Politics

NBA, Atiku demand new tax law suspension

The Nigerian Bar Association and former Vice President Atiku Abubakar, on Tuesday, have raised serious concerns over alleged post-legislative alterations to the recently enacted Tax Reform Acts, calling for the immediate suspension of their implementation. In a statement on Tuesday, NBA President, Mazi Afam Osigwe (SAN), said the controversies surrounding …

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Budget crisis: NASS extends 2025 fiscal year to March

In a major fiscal reset aimed at addressing revenue shortfalls, weak capital execution and overlapping budget cycles, the National Assembly on Tuesday approved a revised N43.5tn 2024 Appropriation Act and a reworked N48.3tn 2025 budget framework, with the 2025 fiscal year extended to March 31, 2026. The approval followed marathon …

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Reps approve revised N43.56tn 2024, N48.31tn 2025 budget

The house of representatives has approved the revised N43.56tn 2024 budget after adopting the report of the house committee on appropriations. The approval followed the conclusion of clause-by-clause consideration by the committee of supply and the passage of the budget for third reading at plenary on Tuesday. Tajudeen Abbas, speaker …

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Dangote, Monopoly Power, and Political Economy of Failure

BY BLAISE UDUNZE Nigeria’s refining crisis is one of the country’s most enduring economic contradictions. Africa’s largest crude oil producer, strategically located on the Atlantic coast and home to over 200 million people, has for decades depended on imported refined petroleum products. This illogicality has drained foreign exchange, weakened the …

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