The suspended Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has been arrested by the Department of State Services (DSS).
President Bola Ahmed Tinubu suspended Emefiele yesterday, June 9 and said that he was under investigation. The President asked the sacked CBN boss to hand over to Folashodun Adebisi Shonubi as the acting Governor of apex bank. The secret police had wanted to arrest Emefiele before now but for the quiet intervention of former President Muhammadu Buhari. The DSS even went to court to secure an order to effect Emefiele’s arrest for alleged terrorism financing offence.
President Bola Ahmed Tinubu has made it clear that Nigeria cannot continue to feed smugglers and be Father Christmas to neighbouring countries in the name of oil subsidy. President Tinubu, who addressed traditional rulers from across the country at the presidential villa, Abuja, today, June 9, said: ‘‘I am grateful that you are paying attention to what I have been doing. “You have paid attention to the subsidy removal. “Why should we in good heart and sense, feed smugglers and be Father Christmas to neighbouring countries, even though they say not everyday is Christmas? ‘‘The elephant that was going to bring Nigeria to its knees is the subsidy. “A country that cannot pay salaries and we say we have potentials to encourage ourselves. I think we did the right thing (by removing the subsidy).” President Tinubu however, appealed to the traditional leaders to persuade Nigerians to have faith and that the pump prices of fuel will eventually come down. He acknowledged concerns being expressed on the need for critical infrastructure in different parts of the country, vowing to remove any road block on the way of the progress of the Nigeria people. He told the traditional rulers under the aegis of National Council of Traditional Rulers that there can be no development without capital projects. On the leadership of the National Assembly, the President called the Royal Fathers to counsel their subjects who are interested in elective positions to manage their ambitions, and create harmony within the legislative house. President Tinubu said that he is ready to work with any elected representative from the National Assembly because Nigeria project is of paramount importance to him. ‘‘Nigeria must survive. Nigeria must develop. Nigeria must make progress.” On security, the President reiterated his pledge to Nigerians to prioritise the sector until every Nigerian “goes to sleep with their two eyes closed.’’ He emphasized that the unity and togetherness of the country cannot be compromised, saying that every region of the country would get what it is due. ‘‘We are going to tackle youth unemployment. It is only when we have the prosperity for the country that we can create jobs that will employ our youths.’’ Condemning crude oil theft in the Niger Delta region by a ‘tiny percentage’ of the population, President Tinubu said it was counterproductive to the growth of the economy. ‘‘We need to tame those involved in this sabotage and we will work as hard as possible to ensure that the diversity of this country is used for its prosperity, growth and stability.’’ President Tinubu told the traditional rulers that with the campaigns and elections over, he is ready for governance, and that his government has already signed a law that extends the retirement age of judicial officers from 65 to 70 years, while also addressing pension reforms. On electricity, the President said that a constitutional amendment signed into law now would allow Nigeria’s 36 States to generate electricity. ‘‘That’s devolution of power and that should be our contribution to the developmental projects you are looking for and we will continue in ways that will help our people.” President Tinubu thanked members of NCTRN for their early visit and prayers for the success of his administration. ‘‘Without your prayers and support, I cannot stand before you as President and I thank you for your support during the campaigns,’’ he said. In separate remarks, the Chairman and Co-Chairman of NCTRN, the Sultan of Sokoto, Alhaji Muhammad Saad Abubakar, and Ooni of Ife, Oba Adeyeye Ogunwusi, pledged the support and loyalty of traditional rulers from the six geo-political zones to President Tinubu. They assured the President of their continued prayers in his resolve to move the country forward under his Renewed Hope agenda. ‘‘We are 100 per cent in support of your government and we believe in the will of the Almighty Allah you will move this country forward,’’ the Sultan said, while congratulating him and Vice President Kashim Shettima on their election victory, peaceful transition and assumption of office. ‘‘We will contribute our quota to the development of the country once you reach out to us.” The Ooni of Ife expressed delight that the country has remained united and focused despite the challenges. He recalled the word of President Tinubu where he said that he would deserve no pity from anyone because he asked for the job. The Ooni appealed to President Tinubu not to underestimate the power and reach of traditional rulers in complementing the programmes and visions of the new government. The President and his deputy listened to presentations from representatives from the six geo-political zones, including Shehu of Borno, Alhaji Ibn Umar Al Amin El-kanemi; Obi of Onitsha, Igwe Alfred Achebe; Emir of Kano, Alhaji Aminu Ado Bayero; Amanayabo of Nembe, Edmund Daukoru; Tor Tiv, Prof. James Ayatse; and Deji of Akure, Oba Aladetoyinbo Aladelusi.
President Bola Ahmed Tinubu has suspended the Central Bank Governor (CBN) Godwin Emefiele with immediate effect. A statement from the office of the Secretary to the Government of the Federation (SGF), today, June 9, said that Emefiele is being suspended in view of the ongoing investigation of his office and the planned reforms in the financial sector of the economy. The statement, signed by the Director of Information in the SGF office, Willie Bassey said that Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms.
The telecommunications and information services sector has contributed N2.508 trillion to the nation’s gross domestic product (GDP)in the first quarter of 2023. This represents 14.13 per cent. Figures released by the National Bureau of Statistics (NBS), showed that the sector recorded 4.3 per cent increase from its performance in the last quarter of 2022 when it recorded 13.55 per cent. When compared on a year-on-year basis, the growth showed a positive progression from 12.94 per cent in the first quarter of 2022 , to the 2023 figure of 14.13, which is an approximate growth of 9.19 per cent. The percentage of telecom contribution to GDP was calculated from 46 distinct sectors of the economy, which constitute telecom and information services baskets. The Nigerian telecom industry has continued its show of positive outlook, which is credited to the innovative and predictable telecom regulatory environment promoted, and implemented by the Nigerian Communications Commission, NCC. One of the key highlights of the telecom industry performance within the period was the generation of $820.8 million for the federal government from 5G spectrum licences fees paid by three eventual winning operators, MTN, MAFAB and Airtel.
