels for their rooftops. This is for commercial and industrial as well as residential customers.”

    He adds that the main reason Nigerians are turning to solar energy is for energy security and predictability, “against an epileptic grid.”

    These frequent grid failures have made electricity supply unreliable, prompting the emergence of solar panels as more dependable alternatives. And now, some Nigerian and Chinese companies are working on establishing local solar panel manufacturing to expand energy access and create employment opportunities.

    However, even as solar manufacturing appears to be a better alternative for Nigeria, Ebipere, who is also a managing partner at the sustainability policy, projects and finance specialist advisory firm, Frontier-Alpha LLP, notes that the country, through its large self-generation capacity, offers the largest market in Africa for generator set replacement. Nigeria has approximately 3 million generators, which is nearly half the number in use across Africa.

    He notes that due to this factor, manufacturers should view Nigeria not only as a consumer market but also as a production destination.

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    Solar manufacturing is a complex and heavily dependent process, heavily reliant on abundant supplies of both water and energy — two factors that pose significant challenges for Nigeria and other African countries in competing with Chinese producers.

    Nicola Licata, a Shanghai-based environmental, social, and governance project manager, observes, “Imports from China will persist because of supply chain realities. Even if African producers can assemble modules or cells, the machinery and most upstream materials — including silica wafers — still come from China.”

    Wafers are thin, flat slices of silicon, which is made from sand, that serve as the base material for making electronic chips. They act like the foundation where tiny circuits are built, powering solar panels. Chinese manufacturers have perfected their solar manufacturing processes, giving them an edge over those who are just starting to develop their systems.

    Given these constraints, Nigeria and other African nations are likely to keep relying on Chinese imports in the near term.

    High tariffs and taxes on equipment and components make domestic production less competitive. Just as important, many countries lack supporting industries like glass, aluminum, and sulfuric acid production, which are critical to solar manufacturing.

    The supply chain is limited not only for essential materials like cells but also for auxiliary inputs, including glass, back sheets, and EVA, a type of durable plastic that works like glue, holding the solar cells in place, protecting them from vibrations or shocks, and sealing them from moisture, dirt, and air.

  • Centre to empower Nigerians through innovation

    Centre to empower Nigerians through innovation

    Ananse, in partnership with Mastercard Foundation, and support of  Federal Ministry of Art, Culture & Creative Economy, has launched Ananse Centre for Design Lagos to empower young fashion creatives with skills, tools, and market access to grow their businesses in the creative economy and create sustainable jobs.

    The 1,200-square-meter facility Centre at 10A Nike Art Gallery Road, Lekki Ikate, will amplify Ananse’s goal to enable more than 5,000 fashion and design-focused creatives and produce 50,000 jobs, with 70 per cent of participants being young women. This initiative will address gaps in the fashion industry and serve as a hub for creativity, skill development, and entrepreneurship, further driving innovation and inclusion in Nigeria’s fashion industry.

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    Participants of the training will benefit from 22 courses in five modules: Business Skills, Business Development, E-commerce, Marketing, and Product Development, delivered physically at the centre’s fashion hub and virtually through interactive sessions.

    “Ananse Centre for Design Lagos is more than a space, it is a catalyst for change. By combining training, infrastructure and global market access, we are giving young creatives, especially women, the chance to turn their talent into sustainable livelihoods. This launch marks an important step in building a future where African design thrives locally and globally,” said Samuel Mensah, founder and chief executive officer of Ananse.

    The centre will feature training rooms for mentorship and masterclasses, content studios to amplify brands, photography and Computer-Aided Design labs for product development, and specialised studios for leather, clothing, shoes, and bags.

    A private showroom will provide space to showcase designs, while co-working spaces will foster collaboration and peer learning.

    Though anchored in Lagos, the centre will welcome participants from Africa.

  • Senate proposes 10-year passport ban on Nigerians convicted abroad

    Senate proposes 10-year passport ban on Nigerians convicted abroad

    The Senate yesterday moved to impose a 10-year passport ban on Nigerians who have been convicted and deported from foreign countries over criminal activities.

    This move followed the second reading of a Bill titled: “A Bill to amend the Passport (Miscellaneous Provisions) Act, Cap. P343 Laws of the Federation of Nigeria, 2004,” sponsored by Senator Bello Sani Abubakar (APC, Niger North).

    Presenting the lead debate on the Bill on behalf of the sponsor, Senator Mohammed Ogoshi Onawo said the Bill was intended to highlight the need for more provisions in the extant legislation to globally preserve, sanctify, and redeem the image of the Federal Republic of Nigeria.

    He said the Bill sought to provide for measures towards preserving the image of Nigerians while abroad and the Federal Republic of Nigeria.

