News
Tax Reform Bill will curb Poverty ad empower Nigerians – Presidency

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has stated that the Tax Reform Bill will significantly reduce poverty and empower ordinary Nigerians.
Speaking at the Spokespersons’ Summit organised by the Nigerian Institute of Public Relations (NIPR) in Abuja, Oyedele expressed confidence in the positive changes the bill is set to bring, particularly for low-income earners and small businesses.
He highlighted key features of the proposed reform, including the exemption of low-income earners from paying Personal Income Tax (PAYE), and the removal of Value Added Tax (VAT) on essential goods and services such as food, education, and healthcare.
Additionally, the bill proposes a zero per cent Corporate Income Tax (CIT) rate for small businesses. Oyedele acknowledged that despite its benefits, the bill has faced criticism and misunderstandings.
“Tax issues are not always popular because people find it difficult to part with their money—especially when they can’t see the benefits of what the government is doing with it,” he said.
According to him, the committee’s approach was to identify challenges through data and design a solution tailored to Nigeria’s needs.
“That is exactly what we have done with the tax reform bill, which is now close to being passed and signed by the President,” he added.
Oyedele emphasized that once implementation begins, Nigerians—especially those in lower-income brackets—will start to experience real improvements in their daily lives.
“We want Nigerians to have the opportunity to create wealth. When they succeed, they can then pay taxes—not the other way around,” he said.
He also commended NIPR for organizing the summit and for promoting public understanding of government policies.
In his remarks, NIPR President and Chairman of Council, Dr Ike Neliaku, stressed the importance of involving professional communicators in policy formulation. He said communicators play a crucial role in explaining complex policies to the public.
“When the government says, ‘This is what we want to do,’ it’s up to trained experts—not quacks—to develop effective communication strategies,” Neliaku stated.
He noted that the tax reform was misunderstood largely due to poor communication, which gave room for misinformation.
To address this, NIPR and its partners are working with the government to create a comprehensive tax communication framework. Similar efforts are also ongoing in areas such as climate action and science communication.
Neliaku urged spokespersons to continually update their knowledge and stay informed on current trends and issues to communicate effectively.
Business
Sage Grey Finance Appoints Akinsanya as Independent Non-Executive Director

In a strategic move to strengthen its corporate governance, Sage Grey Finance Limited has appointed Akinsanya as its new Independent Non-Executive Director.
The appointment reflects the company’s commitment to robust leadership as it expands its footprint in lending, investments, and fund management within Nigeria’s financial sector.
Source: BusinessDay.ng
Business
Nigeria second only to India in number of people without electricity – REA MD

The Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA), Abba Aliyu, has said Nigeria is the second country in the world with the highest number of people living without access to electricity.
Speaking on Channels Television’s Morning Brief on Monday, Aliyu explained that only India has more people without power supply than Nigeria.
He however stressed that the current administration has put in place a structured plan to address what he called electricity poverty.
“I recently came across a post by The Economist which showed that only India has more people without electricity access than Nigeria. But unlike many other countries, Nigeria now has a well-structured plan to address this challenge,” he said.
Aliyu noted that the REA does not operate on the national grid but focuses on off-grid and underserved communities.
“If you have a problem with your Disco, that’s not within our mandate. Our focus is on communities without access to electricity,” he clarified.
Highlighting the agency’s ongoing projects, the REA boss pointed to the Distributed Access to Renewable Energy Scale (DARES) initiative, describing it as the largest public renewable energy project in the world.
According to him, the $750 million programme aims to deliver electricity to 17.5 million Nigerians who currently live without power.
News
Anambra youths rescue man chained, confined in room for five years

Youths of Igboukwu community in Aguata Local Government Area have rescued a man who was chained and detained in a room by his father, who had falsely claimed he had travelled abroad.
A video of the rescue of the young man, whose name was given as Chogbo but who is popularly known among his friends in the community as Agudo, has been circulating on social media.
The man was rescued by the community youths after they suspected that he had been confined in a room in his father’s house, while the father allegedly told everyone that his son had travelled abroad.
Meanwhile, police have confirmed the incident, promising to launch an investigation into the matter and to ensure that anyone found culpable is duly punished.
A press statement by the state police command’s spokesperson, SP Tochukwu Ikenga, stated that the victim has been rescued and is currently receiving care.
He said: “The Commissioner of Police, Anambra State Command, CP Ikioye Orutugu has directed police operatives to immediately investigate a disturbing report circulating in the media regarding a young man identified as Chogbo (popularly known as Agudo) from Igboukwu.
“The man was allegedly kept in chains for five years by his father with claims that he had travelled abroad.
“Preliminary inquiries are ongoing to establish the facts, safeguard the victim’s well-being, and the Command assures that where culpability is established, those responsible will be held accountable in accordance with the law.
“CP Orutugu commended the youths of the community for the proactive role they played in uncovering the incident, describing their action as a clear example of community partnership in policing.
“The Command commends the youths of the community for the proactive role they played in uncovering the incident, describing their action as a clear example of community partnership in policing.
“The victim has been rescued and is receiving necessary care, and further development shall be communicated to the public,” Ikenga stated.
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