Following the issuance of the licences in December 2021 to MTN and MAFAB, both companies have launched 5G services. Airtel, which received its licence in December 2022, is set to launch services this month, June 2023. Another major development in the sector was the launch of Starlinks broadband services, a satellite-based wireless broadband services with potential nationwide coverage. This followed the issuance of licence to Elon Musk-owned SpaceX by the Commission. The services are now available in different parts of the country. Meanwhile, the growth statistics of the telecom industry are showing an impressive record of contributions to the economy. The number of phone subscribers as at April 2023, stood at 223.6 million subscribers, scoring a teledensity of 117 per cent. Internet subscribers for the same period were 157 million while broadband subscriptions stood at 92 million, translating to 48 per cent broadband penetration in the country.
A member-elect of the House of Representatives, Amobi Ogar has confessed that he did not know that President Bola Ahmed Tinubu was intelligent and prepared for the office.
Elected on the platform of the Labour Party, Amobi, who was elected on the platform of the Labour Party (LP) told newsmen after a meeting between federal lawmakers-elect and Tinubu at the Presidential villa, Abuja, confessed that Tinubu spoke intelligently. President Tinubu met the lawmakers-elect from opposition political parties over the intensifying leadership tussle ahead of the inauguration of the 10th National Assembly tomorrow, June 10. The meeting was attended by opposition senators-elect and House of Representatives members-elect from the Peoples Democratic Party (PDP), the Labour Party (LP) and the New Nigeria Peoples Party (NNPP), among other opposition parties. Amobi said: “Well, I can tell you that today is my best day. Today I’m so happy that I’m an elected member seeing my president talking. In fact, I never knew that this man is so intelligent. I never knew that this man is so prepared to serve this country. “I saw the love, I saw the character, I saw the charisma, the belief that Nigeria can be a better nation. So I’m so glad that the meeting we have today is going to take us a little bit to a more stabilised house. Now, even without talking to us again, we’ve agreed that we are going towards the government’s decision. Not minding, I’m of Labour Party. “As at now, the party is not the issue. We’re talking about building the nation, we’re talking about the unity of the nation.”
The Federal Government has declared Monday, June 12, 2023 Public Holiday for the purpose of observing the annual Democracy Day.
The Permanent Secretary in the ministry of Interior, Dr. Oluwatoyin Akinlade made the declaration on behalf of the Federal Government.
Nigeria’s democratic journey has, like in many other climes, encountered both stormy and smooth sails, but the ship of State, it’s institutions and most importantly, the Nigerian people have remained steadfast on the tenets of democratic governance.
He said that Nigerians and friends of Nigeria are invited to appreciate the progress that has been made, celebrate the milestones covered and look forward to a better future for the country’s democracy.
The Permanent Secretary wished Nigerians a Happy Democracy Day celebration.
The Group of five Governors on the platform of the opposition People’s Democratic Party (PDP), otherwise known as G-5, have resolved to team up with President Bola Ahmed Tinubu to build the Nigerian nation. Rising from a close door meeting with President Tinubu today, June 8, at the Presidential villa, Abuja, the G-5 emphasized that the visit was part of their nation building efforts. Speaking to newsmen on their behalf by the Oyo state governor, Seyi Makinde, the group, made up of immediate past governors of Rivers, Nyesom Wike; Enugu, Ifeanyi Ugwuanyi; Abia, Okezie Ikpeazu and Benue, Samuel Ortom, said that they wanted the President to know what they stand for. They made it clear that they stand for fairness, justice and equity. “Well, nation building is a very difficult task. You have to keep evaluating. You know what your day is, where you’re going? So, we have to keep seeing the President, you know, to let him know what is happening. “And for this evening, the G-5, the integrity group, we also came to let the President know what we stood for: fairness, justice, and equity”. The G-5 said that now that elections have been won and lost: “we are going towards Mr. President, you know, coming with us on the route for fairness, for justice and for equity in Nigeria.”
“I am profoundly grateful to the people of Surulere 1 Federal Constituency for allowing me to represent them for the last twenty years.”
Femi Gbajabiamila, the outgoing Speaker of the House of Representatives, made the following statement in his farewell message to his colleagues yesterday, June 7. He will assume his new duty as Chief of Staff to President Bola Ahmed Tinubu at the Aso Rock Presidential villa shortly.
Below is his full address:
Honourable colleagues, fellow Nigerians:
I thank God almighty, by whose grace and mercy we have gathered here once more in the people’s House to do our duty even as our time in the 9th House of Representatives comes to an end.
This will be the last time I address you from this dais as the Speaker of the 9th House of Representatives. It has been the honour of my life to serve our beloved country from this honourable House. I am profoundly grateful to the people of Surulere 1 Federal Constituency for allowing me to represent them for the last twenty years. And I am grateful to you, my dear colleagues, for the honour and privilege of serving as Speaker of the 9th House of Representatives for the last four years. All glory belongs to the almighty God, who ordains our destinies and guides our path.
In the years since I first stepped into this hallowed chamber, the House of Representatives has changed profoundly, just as our country has changed too. Yet, in all that time, I have not witnessed change on a scale and with such speed as has been the case in the last four years. We have lived through a global pandemic that nobody anywhere saw coming. We have governed at a time of global crises and relentless transformations to the global economy. We have seen our nation’s politics come of age with a new generation of young people determined to have a seat at the table and prepared to fight for it, whatever the cost. Just in the last few days, we have seen the end of a subsidy regime that has distorted the energy market in our country for over thirty years.
When change happens at this scale and with such an unrelenting pace, it creates challenges and opportunities almost in equal measure. Over the last four years, this House of Representatives has worked to ensure that our country can overcome these challenges and take advantage of the moment to achieve economic, social, and political transformations that benefit all the Nigerian people. We elevated the debates in the House of Representatives and made this chamber the arena for informed exchanges about Nigeria’s future and the welfare of all our nation’s people. We have left our mark in every sector of our national life and positively impacted people’s lives across our country.