    “The implication of the proposed amendment is that where a Nigerian commits any of the foregoing offences in a foreign country and is convicted for the crime, the international passport of the convict would be withdrawn for 10 years. This measure serves as a veritable deterrent to the commission of crime in a foreign country.

    “This proposed amendment will redeem, preserve, and elevate the image and integrity of our dear country. It is also an opportunity for us to demonstrate our commitment to good governance and stance against crimes and criminalities.”

    In his lead debate, Onawo averred that the proposed amendment to the extant Act had become imperative and compelling as a veritable action to effectively redeem the severely tarnished image of Nigeria in the eyes of the international community.

    The lawmaker said there was a need to enact a strong disincentive for the commission of crimes by Nigerians across international jurisdictions.

    He said: “The commission of crimes by Nigerians in foreign jurisdictions has dealt a crashing blow to the reputation and image of Nigeria, and is costing us stupendous disgrace in the diplomatic community and in international transits.

    “It projects Nigerians as personae non grata to whom foreign visas are restricted or denied, with a negative effect on our national interest.

    “Countries like China, Turkey, Canada, France, Egypt, Germany, Ethiopia, South Africa, Russia, the United Arab Emirates, among others, which are destinations of interest to our citizens, apply stringent visa rules to Nigerians.

    “A major reason for the visa restriction is the significant commission of crimes and conviction of Nigerians in those countries.

    “Though profiles of crimes by Nigerians in foreign countries are protected for human rights reasons, as Chairman of the Senate Committee on Foreign Affairs, and being privy to the issues in the diplomatic community, the detriment of such crimes to our foreign affairs, the harm to our bilateral and multilateral interests, and the dent to our image and integrity, I am convinced, that it is incumbent upon us as a country to act and demonstrate responsibility to ending the indulgence of our citizens in crimes anywhere in the world.

    “As a consequence of the injury to the integrity of our country from crimes by our citizens in foreign jurisdictions, innocent and patriotic Nigerians suffer harassment in international transits, denial and hardship in visa applications, discrimination and negative stereotype in social dealings, costs and distress.

    “The green passport is widely discountenanced and the sovereign pride it intrinsically bears has severely diminished. That is nothing less than a state of emergency!

    “The Legislature is mandated, under Section 4 of the Constitution, with lawmaking for the peace, order and good governance of Nigeria.

    “The extant law on Passport  (Miscellaneous Provisions) Act is good, but good is the enemy of better.

    “It would do better if amended with provisions that impose an extra layer of deterrents to the commission of crime by our citizens in foreign countries.

    “It would demonstrate responsibility on our part to discourage the perpetration of crime by our citizens and to redeem the image of our country.”

    In their contribution, the senators supported the Bill and approved that it should be read for a second time when it was put to a voice vote by Senate President Godswill Akpabio.

    Supporting the Bill, Senator Babangida Hussaini (Jigawa Northwest) called for a tighter control over passport issuance to prevent non-Nigerians from fraudulently obtaining the country’s passports.

    He said: “Nigerians of all shades and colours are being disrespected in foreign lands because of the ease of acquiring Nigerian passports.

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    “In some cases, crimes committed by foreigners are attributed to Nigerians simply because they carry our passports.

    “We must reclaim the dignity of the green passport. When non-Nigerians use it to commit crimes, and Nigerians are profiled for it, that is an injustice to our people.”

    Akpabio also threw his weight behind the Bill, describing it as “a bold step to preserve the dignity and integrity of Nigerians”.

    He recalled a case in Dubai where a group of black men committed robbery using Nigerian passports but were later discovered not to be Nigerians.

    “This Bill will help tighten the process of passport issuance and ensure that those who mess up the country’s image abroad face the consequences.

    “Any Nigerian who tarnishes our image should not only face imprisonment abroad but also lose their passport for at least 10 years,” Akpabio said.

    The Bill, which enjoyed unanimous support on the floor, was referred to the Senate Committee on Interior for further legislative work and public hearing.

    If passed, the law will make Nigeria one of the few African countries with domestic legislation sanctioning citizens convicted of crimes in foreign jurisdictions, as part of efforts to restore global respect for the Nigerian passport.

    Akpabio added: “I applauded this bill when I first read it, because it speaks to preserving the integrity and international reputation of our nation.

    “So, as this bill, when it goes through public hearing and all, and comes back to us, and we send it to Mr. President for assent, and the concurrence of our colleague in the House of Representatives who helped to cope such incidents, who tightened the ways and manner in which Nigerian passports circulate in the hands of foreigners, and also where a Nigerian goes to mess up the image of the country, such a Nigerian should not just go to prison and be deported to Nigeria.

    “Such a person should actually lose an international passport for at least 10 years, or 10 to 20 years, to serve as a deterrent.”