We introduced discipline into the appropriations process by implementing a January to December budget cycle that ended the policy instability and economic uncertainty of the previous irregular budget cycles. We reformed the oversight process to ensure greater collaboration between the arms of government. We made it easier for citizens to access details of budget expenditures so that they, too, can be part of the process of ensuring accountability in the administration of public funds. We did not yield our constitutional obligation to ensure faithful compliance with the letter and spirit of the Appropriation Act by the Ministries, Departments and Agencies of the government.
While the strategic importance of the oil and gas sector to Nigeria’s socioeconomic well-being has long been apparent, successive administrations failed to put in place a functional statutory regime to allow that sector to function optimally. We ended that legacy of lethargy with the passage of the Petroleum Industry Act (PIA). With the Deep Offshore and Inland Basin Production Sharing Contracts Act, we went even further to put the sector on the right footing. These statutory reforms rightfully ought to have happened a long time ago. Now, we must ensure that the reforms contained in these Acts are dutifully implemented as part of a broader energy policy suited to the realities of technological advancements and the evolving demands of the global energy market.
We passed the Police Act to change the nature of relations between the police and citizens in our country and ensure that police officers who fall short of their responsibilities can be quickly held accountable. The Act expressly prohibits police officers from arresting citizens for civil wrongs, imposes an obligation on the police to inform citizens of their rights at the point of arrest, and mandates the police to ensure that persons arrested have access to their families and legal representation. In addition, the Act established the Police Complaints Units as a statutory organ accessible to the public to report police misconduct and empowered to initiate action when such reports are received.
These reforms did not end police misbehaviour in our country; soon enough, there was a national reckoning. We responded by working with the Nigeria Bar Association (NBA) to establish a new framework of accountability to hold erring members of the Police Force to account for their conduct in the performance of their duties and compel the Nigerian Police Force (NPF) to take responsibility for the failures of training and discipline that leads to such wrongful conduct. And we appropriated the sum of Five Hundred Million Naira through the National Human Rights Commission (NHRC) to compensate victims of police brutality nationwide. I sincerely hope that the work of police reform will continue in the House of Representatives until we achieve a system of policing that meets our nation’s needs and reflects the best of us.
When in March 2020, the covid-19 virus entered our shores, we became bound with the world in experiencing a tragic disruption to our economic, political, and social lives, unlike anything we have ever witnessed. This House of Representatives responded by taking active measures to protect the Nigerian people, including those who work here in the National Assembly. We passed the Emergency Economic Stimulus Bill to grant companies a rebate on Companies Income Tax, suspend import duties on medicines, medical equipment, personal protective equipment, and other essential medical materials and defer mortgage obligations on residential mortgages by contributors to the National Housing Fund.
We also passed the Emergency Relief and Assistance Bill to provide a limited salary guarantee for low-income permanent employees of companies registered and operating in Nigeria, relieve legal consumers of electricity in Nigeria of the burden of electricity charges for a limited period and suspend for a fixed period, the implementation of the Value Added Tax (VAT) provisions of the Finance Act 2020. Whilst these legislations did not pass in the Senate and never became law, they provided the framework for the federal government’s policy response to the pandemic, as the policy ideas contained therein were adopted and variously implemented through executive orders and subsequent legislations.
We worked to establish, under emergency conditions, a fully functioning care facility in the Federal Capital Territory under the management of the National Centre for Disease Control (NCDC). We intervened to prevent potentially devastating strike action by doctors and ensure that the medical professionals at the fore of our response to the pandemic were remunerated correctly and provided the allowances due to them. We reviewed the statutory framework for managing infectious disease outbreaks and proposed the Infectious Disease Bill to reform an area of our laws that hadn’t been examined for a century. In an act of service for which I remain proud and thankful, members of this House volunteered their salaries to the covid relief fund to support the needs of the most vulnerable in our society.
The legislative legacy of the 9th House of Representatives includes the Companies and Allied Matters Act and the Nigeria Start-Up Act, two critical legislations aimed at changing the way we do business in Nigeria by streamlining regulations, reducing red tape, and setting the conditions for the private sector to innovate, thrive and grow. Our legacy also includes the comprehensive electoral reforms in the Electoral Act that have changed forever for good the way we conduct elections in Nigeria. While we recognise the need to continue to work to improve election management in Nigeria, we must acknowledge the vast improvements that have happened since the return to democracy. And we take pride in our contribution to these improvements over the last four years.
Through the constitutional review process, the House of Representatives sought to restructure our government to make it more effective, reorganise our politics to make it more inclusive, enshrine efficient mechanisms for holding the institutions of state to account and put an end to the debilitating conflicts that even now continue to tear our nation apart. We made an audacious attempt to create a constitution that addresses once and for all the fundamental issues that distract from nation-building. The constitutional amendments we enacted devolved power and responsibilities over critical areas of our national life in an effort to spur innovation and healthy competition at the subnational level. By our joint effort, we achieved financial independence for state houses of assembly and state judiciary, granting greater autonomy to these arms of government in line with democratic best practice.
To succeed in our shared ambition of building a prosperous and peaceful country, we must do everything within our power to ensure that our daughters and those yet to be born can grow up in a more open, more equal society than their mothers did. Unfortunately, we did not succeed in removing some of the constitutional barriers that have long stood in the way of women’s full and unhindered participation in the politics, governance and economy of our nation. This issue must continue to be at the fore of our national conversations. I hope the 10th House of Representatives will take up the mantle and do better than we did.
Beyond legislative interventions, the 9th House of Representatives will be remembered for our efforts to change how we do the business of parliament, most notably for introducing information technology tools through the e-parliament project and establishing the National Assembly Library Trust Fund. The National Assembly Library Trust Fund will ensure that the National Assembly is operationally suited to meet the needs of the Nigerian people by providing modern library and research infrastructure, training and capacity development for legislators and aides and operating as a resource centre for the legislature, and all who have any interest in legislative endeavours.
This 9th House, with unwavering courage and determination, defended the rights and dignity of the Nigerian people abroad from every attempt to dehumanise and victimise our people. Our interventions on behalf of Nigerians in China during the pandemic put an end to recurrent incidents of abuse, just as our efforts on behalf of Nigerians in South Africa and Ghana caused the governments of those nations to step up action to protect the lives and property of our citizens in those countries. From Ghana to South Africa, from China to the United States of America, we made it clear that this parliament will defend the rights of our citizens to conduct their legitimate businesses without fear of molestation and that the wellbeing of Nigerians remains our business whether home or abroad. This model of parliamentary diplomacy has become a legitimate tool for back-channel interventions to resolve conflicts involving our citizens around the world. It is an approach that ought to be sustained and improved.
We convened a Summit on National Security to examine our national security and defence infrastructure and identify critical areas of improvement. I hope that work to ensure our borders are secure and our people are safe will continue in the next assembly and throughout government. Through the Conference of Speakers and Heads of African Parliaments (CoSAP), we have initiated a new and promising framework for interparliamentary cooperation across the continent to address our shared challenges and build better networks for collaboration, progress, and prosperity. This effort should continue in the best interests of our country and continent.
Honourable colleagues, despite the considerable investments we have made to improve our public infrastructure and the numerous reforms we have enacted to change how we administer the government, our country faces many significant challenges. These challenges have caused many of our fellow citizens to wonder if the promise of democracy will ever become real in their lives. Too many of our young people have lost faith entirely and are choosing in droves to seek their fortunes and their futures in other lands. We are losing some of our best and brightest, and if we don’t act now, the consequences of this loss will shortly become painfully evident.
How do we ensure a healthy, vigorous, growing economy that provides opportunities for all who work hard to succeed through their labour and ingenuity? How do we protect our people from the marauders and insurgents, the petty criminals and assorted villains who wish to harm them, whether for profit or in service of other agendas? How do we restore faith in our young people so that so many of them no longer feel like the only way to achieve their best aspirations is to chase their fortunes in far away, often hostile lands? These are the critical questions all of us in government must answer or risk the unforgiving judgment of history. With each new day, we have an opportunity to make the hard choices and take the necessary actions to guarantee our nation’s future. With each new day, we have less time to act and a more outstanding obligation to act quickly.
As you are all aware, the President of the Federal Republic of Nigeria, His Excellency Asiwaju Bola Ahmed Tinubu GCFR, has nominated me to continue serving the people of Nigeria as Chief of Staff in the Presidency. I am humbled by this new call to duty, and I am grateful to all of you who have reached out to me. I have long believed that the ultimate end of all political and governance efforts must be to achieve measurable improvements in the lives of the people on whose behalf we hold office. This fundamental belief in the responsibility of government to be a force for good has been my guiding light. It will continue to be so in my new endeavours. I humbly ask for your prayers and support in this new chapter. I assure you that in this new role, I will work to ensure a cordial and productive relationship between the executive and legislative arms of government whilst respecting the independence and prerogatives of the legislature.
For everything, there is a time and season, and we are obligated each season to do the most and the best we can in the time we have. This is a good rule for politics and for life itself. The 9th House of Representatives is ending, and the 10th will shortly be convened. All of us, those whose time in office is ending, and those for whom duty continues, will face the judgment of history. I urge you to keep this in mind and let your actions be guided by the desire to ensure that you are not found wanting by man or God in the final judgment. As a member and Speaker of this honourable House, I have travelled the length of this country, and I have been amazed by the talent and capacity, dogged determination, and resilience of the Nigerian people. The abundance of these qualities among our people assures me that if government lives up to its responsibilities, our people are ready to do the rest. So, we must live up to our responsibilities; there is no other option.
I want to express my sincere appreciation to the civil servants and aides who have toiled tirelessly with me during my time here; I thank you all most sincerely for your service. I want you to know that the roles you play in keeping this institution running are crucial to achieving the kind of country we desire. I urge you to please take pride in performing those roles credibly at all times. Reach for excellence in all you do, and resist the cynicism and pessimism that encourages laziness and ineptitude. I also wish to thank our compatriots in the media for their dedicated efforts in ensuring that the exercise of state and economic power is fair and proper and in service of the greater good. A lot of the work we do in the legislature would not be possible without the support and partnerships of civil society organisations and development partners. I want to especially thank the Policy and Legal Advocacy Centre (PLAC), the Nigeria Bar Association (NBA), Konrad Adenauer Stiftung (KAS) and several others who have proven worthy partners in progress.
For the better part of my adult life, I have traversed the halls of this complex, legislated from the chamber of this hallowed House and built relationships with people from across the country, colleagues past and present. I have met and established genuine bonds of brotherhood with some of the most amazing human beings, and together we have shared experiences that strengthened those bonds. As I transition into my new role, a role unlike the one I have had for these many years, I ask for your support and best wishes as we continue to work together to advance the cause and fulfil the promise of Nigeria. I will miss all of you, and I will miss this House. I want you to rest assured that wherever the road takes me, I will carry you all in my heart fondly because you have enriched my life in ways words alone cannot fully express.
Nigeria is an unfinished story, a long tale of promise and peril, and our final chapters have not been written yet. Some persist in believing that this grand nation is a victim of history, that our destiny has already long been written, and that we cannot escape from it. I do not subscribe to this view. In fact, I reject it entirely. Indeed the world today is being remade by profound and powerful forces, and it may seem our destiny no longer lies within our control. But we are a proud and resilient people with a limitless capacity for excellence. All that we hope to be, we can. All that we desire is within reach. Our greatest successes as a nation will come when we work together across party lines, without considering differences of tribe and tongue, religion and creed towards the shared goals of our nationhood – peace and prosperity, equity and justice for all.
As we bring this 9th House of Representatives to a close, I am proud to say that by our joint effort at nation-building, we have ensured that the cause of Nigeria will long endure and the dreams of our nation’s founding fathers will not die. We came, we saw, and while there is much yet to conquer, we have done our duty to God and country. I came to this honourable House twenty years ago, filled with hope for our nation’s future. I leave this office today with hope unbroken, and my enthusiasm to serve remains undiminished. I am more confident that our best days are ahead and that we can build a future where our nation is a beacon of excellence, a refuge and a place of pride for all who salute our flag and swear allegiance to our constitution. This is a future worth fighting for; this is the future I will never stop fighting for.
Thank you, goodbye, God bless you, and God bless the Federal Republic of Nigeria.
The Federal Inland Revenue Service (FIRS) and Lagos Internal Revenue Service (LIRS), have signed a Memorandum of Understanding (MoU) to establish a Joint FIRS and LIRS Audit and Investigation Team aimed at encouraging the exchange of information between both agencies.
In the communique by Ayodele Subair, Executive Chairman of LIRS and Muhammad Nami, Executive Chairman of FIRS yesterday, June 7, the general public, taxpayers and tax practitioners are charged to provide full support and cooperation to both Agencies for the overall economic benefit of all stakeholders.
According to the MoU, the overall objective of the Joint Tax Audit would be to improve tax administration by reducing tax compliance cost thereby enabling ease of doing business in the country.
Speaking on the MoU, Ayodele Subair said that while the importance of the agreement was to foster greater collaboration between the two agencies: “There is no reason to debate the above as it has been established that tax compliance and good governance are expected to co-exist as the undividable social contract that binds citizens and governments anywhere in the world. Therefore, citizens and governments are expected to fulfil their end of the bargain in achieving a balance.”
According to the FIRS Executive Chairman, Muhammad Nami: ‘’the cooperation would enable the two authorities to work as a team in sharing relevant information that would assist both parties in their tax administration and enforcement roles as it would also provide capacity building between both tax authorities.
“We will carry out a joint audit and investigation as a team, we will also conduct an automatic exchange of information for gathering data for the purpose of tax administration. With that information, we would be able to carry out tax administration seamlessly.”
The communique said that while the notice was issued for the information and guidance of the general public, taxpayers and tax practitioners in line with the memorandum of understanding, the collaboration between both Agencies in the area of exchange of information will ensure efficiency, accurate assessments and increased revenue for funding of Government expenditure,
FIRS and LIRS, the communique said, are leveraging on their existing distinct competencies in tax administration to collaborate in the areas of exchange of information, harmonization of an integrated tax system and joint tax audit or investigation exercise (where necessary) in carrying out their respective mandates for the purpose of optimizing tax revenue to the Federal Government and the Lagos State Government respectively.
The collaboration is expected to improve tax administration with a view to enhancing tax revenue generation, creation of a robust database and improve on the country’s tax-to-GDP ratio.
The parties are expected to establish a Joint Audit or Investigation Team to be known as the FIRS/LSBIR JAIT (hereinafter referred to as “JAIT”), whose membership shall be determined by both parties to conduct a joint audit or investigation exercise which shall be concluded timeously.
The communique assured the public that employees of both parties will abide by the Code of Conduct and Ethical compliance to assure that the implementation of the MOU does not impact negatively on the taxpayers and the parties.
The Managing Director of the Northwest Petroleum & Gas Company Limited, Winifred Akpani has confirmed that Nigeria had been feeding the whole of the West African subregion with subsidized fuel long before the government of Bola Tinubu removed it.
Speaking to newsmen shortly after a solidarity visit to President Tinubu today, June 7, at the Presidential villa, Abuja the major oil marketer said: “we have been feeding the whole West Africa Sub Saharan Africa, with fuel.
“Since last week Monday, and it’s difficult to believe that it’s only 10 days that this happened, if you check, all those neighboring countries have all their prices shot up.
“Probably maybe Niger is the cheapest with about N580 per liter because they were all feeding on Nigeria’s fuel.”
She defended the removal of the subsidy, saying that it is all about repositioning the country.
“I think Nigeria has suffered for too long. It’s about putting your money in the right place. “We spent like N4 trillion last year. We have spent N4 trillion this year for the first three, four months already.
“We are at about spending 2.7 trillion in subsidy and by the end of this year, we would have been at over 6.7 trillion. How much of that really goes to the populace?”
The boss of the oil marketer stressed that Nigeria cannot be subsidizing the whole of Africa, especially when the country has a lot of its own problems.
“So we came today to express our support and to see how we can cooperate with government because ultimately, you can’t kill the people you’re trying to save. So we’re not going to sit back and say, hey, yes, you have removed subsidy, so it’s fine. There are a aches, there are pains, what can we all do?”
She said that a lot of suggestions were made to the President on how to move the country forward.
She said that over time, Nigeria had depended on PMS because it was cheap, regretting that gas was not developed. “There’s electricity. So we’ll have alternate sources of energy. It doesn’t have to be PMS.
Now suddenly, we now realize that we have gas in abundance.
“There was no fresh investment. Nobody’s going to invest in an economy that is not free. “You’re going to have restrictions. since maybe July last year, I don’t think NNPC has paid anything into the Federation accounts.
“As a matter of fact, we’re actually going to start billing the Federation because there was spending more on a subsidy than they were earning. So these are the problems and that’s why we said it was important for the government to understand that we do support and we are very willing and able to help Nigeria transit this situation.
“The President did listen to us very graciously. And it was interesting, because we all suddenly remember that he’s an accountant first and foremost.
“He asked and he interjected with very, very intelligent questions, and he understood what we meant by saying we want a complete free market. “Free market to have one exchange rate so people can stop trading in dollars. When there’s free exchange rate then we can compete in importation, have competitive licensing, and having refineries running.
“Ee have gone through so many years of no fresh investments, all you ever see are new depot being built? Why is that because that’s all it takes. If you do that, then you become a marketer and you can begin to sell fuel but no. And we also try to explain that whereas you were buying 10,000 matrix ton of petrol for N4 billion, today you have to pay N12 billion. So it’s also important to recognize the fact that the pain is not only for the populace, it’s for the marketers, we’re going to see mergers.
“We’re going to have drop off because that’s a lot of money. But that’s also not to say that we’re going to have scarcity No. Finally we’re going to have our real volumes. “We have stopped feeding most of Africa already, the volumes have dropped. And it’s not only because you’re saying we can’t afford transportation. It’s only the man who has a Jeep that will spend N70,000 now to fuel his car.
“The man who doesn’t have a car doesn’t have to worry about that. All he needs is transportation. And to that extent, we recognize this fact that we have to have an effective mass transit system so that people don’t want to be bothered to drive cars have alternatives, and they’re not going to be stuck at home because they can move.
“So, most of what we talked about is how do we go from here? How can we actually make it work? How can we go back to almost the points where we are before? It’s possible.
“And I say that with all sense of responsibility. And one good thing we also have recognize is the fact that a lot of jobs are going to be created, new businesses are going to come up.
“That’s an adage that says sometimes if you don’t shut a door a window doesn’t open. “And you will find out that maybe that window that opens because of the timing, there’s a lot of opportunity that comes through that.
“So for us it was a very, very good meeting. And we had an input in which we also were able to discuss about helping the economic team, participating in what they’re doing, because they were the people on the field were the ones doing this distribution. What can we do differently?
“And one thing that the President also stated clearly is that we must minimize frictions in this system. We must have a free market that works. “Whether is licensing if you say you are licensing, how long does it take to license it has to be done promptly.
“So in a nutshell, I think that covers essentially what this meeting was all about. We believe by July, which is only a month away, we’re going to begin to really see what is being put in place to help, to assist and to make sure that people can go back to seamless living.
“And we all collectively agree that we’re going to work at providing real mass transit buses that work, the ones that run on CNG, which is a compressed natural gas and diesel interchangeably, and hopefully we’re going to start with about 50 to 100.
“And that is in the very, very short term. And these are locally produced, so you see that we’re also providing jobs, a lot more jobs because we’re using local assembly plants, we are not importing this.
“That is less pressure on our foreign exchange, and that’s more jobs for Nigerians. And Mr President was very happy with that. And we’re really relieved to thank the President because he has a perfect understanding of a lot of the issues.
“I guess we’re not surprised but we were almost amazed to use that word. He asked all the right questions and he pointed to who could solve this problem and that problem.
“So like I said, we’re really, really grateful that we’ve had this interaction, and we’ll take it from there.
“And hopefully, everybody here and Nigerians at large will begin to see that even if this sounded very difficult, it’s a very, very good move, and very courageous.
“We’ve been trying to do this for so many years. “No president has had the courage to do this. “But now we’ll have to face it and like we said, support is what is required now to sit this through.”
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Following the issuance of the licences in December 2021 to MTN and MAFAB, both companies have launched 5G services.
I Served In House Of Reps For 20 Years – Speaker Gbajabiamila
“I am profoundly grateful to the people of Surulere 1 Federal Constituency for allowing me to represent them for the last twenty years.”
Femi Gbajabiamila, the outgoing Speaker of the House of Representatives, made the following statement in his farewell message to his colleagues yesterday, June 7. He will assume his new duty as Chief of Staff to President Bola Ahmed Tinubu at the Aso Rock Presidential villa shortly.
Below is his full address:
Honourable colleagues, fellow Nigerians:
I thank God almighty, by whose grace and mercy we have gathered here once more in the people’s House to do our duty even as our time in the 9th House of Representatives comes to an end.
This will be the last time I address you from this dais as the Speaker of the 9th House of Representatives. It has been the honour of my life to serve our beloved country from this honourable House. I am profoundly grateful to the people of Surulere 1 Federal Constituency for allowing me to represent them for the last twenty years. And I am grateful to you, my dear colleagues, for the honour and privilege of serving as Speaker of the 9th House of Representatives for the last four years. All glory belongs to the almighty God, who ordains our destinies and guides our path.
In the years since I first stepped into this hallowed chamber, the House of Representatives has changed profoundly, just as our country has changed too. Yet, in all that time, I have not witnessed change on a scale and with such speed as has been the case in the last four years. We have lived through a global pandemic that nobody anywhere saw coming. We have governed at a time of global crises and relentless transformations to the global economy. We have seen our nation’s politics come of age with a new generation of young people determined to have a seat at the table and prepared to fight for it, whatever the cost. Just in the last few days, we have seen the end of a subsidy regime that has distorted the energy market in our country for over thirty years.
When change happens at this scale and with such an unrelenting pace, it creates challenges and opportunities almost in equal measure. Over the last four years, this House of Representatives has worked to ensure that our country can overcome these challenges and take advantage of the moment to achieve economic, social, and political transformations that benefit all the Nigerian people. We elevated the debates in the House of Representatives and made this chamber the arena for informed exchanges about Nigeria’s future and the welfare of all our nation’s people. We have left our mark in every sector of our national life and positively impacted people’s lives across our country.
We introduced discipline into the appropriations process by implementing a January to December budget cycle that ended the policy instability and economic uncertainty of the previous irregular budget cycles. We reformed the oversight process to ensure greater collaboration between the arms of government. We made it easier for citizens to access details of budget expenditures so that they, too, can be part of the process of ensuring accountability in the administration of public funds. We did not yield our constitutional obligation to ensure faithful compliance with the letter and spirit of the Appropriation Act by the Ministries, Departments and Agencies of the government.
While the strategic importance of the oil and gas sector to Nigeria’s socioeconomic well-being has long been apparent, successive administrations failed to put in place a functional statutory regime to allow that sector to function optimally. We ended that legacy of lethargy with the passage of the Petroleum Industry Act (PIA). With the Deep Offshore and Inland Basin Production Sharing Contracts Act, we went even further to put the sector on the right footing. These statutory reforms rightfully ought to have happened a long time ago. Now, we must ensure that the reforms contained in these Acts are dutifully implemented as part of a broader energy policy suited to the realities of technological advancements and the evolving demands of the global energy market.
We passed the Police Act to change the nature of relations between the police and citizens in our country and ensure that police officers who fall short of their responsibilities can be quickly held accountable. The Act expressly prohibits police officers from arresting citizens for civil wrongs, imposes an obligation on the police to inform citizens of their rights at the point of arrest, and mandates the police to ensure that persons arrested have access to their families and legal representation. In addition, the Act established the Police Complaints Units as a statutory organ accessible to the public to report police misconduct and empowered to initiate action when such reports are received.
These reforms did not end police misbehaviour in our country; soon enough, there was a national reckoning. We responded by working with the Nigeria Bar Association (NBA) to establish a new framework of accountability to hold erring members of the Police Force to account for their conduct in the performance of their duties and compel the Nigerian Police Force (NPF) to take responsibility for the failures of training and discipline that leads to such wrongful conduct. And we appropriated the sum of Five Hundred Million Naira through the National Human Rights Commission (NHRC) to compensate victims of police brutality nationwide. I sincerely hope that the work of police reform will continue in the House of Representatives until we achieve a system of policing that meets our nation’s needs and reflects the best of us.
When in March 2020, the covid-19 virus entered our shores, we became bound with the world in experiencing a tragic disruption to our economic, political, and social lives, unlike anything we have ever witnessed. This House of Representatives responded by taking active measures to protect the Nigerian people, including those who work here in the National Assembly. We passed the Emergency Economic Stimulus Bill to grant companies a rebate on Companies Income Tax, suspend import duties on medicines, medical equipment, personal protective equipment, and other essential medical materials and defer mortgage obligations on residential mortgages by contributors to the National Housing Fund.
We also passed the Emergency Relief and Assistance Bill to provide a limited salary guarantee for low-income permanent employees of companies registered and operating in Nigeria, relieve legal consumers of electricity in Nigeria of the burden of electricity charges for a limited period and suspend for a fixed period, the implementation of the Value Added Tax (VAT) provisions of the Finance Act 2020. Whilst these legislations did not pass in the Senate and never became law, they provided the framework for the federal government’s policy response to the pandemic, as the policy ideas contained therein were adopted and variously implemented through executive orders and subsequent legislations.
We worked to establish, under emergency conditions, a fully functioning care facility in the Federal Capital Territory under the management of the National Centre for Disease Control (NCDC). We intervened to prevent potentially devastating strike action by doctors and ensure that the medical professionals at the fore of our response to the pandemic were remunerated correctly and provided the allowances due to them. We reviewed the statutory framework for managing infectious disease outbreaks and proposed the Infectious Disease Bill to reform an area of our laws that hadn’t been examined for a century. In an act of service for which I remain proud and thankful, members of this House volunteered their salaries to the covid relief fund to support the needs of the most vulnerable in our society.
The legislative legacy of the 9th House of Representatives includes the Companies and Allied Matters Act and the Nigeria Start-Up Act, two critical legislations aimed at changing the way we do business in Nigeria by streamlining regulations, reducing red tape, and setting the conditions for the private sector to innovate, thrive and grow. Our legacy also includes the comprehensive electoral reforms in the Electoral Act that have changed forever for good the way we conduct elections in Nigeria. While we recognise the need to continue to work to improve election management in Nigeria, we must acknowledge the vast improvements that have happened since the return to democracy. And we take pride in our contribution to these improvements over the last four years.
Through the constitutional review process, the House of Representatives sought to restructure our government to make it more effective, reorganise our politics to make it more inclusive, enshrine efficient mechanisms for holding the institutions of state to account and put an end to the debilitating conflicts that even now continue to tear our nation apart. We made an audacious attempt to create a constitution that addresses once and for all the fundamental issues that distract from nation-building. The constitutional amendments we enacted devolved power and responsibilities over critical areas of our national life in an effort to spur innovation and healthy competition at the subnational level. By our joint effort, we achieved financial independence for state houses of assembly and state judiciary, granting greater autonomy to these arms of government in line with democratic best practice.
To succeed in our shared ambition of building a prosperous and peaceful country, we must do everything within our power to ensure that our daughters and those yet to be born can grow up in a more open, more equal society than their mothers did. Unfortunately, we did not succeed in removing some of the constitutional barriers that have long stood in the way of women’s full and unhindered participation in the politics, governance and economy of our nation. This issue must continue to be at the fore of our national conversations. I hope the 10th House of Representatives will take up the mantle and do better than we did.
Beyond legislative interventions, the 9th House of Representatives will be remembered for our efforts to change how we do the business of parliament, most notably for introducing information technology tools through the e-parliament project and establishing the National Assembly Library Trust Fund. The National Assembly Library Trust Fund will ensure that the National Assembly is operationally suited to meet the needs of the Nigerian people by providing modern library and research infrastructure, training and capacity development for legislators and aides and operating as a resource centre for the legislature, and all who have any interest in legislative endeavours.
This 9th House, with unwavering courage and determination, defended the rights and dignity of the Nigerian people abroad from every attempt to dehumanise and victimise our people. Our interventions on behalf of Nigerians in China during the pandemic put an end to recurrent incidents of abuse, just as our efforts on behalf of Nigerians in South Africa and Ghana caused the governments of those nations to step up action to protect the lives and property of our citizens in those countries. From Ghana to South Africa, from China to the United States of America, we made it clear that this parliament will defend the rights of our citizens to conduct their legitimate businesses without fear of molestation and that the wellbeing of Nigerians remains our business whether home or abroad. This model of parliamentary diplomacy has become a legitimate tool for back-channel interventions to resolve conflicts involving our citizens around the world. It is an approach that ought to be sustained and improved.
We convened a Summit on National Security to examine our national security and defence infrastructure and identify critical areas of improvement. I hope that work to ensure our borders are secure and our people are safe will continue in the next assembly and throughout government. Through the Conference of Speakers and Heads of African Parliaments (CoSAP), we have initiated a new and promising framework for interparliamentary cooperation across the continent to address our shared challenges and build better networks for collaboration, progress, and prosperity. This effort should continue in the best interests of our country and continent.
Honourable colleagues, despite the considerable investments we have made to improve our public infrastructure and the numerous reforms we have enacted to change how we administer the government, our country faces many significant challenges. These challenges have caused many of our fellow citizens to wonder if the promise of democracy will ever become real in their lives. Too many of our young people have lost faith entirely and are choosing in droves to seek their fortunes and their futures in other lands. We are losing some of our best and brightest, and if we don’t act now, the consequences of this loss will shortly become painfully evident.
How do we ensure a healthy, vigorous, growing economy that provides opportunities for all who work hard to succeed through their labour and ingenuity? How do we protect our people from the marauders and insurgents, the petty criminals and assorted villains who wish to harm them, whether for profit or in service of other agendas? How do we restore faith in our young people so that so many of them no longer feel like the only way to achieve their best aspirations is to chase their fortunes in far away, often hostile lands? These are the critical questions all of us in government must answer or risk the unforgiving judgment of history. With each new day, we have an opportunity to make the hard choices and take the necessary actions to guarantee our nation’s future. With each new day, we have less time to act and a more outstanding obligation to act quickly.
As you are all aware, the President of the Federal Republic of Nigeria, His Excellency Asiwaju Bola Ahmed Tinubu GCFR, has nominated me to continue serving the people of Nigeria as Chief of Staff in the Presidency. I am humbled by this new call to duty, and I am grateful to all of you who have reached out to me. I have long believed that the ultimate end of all political and governance efforts must be to achieve measurable improvements in the lives of the people on whose behalf we hold office. This fundamental belief in the responsibility of government to be a force for good has been my guiding light. It will continue to be so in my new endeavours. I humbly ask for your prayers and support in this new chapter. I assure you that in this new role, I will work to ensure a cordial and productive relationship between the executive and legislative arms of government whilst respecting the independence and prerogatives of the legislature.
For everything, there is a time and season, and we are obligated each season to do the most and the best we can in the time we have. This is a good rule for politics and for life itself. The 9th House of Representatives is ending, and the 10th will shortly be convened. All of us, those whose time in office is ending, and those for whom duty continues, will face the judgment of history. I urge you to keep this in mind and let your actions be guided by the desire to ensure that you are not found wanting by man or God in the final judgment. As a member and Speaker of this honourable House, I have travelled the length of this country, and I have been amazed by the talent and capacity, dogged determination, and resilience of the Nigerian people. The abundance of these qualities among our people assures me that if government lives up to its responsibilities, our people are ready to do the rest. So, we must live up to our responsibilities; there is no other option.
I want to express my sincere appreciation to the civil servants and aides who have toiled tirelessly with me during my time here; I thank you all most sincerely for your service. I want you to know that the roles you play in keeping this institution running are crucial to achieving the kind of country we desire. I urge you to please take pride in performing those roles credibly at all times. Reach for excellence in all you do, and resist the cynicism and pessimism that encourages laziness and ineptitude. I also wish to thank our compatriots in the media for their dedicated efforts in ensuring that the exercise of state and economic power is fair and proper and in service of the greater good. A lot of the work we do in the legislature would not be possible without the support and partnerships of civil society organisations and development partners. I want to especially thank the Policy and Legal Advocacy Centre (PLAC), the Nigeria Bar Association (NBA), Konrad Adenauer Stiftung (KAS) and several others who have proven worthy partners in progress.
For the better part of my adult life, I have traversed the halls of this complex, legislated from the chamber of this hallowed House and built relationships with people from across the country, colleagues past and present. I have met and established genuine bonds of brotherhood with some of the most amazing human beings, and together we have shared experiences that strengthened those bonds. As I transition into my new role, a role unlike the one I have had for these many years, I ask for your support and best wishes as we continue to work together to advance the cause and fulfil the promise of Nigeria. I will miss all of you, and I will miss this House. I want you to rest assured that wherever the road takes me, I will carry you all in my heart fondly because you have enriched my life in ways words alone cannot fully express.
Nigeria is an unfinished story, a long tale of promise and peril, and our final chapters have not been written yet. Some persist in believing that this grand nation is a victim of history, that our destiny has already long been written, and that we cannot escape from it. I do not subscribe to this view. In fact, I reject it entirely. Indeed the world today is being remade by profound and powerful forces, and it may seem our destiny no longer lies within our control. But we are a proud and resilient people with a limitless capacity for excellence. All that we hope to be, we can. All that we desire is within reach. Our greatest successes as a nation will come when we work together across party lines, without considering differences of tribe and tongue, religion and creed towards the shared goals of our nationhood – peace and prosperity, equity and justice for all.
As we bring this 9th House of Representatives to a close, I am proud to say that by our joint effort at nation-building, we have ensured that the cause of Nigeria will long endure and the dreams of our nation’s founding fathers will not die. We came, we saw, and while there is much yet to conquer, we have done our duty to God and country. I came to this honourable House twenty years ago, filled with hope for our nation’s future. I leave this office today with hope unbroken, and my enthusiasm to serve remains undiminished. I am more confident that our best days are ahead and that we can build a future where our nation is a beacon of excellence, a refuge and a place of pride for all who salute our flag and swear allegiance to our constitution. This is a future worth fighting for; this is the future I will never stop fighting for.
Thank you, goodbye, God bless you, and God bless the Federal Republic of Nigeria.